Monday 27 March 2023

GE wins new order for TM2500 technology from Yemen

GE has announced an order for fast, and flexible power from Yemeni state-owned Masila Petroleum Exploration and Production Company (PetroMasila), which operates the exploration and production of oil in Yemen.    Many oil field operators who flare associated


Dubai Police to promote maritime safety and security at SMLME

The latest trends and challenges in the maritime safety and security sector will be discussed at the Seatrade Maritime Logistics Middle East (SMLME) event, supported by the Dubai Police.    Held under the patronage of the UAE Ministry of Energy and Infrastr


Edge fortifies portfolio, acquires Trust International Group

Edge Group, a world-leading advanced technology and defence group, has acquired Trust International Group, a defence trading specialist and major supplier of premium solutions to the UAE Armed Forces and security firms.     UAE-based Trust will join Ed


Aramco acquires 10% stake in China's Rongsheng

Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a 10% interest in Shenzhen-listed Rongsheng Petrochemical Co for RMB24.6 billion ($3.6 billion at current exchange rates), in a deal that would significantly expand


Foulath Holding supports tree planting initiative

Foulath Holding, an industrial holding company with major steel projects, has partnered with the Supreme Council for Environment (SCE), the Municipality of Muharraq and CleanUp Bahrain (CUB) to support the ‘Green Up’ project, a local initiative that aims to promote greenery across


Birla Carbon to showcase innovative products at coatings event

Birla Carbon, one of the leading manufacturers and suppliers of high-quality carbon black solutions, will exhibit an innovative range of carbon black products at the  European Coatings Show 2023, in Nuremberg, Germany, from March 28 to 30.     The


Dubai Free Zones Council commits to D33 goals; green economy

The Dubai Free Zones Council (DFZC) has affirmed its commitment to achieving the goals of Dubai Economic Agenda (D33), which aims to position Dubai among the top three global cities and double the size of its economy in the next decade.   Headed by Sheikh Ahmed


DP World’s overseas logistics investments top $10bn mark

DP World has invested more than $10 billion in the global logistics sector since 2012, making it one of the top five overseas investors in this period, according to the latest foreign direct investment (FDI) data released by leading industry consultants.   The F


Bahrain's Amakin approves $1.74m cash dividends for 2022

Bahrain Car Parks Company’s (Amakin) Annual General Meeting has approved the distribution of cash dividends to shareholders at the rate of 6% of the paid-up capital, equivalent to BD655,816 ($1.74 million) for 2022.    Amakin highlighted that the year


Aramco JV to start refinery, petchem complex works in China

Aramco and joint venture partners Norinco Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated refinery and petrochemical complex in northeast China. Huajin Aramco Petrochemical Company (Hapco), a joint venture between Aramco (30%), Norinco

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