Kizad launches base for plastic manufacturing

Dubai: Khalifa Industrial Zone Abu Dhabi (Kizad) launched on Sunday a Polymers Park, which is planned to be a manufacturing base for the downstream plastics industry. The Park is expected to attract $1.5 billion in foreign direct investment over the next four to five years. Located in Abu Dhabi, the Park is set to produce […]

Geo-political issues unlikely to affect UAE growth, expert says

Abu Dhabi: Geo-political developments are unlikely to moderate the economic growth of the UAE, a trend in line with IMF projections of growth in the country in 2018 and 2019, a senior official has said. Juma Mohammad Al Kait, assistant under-secretary for Foreign Trade Affairs at the Ministry of Economy said the “positive outlook for […]

Japan mulls action to avoid seizure of steel assets in South Korea

Tokyo: Japan will consider countermeasures to protect Nippon Steel & Sumitomo Metal Corp. assets from seizure in South Korea sought in response to a wartime forced-labour complaint, Prime Minister Shinzo Abe said. It’s “very regrettable that former workers from the Korean Peninsula are taking action for seizing the assets,” Abe told national broadcaster NHK’s “Sunday […]