Wednesday 20 June 2018

Latitude Consultancy set for merger with Dubai firm

Latitude Consultancy, a leading British company in the investment migration industry, has announced its plans for a merger with RIF Trust Investments, a Dubai-based citizenship-by-investment leader in the GCC region. The merger will expand Latitude’s international network t


Bell, Safran to develop hybrid electric power solutions

Bell Helicopter, a Textron Inc. company, announced at the Future of Transportation World Conference a newly formed collaboration with Safran on the development of innovative hybrid electric power system solutions to support Bell’s vertical take-off and landing (VTOL) aircraft concept.


FedEx orders 24 Boeing medium, large freighters

Boeing and FedEx Express have announced a new order for 12 767 freighters and 12 777 freighters, reflecting the confidence of the world's largest air cargo carrier in the growing market. "We are taking another positive step in our fleet modernization program as we add mo


KBR secures US chemical plant Feed contract

KBR, a leading provider of engineering and construction services, said it had been working on the Front End Engineering and Design (FEED) to double the sulphur derivatives production capacities at Arkema's site in Texas, US.   For more than 40 years, KBR has designed, co


OHA, Varde to buy $1bn DB shipping loan portfolio

Oak Hill Advisors and Värde Partners said they have entered into an agreement to acquire a $1 billion portfolio of shipping loans from Deutsche Bank. The transaction is expected to close in the third quarter of 2018 pending regulatory approvals. Oak Hill Advisors is a leadin


Lamprell, Asyad Holding to set up Saudi JV company

UAE-based Lamprell, a major provider of fabrication, engineering and contracting services, said it will join hands with Asyad Holdings to set up a joint venture company in the kingdom as part of its regional expansion strategy. A key player in the kingdom, Asyad Holdings brings signi


MRO firms ‘to benefit from IIoT-enabled tech’

Maintenance, repair, and overhaul (MRO) companies will gain a valuable competitive advantage by leveraging IIoT-based technologies such as Big Data & Analytics, cloud infrastructure, and mobility, a report said. Industrial Internet of Things (IIoT)-assisted machinery are prov


Metito chairman gets IDA council seat

UAE-based Metito, a leader in providing total intelligent water management solutions in the emerging markets, said its Chairman and CEO Mutaz Ghandour has been inducted into the council of International Desalination Association (IDA).   A non-profit association,


Flexenclosure builds data centre for CenturyLink in Ecuador

Internet infrastructure specialist Flexenclosure said it has completed construction of a data centre for global communications and IT provider CenturyLink in Ecuador.     Located in the Ecuadorian capital, Quito, CenturyLink will use the facility to ex


Ukraine inks deal for high-speed Hyperloop system

Hyperloop Transportation Technologies (HyperloopTT), a global leader in providing innovative solutions to the transportation industry, has signed an agreement with the Infrastructure Ministry of Ukraine to begin the process for a planned commercial Hyperloop system.   

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