Thursday 23 March 2017

Huawei, ISG deal to produce UPS units in Saudi Arabia

Huawei Tech Investment Saudi Arabia has forged an alliance with Industrial Systems Group (ISG), an affiliate of Al Abdulkarim Holding, aimed at exchanging expertise to manufacture un-interrupted power supply (UPS) units in Saudi Arabia. As part of the agreement, Huawei will provi


Netherlands to join Expo 2020 Dubai

The Netherlands, one of the world’s most innovative economies, will take part in Expo 2020 Dubai, it was announced today. Through its overall theme, ‘Connecting Minds, Creating the Future’, the first World Expo in the Middle East, Africa and South Asia will be a


Alba organises training programme for employees

Aluminium Bahrain (Alba), the Bahrain-based international aluminium smelter, is currently conducting a training session ‘Leadership Tomorrowland’, for its executive management, directors, managers and management employees. The sessions which kicked off yesterday (Marc


Bahrain national wins award for invention

Eng Tasneem Mohamed Yousif, from Bahrain, was recognised with a silver medal for her invention, Smart Gas System (SGS), at the recently concluded 9th international inventions Fair, Middle East, Kuwait. The invention was also awarded an ‘Excellence Scientific Award in Invent


Senaat secures $400m revolving credit facility

Senaat, one of the largest industrial investment holding companies in the UAE, has entered into an agreement with 11 financial institutions to receive a revolving credit facility of $400 million. The facility, split between 3-year and 5-year tranches, will be utilised in lieu of


Asar helps Kuwait set up debut $8bn issue

Al Ruwayeh & Partners (Asar), a leading corporate law firm said it had acted as law counsel to Kuwait, acting through the Ministry of Finance and represented by the Kuwait Investment Authority, for the establishment of its Global Medium Term Note (GMTN) Programme and Kuwait's inaugural


YBA Kanoo's KRT courier division acquired by Fetchr

Yusuf Bin Ahmed Kanoo Group (YBA Kanoo), one of the largest family-owned multinational businesses in the Middle East, has announced that its courier service, KRT, has been acquired by Fetchr in a move to enter a new partnership that will elevate the service levels for its customers with cutting


Escher to supply five flare systems for Liwa project

Netherlands-based Escher Process Modules has secured a contract to supply a total of five flare systems for the multibillion dollar Liwa Plastics Industries Complex (LPIC) currently under construction at Sohar, Oman, said a report. Escher Process Modules will fabricate and delive


BSM takes delivery of first ice class feeder vessel

Bernhard Schulte Shipmanagement (BSM), an integrated maritime solutions leader, has taken the first ice class container feeder vessel, Eilbek, into management. Three other vessels -  Barmbek, Reinbek and Flottbek - will join the group by mid-April. The four ice class contain


Saudi high-speed rail project enters fast track

Work on the Haramain High-Speed Rail project in Saudi Arabia is progressing at a steady pace with 95 per cent of 450-km-long line - linking the key cities of Makkah and Madinah - already completed, said a report. The remaining 20-km line, linking Jeddah to Makkah at the main stat

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