Thursday 20 January 2022

Global FDI rebounds strongly to hit $1.65trn in 2021

Global foreign direct investment (FDI) flows showed a strong rebound in 2021, up 77% to an estimated $1.65 trillion, from $929 billion in 2020, surpassing their pre-Covid-19 level, according to UNCTAD’s Investment Trends Monitor. “Recovery of investment flows to devel


UAE ministry seals partnership deal with Schneider Electric

The UAE Ministry of Industry and Advanced Technology (MoIAT) today (January 19) signed a partnership deal with Schneider Electric, a global leader in energy management, to help boost  enhance sustainability across the UAE’s manufacturing sector.   In


Alba and Mitsubishi Heavy Industries ink MoU for carbon capture

Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, has inked a Memorandum of Understanding (MoU) with Mitsubishi Heavy Industries EMEA (MHI EMEA), part of Mitsubishi Heavy Industries (MHI) Group, today (January 19) to collaborate on opportunities to reduce Alba&rs


Masdar, Engie tie with Fertiglobe to co-develop green hydrogen

Masdar and Engie, a global player in low-carbon energy and services, have signed a collaboration agreement with Fertiglobe, to co-develop a globally cost-competitive green hydrogen facility in the UAE. This will have a capacity of as much as 200 megawatts (MW), to support the production of gr


TotalEnergies, Masdar to develop green hydrogen for SAF

As a step towards building Abu Dhabi as a green hydrogen hub, TotalEnergies is lending its expertise in the energy sector to a Masdar-led initiative focused on green hydrogen to produce sustainable aviation fuel (SAF).    Senior executives from Masdar, one


GAC Bunker Fuels’ GHG emissions verified by Bureau Veritas

Crossing a milestone in its goal to be net carbon zero by 2030, GAC Bunker Fuels’ Greenhouse Gas (GHG) emissions calculations have been verified by Bureau Veritas UK Limited.    Carbon emissions are classified into categories or ‘scopes’.


Heriot-Watt University Dubai wins top sustainability rating

Heriot-Watt University’s Dubai campus at Dubai Knowledge Park has been awarded Gold status by the Leadership in Energy and Environmental Design (LEED), the most widely used green building rating system in the world.    Gold certification is


Honeywell to unveil advanced technologies at Saudi IKTVA expo

Global technology company Honeywell will be showcasing its advanced solutions that support Saudi Arabia’s long-term strategic objectives related to localisation and sustainability at this year’s In-Kingdom Total Value Add (IKTVA) Forum and Exhibition which kicks off in Dhahran on


Dubai WoodShow to see closing of over $500m deals

Dubai WoodShow, the leading platform for wood and woodworking machinery industry in the Middle East & North Africa (Mena) region, is gearing up to unveil a key event that is set to see companies closing deals worth over $500 million following a massive influx of visitor registrations in t


Damen signs up Erma First for ballast water treatment system

Damen, an international shipyard group, has signed its first contract with ballast water treatment systems producer Erma First for the world’s smallest ballast water treatment system.    Greek company Erma First will be supplying its oneTANK,  wh

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