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GE Aerospace and Kratos partner on small affordable enginesGE Aerospace and Kratos Turbine Technologies, a division of Kratos Defence & Security Solutions, have signed a Memorandum of Understanding to partner on the development and production of small affordable engines. The engines could potentially power u More… |
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Dewa commissions eight new 132 kV substations in H1Dubai Electricity and Water Authority (Dewa) has announced that it has commissioned eight new 132 kV transmission substations during the first half, with a conversion capacity of 1,200 megavolt-amperes (MVA) at a total cost of AED1.36 billion ($370 million). More… |
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JEKTA, ZeroAvia to partner on hydrogen-electric aircraftJEKTA, the Swiss developer of the PHA-ZE 100 amphibious aircraft, has selected ZeroAvia’s fuel cell power generation system (PGS) technology to build a fuel cell variant of its electric amphibious flying boat. This is with a view to line-fit the system as the PHA-ZE 100 variant comes to More… |
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Statevolt Emirates: a giga leap for battery technologyThe $3.2-billion Statevolt Emirates project will be the first gigafactory at large scale, dedicated to battery production in the UAE, helping to accelerate the country’s positioning as a leader in green transition, says CEO Lars Carlstrom in an exclusive interview with Sree Bhat More… |
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EDC buys majority stake in Excellence Premier InvestmentEmirates Driving Company (EDC), a subsidiary of Multiply Group, has announced the acquisition of a 51% stake in Excellence Premier Investment, parent company of the renowned Excellence Driving Centre. The move is part of EDC’s ongoing efforts to ac More… |
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Bayanat plans JV with Korean tech firm Autonomous a2zBayanat, a leading provider of AI-powered geospatial solutions, has announced its intention to enter into a strategic joint venture (JV) partnership with Autonomous a2z, a South Korean autonomous technology firm. The JV will focus on the development and deployment of autonomous systems in the More… |
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Kamco Invest outlines key sustainability initiativesKamco Invest, a regional non-banking financial powerhouse with one of the largest assets under management (AUMs) in the region, has released its 2023 Sustainability Report titled "Simplifying Complexity, Maximizing Impact." The report offers a compre More… |
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Asry signs up DHL Bahrain for express transportation servicesThe Arab Shipbuilding and Repair Yard Company (Asry), the leading ship and rig repair yard in the Arabian Gulf, said it has signed a cooperation agreement with DHL International -Bahrain-, the global leader in the logistics and shipping industry, for express international door-to-door transpo More… |
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Global solar energy storage market set to top $197bn by 2032The solar energy storage market is projected to surge to over $197.1 billion by 2032, reflecting a robust compound annual growth rate (CAGR) over the next decade, according to a report by Global Market Insights. This surge is driven by technological adva More… |
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Kuwait's non-oil sector records solid growth in Q1, says reportThe non-oil sector in Kuwait witnessed solid growth in the first quarter with the non-oil GDP bouncing back with a strong 4.7% year-on-year increase after a 2.3% fall in the previous quarter, according to a report by National Bank of Kuwait. The improvem More… |
