As much as 84 per cent of sales of UAE pharmaceuticals producer Julphar come from export markets, the company has revealed. Sales amounted to Dh1.47 billion ($400.11 million) in 2015, up 6 per cent compared with the previous year. Net profit was Dh226.65 million, a 12.
A deal has been signed with a UAE authority to build the nation’s largest tissue paper manufacturing facility that will serve markets in the GCC states.
The UAE’s Ducab will for the first time export its nuclear power-qualified cables following an order it received from the Korean Hydro-Nuclear Power Company (KHNP). Ducab’s NuBICC range, devised for nuclear power, will be used in the Shin Hanul 1 and 2 Nuclear power plant now under construction.
A new steel plant planned for Mussafah, Abu Dhabi, will cater to UAE demand and fulfil some of the surging requirements of the Middle East, the project’s promoters say.
UAE-headquartered United Kaipara Dairies (Unikai) will have Qatar Foods & Services distributing its products in the country following an MoU the two parties signed recently.