Saturday 21 July 2018

ABB sees 7pc orders growth from AMEA in Q2

ABB, a Swedish-Swiss industrial corporation, said that its orders in Asia, Middle East and Africa (AMEA) grew 7 per cent (11 per cent in US dollars) with good order demand from China, India and the UAE during the second quarter of 2018. Net income was $681 million, up 30 per cent


Aramco in talks to buy stake in Sabic

Saudi Aramco, the state oil giant, has confirmed that it is engaged in discussions with the Saudi Public Investment Fund (PIF) to acquire a strategic interest in the Saudi Basic Industries Corporation (Sabic), a petrochemicals major.   In a statement, Saudi Aram


DP World signs agreement for new traders market

Global trade enabler DP World and the Zhejiang China Commodities City Group have signed an agreement to build a new ‘Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a built-up area of three million sq m. DP World will be building


Dubai’s trade with China surges 6pc to $48bn in 2017

Dubai’s foreign trade with China grew by 6 per cent to reach as high as Dh176.4 billion ($47.53 billion) in 2017, compared to Dh166.35 billion in 2016, according to a statistic released by Dubai Customs in line with the milestone visit of President Xi Jinping of China to the UAE.


Boeing signs deals for 93 MAX 8 jets worth $11bn

Boeing and four customers have signed commitments for a total of 93 737 MAX airplanes, including a carrier that has committed to 40 of the high-capacity version of the MAX 8 airplane. The commitments, valued at nearly $11 billion at current list prices, were announced at the 2018


Aramco, Korea partner on trade, human resources

Saudi Aramco recently signed an agreement with the Korea Trade-Investment Promotion Agency (Kotra) to collaborate in areas of trade, investment, and human resources (HR). The memorandum of understanding (MoU) was signed by Ahmad A. Al Sa’adi, Saudi Aramco senior vice presid


Volvo’s XC40 achieves top ratings in 2018 Euro NCAP tests

Volvo Cars, a leading car maker, announced that its XC40 model was recently recognised with five stars and top ratings in its 2018 Euro NCAP tests. This achievement highlights that the XC40 model joins its larger siblings in the 60 and 90 series as one of the safest cars on the r


GE, Microsoft partner in major IoT initiative

GE and Microsoft Corp have announced an expanded partnership, bringing together operational technology and IT to eliminate hurdles industrial companies face in advancing digital transformation projects. As part of the union, GE Digital plans to standardize its Predix solutions on


Honeywell launches new gas metering solution

Honeywell, a Fortune 100 software-industrial company, has launched a new gas metering solution that provides easy-to-use health monitoring of midstream metering systems for operations, maintenance and leadership teams. Honeywell Connected Plant Measurement IQ for Gas enhances the


Lockheed Martin gold sponsor of Bahrain air show

Lockheed Martin, the giant American military aircraft manufacturer, will be the gold sponsor of the Bahrain International Airshow (BIAS) 2018, being held in November.    Shaikh Abdulla bin Hamad Al Khalifa, Personal Representative of His Majesty the King an

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