Sunday 24 September 2017

DGCX’s Dubai India Crude Oil Futures named best new derivatives contract

The Dubai Gold and Commodities Exchange’s Dubai India Crude Oil Futures (DICO) contract has been recognised as the ‘Best New Derivatives Contract’ at this year’s FOW Global Investor Asia Capital Markets Awards 2017. The ceremony took place late last week at the


Dewa inks strategic deal with Dubai Airports

Dubai Electricity and Water Authority (Dewa) said it has signed a deal with Dubai Airports as part of its efforts to achieve sustainable development, and support the Smart Dubai initiative launched by Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al


UK to start $700m sukuk trial without Dana Gas

A high-profile London High Court trial over a $700 million Islamic bond will go ahead next week without Dana Gas, a UAE-based energy company, according to Financial Times. A civil trial between Dana Gas and its investors was due to open in the High Court this week but was dela


Saudi Arabia plans 80pc hike in gasoline prices

Saudi Arabia is considering raising domestic prices for gasoline and jet fuel by around 80 per cent from November, said a report.   Octane-91 grade gas price will increase from 75 halalas per liter to SR1.35 per liter, reported The Saudi Gazette, citing


Dewa to install PV panels for 640 villas in Hatta

Dubai Electricity and Water Authority (Dewa) is installing solar panels on the roofs of 640 villas for UAE nationals in Hatta, free of charge. This initiative is part of the effort to contribute to the enhancement of environmental sustainability and make Dubai one of the most sus


L&T wins $264m Kuwait pipeline contract

The Hydrocarbon Division of Larsen & Toubro (L&T), an Indian multinational, has won a major pipeline contract with a value close to ₹ 1700 crore ($264.41 million) from Kuwait Oil Company (KOC), said a statement from the company. The contract covers the engineering, procurement


GE wins 50MW Egypt solar plant contract

Technology giant GE has been awarded a contract by the Egyptian government to build a 50MW solar power plant in the country. It is GE’s first full turnkey contract to build a solar power plant. As per the agreement, GE will provide 4.4-MW solar skids featuring GE’s LV


Unique Group signs cooperation deal with Innovo

UAE-based Unique Group, one of the world’s most prominent integrated subsea and offshore solution providers, has entered into a cooperation agreement with UK-based Innovo for for specialised engineering and equipment. As part of the agreement, the two world-leading engineer


Siemens, PAS form ICS cybersecurity partnership

Siemens, a global engineering and technology leader, and PAS Global, a leading provider of industrial control system (ICS) cybersecurity solutions, have announced an agreement to provide fleet-wide, real time monitoring for control systems. By leveraging the unique capabilities o


Abraaj, Engie to develop wind platform in India

The Abraaj Group, a leading investor operating in growth markets, and Engie, a leading multinational utility company and the largest global independent power producer, have partnered to build a wind power platform in India. Together, Abraaj and Engie have identified a robust pipe

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