Thursday 29 September 2016

DP World wins 6 investor relations awards

DP World, a global operator of shipping terminals, won six awards at the 7th Annual IR Conference and Awards Ceremony in Dubai recently, including the ‘Best Company for Investor Relations, Middle East’ for the third consecutive year following a global survey of financial industry st


Qatar Rail completes Doha Metro tunnelling work

Qatar Rail has announced the successful completion of all tunneling work on the Doha Metro project with the final breakthrough taking place at Terminal One of Hamad International Airport (HIA) this week. The first tunnel boring machines started the work in July 2014 and the final


$100m petroleum storage terminal opens in HFZA

The Hamriyah Free Zone Authority (HFZA) and Sharjah Airport International Free Zone (SAIF Zone) recently inaugurated a new $100 million petroleum storage terminal of Sharafco Group at Hamriyah Free Zone’s first phase. “Due to our excellent facilities and services, sev


SaferTrident’s semi-autonomous vehicle for divers tested at Masdar

The Masdar Institute of Science and Technology, an independent research-driven university focused on advanced energy and sustainable technologies, and the UAE-based SaferTrident have successfully tested a made-in-the-UAE semi-autonomous vehicle (SAV) for divers. SaferTrident&rsqu


Tenmou to host Mena Angel Investors Summit

Tenmou, Bahrain’s first ‘Business Angels’ organisation, in strategic partnership with the Economic Development Board (EDB) will host the third Mena Angel Investors Summit  in November. More than 40 start-ups are expected to attend the event running on Novem


Dubai Investments Park in deal to design drainage

Dubai Investments Park (DIP) has signed an agreement with MWH, a global leader in wet infrastructure, to design a new stormwater and groundwater drainage network within the development. The scope of the agreement covers the design of the drainage network covering the 2,300 hectar


Nuberg wins Egypt chemical plant contract

Nuberg, a leading engineering, procurement and construction (EPC) and turnkey project management company, has won a $20-million contract from TCI Sanmar Chemicals to set up a chemical plant in Port Said, Egypt. TCI Sanmar Chemicals is a part of the multinational conglomerate; The


UNB, Ducab review progress on financing

Senior officials from Union National Bank (UNB) visited Ducab senior management and facilities to review progress on the Dh350 million ($95 million) loaned to Ducab group under a long-standing Islamic financing partnership.  Financial commitments from UNB have been to Dubai


GCC thermal Insulation market to top $975m

Driven by investments in construction of projects pertaining to sectors such as power, oil & gas, chemicals, etc., the demand for thermal insulation in the GCC is expected to cross $975 million by 2021, a report said. Furthermore, extreme climatic conditions and favourable go


Honeywell UOP offers IIoT solution to improve plant performance

Honeywell UOP today introduced a new software-based service to the Middle East designed to allow refiners and petrochemical and gas processing plants in the region to improve their performance. With a strong focus on sustainability and productivity in line with the regional growt

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