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South Africa seen as attractive market amid surging global solar PV deployment

By: Terence Creamer     23rd June 2016 A new study assessing the future role of solar photovoltaics (PV) in the global electricity system suggests that the technology’s installed base could grow to between 1 760 GW and 2 500 GW by 2030 and identifies South Africa as among the most attractive markets for deployment. Solar PV capacity... 

Dubai’s DMCC and China’s Zhongwei Sign MoU to Boost Trade along the ‘One Belt One Road’

     23rd June 2016 DMCC, the Government authority on trade, enterprise and commodities in Dubai, today announced the signing of a Memorandum of Understanding (MoU) with Zhongwei Ningxia Municipal People’s Government in China.   The purpose of the memorandum is to explore new collaboration, directives and... 

World’s First Robotics and Innovation Store to Open in Dubai

     22nd June 2016 Action To Action is set to open the world’s first robotic and innovations store in Dubai. “Innovators”, which will be located at Dubai Festival City, is the only retail concept of its kind, dedicated to visualising the future transformation of consumer electronics retail. The store opens to the... 

Rebels, army seen profiting from Congo gold despite controls

By: Bloomberg     21st June 2016 International regulations aimed at curbing the trade in so-called conflict minerals have failed to stop rebel groups and elements of the army in eastern Democratic Republic of Congo profiting from gold mining in the region, according to a United Nations group of experts. The lack of a functioning... 

AHEC to collaborate with seven UAE-based designers for ‘Seed to Seat’ project at Downtown Design 2016

     20th June 2016 The American Hardwood Export Council (AHEC), the leading international trade association for the American hardwood industry, has announced the launch of ‘Seed to Seat’, a collaboration with seven of the most prominent and exciting designers in the UAE, who have been given an open brief and asked... 

Local company awarded German welding agency

By: Simon Sonnekus     17th June 2016 The acquisition of the South African agency for German tooling manufacturer Orbitalum Tools will allow Dowson & Dobson (D&D) Industrial to provide welding solutions for industries that require tube and pipe-welding preparation. D&D Industrial is a division of Actum Industrial. Both Actum... 

Gold pinned to Brexit angst as traders see $1 350 if leave wins

By: Bloomberg     16th June 2016 Polls show Britons will vote next week to exit the European Union, and that has gold traders betting the precious metal will be a lot more valuable. Prices will rally to the highest in two years if the so-called Brexit campaign succeeds on June 23, reaching $1 350/oz within a week of the vote –... 

Iqarus targets international growth with new appointment

     14th June 2016 Healthcare and medical solutions company Iqarus has appointed Andrew Hames as Chief Commercial Development Officer to drive the company’s strategy for global organic growth in remote and difficult operating environments. With an extensive track record in developing healthcare, security and safety... 

TechAccess Unveils Unify SME Initiative and Announces Partner Promotion

     14th June 2016 TechAccess, the leading value added distributor in the Middle East, North Africa, LEVANT, Pakistan and Afghanistan has just unveiled its Unify SME Initiative and new promotion to partners. An update session, which was held at the Sheraton Hotel in Dubai, introduced partners to the new initiative... 

Rexus Trading Driven to Innovate - innovating to grow!

     10th June 2016 Valve designer and manufacturer Rexus Trading has delivered the first of two export orders to Abu Dhabi in the United Arab Emirates, says Rexus Managing Director Allistair Balutto, adding that the orders are for their large bore AirFlo Variable Orifice air valves and KII couplings and flange... 

Saudi power firm ACWA eyes S African projects despite currency concerns

By: Reuters     9th June 2016 Saudi-based ACWA Power expects to win further business in South Africa this year as the power plant developer rides out concerns about the country's currency to tap into its need for more electricity, the firm's chief executive told Reuters. South Africa's economy has been hit hard by a... 

Dubai-based solar firm pursuing 650 MW African project pipeline

By: Terence Creamer     8th June 2016 Solar energy company Phanes Group, of the United Arab Emirates, reports that its African project pipeline currently exceeds 650 MW, including a 150 MW project under development in South Africa, where it recently opened a regional office. The Johannesburg office is the Dubai-headquartered firm’s... 

Blom re-elected WFDB president, Israel’s Dvash appointed VP

By: Samantha Herbst     7th June 2016 The World Federation of Diamond Bourses (WFDB) has re-elected president Ernie Blom for a third consecutive term, though it decided to replace VP Julien Drybooms with Israeli Diamond Exchange President Yoram Dvash, following unanimous votes at the recent thirty-seventh World Diamond Congress, in... 

'Twisting' Vitreous Enamel Cladding For Oman Airport Tower

     27th May 2016 Ekurhuleni-based Vitrex designed and  supplied unique 'twisted' vitreous enamel the Air Traffic Control (ATC) Tower at Muscat International Airport in the Sultanate of Oman. Vitraclad heavy gauge panels, exported by Vitrex to cover around 4 000m2 of the fins of the Tower, were installed by the... 

New African automotive body to offer support to aspirant manufacturers

By: Irma Venter     20th May 2016 The initial focus of the newly formed African Association of Automobile Manufacturers (AAAM) will be to assist countries wishing to participate in the automotive value chain to implement the appropriate legislation and regulations that will allow the automotive industry to thrive on the... 

Transparency equals bankability, World Diamond Congress hears

By: Martin Creamer     19th May 2016 The large number of bad-debt bankruptcies in the diamond industry in recent years was aired on the second day of the 37th World Diamond Congress in Dubai, where much emphasis was again placed on the critical need for financial transparency. De Beers commercial development head Howard Davies drew... 

World diamond body emphasises need for transparency 

By: Martin Creamer     18th May 2016 Transparency, responsibility and sustainability are at the heart of the discussions at the thirty-seventh World Diamond Congress, which is taking place in Dubai. "From mining to diamond cutting and polishing, and from jewellery making to retailing, we must ensure that we’re all working in a fair... 

Renewable-energy prices reach low of $0.03/kWh 

By: Kim Cloete     18th May 2016 New technologies and the rapid rise of renewable energy have shaken up the global energy landscape, with prices falling to below $0.03/kWh. “We are now in the world of three cent renewable energy,” said Bloomberg New Energy Finance UK advisory board chairperson and founder Michael Liebreich. 

Blockchain Conference set to Heat Up Dubai

     17th May 2016 Keynote Events has announced its first Blockchain Technology Conference in Dubai, at the Burj Al Arab on May 30, 2016. Over the last five years an experiment called Bitcoin has created and proven a new kind of financial technology: The Blockchain. The Blockchain is a new, smarter way to automate... 

Gupta’s Oakbay Resources gets new CEO

By: African News Agency      17th May 2016 Oakbay Resources on Tuesday announced a new CEO following the abrupt resignation of Varun Gupta from the position last month. “Oakbay Resources is pleased to announce that, following a Nominations Committee process, the Board has appointed Mr Jacques Roux as the CEO of the Company with immediate... 

KZN, WC to have desalination plants in place within months 

By: Shirley le Guern     16th May 2016 Package desalination plants are likely to be in place on both the KwaZulu-Natal and Western Cape coasts within months, Department of Water and Sanitation director-general Margaret Diedericks and KwaZulu-Natal MEC for Corporate Governance and Traditional Affairs Nomusa Dube revealed during the... 

Dubai Diamond Exchange to host ‘Alternatives of Diamond Financing’ seminar tomorrow

     16th May 2016 The Dubai Diamond Exchange, a DMCC platform, is hosting its 2nd Dubai Diamond Finance Seminar on ‘Alternatives of Diamond Financing’ 5pm tomorrow at 17 May 2016 at the Almas Conference Centre, Dubai, UAE. To be integrated into the 2nd day of the 37th WFDB World Diamond Congress and hosted by... 

Guptas' Dubai move puts Treasury in spotlight

By: News24Wire      10th May 2016 National Treasury is facing a transparency test, according to David Maynier, Democratic Alliance (DA) spokesperson on finance. Maynier said he still hasn’t had word on whether the Financial Intelligence Centre (FIC), which falls under National Treasury, was conducting an investigation into the... 

India launches investigations into illegal coal imports

By: Ajoy K Das     27th April 2016 India has launched country-wide investigations into coal importers over-invoicing and resorting to illegal cross-border funds transfers, which have been estimated at around $5.3-billion. Senior government officials said that over-invoicing of coal imports and illegal non-banking channel funds... 

Whitfield, Nemeth to tackle growth obstacles through new African auto body

By: Irma Venter     21st April 2016 The initial focus of the newly formed African Association of Automobile Manufacturers (AAAM) would be to assist countries wishing to participate in the automotive value chain to implement the appropriate legislation and regulations that would allow the automotive industry to thrive on the... 

Guptas' staff appeal to banks to save their Oakbay jobs 

By: News24Wire      20th April 2016 About 7 500 employees at Oakbay Investments will lose their jobs at the end of May if the Gupta-owned company’s bank accounts remain closed, staff at the company wrote in an open letter to banks on Wednesday. In a letter addressed to Barclays Africa CEO Maria Ramos, FNB CEO Jacques Celliers,... 

I did not meet Guptas in Dubai – Van Rooyen 

By: News24Wire      11th April 2016 Cooperative Governance and Traditional Affairs minister Des Van Rooyen did not meet any of the Guptas during a trip to Dubai last year, his spokesperson said on Sunday. “He says he didn’t meet the Guptas,” said departmental spokesperson, Tsakani Baloyi. “He has indicated that he maintains that it... 

Flexibility Reaps Rewards For Oem And Quarries

     4th April 2016 It is not only large blue-chip mining companies that are opting for a premium product and technical after-sales support from Weir Minerals Africa. Small mining operations in its sub-Saharan African and Middle East territories are also partnering with the original equipment manufacturer (OEM).... 

EOH focuses on expansion, after posting strong results

By: Schalk Burger     1st April 2016 Information technology and services firm EOH has posted strong interim results for the period ended December 31, 2015, and is accelerating its use of joint ventures and acquisitions to expand its presence beyond South Africa. The firm grew revenue by 30% to R6-billion, operating profit by 35% to... 

Dubai firm to establish ‘largest’ asset in South Africa

By: Natasha Odendaal     30th March 2016 Dubai-based Centaur Group has completed the acquisition of two South African coal prospecting rights near Ermelo and is preparing to develop it into the global investment holding company’s largest single asset. The proposed Mpumalanga-based De Roodepoort mining project, which would become the... 

Dow Water & Process Solutions asserts commitment to long term development of water industry

     22nd March 2016 Dow Water & Process Solutions, a global leader in sustainable water separation and purification technologies, celebrates World Water Day by focusing on advancing the industry and continued investment in water related technologies, partnerships, and people development. In line with this year’s... 

Dmg events acquires Exhibition Management Services (Pty) Ltd South Africa

     22nd March 2016 One of the world’s leading event companies, dmg events, has announced the acquisition of long established Pan African exhibition organiser Exhibition Management Services Pty Ltd (EMS) – headquartered in Johannesburg, South Africa. dmg events is a wholly owned subsidiary of the Daily Mail &... 

Four New Market Members Join globalCOAL

     22nd March 2016 GlobalCOAL® announced today that four new Market Members have joined its international trading community. Based in Dubai, Ferrocadia DMCC is an international natural resources trading house. They have more than 20 years’ experience in the trade of physical and financial commodities, with a focus... 

SA is Africa's hub of private banking – report

By: News24Wire      21st March 2016 South Africa is the hub of private banking in Africa with holdings worth about $72bn, according to a recent report. A Research and Markets report entitled The Africa 2016 Wealth Report identifies South Africa - mainly Johannesburg - as the continent's biggest centre for private banking. The... 

Petroplan expands its African offering

     10th March 2016 Petroplan is delighted to announce its expansion into Mozambique, having received its official business license earlier this month. The Maputo-based team, which is working with one of sub-Saharan Africa’s leading oil and gas companies, will be supported by existing Petroplan offices in London,... 

Fortinet Appoints Zacky Vaz as Channel Manager for the UAE, Oman and Qatar

     7th March 2016 Zacky has extensive channel expertise, and will work with Fortinet's partners to ensure that Small and Medium Businesses are protected from threats and cybercrime. Fortinet®, a global leader in high performance cyber security solutions, has appointed Zacky Vaz as its Channel Manager for the UAE,... 

10 MW Uganda solar plant to begin producing in July

By: John Muchira     4th March 2016 Uganda is set to add 10 MW to the national grid in July, when a new solar plant to be built by Middle East and Spanish investors is expected to come on stream. Dubai-based Access Energy Group and Eren RE have awarded TSK Group of Spain the contract to construct the $19-million Soroti solar... 

AHEC outlines ‘forward thinking’ strategy to open up new market opportunities for American hardwoods

     10th February 2016 Collaborations, installations, seminars, workshops and sustainable design initiatives to comprise the major elements of AHEC’s campaign The American Hardwood Export Council, the leading international trade association for the American hardwood industry, has outlined its forward thinking strategy... 

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