Saturday 19 January 2019

Bilfinger, Teknokon win contract for Tupras refinery

Bilfinger, a global engineering and industrial services provider and Istanbul-based Teknokon, a multi-disciplinary group, have been awarded a contract by Tupras to render maintenance and repair services for the Tupras' Izmir refinery. The contract award underscores Bilfinger&


Nasdaq Dubai launches trading of Saudi futures

Nasdaq Dubai has launched futures trading on the shares of 12 leading Saudi Arabian companies, in a major move that enables investors to gain from changes in the Saudi-listed companies’ share price by trading the futures on Nasdaq Dubai. The futures are designed to increase


Al Ahli Holding in deal to develop major media ecosystem

UAE-based Al Ahli Holding Group (AAHG) has signed an agreement with Sony Professional Solutions MEA for the development of the media sector and community within Nomad, a first-of-a-kind purpose-built ecosystem in Dubai. Set to launch this year, the comprehensive development will


LG to employ Microsoft Azure in AI-driven vehicle strategy

LG Electronics (LG) and Microsoft entered into a memorandum of understanding to enhance and further grow LG’s autonomous vehicle and infotainment system business.    Under the terms of the partnership, LG will accelerate the transformation of its exis


Hybrid Air Vehicles wins production approval

Hybrid Air Vehicles (HAV), a British manufacturer of hybrid airships, was recently awarded a Production Organisation Approval from Civil Aviation Authority (CAA), enabling HAV to launch production. HAV, the company behind the innovative Airlander hybrid aircraft, was awarded a De


ME air freight volumes up 1.7pc in November

Middle Eastern airlines’ freight volumes expanded 1.7 per cent in November 2018 compared to the same period a year earlier, said the International Air Transport Association (Iata) in its report for global air freight markets. Capacity increased by 7.8 per cent over the same


Masdar to roll out first e-bus service in Middle East

UAE-based renewable energy company Masdar has collaborated with the Department of Transport, Abu Dhabi bus manufacturer Hafilat Industry and technology major Siemens to officially launch the first fully electric passenger bus in the region. The vehicle will serve a six-stop route


Tata Steel in talks to sell SE Asian assets to Chinese group

India's biggest steelmaker Tata Steel is in talks to sell its assets under NatSteel in Singapore, Thailand and Vietnam to China's number two steel producer, HeSteel Group, reported S&P Global Platts citing industry sources familiar with the matter. The assets


Takeda completes acquisition of Shire

Takeda Pharmaceutical Company Limited today announced the completion of its acquisition of Shire, becoming a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan.    Takeda now has an attractive, expanded geographic footprint


Bahri CEO Joins ITOPF board of directors

The CEO of Bahri, Abdullah Aldubaikhi, has been appointed to the board of directors of ITOPF, the world’s largest ship owner organisation providing objective advice on effective response to spills of oil, chemicals and other substances in the marine environment.  

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