Saturday 6 June 2020

Smart cities need of the hour 'but increasingly vulnerable'

Smart cities are expected to boost lucrative business opportunities for the UAE as well as the region. However, the Internet of Things (IoT), the technology underpinning these complex and interconnected urban networks, offers a considerably expanded attack surface for cyber adversaries of all


Dewa app ranked among top three govt apps

The smart app of Dubai Electricity and Water Authority (Dewa) has been announced as one of the top three smart apps in the Government of Dubai. Dewa’s website has also been ranked one of the best three websites.   This is as per the evaluation


Ideal Standard unveils new range of pre-wall installation solutions

Ideal Standard, one of the world’s leading manufacturers of bathroom solutions for more than 100 years, has launched ProSys, a comprehensive range of pre-wall installation solutions. ProSys system provides the complete installation solution for all bathroom fixtures - toile


Acciona, Marubeni vie for Saudi sewage treatment plant project

Saudi Water Partnership Company (SWPC) has announced that five international consortiums have been prequalified to bid for two new independent sewage treatment plants (ISTPs) at Buraydah and Tabuk regions of the kingdom.   The consortiums include those led by Spanish groups A


Lootah makes big investment in smart building technology

UAE-based Lootah Real Estate Development (Lootah) said it has optimised a smart building technology to significantly reduce energy consumption and the costs of maintenance and utilities for building tenants and owners.   The real estate developer has partnered w


Facilio launches remote ops toolkit for real estate owners

Facilio, an AI-driven property operations and maintenance platform, has announced the launch of REbuild, a remote operations toolkit that helps real estate owners drive efficiency, boost productivity and improve operating margin.    REbuild is a ready-to-de


L&T delivers critical equipment to GCC customers amid lockdown

India's top engineering and construction firm Larsen & Toubro (L&T) said its key subsidiary L&T Heavy Engineering has successfully delivered critical equipment to its customers in the UAE and Oman besides other key markets of China and France during lockdown. &nbs


Union Properties claims $408m for completed project work

Union Properties, one of the largest real estate development companies in the UAE, has announced one of its subsidiary companies, has initiated arbitration procedures to claim approximately Dh1.5 billion ($408 million) owed to the company.   The claim is related


Rolls-Royce, Daimler to develop stationary fuel-cell systems

Global auto giant Daimler Truck and British technology group Rolls-Royce have signed a co-operation agreement on development of stationary fuel-cell generators as emission-free alternatives to diesel engines, which are currently being used as emergency power generators or to cover peak loads.


Investcorp closes €340m second Italian NPL fund

Investcorp, a leading global provider and manager of alternative investment products, today announced the fully subscribed final closing of approximately €340 million in commitments for its second vintage Italian Distressed Loan Fund II (Italian NPL Fund II), which is exclusively advised

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