Wednesday 29 June 2016

Asimco reinforces product portfolio

Asimco, one of the leading players in brake products in the global automotive aftermarket being distributed regionally by Al-Muqarram Auto Spare Parts Trading (A-MAP), has announced that its product portfolio has been reinforced. The company, which launched its range of brake flu


VW’s US emissions settlement to cost $15bn

Volkswagen’s settlement with nearly 500,000 US diesel owners and government regulators over polluting vehicles is valued at more than $15 billion cash, two sources briefed on the matter said on Monday. The settlement, to be announced on Tuesday in Washington, includes $10.0


Morocco sells 40pc stake in port operator in IPO

The Moroccan government raised 1.94 billion dirhams ($197 million) by selling a 40 per cent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year, traders said on Monday. Marsa Maroc was established in 2006 and manages termina


Dubai's RKN Global scraps Slovakia factory plan

Dubai-based secure printing specialist RKN Global has scrapped plans for an 89 million euro ($98 million) factory in Slovakia, blaming hostility from the Slovak opposition and media, as well as increased uncertainty after Britain's vote to leave the European Union. The company said


Canon unveils new portable zoom lens for 4K cameras

Cannon Middle East, a leading camera manufacturer in the region, recently unveiled the CJ20ex7.8B, a 2/3” portable 4K zoom lens for professional broadcast which offers a 20x zoom ratio and focal-length range from 7.8mm to 156mm. First shown as a prototype at IBC 2015 in Amsterdam


KAEC in deal to set up new business, entrepreneurship college

The Mohammad bin Salman Foundation (MISK) Charitable Foundation and King Abdullah Economic City (KAEC) have signed a cooperation deal with US-based Babson College and Lockheed Martin to start the Prince Mohammad bin Salman College of Business and Entrepreneurship in KAEC, Saudi Arabia.


Masdar consortium wins 800MW Dubai solar park bid

A consortium led by UAE-based renewable energy company Masdar including the Spanish companies FRV (Fotowatio Renewable Ventures) and Gransolar Group, has won the bid for the 800 megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The announcement


Egas to tender for 3rd gasification vessel

Egyptian Natural Gas Holding Company (Egas) is to put forward a global tender this week to rent a third gasification vessel with the capacity of 750 million cubic feet of gas per day.   Minister of Petroleum and Mineral Resources Tarek El-Molla told Daily News E


UK academic delegation visits DMCA head office

Dubai Maritime City Authority (DMCA) showcased Dubai’s global maritime leadership and its latest developments during a recent visit by a high-level academic delegation from the UK to its head office in Dubai, UAE. The delegation from the City of Glasgow College commended th


Dubai to host key district cooling conference

Leading experts and professionals in the district cooling sector will discuss latest developments at the International District Energy Association (Idea) 2016 International District Cooling Conference, to be held in Dubai, UAE. The conference will be held from November 13 to 15,

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