Sunday 19 April 2015

Drydocks World wins a new ISO certificate

Drydocks World, leading international service providers to the shipping, offshore, oil, gas and energy sectors, has won the ISO 3834-2: 2005 certificate for quality requirements on fusion welding of metallic materials. The certificate validates Drydocks World’s capabilities


ME contract logistics to expand 33pc by 2017

The contract logistics sector in the Middle East region is poised to expand 33 per cent by 2017 – an average of 7.5 per cent a year, according to a report ahead of a key industry summit in Dubai. Sheikh Ahmed bin Saeed Al Maktoum, the president of Dubai Civil Aviation Autho


Maersk plans to cut 200 jobs in oil unit

Denmark's A.P. Moller-Maersk will cut 200 jobs in its Maersk Oil unit due to a drop in the oil price and to reduce operating costs by 20 percent over the next two years, it said. The cuts will fall in Maersk's headquarters, Qatar and UK business locations, and will affect


Oman cement Q1 net profit up 3.7pc

Oman Cement, one of the sultanate's largest cement firms, has reported a 3.7 per cent rise in first-quarter net profit, beating analyst forecasts. The company made a net profit of RO3.83 million ($9.95 million) in three months to March 31, up from RO3.70 million in the corres


Raytheon to acquire Websense for $1.9bn

US arms maker Raytheon Company has agreed to buy Websense from private equity firm Vista Equity Partners, in a deal that values the network security company at $1.9 billion, including debt, according to people familiar with the matter. Raytheon will combine Websense with its own


Top experts at Abu Dhabi plastics show

Leading manufacturers of machineries for industrial plastics and piping sector from across the globe will head to Abu Dhabi, UAE,  this September for the Gulf Plastics & Polymers Show (GPPS).   To be held from September 8 to 10 at the Abu Dhabi National Exhibition C


Coke to buy China drinks maker for $400m

Coca-Cola has agreed to buy the beverage business of China Culiangwang Beverages Holdings for $400.5 million including debt, to get a foothold in the fast growing multi-grain drinks category. The deal marks Coke's first takeover in China since the country's antitrust regu


Oman Air seals joint venture deal with Cargolux

Oman Air, the sultanate's national carrier, has signed a joint venture agreement with Luxembourg-based Cargolux Airlines International to develop the Muscat airport as a logistics hub for air cargo between India, China, Africa, Europe and the US. Europe’s leading


Honeywell's revenue falls on unit sale

Honeywell International, a major manufacturer of aircraft electronics and climate control systems, has reported a five per cent fall in quarterly revenue, hurt by the sale of its friction materials business and a strong dollar. The firm also cut its full-year revenue forecast to


Rolls-Royce wins $9.2bn order from Emirates

Rolls-Royce said it had won a $9.2 billion order to supply engines for 50 A380 aircraft for Dubai's Emirates airline, providing a boost for the British company after a torrid year of profit warnings. Rolls-Royce said the order was the largest in its history, pushing its share

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