Sunday 26 April 2015

Internet of Things to deliver $1.9 trillion for logistics sector

Internet of Things (IoT) is set to generate $8 trillion worldwide in value at stake, including $1.9 trillion for supply chain and logistics, over the next decade through new connections, according to a report. The Cisco economic analysis pointed out that it will come from five pr


Saif Zone participates in Intelpack 2015

Sharjah Airport International Free Zone (Saif Zone) participated in Intelpack 2015, India's longest running and most successful packaging show, which concluded at the Bombay Exhibition Centre, Mumbai, recently. The event, witnessed at two co-located events – the 11th ed


Stena Bulk charters out LNG carrier for Australia project

Stena Bulk, a leading tanker shipping company, has signed an agreement covering the charter of the LNG carrier Stena Blue Sky for the North West Shelf Project in Australia. The duration of the charter is up to three years with a possible further extension as a goal, said a statem


IFC to invest in Al Safi Danone's Iraq unit

The International Finance Corporation (IFC) said it would inject $18 million in the Iraq unit of Saudi dairy company Al Safi Danone, a rare foreign investment in the country's non-oil sector. The funds will help expand operations, which include a new dairy processing plant in


BAE Systems showcases eye-tracking technology

A new eye-tracking technology by BAE Systems with potential applications in a Formula One cockpit has been showcased for the first time in Bahrain. The technology demonstration was a part of the British Embassy's 'GREAT Advanced Engineering and Innovation' event at t


Emirates Steel alerts over imports hitting UAE market

Emirates Steel, the largest integrated steelmaker in the UAE, has warned of the effects of the flow in China’s and Turkey’s steel to the local markets, and called for protective actions to face the increasing competition and falling prices. “The steel industry p


Fly launches new line-up of handsets

Fly, a leading European mobile phone manufacturer, has announced the launch of five new smartphones during the second quarter of 2015. The new line-up of handsets will be available across the GCC in partnership with Dubai-based Eurostar Group, as well as in Africa and Turkey, sai


Samsung launches new 28MP camera

Samsung Electronics has announced the launch of the NX1, a high-performance, high quality camera. The NX1 is capable of shooting 70 images at a high resolution of 28 megapixel (MP) at 15 frames per second (FPS), said a statement. Equipped with Samsung’s NX AF


Underwater technology in focus at Abu Dhabi survey event

Unique Group (UG), a leading integrated turnkey subsea and offshore solution providers, in association with Kongsberg Maritime and Bayanat for Mapping and Surveying Services, is conducting a survey event in the Middle East from today (April 20). The three-day event titled ‘


Industries Qatar Q1 profit plunges 40pc

Petrochemicals and metals company Industries Qatar (IQ) posted a 40 per cent drop in first-quarter net profit on Monday, missing analysts' forecasts. The Middle East's second-biggest petrochemicals company by market value, behind Saudi Basic Industries (Sabic), reported a

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