Tuesday 21 April 2015
 
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Lockheed Martin profit down on poor jet sales

Lockheed Martin, the Pentagon's No. 1 weapons supplier, reported a six per cent fall in quarterly profit, partly due to fewer aircraft deliveries. Weapons makers, including Lockheed and Raytheon Company, have increased focus on international markets and the cybersecurity busi

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UK port appoints new chief executive

UK-based Montrose Port Authority (MPA) has appointed Nicholas Scott-Gray as its new chief executive. Scott-Gray brings with him over 26 years of experience within the port and shipping sectors, said a statement. Scott-Gray was most recently the business development

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Adionics launches ‘smart desalination solution’

Adionics, a solutions and technology provider to the energy sector, has launched Smartex, a smart desalination solution, capable of selecting specific salts in order to address the growing demand coming from oil and gas, food and beverages, and mining industry. Adionics made the

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GCC switchgear demand at all-time high

The demand for medium voltage (MV) and high voltage (HV) switchgears in the GCC is at an all-time high due to the rapid expansion of the power, oil and gas infrastructure, and construction sectors, a report said. Further investments over the next decade by several countries prepa

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Wasl group wins Dubai quality award

Dubai-based wasl Asset Management Group has been awarded with the Dubai Quality Award for obtaining excellence in the ‘Service’ category in recognition of its highest standards in the provision of services to clients. The award was presented during an official ceremon

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Agility Iraq receives ISO certification

Leading logistics provider Agility’s GCC Services subsidiary in Basra, Iraq, has received the ISO 9001 certification, making it the first integrated remote site services company in the city to receive the certification. The United Kingdom Accreditation Service (UKAS) accred

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Airedale opens new facility in Saudi Arabia

Airedale International, a leading manufacturer and designer of innovative cooling solutions, has announced the opening of its new storage and testing facility in Saudi Arabia, in collaboration with local business partner Saudi Temco. The new plant will facilitate extensive stocki

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Ericsson showcases solutions to transform utilities industry

Ericsson is exhibiting the future of communications technology by showcasing how smart solutions can transform utilities such as energy, water and sewage, as platinum sponsor at the ongoing Water, Energy, Technology and Environmental Exhibition (Wetex) 2015 in Dubai, UAE. It is d

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Lixil Water Technology commences operations

Lixil Water Technology, a part of leader in housing and building material, products and service business Lixil Corporatio, has commenced operations. Headquartered in Luxembourg and led by David J Haines, chairman and chief executive officer of Grohe Group, LWT operates across 150

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Aramex Q1 net profit up 10pc to $23.5m

Aramex, a leading global logistics solutions provider, has posted a net profit of Dh86.6 million ($23.5 million) during the first quarter (Q1) of the year, up from Dh78.7 million ($21.4 million) in Q1 2014, marking an increase of 10 per cent. Revenues in the first quarter of 2015

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