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Gulfood attracts 5,000 exhibitors
DUBAI: The Middle East Food and Beverage (F&B) industry registers strong growth as global players see a potential for business prospective in the region. In the UAE alone the F&B market is expected to reach Dhs82 billion mark by 2020, according to statistics from the Euromonitor International. The growth is attributed to various factors such as rising tourism numbers, emerging hospitality industry and the high consumer spending
 
 
France confirms commitment to Expo 2020 Dubai
DUBAI: France, which gave the world one of the most enduring symbols of World Expos, the Eiffel Tower, has confirmed its commitment to Expo 2020 Dubai, joining a growing number of nations who have publicly announced their participation. According to a press statement from Expo 2020 Dubai, the UAE and France share a history of strong bilateral ties and these close links were further strengthened on Sunday when France officially
   
Lagarde advises Arab states on revenue generation
ABU DHABI: The Managing Director of the International Monetary Fund (IMF) Christine Lagarde recently provided recommendations to develop a medium-term strategy that would enable Arab countries to generate government revenues to support growth. “Gradual fiscal consolidation and vigorous implementation of structural reforms will help the UAE economy adjust to lower oil price,” Lagarde said in a statement at the conclusion of
 
 
Dewa to build 97 new substations to meet future energy demand
DUBAI: Dubai Electricity and Water Authority (Dewa), has announced plans to build 97 new 132/11 kilovolt (kV) substations over the next three years, at a projected cost of Dhs10 billion. “This supports the directives of the wise leadership, and shows DEWA’s commitment to meeting growing demand for energy in Dubai,” the authority said, adding that the new substations will be located at Hassyan, the Mohammed Bin Rashid Al Maktoum
   
PSX to sell 20 per cent stake to general public
KARACHI: Contrary to market expectations, the Pakistan Stock Exchange (PSX) is considering offering its shares to the general public at a price higher than the one at which it sold 40 per cent stake to strategic Chinese partners in December 2016. The PSX sold 320 million shares, amounting to a 40 per cent stake, to a Chinese consortium at Rs28 per share through competitive bidding, translating into a sum of Rs8.96 billion
 
 


 
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