Sunday 26 June 2016

Honeywell targets energy savings in mosques

Mosques in the Middle East have the potential to cut their energy consumption by a significant amount through the use of “smart” thermostats, said Honeywell, announcing the results of a pilot programme in Sharjah, UAE. Honeywell’s VisionPRO 8000 thermostat for m


Dubai targets 7pc energy needs from clean sources by 2020

Dubai aims to provide 7 per cent of its energy needs from clean energy sources by 2020. This target will increase to 25 per cent by 2030, and to 75 per cent by 2050.   At the 41st meeting of Dubai’s Supreme Council held under the stewardship of Sheikh Ahme


Halal ingredients market seen $245bn

Halal ingredients constitute a global market estimated at $245 billion, according to a report issued by Thomson Reuters in partnership with Salaam Gateway and DinarStandard. The report focuses on Halal ingredients across the global food, pharmaceutical, and cosmetics industries.


EGA to launch construction of bauxite mine in Guinea

Emirates Global Aluminium (EGA) will begin construction on a major bauxite mine in the Republic of Guinea, to secure supply of the high-quality raw material for its primary aluminium production facilities in the UAE. EGA also aims to create a new, substantial revenue stream throu


Unigulf helps Afico get DCD certification

Unigulf Group, a prominent player in the HVAC (heating, ventilation and air-conditioning) industry in the Middle East region, said it played a major role in helping Arabian Fiberglass Insulation Company (Afico) to get certification from Dubai Civil Defence (DCD) for its complete range of fibreg


RakBank partners with EO to develop Emirati SMEs

National Bank of Ras Al Khaimah (RakBank) has partnered with Entrepreneurs' Organization (EO) UAE, to support the small and medium-sized enterprises (SMEs) sector in the UAE. EO is a global community of entrepreneurs founded in 1987 with more than 11,000 plus members worldwid


Marsol International supports OOCEP’s first crude export from MGP terminal

Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has successfully supported Oman Oil Company Exploration & Production’s (OOCEP) first shipment of crude oil from the Musandam gas plant (MGP).


Kuwait suspends trading in Agility shares

Shares in Kuwait's Agility were suspended on Wednesday until the company responded to what was published in news reports, the Kuwaiti bourse said in a statement without specifying the nature of the press articles. The largest Gulf logistics group, Agility had reported a five


Tesla offers $2.8bn for SolarCity

Elon Musk on Tuesday sought to build a clean energy powerhouse as his electric car maker, Tesla Motors Inc, made an offer to buy his solar installation firm SolarCity Corp in a stock deal worth as much as $2.8 billion. Tesla shares plunged more than 13 per cent to $189.99 in exte


Iran’s petchem plant to go on stream by March

The first phase of Iran’s Maroon Petrochemical Plant will go on stream by March 20, 2017, said a senior company official in a report. The unit is being constructed with the goal of completing the value chain in the downstream sector of the industry and to prevent the sale o

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