Tuesday 13 November 2018

Smit Lamnalco takes delivery of Damen ASD tugs

Damen Shipyards Group said it has delivered the third and fourth units in a four-vessel contract to Rotterdam-based Smit Lamnalco, a leading towage company. All four vessels are Damen’s popular and powerful ASD Tug 3212 class with a bollard pull of 80 tonnes, said a stateme


China's Uni-Top Airlines launches flights to DWC

Dubai World Central (DWC) welcomed the inaugural flight by Chinese cargo carrier Uni-top Airlines on Tuesday (November 6). Flying in from Kunming, the carrier will operate three flights per week between DWC and Kunming in China’s Yunnan province. DWC is now home to


Sharjah wins award for $316m Chinese bond

Sharjah's government has won the “Sovereign Debt Finance Deal of the Year” award at the recent Bonds, Loans & Sukuk Awards Middle East held in Dubai, UAE, for the successful issuance of an RMB2 billion ($316 million), Panda Bond. The Sharjah government's m


Dubai summit to discuss EM investment opportunities

Leading global investors will discuss how worsening financial conditions around the world are creating rebound opportunities in emerging and frontier markets at the AIM Summit to be held from November 26 to 27 in Dubai. Each year, the summit draws over 500 investors and investmen


Garmco's US unit gets tariff exemptions on imports

Bahrain-based Gulf Aluminum Rolling Mill Company (Garmco), one of the largest downstream aluminium facilities in the Middle East, said its US subsidiary has been granted tariff exemptions to facilitate smooth imports from the kingdom. Garmco USA, which was established in 1996, se


Lombard Odier wins top banking awards

Lombard Odier, a leading global wealth and asset manager, has been selected as the “Best Overall GCC Private Bank” and “Best UAE Private Bank - International” at the WealthBriefing GCC Region Awards held in Dubai on November 7. The prestigious awards recog


World transport roadmap signed as IRU event ends

The IRU World Congress, an event of the world road transport organisation, concluded today (November 8) in the Omani capital with the signing of the Muscat Compact, a roadmap for the future of road transport, mobility, trade and logistics. As a principle-based framework for coope


Waha Capital 9-month net profit surges to $80m

Waha Capital, a leading investment company in Abu Dhabi, has reported a 10.2 per cent rise in net profit to Dh295.1 million ($80.3) in the first nine months of 2018, largely driven by the company’s private investments business. The company posted a total income of Dh812.2 m


Dubai HeliShow unveils new tech innovations

The second day of the of Dubai HeliShow 2018, the biennial International Helicopter Technology and Operations Exhibition, displayed an array of latest helicopter technologies, amidst wide international participation. The event, which is hosted at the E2 Royal Pavilion, Al Maktoum


GE wins service deals for 330MW Pakistan plant

GE Power said that it has won equipment and services deals worth more than $60 million to power and provide critical maintenance services for a period of 12 years for the 330 megawatts (MW) Thar Energy Limited (TEL) Power Plant in Pakistan. The TEL Power Plant is owned by Thar En

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