Tuesday 4 August 2015
 
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Drydocks World creditors select Moelis as advisor

Creditors of Drydocks World, the Dubai government-owned company seeking to revise part of a $2.3 billion debt restructuring deal which it signed in 2012, have chosen Moelis & Co as an adviser, sources familiar with the matter said. The New York-based advisory company has expe

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Abu Dhabi’s sustainable lighting strategy in focus

The Abu Dhabi Municipality (ADM) recently implemented its sustainable lighting project that offers multi-pronged benefit, as part of the emirate’s lighting strategy.   It includes a reduction in overall costs by 40 per cent to 80 per cent over 20 years, cu

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Industries Qatar Q2 profit up 20pc, H1 slips

Industries Qatar reported a 20 per cent increase in second-quarter profit on Tuesday that beat analyst forecasts, although its half-year profit fell because of declining petrochemicals prices versus a year earlier. The petrochemicals, steel and fertiliser producer made a profit o

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Honeywell launches thermostat for mosques

Honeywell, a leading manufacturer of heating, ventilating and air conditioning (HVAC) controls, has launched the VisionPro 8000 thermostat for mosques.    Mosques often house large and open interior spaces, meaning they are energy intensive to cool. Consequ

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DP World Australia inks lease deals with port

DP World Australia, a unit of Dubai-based marine operator DP World and the Port of Melbourne Corporation (PoMC) have signed new lease arrangements at DP World Australia’s West Swanson Terminal. DP World Australia managing director and CEO Paul Scurrah said the new lease arr

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Strategic Marine delivers personnel vessels stock programme

Strategic Marine, a specialist shipbuilder and fabricator, has confirmed its stock programme of personnel transport vessels is market-ready.   Reece Newbold, group business development manager, said: “Our stock programme currently incorporates two class le

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Bahrain to host Gulf Pharma-Medical Conference

More than 400 participants including doctors and pharmacists from Bahrain and the other GCC countries will attend the First Gulf Pharma-Medical Conference in the kingdom next month, a report said. The conference will be organised by the Bahrain Pharmacists Society in collaboratio

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LR Senergy wins key deals in Middle East

LR Senergy, an integrated energy services company, said it has been awarded a number of contracts worth a combined $7 million in the Middle East, Europe and Asia (MEA) as it continues to adapt to the difficult and changing market conditions. The Aberdeen-headquartered firm has pr

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APM Terminals appoints new managing director for Bahrain

APM Terminals Bahrain, the operator of Khalifa Bin Salman Port, has appointed Mark Hardiman as its new managing director. Hardiman, previously the chief operating officer (COO) of APM Terminals Bahrain, will replace Marco Neelsen, who will end his four year tenure at the port, sa

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Empower launches summer internship for UAE students

Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, has launched a training programme in which many UAE students are being familiarised with skills needed in district cooling industry.    The company selecte

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