Tuesday 28 February 2017

$5.5bn contracts signed at Idex, Navdex shows

The total value of deals announced at the International Defence Exhibition and Conference (Idex 2017) and the Naval Defence Exhibition (Navdex 2017) in Abu Dhabi will exceed Dh20 billion ($5.45 billion), an official said. Naval Staff Colonel Fahed Nasser Al Thehli, official spoke


Al Hosn to produce new lightweight protective vest

Al Hosn Armored Systems, a subsidiary of Tawazun Holding, has announced the production of a new cutting-edge, extra lightweight protective vest. The new armoured vest, which weighs only 8.5 kg, will be made in cooperation with Khalifa University Research Center and DuPont and is


Investcorp acquires $400m US residential properties

Bahrain-based Investcorp said its US-based real estate arm has acquired three multifamily housing properties in New York, California, and Nevada for a total purchase price of $400 million. All three properties are located in markets which benefit from robust fundamentals in the m


Dubai Future Academy launches training programme

The Dubai Future Academy has launched its first training programme – the Future Design Diploma – in its Office of the Future in Dubai, the world’s first 3D-printed office. High-ranking executives are set to take part in the 10-day intensive program including exe


Emirates Transport to supply e-vehicles to finance ministry

The UAE Ministry of Finance (MoF) has signed an agreement with Emirates Transport for supply of  electric-powered vehicles. The move comes as part of MoF’s commitment to support sustainable energy resources in line with UAE vision 2021, by using sustainable transport s


Building the ship of the future

Ships of the future will have to be lighter, smarter, cleaner, more reliable, more efficient, and safer. Sounds like a tall order, but that’s where the industry is headed, say experts. DNV GL and Rolls Royce concur: Technologies available today will combine with those just


GCC set to pump $320bn into power projects

The total value of GCC power projects in the pipeline stands at more than $320 billion at present, of which over $100 billion are linked to the renewable and alternative sources, according to a report. In recent years, the interest in renewable energy across the GCC has been on t


Dewa’s Smart Centre gets good response

Dubai Electricity and Water Authority’s (Dewa) said its Smart Centre has achieved remarkable results with growth in smart adoption surging from 64 per cent in 2015 to 70 per cent last year. The Smart Centre was launched as part of the Customer Happiness Centre and aims to i


Neutral Fuels makes biofuel from dairy waste

After two years of research into new and improved ways to create biofuels, Dubai-based Neutral Fuels has become the first company to successfully use butter, cream and ghee waste as a feedstock for creating commercial biofuel. Importantly, the new fuel is of the same high quality


CCC, Rexa to modernise steam turbines

Rexa, the industry leader in Electraulic Technology, and Compressor Controls Corporation (CCC), a leading supplier of turbomachinery control solutions, have announce a joint initiative to modernise steam turbine controls for enhanced performance based upon each company’s core competency.

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