Thursday 28 July 2016

GE completes upgrade of two gas turbines in Egypt

GE, a leading engineering and tech giant, has completed the upgrading of two GE 9FA gas turbines at the Nubaria power plant in Egypt, the first of its kind upgrade in the Middle East and Africa (MEA) region, said a report. The initiative will help improve the power plant’s


Aamal Company posts $83.8m net profit

Qatar-based Aamal Company, a leading diversified company in the GCC, has posted a net profit of QR305.5 million ($83.8 million) for the first half of 2016, said a report. The company’s net profit registered an increase of 23.5 percent, as compared to QR247.4 million ($67.9


Empower backs green economy report

Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, will support the State of Green Economy Report 2017 for Dubai Carbon as its platinum sponsors. Since its launch, the Green Economy Report sheds light on Dubai&rsq


Over 100 farmers to attend Liwa date festival

More than 100 Emirati farmers will display their finest date produce and also citrus fruits at the third edition of the Liwa Ajman Date Festival, which will start tomorrow (July 27) in Ajman, UAE. The event is being held under the patronage of HH Shaikh Humaid Bin Rashid Al Nuaim


Iran, S Korea to discuss joint fish farming venture

Iran is set to hold talks with South Korea on boosting cooperation in the fisheries sector and plans for a joint fish farming venture, said a report. The talks will be held in Iran later this week and will involve officials from South Korea's Ministry of Oceans and Fisheries


Nestlé to offer Solar Impulse pilots' diet for elderly

The food Nestlé developed for the pilots of Solar Impulse - the first ever solar-powered plane to complete a round-the-world trip - was the only ‘fuel’ on board during their epic adventure. Although that fuel is spent, now that Bertrand Piccard and André


DP World handles 31.4m TEU globally in H1

Dubai-based global marine terminal operator DP World announced that it handled 31.4 million twenty-foot equivalent units (TEU) across its global portfolio of container terminals during the first half of 2016. DP World also revealed that gross container volumes grew by 2.5 per cen


Alba set to award EPC contract for power station

Bahrain-based Alba, operator of one of the world’s largest aluminium smelters, has announced plans to award the engineering, procurement and construction (EPC) contract for Power Station 5 and finalise syndicated loan tranche by September, reported the Gulf Daily News, our sister


Saudi Cement Q2 net profit slips 2pc

Saudi Cement met analysts' estimates as it reported a 2 per cent decline in second-quarter net profit on Monday due to a drop in sales and rising power costs. One of the kingdom's largest cement firms by market value, it made a net profit in the three months to June 30 of


Qurain Petrochemical announces $16.5m net profit

Kuwait-based Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD4.98 million ($16.5 million) for the first quarter of the financial year 2016/2017. This year’s results compares favourably to a net profit of KD4.22 million ($13.9 million) posted d

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