Friday 22 September 2017

Dubai Science Park sets blueprint for pharma sector

Dubai Science Park (DSP), the region’s first business community dedicated to science sector, said it has achieved significant progress in identifying, developing and promoting opportunities in the emirate’s pharmaceutical and medical equipment sector. The achievement


Unique Group signs cooperation deal with Innovo

UAE-based Unique Group, one of the world’s most prominent integrated subsea and offshore solution providers, has entered into a cooperation agreement with UK-based Innovo for for specialised engineering and equipment. As part of the agreement, the two world-leading engineer


Egypt, Singapore firm in deal to set up new industrial city

Egypt's Industrial Development Authority (IDA) and the Singapore Holding Company (SECC) have signed a memorandum of understanding (MoU) to establish an integrated industrial city in Fayoum governorate on an area of 33 million sq m. The MoU signing was witnessed by Egypt's


KAEC, Nesma sign deal to develop Industrial Valley

Saudi Arabia's King Abdullah Economic City (KAEC) has signed an agreement worth more than SR80 million ($21 million) with Nesma Water & Energy to develop the third phase-C of the Industrial Valley (IV). The third phase-C of the IV comprises 1.2 million sq m.


Siemens, PAS form ICS cybersecurity partnership

Siemens, a global engineering and technology leader, and PAS Global, a leading provider of industrial control system (ICS) cybersecurity solutions, have announced an agreement to provide fleet-wide, real time monitoring for control systems. By leveraging the unique capabilities o


UAE's Visionscape acquires Belgian group's assets

Visionscape, a UAE-based environmental utility group providing turnkey solutions in areas of sanitation, energy and wastewater treatment, said it has completed the purchase of the business and assets of Belgian recycling plant leader Soreplastic. This transaction will enable Visi


Tata, thyssenkrupp to create steel giant

Thyssenkrupp and Tata Steel have signed a memorandum of understanding to combine their European steel activities in a 50/50 joint venture and create a leading European flat steel player to be positioned as quality and technology leader.    The new entity is


New UAE-Iraq team aims to boost bilateral trade

Senior government officials of the UAE and Iraq have agreed to form a joint working team or technical committee to enhance investment cooperation and to identify related priorities in key sectors of the Iraq as it undergoes reconstruction. Sultan bin Saeed Al Mansoori, UAE Minist


Seatrade summit to highlight fall in ship finance

A capital shortfall of billions of dollars in the shipping sector, this year alone, as European banks scale back ship financing operations will be discussed at the upcoming Seatrade Offshore Marine & Workboats Middle East (SOMWME) in Abu Dhabi, UAE. The event runs at the Abu


Gulf Capital announces sale of UAE portfolio firm

Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, has announced full exit from its portfolio company, Reach Employment Services, a leading manpower outsourcing company in the UAE, generating a return of over two times its original investment.

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