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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Ras Al Khaimah’s first organic fertilizer project to cost $20m

Uterra has acquired a land plot of approximately 33,000 m2 in Al Ghail Industrial Zone to build a sustainable biosphere cluster.
  • The company will also carry out research on the creation of unique methods of cultivating plants, medicinal and valuable fungi
  • It will also be farming fruits, vegetables and berries, both indoors and outdoors, and conduct organic animal husbandry

Ras Al Khaimah, UAE – Ras Al Khaimah’s is building its first organic soil fertilizer project at a cost of $20 million. Being built by Uterra Middle East Agro Industries, the project aims to transform agriculture, address environmental challenges and promote sustainability

A part of a multi-national UniPax Investment Group, Uterra has acquired a land plot of approximately 33,000 m2 in Al Ghail Industrial Zone to build a sustainable biosphere cluster. The company will produce high-efficiency micro-biological organic fertilizer for agriculture and carry out research on the creation of unique methods of cultivating plants, medicinal and valuable fungi. It will also be farming fruits, vegetables and berries, both indoors and outdoors, and conduct organic animal husbandry.

The Uterra project implementation in the UAE aims to address several key objectives: Besides producing organic fertilizers, the ‘uTerra’ branded products will be developed without the use of pesticides. They will have zero amount of harmful chemicals and genetically modified organisms (GMOs), promoting natural and healthy food sources