Production

Deloitte finds executives optimistic about Industry 4.0, but lacking confidence in their organizations’ influence and preparedness

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Global research explores C-suite views on readiness for the impact of the Fourth Industrial Revolution on society, strategy, the workforce and technology investments DAVOS, Switzerland, Jan. 22, 2018 /PRNewswire/ — Senior business executives and government agency leaders from around the world lack confidence in their organizations’ readiness to influence and harness the opportunities offered by the […]

Baltic Exchange: Capesize Index Suffers Further Losses

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CapesizeThe week ended with further losses on all the routes, as the published Cape 5TC value now stands at US$11,571 which is over US$5,500/day under the value at the start of the week. The ore rates from Brazil lost almost US$2 with vessels fixing in…

UAE high-level delegation to participate at Davos Forum

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DUBAI, A high-level UAE delegation, comprising ministers, officials and company CEOs, will participate in the World Economic Forum to be held at the Davos Resort, Switzerland from 23 to 26 January 2018. The Forum will be focusing on the theme, “Creatin…

Hamed bin Zayed visits Abu Dhabi Sustainability Week

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H.H. Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, today visited Abu Dhabi Sustainability Week, ADSW 2018, at the Abu Dhabi National Exhibition Centre, ADNEC.During his tour, Sheikh Hamed bin Zayed, while accompanied by…

Fujairah oil product stocks rise 14% on week

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Total refined oil product stocks at the Port of Fujairah stood at 17.412 million barrels in the week to 8th January, up 13.5% from the previous week, and setting a three-month high, as all three distillate categories rose, according to the latest data …

Public warned of sea disturbances

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ABU DHABI, The National Center of Meteorology (NCM) has warned sea-goers in the Arabian Gulf against sea disturbances until dawn tomorrow.In a statement today, the NCM forecast sea disturbances in the depth coupled with fresh air wind, with wave hittin…