Saturday 22 October 2016

Global distribution transformers market to reach $16.6bn

The global distribution transformers market is set to rise from $13.74 billion in 2015 to $16.67 billion by 2020, at a compound annual growth rate (CAGR) of 5 per cent, according to research and consulting firm GlobalData. The company’s latest report said that the need to e


Nissan acquires 34pc stake in Mitsubishi Motors

Nissan Motor Company has completed its acquisition of a 34 per cent equity stake in Mitsubishi Motors (MMC) and became its largest shareholder.   MMC will also become part of the global Alliance with Nissan and Renault. With the addition of MMC, the alliance will be in the wo


Abu Dhabi Ports displays digital services at Gitex

Abu Dhabi Ports, the master developer, operator and manager of the ports and the Khalifa Industrial Zone in the UAE emirate, showcased its latest digital services and solutions at the Gitex, a global leading technology event, in Dubai, UAE. The event which kicked off on October 1


Jacky’s exhibits RoboCut 3D printing machine

Jacky’s Business Solutions, a leading end-to-end solutions provider for major regional enterprises and corporations, showcased the Ronchini Massimo – RoboCut 3D printing machine at the Gitex, in Dubai, UAE. A turnkey robotic milling solution, the Ronchini Massimo &nda


SR Technics wins Volotea engine agreement

SR Technics, a world leading MRO service provider, said that it has won a 10-year exclusive power by the hour (PbH) agreement from Volotea, the airline of mid and small-sized European cities. In addition to providing engine maintenance, repair and overhaul for the airline’s


EGA’s Guinea container terminal opens

The UAE-based Emirates Global Aluminium (EGA), one of the world's leading aluminium producers, has opened its container terminal in its new port facility at Kamsar, Guinea. The terminal was inaugurated by Republic of Guinea President Alpha Condé. In a si


Enec, Kepco sign JV for UAE nuclear energy project

Emirates Nuclear Energy Corporation (Enec) and Korea Electric Power Corporation (Kepco) have signed a joint venture (JV) agreement for a long-term partnership and cooperation for the UAE’s peaceful nuclear energy programme. Kepco, the prime contractor for the Barakah nuclea


Saudi-Egypt JV to build $1bn steel complex in Suez

Egyptian Suez Canal Authority (SCA) has signed a partnership agreement with a leading Saudi organisation to set up an iron and steel factory in the Ain Sukhna region of Egypt at an investment of $1 billion said a report. As per the deal, Saudi International Expertise Association


FedEx Express to back ‘Women in Leadership’ forum

FedEx Express, a subsidiary of FedEx Corp and the world’s largest express transportation company, said it will support the 2016 Global Women in Leadership Economic Forum as its official Gold Sponsor for the third consecutive year. The forum will take place on October 24 and


TÜV Rheinland acquires T.U.V. Maghreb

TÜV Rheinland AG, a global leader in independent inspection services has announced the acquisition of T.U.V. Maghreb SARL, a leading certification body in the Maghreb Region.  The acquisition is part of TÜV Rheinland's global strategy of expanding its network i

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