Saturday 25 May 2019
 
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DP World chief holds talks in Brazil on FDI, rules

DP World Group chairman and CEO Sultan Ahmed bin Sulayem has held discussions with Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo on foreign direct investment and regulatory framework.    They discussed social reform, a stable and efficie

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Thyssenkrupp names CEO for Saudi industrial solutions unit

Leading engineering major thyssenkrupp has appointed Volker Hellberg as the new country chief executive officer of its industrial solutions unit in Saudi Arabia replacing Thomas Dreiling who moves to Germany as head of the operating unit cement plants. Hellberg has a long track r

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DMCC woos investors in Europe, China

DMCC, a major free zone and Government of Dubai Authority on commodities trade and enterprise, has completed roadshows and presentations this month in Sweden, the UK and China, highlighting the opportunities available through DMCC for companies seeking expansion to global markets through Dubai.

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KBR wins Algeria oil field upgrade contract

KBR, a global provider of differentiated professional services, said it has been awarded a contract by Sonatrach and Cepsa to provide basic engineering design (BED) and front-end engineering design (Feed) for the Rhoude el Krouf Field (RKF) redevelopment in Algeria. The RKF field

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British Steel on the brink of collapse, 5,000 jobs at risk

British Steel, the country’s second largest steel producer, is set to be placed into an insolvency process, putting 5,000 jobs in the UK at risk and endangering 20,000 in the supply chain, reported BBC. British Steel employs around 5,000 people, mostly in Scunthorpe, in the north

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LG to accelerate development of AI devices with own AI chip

As part of its strategy to accelerate the development of AI devices for the home, LG has developed its own artificial intelligence chip (AI Chip) with proprietary LG Neural Engine to better mimic the neural network of the human brain to greatly improve the processing of deep learning algorithms

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Dubai FDI mission highlights opportunities in Spain

Dubai FDI, the investment development agency of Dubai Economy (DED), has successfully promoted the emirate’s key advantages as a global investment destination during a recent mission to Spain.   The Dubai delegation, which also included executive leaders f

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Aramco, Sempra sign HoA for Arthur LNG project

Sempra Energy and Saudi Aramco today announced that their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HoA) over the Port Arthur LNG export project under development.    The HoA anticipates the negotiati

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Abu Dhabi's Borouge plans to set up new production unit

Abu Dhabi Polymers Company (Borouge) has announced that it will significantly increase production of pre-compounded black polyethylene (PE) for pressure pipe applications by investing in a production unit which is expected to be completed within 2020. The company’s decision

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Dana Gas starts drilling operations at offshore Egypt

Dana Gas has announced that it commenced drilling operations yesterday at its Merak-1 well, offshore Egypt. The location is in 755 m of water in the North El Arish concession, also known as Block 6. This block is in the Eastern Mediterranean Basin where other giant natural gas di

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