Sunday 21 January 2018

Aramco signs agreement for crude to chemicals technology

Saudi Aramco, through its wholly-owned subsidiary Saudi Aramco Technologies, has signed a three-party Joint Development Agreement (JDA) to scale up and commercialize Aramco’s thermal crude to chemicals (TC2C) technology. The JDA was signed with CB&I, a US-based leading


Audi reports record sales in 2017

Audi AG has increased its global sales for the eighth year in a row, despite a turbulent first half of the year, achieving a new record of 1,878,100 deliveries in 2017, which represents an increase of 0.6 per cent over the previous year. The company sold more than in the previous


Gulf Navigation refinances two petchem carriers

Dubai-based Gulf Navigation Holding has announced refinancing 'Gulf Mishref' and 'Gulf Mirdif' petrochemical carriers, less than a month after increasing its capital to Dh1 billion ($272.25 million) through an initial public offering (IPO). The move underlines the


GE showcases H-class gas turbines at WFES

Technology giant GE is currently showcasing its industry-leading technologies that offer greater efficiency, flexibility, sustainability and savings for the power sector at the World Future Energy Summit (WFES) in Abu Dhabi, UAE. The event, which kicked off on January 15, will co


Masdar signs pact to speed up desal technologies

Masdar has signed an agreement with Saudi Arabia’s Saline Water Conversion Corporation (SWCC) and the Abu Dhabi-based Khalifa University of Science and Technology (KUST) to advance development of sustainable desalination technologies. The memorandum of understanding (MoU) w


SEC signs EV project with 3 Japanese firms

The Saudi Electricity Company (SEC) has signed a cooperation agreement with three Japanese firms to implement an electric car pilot project in the kingdom. The project aims to evaluate and develop such trend in line of the company strategy of reducing dependency on oil and boosti


Box Makers signs up for Gulf Industry Fair

Box Makers, a leading provider of print and paper-based packaging company in the Middle East, will be taking part in the upcoming Gulf Industry Fair in Bahrain.   Gulf Industry Fair, the Northern Gulf’s leading annual industrial expo, takes place from Febr


Badir Program startups raise $12m funding

The technology startups incubated by Badir Program, one of the King Abdul Aziz City for Science and Technology main initiatives, have successfully raised more than SR48 million ($12.79 million) during 2017 through 15 funding deals. The funding deals were led by the supporting ven


GCC’s demand for iron, steel casting to grow by 5pc

The GCC’s demand for iron and steel casting is expected to grow by 5 per cent over the next five years, according to a report from Frost & Sullivan, a business consulting firm involved in market research and analysis. The growth is mainly driven by demand in valves, pum


Emerson opens $25m technology centre in Dhahran

US-based Emerson, a global technology and engineering company, today (January 17) inaugurated its new technology and innovation centre, worth SR94 million ($25 million), at Dhahran Techno Valley, in Dhahran, Saudi Arabia. The inauguration ceremony was held under the patronage of

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