Sunday 29 March 2020
 
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Warburg Pincus completes acquisition of Sundyne

Sundyne, a global leader in the design and manufacture of API compliant pumps and compressors, has announced that leading global private equity firm Warburg Pincus has completed the acquisition of Sundyne, from BC Partners Advisors L.P. and The Carlyle Group.  

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Aveva acquires production accounting capability from MESEnter

Aveva, a global leader in engineering and industrial software, announced that it has acquired production accounting software from South Korean based company MESEnter to complete Aveva’s value chain optimisation solution.   MESEnter’s software offerin

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Dynabook offers plug-and-play home office solution

Dynabook, majority-owned by Sharp Corporation, is offering its plug-and-play dynabook Mobile Zero Client (DMZC) hardware for mobile employees in the home office. After a simple initial start-up, Mobile Zero Clients are immediately ready for use without need for further personalis

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Dubai Free Zones Council launches stimulus package

Dubai Free Zones Council has announced an economic stimulus package to complement the Dubai Government’s efforts to overcome the current situation caused by the global Covid-19 pandemic, a media report said. This initiative complements an earlier package announced recently

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Dubai Free Zones Council launches economic stimulus package

Dubai Free Zones Council has announced the launch of an economic stimulus package to complement the Dubai Government’s efforts to overcome the current situation prevailing due to the Covid-19 pandemic.   The package contributes to strengthening and support

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UAE playing vital role in reducing CO2 footprint, says minister

Guided by its leadership's forward-looking vision, the UAE is playing an increasingly prominent role in reducing the carbon footprint and realising sustainable development, said Suhail bin Mohammed Faraj Al Mazrouei, Minister of Energy and Industry, in a statement on the occasion of Earth

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US Steel to idle furnaces, cut Capex to preserve cash

US Steel on Friday said it plans to idle multiple furnaces and slash capital expenditures by $125 million, delaying some projects, to prioritise cash and liquidity in order to better serve customers, said a report.   The company said it will immediately idle the

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Innovative, sustainable ideas can’t be stopped

nova-Institute decided to defy the circumstances and found a new format for its events: The “1st European Summit on CO2-based Aviation Fuels“ (in cooperation with IASA) and the “8th Conference on Carbon Dioxide as Feedstock for Fuels, Chemistry and Polymers“, which too

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Different reality from one airline to another

With a yield decrease of around 5 per cent year-over-year in January/February airlines lost 8 per cent of revenues compared to the start of 2019, according to Holland-based consultancy, WorldACD.   “In our provisional data for February, published two

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KOTC ropes in Microsoft for remote working platforms

Kuwait Oil Tanker Company (KOTC) has announced that it will implement remote working solutions by leveraging modern and secure platforms such as Microsoft 365 including Microsoft Teams. The move will enable KOTC to continue running its mission critical operations while ensuring t

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