Monday 24 July 2017

MOL partners with Evonik, thyssenkrupp for propylene oxide

Hungary-based MOL Group, an integrated, international oil and gas company, has signed license agreements with Evonik and thyssenkrupp, enabling it to produce propylene oxide, a key component for the production of polyether polyols. Germany’s Evonik is one of the world leade


AAR in deal to support flydubai Boeing 737 MAX aircraft

AAR, a global aftermarket solutions company, has expanded its relationship with Dubai-based flydubai by signing a long-term contract to provide comprehensive flight-hour component support for its new Boeing 737 MAX aircraft. Flydubai airline is set to take delivery of 100 Boeing


Borouge to highlight innovative solutions at summit

Abu Dhabi-based Borouge, a leading provider of innovative value creating plastics solutions, will highlight how the company, using innovation as an integral part of its business, delivers new solutions to meet the evolving market demands, at the upcoming Abu Dhabi International Downstream Summi


Oman’s non-oil exports drop to $6.2bn in 2016

Oman's non-oil exports declined to RO2.4 billion ($6.2 billion) in value in 2016, down from RO3 billion ($7.79 billion) a year earlier, a drop of 20.1 per cent, said a report quoting Central Bank of Oman (CBO) data. The slump was primarily because of the general economic down


Solar, fossil fuels cost gap narrowing, says expert

The external cost of power generation by fossil fuels, mostly related to the environment and public health, has been shown to be the same or more than the cost of generating electricity by solar power, said an industry expert. In 2013, the external cost of fossil fuel-based energ


GPIC completes external audit of management system

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has reported that Global Auditing Company (DNV) has carried out a successful external audit of its Integrated Management Systems (PAS 99). The auditors verified the integrity of all the company's operations, its vario


Major Russian firms to participate in Bahrain air show

The Bahrain International Airshow 2018 has confirmed that United Aircraft Corporation (UAC) has been added to its roster of participants after returning from MAKS 2017. At a signing ceremony which took place on July 19, UAC confirmed that all its subsidiary companies would partic


Dubai DED transactions tally tops 6.8 million

More than 6.8 million transactions have been conducted by the Business Registration and Licensing Sector (BRLS) at the Department of Economic Development (DED), Dubai, since its launch in 1997, a report said. The figure underlines the sustainable growth posted by companies in var


Rockwell Automation introduces new cable-pull switch

US-based Rockwell Automation, one of the world's largest companies dedicated to industrial automation, has introduced the Allen-Bradley Guardmaster Lifeline 5 cable-pull switch, the most advanced cable-pull switch on the market. The new switch is the first solid-state, cable-


Tax overhaul 'reshaping India logistics sector'

The shift to a unified national tax has set off a wave of change in India’s notoriously inefficient logistics sector as companies alter the way they store, move and account for goods, according to the Agility Mid-Year Emerging Markets Review.   India’s Goods and S

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