Monday 20 November 2017

Saudi Arabia to impose 5pc VAT on fuel

Saudi Arabia will apply the standard value added tax (VAT) of five per cent on fuel, the kingdom's General Authority of Zakat and Tax (GAZT) has been quoted as saying.   The confirmation was stated in a reply to an online question whether there would be a VA


UAE wins bid to host 33rd World LPG Forum

The UAE has won a global bid to host the 2020 edition of the prestigious World LPG Forum, an event organised by the World LPG Association (WLPGA), the authoritative voice of the global liquefied petroleum gas (LPG) industry. The Enoc Group will host the event in Dubai in 2020.


Schneider opens Innovation Hub on Wheels in Dubai

Schneider Electric has inaugurated the Innovation Hub on Wheels at Dubai Silicon Oasis, showcasing its next-generation EcoStruxure architecture and platform that delivers IoT-enabled open and interoperable solutions across user segments. Schneider Electric has inaugurated the Inn


UAE’s IoT market to triple to $35bn by 2019

The UAE’s IoT market is set to more than triple to USD 35 billion by 2019, industry experts said on the sidelines of the Smart Life exhibition in Ajman, UAE citing recent report by research firm MicroMarket Monitor. As a result, organizations across the region can transform


Wärtsilä-built power plant inaugurated in Oman

Musandam Independent Power Project (IPP), a 120 MW power plant supplied and built by Finland-based technology group Wärtsilä, was recently inaugurated in northern Oman. The ceremony was attended among others by executives from the plant owners, Musandam Power Company (M


Esco to power Dewa water reservoirs with solar PV

Etihad Energy Services Company (Etihad Esco) has been awarded the contract for the development, and installation of solar photovoltaic (PV) systems at Dubai Electricity and Water Authority (Dewa) water reservoirs. The installation of solar PV systems on Dewa’s water reservo


$1bn energy, solar plants to power Oman

Oman is working on over RO400 million ($1.04 billion) worth of electricity, gas and solar projects to cater to the growing demand in the sultanate, said a report. To encourage future energy-related ventures in the country through attracting domestic and foreign investments, the g


Global oil demand to grow 1.51mbpd in 2018: Opec

World oil demand is expected to rise by 1.53 million barrels per day (mbpd) in 2017 after an upward adjustment of 74,000 barrels per day (bpd) to account for the better-than-expected performance of China in the third quarter of 2017, according to Opec Monthly Oil Market Report for November 20


Adnoc, Linde to explore industrial gases unit expansion

Abu Dhabi National Oil Company (Adnoc), has signed a memorandum of understanding with the Linde Group to explore the expansion of nitrogen facilities in Ruwais, Abu Dhabi, to meet future industrial demand.    This represents a continued commitment to joint


Enec in major nuclear plant construction milestone

Emirates Nuclear Energy Corporation (Enec) and its Korean joint venture partner Kepco have achieved a series of construction milestones on the units of the Barakah Plant with the successful installation of reactor containment building liner dome section and completion of concrete pouring for th

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