Borouge Launches New Study
Arab News
DUBA, 10 October 2006I — Borouge yesterday announced the launch of a study to examine the feasibility of a major new expansion of its petrochemical complex in Ruwais, Abu Dhabi to produce and market base chemicals for the first time.Based on benzene and propane feedstock supplied by Borouge’s joint venture co-owner ADNOC, the new project will include world scale propane dehydrogenation and cumene-phenol plants, as well as several other downstream units.
DTCM Supports Leading Travel Agency
Arab News
DUBAI — Dubai Department of Tourism and Commerce Marketing (DTCM) has extended its support to the UAE’s leading travel agency, Planet Travel & Tours, for hosting a conference in Dubai for its Russian counterpart, Capital Tours. The conference will take place from October 8 to 10 at Habtoor Grand Hotel in Jumeirah. “This conference will enable the tour operators to send more visitors to the emirate. Dubai is a destination of choice for an increasing number of Russian and CIS visitors,” said Khalid ibn Nassar, DTCM executive for overseas promotions.
TECOM Adopts Development Policy
Arab News
DUBAI — TECOM Investments yesterday announced it has adopted a “Sustainable Development Policy”, a unique new initiative that applies world-class social and environmental standards to the organization’s activities. The policy has been designed to align all of TECOM’s operations to global standards of sustainable development. Announcing the policy, Abdullatif Al-Mulla, CEO of TECOM Investments said the initiative forms part of Dubai’s larger vision for sustainable development. “Conforming to superior business standards and supporting the society that we live in is part of TECOM’s culture. As a leader in the region’s knowledge industry sector, we recognize our responsibility to the community and to the environment. This is a policy that our employees and business partners can be proud of.”
CBI Offers Car Loan Product
Arab News
DUBAI — Commercial Bank International (CBI) has stormed into the banking services market with a cutting-edge car loan product offering that carries the lowest interest rate in the market at 3.75 percent. Speaking on the offer, Mahdi Kilani head of Retail Banking Group , at CBI, said, “A car loan with the lowest interest in the market is a concrete implementation of our strategy which will not only make our customers happy, but also give us the leverage to command a better and stronger presence in the market.” CBI’s lowest interest rate on its car loan offer comes packed with added benefits.