Thursday 19 July 2018

UAE-China trade tops $50 billion in 2017

The volume of economic and trade exchange between the UAE and China reached more than $50 billion in 2017, said Dr Ali Obaid Al Dhaheri, the UAE Ambassador to the People's Republic of China, wishing that this figure would double over the next 10 years. While meeting with the


Falcon Cement's 2017 revenue up 56pc

Falcon Cement Company (FCC), a leading integrated cement producer in Bahrain, said despite challenging market conditions and competition, it had achieved solid growth in its sales and market share.    Announcing the results at its annual general meeting (AG


Emirates Float Glass achieves key safety milestone

Emirates Float Glass (EFG), a wholly-owned subsidiary of leading diversified investments company Dubai Investments, has achieved a major safety milestone clocking one million man-hours without loss time injury for the second time in its history.   Set up in 2009


Bechtel launches new programme for Saudi women

Bechtel, a global leader in engineering, procurement and construction, has launched a pioneering women's empowerment programme in Saudi Arabia.    Working with Al Khaleej Training and Education organisation, Bechtel through the programme aims to increas


Majesty Yachts to make a splash at top shows

Gulf Craft, along with its exclusive Majesty Yachts dealer for France and Monaco, Aurora Yachts, will jointly showcase two magnificent superyachts at two of the most prestigious yachting events in Europe.   The remarkable Majesty 125 and Majesty 100 will both be


Oman Drydock reviews 56 investment opportunities for SMEs

Oman Drydock Company, a shipyard specialising in ship repair and conversion, recently organised ‘The Business Opportunities Forum’ in the Wilayat of Duqm at which it reviewed 56 investment and service opportunities for SMEs, said a report. About 300 SMEs, local suppli


Siemens launches enhancements for select SGT-800 gas turbines

Siemens has introduced a new SGT-800 performance enhancement that is applicable to all existing SGT-800 units with 43-47.5-MW ratings. The new upgrade is designed to provide owners and operators with significant fuel savings and CO2 emissions reduction for improved sustainable en


Structured data key for maritime procurement efficiency: report

Industry-wide lack of structured, accurate and well-managed data is reducing the opportunity for maritime buyers to optimise procurement efficiencies and reduce costs, as well as stifling their desire to increase spend under contract with suppliers, said a survey. ShipServ, a lea


DP World warns third parties on Djibouti terminal

Dubai-based global marine terminal operator DP World has today (July 12) reiterated that its concession agreement for the Doraleh Container Terminal (DTC) in Dijbouti remains in force. DP World warned that the Djibouti government’s illegal seizure of the facility doesn&rsqu


Gulf industrial automation market to top $10bn in 2023

The GCC market for industrial and building automation will be worth $10.3 billion in 2023, growing at a CAGR of 10.7 per cent from an estimated $5.6 billion in 2017, said a  report by consulting firm TechSci Research. The GCC market for industrial and building automation wil

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