Tuesday 30 August 2016

Al Hassan Engineering wins $20m PDO contract

Oman-based Al Hassan Engineering Company (AHEC) has won a $20-million deal from Petroleum Development Oman (PDO) for the construction and commissioning support to the Saih Nihayda Condensate Stabilisation Plant (SNCP), said a report. The scope also includes some residual engineer


Ericsson, Mobily partner to provide advanced data technology

Saudi Arabia-based telecom firm Mobily has joined hands with Ericsson to introduce TDD 4x4 Mimo technology to its LTE network in the western region of Saudi Arabia. This technology will be deployed using the state-of-the-art Ericsson Radio System and L16 network software release,


Philips Lighting backs major Abu Dhabi event

Philips Lighting, a global leader in lighting products, systems and services, has announced that it will be the Gold Sponsor at the Middle East Smart Lighting and Energy Summit, to be held next month, in Abu Dhabi, UAE. The summit, a leading lighting and energy summit in the regi


Iran’s steel exports up 67pc

Iran exported 2 million tonnes of steel and steel products in the four months from March 20 displaying a 67 per cent growth compared to the figure of 1.2 million tonnes for the same period in 2015, said a report. Iran also exported mine and mineral industries products worth $2.4


Saudi's Sadara starts up region's first mixed-feed cracker

Sadara Chemical Company, a leading petrochemical joint venture between national oil giant Saudi Aramco and Dow Chemical, today (August 28) started operating its mixed feed cracker (MFC) at the venture's petrochemical complex in Jubail. The MFC is the only one of its kind in S


Mazda recalling 190,000 CX-7 vehicles in US

Mazda Motor Corp will recall 190,000 of its CX-7 sport utility vehicles from model years 2007 to 2012 in the US because of an issue that may cause a loss of steering control, US safety regulators said on Friday. "In the affected vehicles, water may enter the front suspension


Hapag-Lloyd CEO says planned UASC merger benefits to show in 2017

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from its planned merger with Arab rival UASC next year, and realise them fully from 2019, its CEO said on Friday. The company, which swung into the red in the first hal


Rasmala acquires 72 warehouses in DIP for $81m

Rasmala, an independent investment management group, today announced that it has completed the acquisition of 72 warehouses in Dubai covering nearly 600,000 sq ft (BUA) for approximately Dh300 million ($81.65 million) in partnership with Ajman Bank and other leading Gulf investors.


Work on new flour mill to begin in Sohar

Construction work on a major flour mill in Oman, with  a capacity of 500 tonnes per day, is scheduled to commence next month at a waterfront location within the Sohar Port and Freezone, said a report. The project, envisioned as part of the Omani government’s national f


Iran detects malware in petchem plants

Iran has detected and removed malicious software from two of its petrochemical complexes, a senior military official said on Saturday, after announcing last week it was investigating whether recent petrochemical fires were caused by cyber attacks. The official said the malware at

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