Saturday 16 February 2019

Kuwait's Agility eyes deal with top Swiss logistics group

Kuwait-based Agility Group is in discussions with leading Swiss logistics group about partnership opportunities between the logistics businesses of the two companies.    Headquartered in Basel, Switzerland, Panalpina is a leading provider of forwarding and


Bosch opens flagship store in Saudi Arabia

Bosch, a leading home appliances brand in Europe, has opened its flagship store in Saudi Arabia. The store is located in the heart of Jeddah, and the event took place in the presence of Consulate General of the Federal Republic of Germany in Jeddah, Holger G Ziegeler.


Boeing, Safran name power units joint venture

Boeing and Safran, an international high-technology group, have announced the name of their 50-50 joint venture to design, build and service Auxiliary Power Units (APUs): Initium Aerospace. From its Latin roots, initium means 'the beginning' or 'to start.' This is


1,200 experts attend defence conference in Abu Dhabi

Around 1,200 delegates, including defence ministers and experts, are participating at the International Defence Conference (IDC) 2019 which opened today (February 14) in Abu Dhabi, UAE, under the theme ‘Shaping Our Shared Future: Strengthening Our Security and Prosperity through Innovatio


Aramco, Total JV to spend $1bn on retail fuel service

Saudi Aramco, a global integrated energy and chemicals company and French oil major Total have signed an agreement to develop a network of retail fuel service stations in Saudi Arabia. The 50:50 joint venture (JV) plans to invest around $1 billion over the next six years in the S


Ericsson, Intel to develop next-gen infrastructure for 5G era

Ericsson, a leading communications service provider, and Intel Corporation have begun a multi-year collaboration to align ongoing development efforts in software-defined infrastructure (SDI) and Intel Rack Scale Design. The resulting next-generation infrastructure management plat


Production kicks off at Sebacic Oman's project in Duqm

Sebacic Oman Refinery for the production of sebacic acid has entered the production stage after the successful completion of the preliminary tests during the last three months, said a report. The refinery is the first industrial project in the heavy industries zone to operate in


Russia, Colombia lead global oil and gas discoveries

Russia and Colombia had the highest number of oil and gas discoveries amongst a number of key countries with three each in Q4 2018, according to leading data and analytics company GlobalData. GlobalData’s latest report: ‘Q4 2018 Global Oil and Gas Discoveries Review &


Airbus to stop production of A380s from 2021

European planemaker Airbus will pull the plug on its A380 programme in 2021 given the lack of order backlog, the company said.   The decision follows Dubai-based Emirates reducing its A380 order book from 162 to 123 aircraft. Emirates will take delivery


Ajman Free Zone commits to culture of innovation

Ajman Free Zone used its Innovation Forum, marking the UAE’s National Innovation Month, to announce its participation in a global accreditation scheme aimed at strengthening the culture of innovation across all of the organisation’s operations.   The announcement

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