Monday 27 March 2023

Aveva commits to subscription transition

Aveva, a world leader in industrial software, has announced its portfolio-wide transition to a subscription business model.    To accelerate access to modern solutions and meet dynamic business needs, customers can trade-in their existing perpetual licences


Mammoet delivers heavy power equipment to Uzbek project

Mammoet, a leader in engineered heavy lifting and transport of large objects, has delivered heavy power equipment safely for a 1.5GW combined cycle gas-turbine (CCGT) power plant in landlocked Uzbekistan.   Developed by Saudi-based ACWA Power, the new 1.5GW (CCG


Yokogawa secures SBT certification for gas emission targets

Yokogawa Group, a leader in industrial automation and control, test and measurement, said its greenhouse gas emissions reduction targets for 2030 have been certified by the science-based targets (SBT) initiative.   The SBT Initiative is a partnership between the


Indian groups Tata, Aerolam plan key investment in Bahrain

Leading Indian companies - Aerolam, a specialist in the production of insulation materials and Titan, the world’s fifth largest wristwatch manufacturer - are set to launch their operations in Bahrain.    The announcement was made by Bahrain Economic D


Air Products to build Neom's first hydrogen fuelling station

Air Products, a world-leading industrial gases company, has announced that one of its key units, Air Products Qudra, has signed an agreement with Enowa, the energy, water and hydrogen subsidiary of Neom, for the construction and operation of the first hydrogen fuelling station within the mega


Al Rumaihi named Tabreed's Bahrain country manager

 Abu Dhabi-based district cooling company Tabreed has announced the appointment of Ali Al Rumaihi as the country manager for the Kingdom of Bahrain.    In addition to managing the company’s current portfolio of clients, which includes Bahrai


Bahrain economy up 4.2pc in Q3; C/A surplus hits $6.7bn

Bahrain’s real economic growth during the third quarter of 2022 reached 4.2% with consumer price index registering an increase of 3.6%.    The kingdom’s current account surplus increased remarkably from BD978.5 million ($2.63 bi


AD Ports in 30-year agreement to build Egyptian port

AD Ports Group, the leading facilitator of global trade, logistics, and industry, said it has signed a 30-year concession agreement with the Red Sea Ports Authority to develop and operate a multi-purpose port in Safaga in Egypt.   As per the deal, the Abu Dhabi


Mubadala rebrands business management services unit

Abu Dhabi-based sovereign investor Mubadala said its key unit - Mubadala Business Management Services - has been rebranded to Solutions+ as part of its new strategy.    Witth this, Solutions+, a fully-owned Mubadala company, is poised to become the next UAE


New shipping service to link Saudi to Indian subcontinent

The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port to the IMX service run by a maritime consortium that includes Qatar-based shipping and logistics conglomerate Milaha, vessel operator X-Press Feeders, and short-sea carrier Unifeeder.  

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