Wednesday 16 October 2019

Dewa inks deal with Alibaba for blockchain, IoT

Dubai Electricity and Water Authority (Dewa) said it has signed a MoU with Alibaba Cloud, the data intelligence backbone of Chinese e-commerce giant Alibaba Group as part of the utility's ongoing efforts to enhance its digital services.    As per the Mo


Masdar consortium launches $330m wind farm in Serbia

Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, said a consortium led by the company has inaugurated Cibuk 1, the largest utility-scale commercial wind project in Serbia and the Western Balkans.  


Manrre real estate fund nets 12.5pc annual returns

The Manrre Real-Estate Fund, managed by a Dubai-based alternative investment platform Dalma Capital, has generated a total annualised return of 12.5 per cent - including an 11.9% coupon paid to shareholders and a 0.6% increase in NAV per share - significantly outperforming the benchmark


Bipex to host PropTech hackathon in December

The Bahrain International Property Exhibition (Bipex) has joined hands with Bahrain FinTech Bay, the region's largest FinTech hub, to launch the PropTech hackathon for university students and industry experts within the real estate market. The move is aimed at stimulating cut


Vinci names new global head for environment

Vinci, a global player in concessions and contracting, has appointed Isabelle Spiegel as the new head of its Environment Department. In her new role, she will report to Pierre Coppey, Executive Vice-President of Vinci, and her assignment will be to implement Vinci’s new env


Abu Dhabi summit puts spotlight on sustainable road projects

The need for driving change for sustainability, connected and automated vehicles and road safety were among the topics addressed during the fifth and final day of the 26th World Road Congress in Abu Dhabi. Continuing the momentum of the previous four days of high-level discussion


Saudi Ports to set up giant integrated logistics zone

Saudi Ports Authority is planning to set up the country's largest integrated logistics zone as part of its plans to make the kingdom a hub in the trade exchange movement, especially between the continents of Europe, Asia, and Africa. The logistics zone will be built in phases


Fluor completes pipe spool fabrication for KIPIC

Fluor Corporation said that its joint venture COOEC-Fluor Heavy Industries has completed the pipe spool fabrication portion of its scope of work in support of the Kuwait Integrated Petroleum Industries (KIPIC) Al-Zour project in Kuwait. To achieve this milestone, COOEC-Fluor fabr


Oman announces plans to build $1.4bn medical city

Oman's health ministry has announced plans to build the sultanate's first medical city over a sprawling 5-million-sq-m area in the Barka region. The project, being developed at a cost of RO479 million ($1.24 billion), is yet another initiative under the country’s Tanfeedh


L&T wins contract to build 220kV substation in UAE

Indian engineering and construction firm Larsen & Toubro (L&T) has announced that one of its units has been awarded a key power project contract by a government utility in the UAE. Under this contract, the L&T's power transmission and distribution unit will be des

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