Friday 14 December 2018

Saudi Venture Capital signs MoU with US investor Tim Draper

Saudi Venture Capital Company has signed a memorandum of understanding with American investor Tim Draper, one of the most important venture capital investors in the world, for the establishment of a venture capital investment fund.   The MoU was signed under the


Hyundai unveils solar charging tech for vehicles

Hyundai Motor and Kia Motors have announced plans to introduce solar charging technology on selected Hyundai Motor Group vehicles. Electricity-generating solar panels will be incorporated into the roof or the hood of vehicles, and will support internal combustion, hybrid and batt


Paper Arabia to focus on green pulp-based products

Paper Arabia 2018, an upcoming biennial event in Dubai, UAE will focus on eco-friendly products and artificial pulp as well as offer insights on green pulp-based products and using paper for a sustainable future, said event organisers. Studies indicate that each year, around 8 mi


Etihad Cargo expands network with services to Barcelona

Etihad Cargo has expanded its cargo capacity into Spain, providing freight forwarders and cargo customers greater access to its global network along key trade routes connecting Europe to the Middle East, Africa and Asia over its Abu Dhabi hub.    This expan


New aluminium composite plant opened in Oman

Oman’s first aluminium composite panel manufacturing plant was recently inaugurated at Misfah Industrial Area on the outskirts of Muscat, a media report said. The manufacturing unit is the latest diversification of the Mohammed Riaz & Partners group, a leading building


DeltaTek announces key executive appointment

DeltaTek Global, a leading well construction specialist based in Aberdeen, UK, has appointed Chris Johnstone as the new operations supervisor. Johnstone brings with him a wealth of engineering and drilling experience to the team and will be focussing on managing wellsite operatio


DHL Express tops list of 'Best Places to Work' in Saudi Arabia

DHL Express Saudi, Astrazeneca Saudi, Hilti Saudi and Asala Holding were awarded the 'Best Place to Work' certification in Saudi Arabia for 2018, according to the annual Workplace research programme driven in partnership with Best Companies Group USA.   


El Sewedy Electric to build $557m industrial city in Egypt

Egypt-based Elsewedy Electric Company said its industrial development unit has signed an E£10 billion ($557 million) contract with the General Authority for Suez Canal Economic Zone to develop land at Ain Sohkna, located 120 km east of capital Cairo. A leading integrated en


Siemens selects Accenture to run business intelligence ops

Siemens AG has awarded Accenture a five-year technology and services contract to run and maintain several of its digital managed services for data analytics and business intelligence.    The new project, part of a firm-wide digital and IT transformation eff


Energy park to spark new era of growth in Saudi Arabia

Saudi Arabia’s economic diversification efforts and Vision 2030 received a huge boost with the launch of the first phase of the King Salman Energy Park (Spark) in the Eastern Province yesterday.   Spread over a massive 50 sq km, the King Salman Energy Park

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