Tuesday 23 July 2019
 
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HVAC R Expo to return to Dubai in November

HVAC R Expo, a leading platform for connecting the global heating, ventilation, air-conditioning and refrigeration (HVAC R) industry in the region, will return for a second edition at Dubai World Trade Centre from November  25 to 28, said the event organisers, dmg events. Th

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Expro secures subsea contract offshore Mauritania

UK-based Expro, a leading international oilfield services company, said that it has been awarded a $20 million contract by Pacific Drilling’s subsidiary - Pacific Santa Ana, for the provision of an Intervention Riser System (IRS) for Petronas’ Chinguetti Field Phase II plug and aban

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Bapco's $6bn modernisation programme 25pc complete

Bahrain’s ambitious $6-billion Bapco Modernisation Programme (BMP) is 25 per cent complete with $1 billion having already been spent, said Dr Pete Bartlett, Bapco CEO.   More than 1,300 km of instrument cabling will be laid during the BMP, which is the dis

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Bapco's $6bn modernisation programme 25pc complete

Bahrain’s ambitious $6-billion Bapco Modernisation Programme (BMP) is 25 per cent complete with $1 billion having already been spent, said Dr Pete Bartlett, Bapco CEO.   More than 1300 km of instrument cabling will be laid during the BMP, which is the dist

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ADFD's overseas projects funding soars to $25bn

Abu Dhabi Fund for Development (ADFD), a leading Emirati national entity for international development aid, has announced that it has allocated about Dh92 billion ($25 billion) in development funding and investments to 90 beneficiary countries. Since its inception on July 15, 197

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Utico to buy 88pc stake in Singapore’s Hyflux for $394m

UAE-based utility firm Utico said it has reached an agreement with top Singaporean group Hyflux to buy an 88 per cent stake in the company for S$535 million ($394 million), thus setting the stage for the company's restructuring. Utico pointed out that the deal, which is subje

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Saudi Arabia likely to see surge in M&A activity

Saudi Arabia is expected to witness a leap in merger and acquisition (M&A) activities during the current year, as local and foreign investors have gained confidence due to the positive fundamentals and continued growth of the economy, said a top official. "Confidence is

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UAE residents back nuke energy programme: poll

UAE residents are in favour of, and have a strong understanding of the UAE Peaceful Nuclear Energy Programme, a new national poll on nuclear energy has shown. The poll revealed some of the highest favourability rates for nuclear energy in the world –higher than any other nu

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Schneider Electric seals partnership deal with Nigerian group

Schneider Electric, a leader in digital transformation of energy management and automation, has signed an agreement with EM-One Energy Solutions, a Nigerian sustainable energy engineering company, to help create an African mini-grid industry. The mini-grid industry will involve d

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Mena needs $209bn in power spend over 5 years, says study

Over the next five years, the Middle East and North Africa (Mena) region will need to invest $209 billion in the power sector, according to the latest Mena Power Investment Outlook 2019-2023 report issued by the Arab Petroleum Investments Corporation (Apicorp), a multilateral development fina

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