Wednesday 1 June 2016
 
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GlassPoint Solar receives recognition at Dubai event

GlassPoint Solar, a leading supplier of solar to the oil and gas industry, was recently honoured at the Middle East & North Africa Solar Conference and Expo 2016 (Menasol) held in Dubai, UAE. GlassPoint Solar received the title of ‘CSP Technology Innovation for Middle E

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Marafiq signs $415m loan to develop projects

The Power and Water Utility Company for Jubail and Yanbu (Marafiq) has signed a loan agreement worth SR1.56 billion ($415.7 million) with the Saudi Industrial Development Fund (SIDF), a report said. The loan will be used to develop several projects of the company in the Jubail an

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Sabic signs petchem project with China's Shenhua

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups, said on Monday it had signed an agreement with Shenhua Ningxia Coal Industry Group to build a petrochemical complex in China. Sabic said in a statement the joint project would be a "gr

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Dubai group Najibi to invest in Australia tourism projects

Diversified Dubai-based business conglomerate Najibi has opened its new investment and development company Sanad Capital on Australia’s Sunshine Coast. Sanad Capital will serve as an investment springboard for a diverse range of local projects – particularly community

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DP World seals Somaliland port management deal

DP World has reached an agreement to manage the Berbera port in Somaliland, which would allow it to become a major hub for goods to transit to and from the Horn of Africa, the Wall Street Journal reported on Sunday. Under the terms of the deal, the newspaper citing a person who h

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Global air freight markets post 3.2pc growth

The global air freight markets in April reported a 3.2 per cent increase in demand measured in freight tonne kilometres (FTKs) compared to the same period last year, according to the International Air Transport Association (Iata). Yields remained pressured as April freight capaci

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Russia to spend $16.7bn on arms industry in 2016-20

Russia will spend around 1.1 trillion roubles ($16.7 billion) on its military manufacturing sector in the 2016-2020 period, Tass news agency quoted Russian Deputy Prime Minister Dmitry Rogozin as saying on Monday. Russia is currently the second-largest arms exporter in the world

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Expo Centre's role in attracting German business

Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah, recently emphasised the organisation’s role in helping German establishments and investors find a foothold in the country as well as the entire region. “By participating and attending trade fairs organised by Expo Centre,

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Alba holds leadership course for management team

Aluminium Bahrain (Alba), an international aluminium smelter, recently held a one-day specialised leadership course titled ‘Boss versus Leader’ for its middle management team at Alba Club.   The course was designed and delivered by Alba’s chief executive off

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Etihad Esco, Drydocks World sign solar energy deal

Top officials from Etihad Energy Service Company (Etihad Esco) and Drydocks World recently signed a service agreement to prepare for and evaluate the potential for on-site solar energy generation. The agreement was signed by Saeed Mohammed Al Tayer, chairman of Etihad Esco, and A

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