Sunday 26 April 2015

RAK FTZ opens new district cooling plant

Ras Al Khaimah Free Trade Zone (RAK FTZ) has opened a district cooling plant built at a cost of Dh25 million ($6.8 million) to help meet its air-conditioning demand. The plant, which uses chilled water to control air temperature and treat ventilated air in RAK FTZ buildings, was


Gulf Warehousing posts 40pc jump in Q1 profit

Qatar-based Gulf Warehousing Company said it has registered a strong 40 per cent increase in its net profit for the first quarter compared to the previous year, thus giving a bullish start to 2015. Qatar-based Gulf Warehousing Company said it has had a bullish start to 2015, with


Gulf Dynamic Switchgear nets 24pc growth

Gulf Dynamic Switchgear (GDS), a leading UAE-based manufacturer of low voltage switchgear panels, said it has registered a 24 per cent year-on-year growth in 2014, further strengthening its position as a market leader in the Gulf region.   A wholly-owned subsidiary of Mashari


Svitzer to take delivery of Damen ASD tugs

Salvage and towage specialist Svitzer is all set to take delivery of two new Damen ASD tugs. Svitzer will operate the tugs, an ASD 2310 named Svitzer Yuma and an ASD 2411 named Svitzer Freeport in and around the port area of Freeport on the Bahamian island of Grand Bahama.


Toshiba wins order to supply STG for power plant in Mexico

Toshiba Corporation has won an order to supply two sets of steam turbine generators (STG) for the Norte III Combined Cycle Power Plant in Chihuahua, Mexico. The firm will deliver to the site from August next year, with the plant scheduled to come on line in August 2017, said a st


DP World eyes dollar bond, plan announcement soon

DP World, one of the world's biggest port operators, wants to issue a dollar-denominated bond and could announce plans to market the deal to fixed-income investors as soon as next week, three sources aware of the matter said on Thursday. The Dubai-based firm could raise betwe


Gulf Print and Pack posts 26pc rise in visitors

Gulf Print and Pack 2015, a leading platform in the Middle East for the commercial and package printing industry which recently concluded in Dubai, has posted a 26.7 per cent rise in visitor numbers. Its visitors came from more than 110 countries underlining the show’s grow


Rolls-Royce appoints new CEO

Aircraft engine maker Rolls-Royce has turned to one of Britain's most successful technology executives, Warren East, to restore its fortunes after a year marred by falling profit, job cuts and cancelled orders. The British company's announcement yesterday said that John R


DI’s coloured solar panels gets huge response at Wetex

Dubai Investments (DI), a leading investment company listed on the Dubai Financial Market, said its energy-efficient coloured solar panels and eco-friendly innovations have received overwhelming response at Wetex 2015 exhibition, which will conclude today (April 23) in Dubai, UAE.


Top industry experts to attend major agro-food event

More than 85 industry experts from across the globe will be in Lagos, Nigeria, to take part in the 'Agro-food & Plast-Print Pack Nigeria 2015’ expo which opens next week. The event will see companies display various latest technologies and offer solutions for the developm

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