Friday 22 September 2017

Renault, Nissan and Mitsubishi target sale of 14m units

Renault, Nissan and Mitsubishi Motors today announced their ‘Alliance 2022’ plan, a six-year project that has set a new target to double annual synergies to €10 billion ($11.94 billion); sales of 14 million units, and a revenue of $240 billion by the end of the plan. T


Siemens to showcase gas turbine upgrade Power-Gen Asia

Siemens is now offering its SGT-800 industrial gas turbine with a power output of 57 megawatts (MW) and an electrical efficiency of more than 40 per cent in simple cycle application, the company said. In a combined cycle configuration the power output is 163 MW at a net efficienc


DMCA ‘Shorkum’ initiative wins positive response

Organised as part of DMCA’s proactive initiatives aimed at ensuring customers’ happiness and satisfaction, the  ‘Shorkum’ initiative, launched at Dubai International Boat Show 2017, marked a great success in terms of meeting the emerging demands of the customers, of


Seatrade Maritime Awards finalists selected

The finalists of this year’s Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa have now been announced, representing some of the most respected names in the shipping and maritime industry, across a region stretching from Lagos to Kolkata. Emma Howell, group m


Micro-manufacturing, Oman’s new focus

Oman’s new breed of micro-manufacturers are breathing new life into manufacturing across the sultanate, according to an expert. Oman is a country that makes many things from car batteries, AC units, confectionery, footwear, marble kitchen tops to tomato paste and these prod


Injaz Kuwait appoints new CEO

Injaz Kuwait has announced the hiring of Laila Al Mutairi as the new chief executive officer for the company. Al Mutairi brings to Injaz Kuwait years of experience, granting her management and leadership skills that will enable her to lead the company, fulfilling its objectives and ong


BAS to implement new cargo handling system

Bahrain Airport Services (BAS), the sole operator of ground services at the kingdom's international airport, is set to implement its in-house developed cargo handling system to cover all operational aspects. The new "Cargo Dream System" which boasts the latest inter


DMC inks deal with communication firm

Dubai Maritime City (DMC) has signed a strategic partnership agreement with Tactics Maritime Creative Communication, the company responsible for managing and publishing “Marasi News”, the first maritime specialised media platform in the Middle East. In return, Marasi


UAE’s excise tax to be paid in e-Dirham only

The UAE Excise Tax, due to go into force effective October 1, shall be collected in e-Dirham only, the Federal Tax Authority has announced. The move goes in line with the UAE government’s strategy to keep pace with the latest technological developments in areas of FinTech a


UAE trade to grow 4.35pc in 2017: report

UAE is expected to record a steady rise in trade of 4.35 per cent year on year in 2017, driven by a 5 per cent growth in imports and exports of 3.7 per cent, according to a BMI report published recently. The report sees positive economic growth for the UAE over the next five year

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