Sunday 5 July 2015

Mubadala MRO unit names interim CEO

SR Technics, a part of the Abu Dhabi-based Mubadala Aerospace MRO network, has named industry veteran Jeremy Remacha as the interim chief executive officer of the Swiss-based company. He had served as the senior vice president for Mubadala Development Company for seven years.


Germany to shut down coal-fired plants

The German government has decided to order the shutdown of several coal-fired plants in order to reach its ambitious climate goals by 2020, government sources told Reuters. Chancellor Angela Merkel and the leaders of her two junior coalition parties also settled a dispute over hi


ArcelorMittal Mexico unit to slash 2,800 jobs

ArcelorMittal, the world's largest producer of steel, will cut 2,800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors, while accusing Russia, China and Turkey of dumping steel on markets at levels below production costs. Alto


Jotun unveils latest ‘Fenomastic My Home’ range

Leading paint manufacturer Jotun its latest ‘Fenomastic My Home’ paint, featuring three new theme with an array of colours. Certain to attract wide-ranging attention in Saudi Arabia, the additions to the existing Fenomastic offering are based on extensive research and


DuPont completes spin-off of Chemours

DuPont has completed the separation of its performance chemicals segment through the spin-off of the The Chemours Company. DuPont common stockholders received one share of common stock of Chemours for every five shares of DuPont common stock , while also receiving cash in lieu of


Infosecurity ME launch set at ISNR in Abu Dhabi

The Infosecurity Middle East is set to be launched at the event edition of the International Exhibition for National Security and Resilience (ISNR 2016) in Abu Dhabi, UAE, next year. The events will run from March 15 to 17 at the Abu Dhabi National Exhibition Centre.


Chargemaster acquires GB Electrical to expand services

Chargemaster, a UK-based supplier and operator of electric vehicle charging points, has acquired GB Electrical, a specialist national contractor that has expanded into the installation of charging points across the country over the past two years. GB Electrical has employed appro


India automotive bearing market set to bounce back

India’s automotive sector is set to revive back after sluggish demand during the period 2012-14, according to a report. The increasing consumer confidence and recovery of the economy has pushed the market towards positive growth, with a similar trend expected in automotive


Abu Dhabi to host major agricultural events

More than 300 agricultural innovations are set to feature in the Global Forum for Innovations in Agriculture (GFIA) to be hosted by Abu Dhabi next year. It will run from February 16 to 18 at the Abu Dhabi National Exhibition Centre. Supported by some of the world&r


Fortress Capital, Film Clinic set up joint venture firm

Fortress Capital Investments, a leading investment firm operating in the Middle East, has collaborated with Film Clinic, a key production company in the Middle East and North Africa (Mena) region, to set up a joint venture company. The Fortress Film Clinic will help establish a f

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