Dubai Completes Solar Plant to Power 50,000 Homes

dubai_solar_park

Second phase of the Mohammed bin Rashid Al-Maktoum Solar Park includes 2.3m solar panels

Dubai on Monday completed a solar plant big enough to power 50,000 homes as part of a plan to generate three-quarters of its energy from renewables by 2050.

The 200 megawatt plant sprawls over 4.5 square kilometres (1.73 square miles) of desert and includes some 2.3 million photovoltaic panels.

It is the second phase of the Mohammed bin Rashid Al-Maktoum Solar Park, which is set to pump out a total of 1,000 megawatts by 2020, the Dubai Electricity and Water Authority said.

The $326 million second phase was built by a consortium including Saudi Arabia’s ACWA Power and Spain’s TSK.

DEWA chief Saeed al-Tayer said the operators would sell power to the public utility company.

The project is the “largest and first solar power project of its kind in the region”, he said.

“The state has begun early in preparing to say goodbye to the last drop of oil, through a clear strategy including investments in power generation plants that use various solar power technologies,” Tayer said.

The solar park’s first phase came online in 2013, with 152,000 panels producing 13 megawatts.

DEWA said in December the second phase of the project had set a world record for cheap solar energy, at 5.6 US cents (5.2 euro cents) per kilowatt hour.

Last year, DEWA awarded the third and final phase of the project, an 800 megawatt extension to the park, to a consortium led by Abu Dhabi’s Masdar.

The Gulf emirate currently has a total generating capacity of 10,200 megawatts, Tayer said.

Dubai is part of the oil-rich United Arab Emirates, but has few oil reserves itself.

The bulk of crude production is concentrated in Abu Dhabi.

Originally published by Arabian Business.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialised units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

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MENA Region Has More Than 5.7 Gigawatts Solar In Pipeline

photodune-huge-washbasin-qatar

Middle East and North Africa remains hotbed of solar power development with more than 5,700 megawatts of capacity under development.

The Middle East Solar Industry Association (MESIA) recently reported that eight countries in the region have more than 4,050 megawatts of solar photovoltaic power capacity under development. Adding concentration solar power capacity increases the pipeline to 5,700 megawatts.

MESIA notes that 885 megawatts capacity is currently operational across the region. 3,618 megawatts capacity is under construction. Projects being executed in Morocco, Egypt and United Arab Emirates  (UAE) likely contribute the most in this segment.

Morocco has several solar power projects operational at its Noor-Ouarzazate complex. In the UAE, 100 megawatts Shams-1 CSP project is operational and remains the largest project in the country. Construction on 200 megawatts solar PV capacity at Mohammed bin Rashid Al Maktoum Solar Park is at full swing while construction on another 800 megawatts at the same park is expected to begin soon. A 350 megawatts solar PV project was awarded in Abu Dhabi; the project will be expanded to 1,200 megawatts in the near future.

Construction of 1,800 megawatts solar PV capacity is underway at Aswan, Egypt. Agreements by several foreign companies have been signed already.

Jordan is seeing increased activity in the solar power market with several projects under construction. The government there is planning to launch more tenders soon.

Smaller countries like Oman and Kuwait are also planning large-scale solar power projects.

The new entrant in the region’s solar power market will be Saudi Arabia. The country has announced plans to issue tender for 300 megawatts of solar power capacity soon.

Originally published by CleanTechies.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialised units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

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Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
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Could UAE Solar Push Lead A Trend For the Gulf?

As the Gulf states take steps to expand their use of clean energy, a bold plan by the United Arab Emirates to boost its use of renewable electricity from less than 1 percent to 24 percent in the next five years could be a game-changer for the region, experts say.

Much of the world is moving away from oil for its electricity generation, according to the International Energy Agency (IEA), which says that globally the fossil fuel has dropped from a 25 percent share to 3.6 percent over the last four decades.

Countries in the Middle East, however, have been bucking the trend. The IEA predicts that by 2019, the region – which holds one-third of the world’s proven crude oil reserves – will still be generating nearly one-third of its electricity from oil, with Kuwait and Saudi Arabia leading the way.

But dropping oil prices and growing concerns about climate change have exposed the downsides of relying on oil. As the Gulf’s demand for power continues to rise, the UAE is leading the way in shifting to greener energy resources.

“The implications of unmitigated climate change for the UAE make its cities unbearably hot, water even more scarce and the region more unstable,” Rachel Kyte, the CEO of the United Nations’ Sustainable Energy for All initiative, told the Thomson Reuters Foundation.

“Action alone and collectively to live in balance with the planet is fundamental for UAE’s future prosperity,” she said.

SOLAR GIANT?

At the Middle East and North Africa Renewable Energy Conference in Kuwait in April, the Gulf Cooperation Council (GCC) states – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – pledged to mobilize $100 billion into renewable energy projects over the next 20 years.

One of the projects in the UAE’s renewables push is the $13.6 billion Mohammed bin Rashid Al Maktoum Solar Park in Dubai, which aims to become the biggest solar power plant in the Middle East.

It is expected to generate 5 gigawatts of electricity – enough to power 1.5 million homes – by 2030.

Dubai also plans to install around 100 electric car charging stations as part of its Green Charger Initiative.

By 2050, Dubai wants to reduce its carbon emissions by 6.5 million tons every year, with the aim of becoming the city with the world’s lowest carbon footprint, according to the Dubai Electricity and Water Authority.

Meanwhile, Saudi Arabia has said it wants to add another 9.5 GW of renewable energy capacity to its current capacity of 80 GW by 2030, and Oman’s power sector regulator, the Authority for Electricity Regulation Oman, has announced it will expand rooftop soar installations across residential homes, industrial and commercial buildings.

In Qatar, French energy giant Total SA has announced a joint venture worth $500 million with state-run petroleum, electricity and water companies to develop a solar-power project with a capacity of 1,000 megawatts (MW).

And with a 70 MW solar project due to be operational by 2017, Kuwait plans to meet 15 percent of its energy needs with renewables by 2030, according to the Kuwait Institute of Scientific Research.

“Diversification is key,” said Kyte. “The speed with which previously oil-dependent countries embrace diversification will be a factor in how well they thrive during the energy transition that is now underway.”

GROWING DEMAND FOR POWER

It won’t be easy for the Gulf to wean itself off of fossil fuels. In a report released earlier this month, the Arab Petroleum Investments Corporation, a multilateral development bank, said the Gulf Cooperation Council states need to add 69 GW of electrical production to their current total capacity of 148 GW in the next five years to meet demand.

Member states currently rely on hydrocarbon exports for 80 percent of their revenue. The global collapse in oil prices has rocked the region, which lost $287 billion in oil export income – almost 21 percent of GDP – in 2015, according to the International Monetary Fund.

But experts say the sunny region is in a prime position to use renewable energy – particularly solar power – both to meet its own energy needs and bring in much-needed revenue.

The region already has some of the infrastructure it needs to become a major clean-power hub. The Gulf Cooperation Council countries are linked by a 1,200-km electrical grid, built to help provide backup power in case of a blackout in one part of the system.

Expanded to other countries, that electricity highway could be the backbone of future power trading, experts say.

“The Gulf has an exportable resource in solar energy that could eventually be on a comparable level to oil and gas,” said Jonathan Walters, a former director at the World Bank.

“Low oil prices might impel Gulf countries to find alternative exports,” he said. And if prices rise again, domestic use of solar could soar, he said.

Experts said they hope the rest of the Gulf States will look to the UAE as an example of how to tap into clean energy’s potential.

“Low oil prices … and the need for clean air and secure supply chains of food and water all reinforce the wisdom of the UAE in taking a long-term view and moving to be a leader in renewable energy and energy productivity,” Kyte said.

“Now we hope the UAE can share its lessons in the GCC and across the developing world,” she said.

Originally published by Reuters – with credit to the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers humanitarian news, climate change, women’s rights, trafficking and property rights. Visit news.trust.org/climate.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialised units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
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Dubai Airport August Traffic Up 9.5% – Investment Advice from CWIIL Group of Companies

Dubai International Airport’s passenger numbers rose 9.5 per cent in August, its operator said on Wednesday, as capacity rose and residents returned from Eid holidays through one of the world’s busiest airport by international traffic.

Traffic rose to 7.28 million passengers from 6.65 million a year earlier, the airport operator said, taking the total so far this year to 52.3 million, up 12.4 per cent.

Growth in traffic was propelled by inbound traffic of residents returning from late-July Eid holidays, as well as by increased capacity to regions of North America, Russia and Commonwealth of Independent States by airlines Emirates and flydubai.

The heaviest traffic was on routes to the Indian subcontinent and the United Kingdom.

Cargo volumes rose 5.3 per cent in August to 207,427 tonnes. Some cargo operations have moved to Al Maktoum International – Dubai World Central (DWC).

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all matters relating to investment ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
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The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Abu Dhabi-Backed Fund Raises $992m to Invest in Japan – Investment Advice by CWIIL Group of Companies

The Carlyle Group, the US private-equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, has raised 119.5 billion yen ($992 million) for its third fund dedicated to investments in Japan.

Carlyle said it has already used money from the new fund, Carlyle Japan Partners III, to invest in several firms including Oyatsu Company Ltd, which makes noodle snacks sold under the “Baby Star” brand. Carlyle’s investments in Japan are now focused on small and medium-sized companies.

Carlyle Group was founded in 1987. Abu Dhabi wealth fund Mubadala bought its 7.5 percent stake the company in 2007.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all matters relating to investment ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
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The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

HSBC Middle East to Move Head Office to Dubai from Jersey – Specialized Advice from CWIIL Group

HSBC Holdings’ Middle East business is to move its head office from Jersey to Dubai’s financial free zone next year, the bank said on Thursday.

Mohammad al-Tuwaijri, deputy chairman and chief executive of HSBC in the Middle East and North Africa, said the bank had been considering the move for some time.

He said in a statement it made sense for HSBC Bank Middle East’s business to be regulated in Dubai.

The bank said the move, which means it will be regulated by the Dubai Financial Services Authority, would not affect its customers or its regulatory relationships in other countries outside of the United Arab Emirates.

The Dubai International Financial Centre, set up in 2004, has its own labour laws and court system separate from the wider UAE.

Since opening, it has become the most prominent financial hub in the Middle East, with many international banks, law and advisory firms and insurance companies using it as their regional base. HSBC Private Bank has been based there since 2006.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all matters relating to investment ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
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Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Dubai’s Union Properties Seeks $123m Loan to Fund New Project – Investment Advice by CWIIL Group

Dubai developer Union Properties is in talks to obtain a loan of up to about $123m to fund a 271-unit project in the emirate, a senior executive said on Thursday.

The company, Dubai’s fourth-largest listed real estate firm by market value, will also launch a tender for the construction contract of its Oia residential development next month, Ahmad al-Marri, Union Properties general manager told Reuters.

He predicted this would be awarded in January or February 2016.

Union Properties is in talks with a United Arab Emirates bank to borrow up to about Dhs 450m ($123m) to fund the building cost of Oia, said Marri. He declined to identify the lender.

“This is still under negotiation — we’ve not yet reached an agreement,” he said. “We will maybe reduce the amount because if we’re starting to sell off-plan that will cover part of the construction costs.”

Off-plan sales are of property units that have yet to be built. Sales will likely begin in the second quarter of 2016, said Marri.

The loan is likely to be signed in mid-2016, while the Oia project will be finished in 2018, Marri added.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all matters relating to investment ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

UAE Expects Strong Economic Growth – Professional Business Consultancy From CWIIL Group of Companies

The United Arab Emirates expects strong growth this year after its economy expanded by 4.6 percent last year, Prime Minister Sheikh Mohammed bin Rashid al-Maktoum said.

“We expect to continue to achieve strong growth in 2015,” Sheikh Mohammed, who is also the ruler of Dubai, said in a note on the state of the UAE economy, adding that the non-oil sector had experienced positive growth in the first quarter and highlighted a “continuing rise in government spending and the increase in government and private capital.”

However, inflation in Dubai in May jumped to 4.7 pct, the highest since May 2009.

Sheikh Mohammed stressed that the UAE, which is the world’s sixth-largest producer of crude oil, would “adhere to its long-term strategy to diversify its national economy.” He noted that the non-oil sector grew 8.1 percent in 2014 and that its contribution to the economy had reached 68.6 percent. “We have put in place all the necessary plans to take that contribution to as high as 80 percent in 2021,” he said.

This would be done “through intensive investment in the industrial and tourism sectors, air and maritime transport, import and re-export, as well as supporting a range of projects and initiatives based on the knowledge economy,” he added.

The financial sector posted a gain of 15 percent in 2014, while tourism continued to grow with some 20 million tourists visiting the country, he said.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all matters relating to investment ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

UAE August Non-Oil Business Growth Climbs To Six-Month High – Business Consultancy By CWIIL Group

Business activity growth in the United Arab Emirates’ non-oil private sector accelerated in August to a six-month high, a corporate survey showed on Thursday.

The seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index, which covers manufacturing and services, rose to 57.1 points last month from 55.8 in July. A level above 50 indicates expansion.

“The sharp rise in the UAE PMI in August confirms our view that Ramadan likely contributed to the softer readings in June and July,” said Khatija Haque, head of regional research at Emirates NBD. The Muslim holy month of Ramadan, when some business traditionally slows, fell in June and July this year.

Output growth surged to 63.1 points in August from 60.0 in July, while new orders rose to 61.3 from 60.2. Growth in new export orders, however, slowed sharply to 54.4 points.

“Encouragingly, new orders and output growth readings remain high, suggesting strong domestic demand. Slower growth in export orders last month may reflect the impact of currency appreciation relative to other emerging markets,” Haque said. The UAE dirham is pegged to the U.S. dollar, which has been strong.

Employment growth slowed slightly but remained positive. Output prices fell for the second month in a row, with the index at 49.2 points, but input price inflation was positive and picked up slightly.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all matters relating to investment ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

How Female PhD Students Are Driving Business Growth In The Middle East – Specialized Advice From CWIIL Group

The head of Brunel Business School explains how a new PhD programme is creating a generation of female business leaders and driving a knowledge economy.

Women are important for economic growth,” says Bahraini student Najma Taqi. “A female contribution to addressing business issues is a must.”

For women in the Middle East, having a strong voice on the culture of business and making a genuine contribution to change and development isn’t straightforward. Studying overseas continues to run against the grain, so women from the region haven’t been able to benefit from the academic rigour, latest thinking, and kind of culture of intellectual exploration found in Western universities. Yet it’s this kind of validation from leading institutions that is all-important for getting the business world, and governments, to pay more attention to the female perspective and its importance.

Business in the region has been cut off from new perspectives and thinking from women involved in high-level research. But Taqi is one of the people who are starting to make a difference, as one of the early participants in a British PhD programme delivered locally with a university in Bahrain.

“I wanted to know more, I wanted to figure out things, get off the beaten path and work my own way through the woods,” Taqi explains. “I’ve never responded well to authority and being able to work on a higher research project has given me all the freedom I like. It’s the ideal situation for me.”

It’s a PhD “without residence”, so expertise is both flown in from Brunel Business School (part of Brunel University) and based locally at Ahlia University, with just one trip to London for the oral defence of their thesis. Half the participants (recruited from across the region, including Kuwait, Saudi Arabia and the United Arab Emirates) are women: a much higher proportion than we’d expect for this type of higher research degree.

Many of the female participants also need to combine a PhD with careers, as well as responsibilities as wives and mothers which can’t always be juggled or compromised within the region’s culture. Ebtesam Al-Alawi is a working mother who also runs her own business.

“With my hectic schedule, being forced to face life’s daily obstacles and be an active member of society, I have needed the constant support available to make it possible for me to commit to the programme. It’s no surprise that drop-out rates on PhDs are so high.”

The programme is distinctive from part-time programmes or lone researchers. Instead, there is a “cohort”, a group of researchers who start and finish at the same time, which allows for a research community to form and support each other throughout the process.

Al-Alawi’s research has focused on the general lack of understanding of the role women play in business.

“Theories on the creation of businesses have been formulated and tested on male entrepreneurs and don’t reflect women’s processes and organisational styles,” she said. “Serious research is needed to consider the problems faced by women entrepreneurs, their administrative practices, their abilities for achieving success, gender differences, conflicts between their roles in their business and their families, and the vision they have for their enterprises.”

Keeping research activity and focus local also means research topics themselves can be concentrated on regional issues that matter to individuals and their organisations. The programme attracts topics that are relevant to the region and since the students don’t relocate, the knowledge stays in the region and helps create a knowledge economy that promotes growth.

In this case, we have seen thesis topics such as women on corporate boards, community leadership in a new democracy, national culture and knowledge management, the role of emotional intelligence in improving intercultural training, and religion and corporate philanthropy.

This kind of “intellectual aid” from the UK will be important in the bigger picture of longer-term relationships and stability. Getting women’s ideas, insights and perspectives across, and woven into the fabric of business thinking will help avoid the dangers of an academic black hole in the Gulf. It will also mean we find ourselves with more in common and better able to share opportunities in both directions.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all matters relating to investment ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.