Saturday 23 June 2018

Emirates Insolaire products 'big hit at German expo'

Emirates Insolaire, a joint venture between UAE-based Dubai Investments and top research and development company SwissInso Holding, said it had received strong response for its sustainable, energy-efficient coloured solar panel technology at Intersolar Europe expo held recenly in Munich, Germ


Vinci wins big smart lighting project in Australia

Vinci Energies, a subsidiary of global concessions and contracting major Vinci, has been awarded a seven-year streetlight network management contract worth €37 million ($43 million) for the Canberra Region in Australia.    This is the first contract in


Fluor readies first modules for Kuwait refinery project

Fluor Corporation, a global engineering, procurement, fabrication and construction company, has announced the arrival of the first modules for the Kuwait Integrated Petroleum Industries Company (Kipic) Al Zour project in Kuwait. The US-based company is working with its joint vent


Dana Gas wins approval for $700m sukuk restructuring

UAE-based Dana Gas, the largest regional natural gas company in the Middle East, said it has won approval from its key investors to complete the consensual restructuring of its $700 million sukuk (Islamic bond) at today’s (June 21) General Assembly Meeting. All shareholders


UK’s TWMA acquires US service company

UK-based TWMA, a provider of specialised drilling waste management services, has announced its acquisition of US-based Dynamic Oilfield Services in an eight-figure deal.   The move comes as TWMA continues to implement an ambitious growth strategy, with internationalisation an


Saudi Stock Exchange gets key MSCI upgrade

The Saudi Stock Exchange (Tadawul) has announced that MSCI, a leading provider of global equity indices, has upgraded the kingdom to "Emerging Market" from its previous "Standalone Market" status in its Annual Market Classification Review. The kingdom, which w


Investcorp outlines key credit-related strategies

Bahrain-based Investcorp, a leading global provider and manager of alternative investments, today (June 21) released “Opportunities in Credit,” its latest white paper examining six credit-related strategies that may help deliver value in today’s market environment.


Mubadala in deal to buy stake in European fish farms

Abu Dhabi-based Mubadala Investment Company is partnering with Greece’s aquaculture leader Andromeda and Amerra Capital Management to acquire majority stakes in two European fish farming companies: Nireus SA and Selonda SA. Thor Talseth, managing director of Amerra Capital


DNO gets $62m Kurdish crude oil payments

DNO ASA, the Norwegian oil and gas operator, has reported receipt of $62.19 million as payment for March 2018 crude oil deliveries to the export market from the Tawke license in the Kurdistan region of Iraq. The funds will be shared by DNO and partner Genel Energy plc pro-rata to


Blends & Brews opens new outlet in Ajman

Blends & Brews Coffee Shoppe, the UAE-born chain of international coffee shops owned by Thumbay Group, recently opened a new outlet at the Department of Land & Real Estate Regulation, Al Jurf, Ajman. Introducing the new technology that lets customers get their photos prin

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