Wednesday 18 January 2017

Dubai Investments targets Mideast solar energy market

Dubai Investments (DIC), a leading, diversified investment company listed on the Dubai Financial Market, is targeting a strong growth in the booming solar energy market through its subsidiary Emirates Insolaire. Emirates Insolaire, DIC’s joint venture with SwissINSO Holding


GCC real GDP growth to stay weak this year: Moody's

The real GDP growth in the GCC in 2017-18 is likely to remain weak by historical standards with an average of 1.6 per cent and ranging from 0.7 per cent for Saudi Arabia to 3.3 per cent for Qatar, a Moody's report said. The negative outlook for sovereign creditworthiness in 2


Oman Rail achieves key Mineral Line milestones

Oman Rail has achieved several key project milestones on its Mineral Line railway network with the completion of its concept design, corridor identification, and technical and operational parameters besides acquisition of land for the project, said a report. It has already made m


DP World to develop Kazakh economic zone

Dubai-based global trade enabler DP World has signed a memorandum of understanding (MoU) with the Government of Kazakhstan for the development of a special economic zone in Aktau, further boosting trade and logistics in the country. The MoU was signed by DP World Group chairman and CEO


Shell chosen exclusive supplier of Rolls-Royce engine oil

Shell today announced that it has been chosen by Rolls-Royce Motor Cars as the exclusive manufacturer and supplier of Rolls-Royce Motor Cars Genuine Engine Oil. From October 2016, this oil has started to become available to Rolls-Royce Motor Cars dealers around the world.


Petromin to build logistics service centre in KAEC

Petromin, the Saudi lubricants giant and the official Nissan Motors dealer in the kingdom, will build a major logistics service centre for Nissan vehicles in King Abdullah Economic City (KAEC),  just north of Jeddah. According to the deal signed by the two sides just before


Emerson Network Power rebrands as Vertiv

The business formerly known as Emerson Network Power has announced the appointment of Rob Johnson as CEO and officially commenced a campaign to rebrand the standalone company as Vertiv. Vertiv is a global provider of mission-critical infrastructure technologies for vital applicat


Khalidia to set up $22m warehouse in Kizad

Abu Dhabi Ports (ADP) has signed a musataha agreement with Khalidia International Shipping, a subsidiary of Emirates Business Group (EBG), to set up a third-party logistics (3PL) warehouse with a total investment of Dh80 million ($21.7 million) in Kizad, the Khalifa Industrial Zone’s trad


Alba chief outlines 2017 growth strategy

Aluminium Bahrain (Alba), one of the largest and modern aluminium smelters in the world, today (January 15) held the opening session of its annual ‘Town Hall Meetings’ at its premises laying emphasis on the company’s expectations for the year ahead through presentations and in


Atkins unit wins OPWP project services deal

Atkins, a global leader in design, engineering and project management consultancy sector, said one of its units has been awarded a key contract by state-owned Oman Power and Water Procurement Company (OPWP). As per the deal, Atkins Power and Renewables will provide technical advi

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