Tuesday 21 February 2017

RDIF, ME funds to buy into Russian Helicopters

The Russian Direct Investment Fund (RDIF) said its consortium comprising leading Middle Eastern funds has finalised a deal to acquire a minority stake in $2.35 billion Russian Helicopters (part of the Rostec State Corporation). According to RDIF, the transaction will involve the


Bahri expands global presence with Mumbai office

Bahri, a global leader in logistics and transportation, has opened a new office in Mumbai to strengthen its presence in the fast-growing Indian maritime industry and lay the foundation to offer diverse shipping services to domestic customers. The new office, located in the centra


Motor City signs up for Gulf Construction Expo

Motor City, the leading commercial distributor in Bahrain, has signed up as a major sponsor for Gulf Construction Expo 2017 (formerly Gulf Bid), the Northern Gulf’s showcase for the building and construction sector. The international expo will run from April 25 to 27 at the


UAE group, Milrem to develop unmanned army vehicle

International Golden Group (IGG), a specialist in high-end defence and security solutions based in Abu Dhabi, UAE, said it has signed a co-operation deal with Milrem, the Estonian defence solutions provider, to develop and arm unmanned ground vehicles (UGV). It will be done throu


Exechon unveils new robotic manufacturing at Idex

Exechon, a joint-venture company comprising Injaz National, Lockheed Martin, and Sweden-based Tecgrant AB, has unveiled its new robotic manufacturing system at the International Defence Exposition and Conference (Idex) in Abu Dhabi, UAE. The XMini is a robotic, next-generation in


Johnson Controls unveils agressive MEA growth strategy

Johnson Controls, a leader in delivering products, services and solutions that increase energy efficiency in buildings, shared its enhanced capabilities and strategies for aggressive growth across the region at its first Middle East & Africa Executive Channel Conference held in Dubai, UAE.


LG Webos 3.5 Security Manager attains top cybersecurity certificate

The latest version of LG Electronics’ (LG) webOS 3.5 Security Manager smart TV platform has been certified for its effective cybersecurity capabilities by UL, the world’s foremost expert in safety and sustainability. Following in the footsteps of its expertise in smar


Intelligent Foods to highlight expansion at Gulfood 2017

Intelligent Foods, the Dubai-based supplier for airline catering sectors across the GCC, has announced its participation at the upcoming Gulfood 2017. Gulfood is the world’s largest annual exhibition for the food and beverage sector and is returning for its 22nd edition thi


Atlas unveils hitech coastal surveillance systems

Atlas Telecom, a full service communications technology integration and security solutions company, has launched its breakthrough coastal surveillance and protection systems for UAE and GCC Security authorities at the ongoing International Defence Exhibition and Conference (Idex 2017) in Abu Dh


$294bn oil, gas projects underway in Mena region

Oil, gas and petrochemicals projects to the tune of about $294 billion are in the pre-execution phase across the Mena region even while concerns about global oversupply continue to suppress oil prices, a report said. Gas spending is also set to increase as countries such as Saudi

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