Tuesday 28 February 2017

Harris wins UAE battlefield management system contract

Harris Corporation, a leading US defence contractor and technology innovator, has secured a two-year contract to provide an integrated battle management system (BMS) to the UAE Armed Forces. The $189 million contract was received during the first quarter of Harris' fiscal 201


Balfour Beatty in deal to sell Middle East ventures

Balfour Beatty, a leading international infrastructure group, said it has reached an agreement with its joint venture partner in the Middle East region to sell its entire stake in Dutco Balfour Beatty and BK Gulf, subject to regulatory approval, for a total cash consideration of £11 milli


DP World company launches 'smart’ online platform

Dubai-based global marine terminal operator DP World said one of its companies, Dubai Trade, has launched an integrated ‘smart’ online platform that connects supply chain stakeholders over a secure network to ensure ease of doing business with the emirate.   Dubai


Kuwait Styrene Company net profit up 11pc

The Kuwait Styrene Company (TKSC), the first and only producer of styrene monomer in Kuwait, said it has registered a 11 per cent growth in its net profit for 2016 which soared to $107 million from $97 million the previous year. Established in 2004, TKSC is an international joint


Honeywell unveils new tech to boost ME supply chains

Honeywell, a global technology and manufacturing leader, has introduced its technology breakthroughs and innovative solutions to address the rapid rise in e-commerce in the Middle East, and the continued development of the region’s manufacturing, retail and logistics sectors.


MBDA wins key UAE anti-ship missile contract

MBDA, a leading European developer and manufacturer of missiles, has been awarded a contract by the UAE Navy to supply additional Marte MK2/N anti-ship missiles. UK-based MBDA was formed in 2011 through a merger of French Aérospatiale-Matra Missiles, Italian Alenia Marconi


US brokerage seals partnership deal with Arqaam

Auerbach Grayson & Company, a New York-based brokerage firm specialising in global trade execution and exclusive in-depth research on developed, frontier and emerging markets, said it has joined hands with Dubai-based Arqaam Capital, the specialist emerging markets investment bank, to offer


Enoc to set up 10 new service stations in 2017

Emirates National Oil Company Group (Enoc) has announced an ambitious plan to build 10 new service stations this year, as part of its 2020 expansion programme to increase its retail network capacity by 40 per cent. The group’s plans for this year commenced with the opening


RDIF, ME funds to buy into Russian Helicopters

The Russian Direct Investment Fund (RDIF) said its consortium comprising leading Middle Eastern funds has finalised a deal to acquire a minority stake in $2.35 billion Russian Helicopters (part of the Rostec State Corporation). According to RDIF, the transaction will involve the


Bahri expands global presence with Mumbai office

Bahri, a global leader in logistics and transportation, has opened a new office in Mumbai to strengthen its presence in the fast-growing Indian maritime industry and lay the foundation to offer diverse shipping services to domestic customers. The new office, located in the centra

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