Monday 26 June 2017

DME auctions 4m barrels of Iraqi crude for Somo

Dubai Mercantile Exchange (DME) hosted its latest Auctions today (June 21) on behalf of Iraq’s National Oil Company, Somo. This included the first cargo of Basrah Heavy crude sold via DME Auctions. A two-million barrel cargo of Basrah Heavy was awarded at a premium of $1.18 over


Wared wins top Saudi road transport services award

Saudi-based Wared Logistics, a joint venture between Zahid Group Holding and Saudi Binladin Group, won key recognition at the 2017 Frost & Sullivan Middle East Best Practices Awards Banquet, held recently in Dubai, UAE. Frost & Sullivan Awards recognises companies across


Thuraya Telecom launches new M2M service

UAE-based Thuraya Telecommunications Company has announced the launch of the its new IP M2M Service to support high volume, high throughput machine-to-machine (M2M) applications. The service is powered by Thuraya's real-time, two-way IP network with speeds of up to 444 Kbps,


IBM, Zain launch cloud recovery service in Kuwait

IBM and Zain, a top telecom company in Kuwait, have partnered to launch a new cloud disaster recovery service that will provide IBM and Zain’s enterprise customers with cloud-based business continuity capabilities. It will also offer faster disaster recovery of their critic


PCCW, ATM Mobilis partner for digital solutions

PCCW Global, a unit of HKT, a top telecom service provider in Hong Kong, has partnered with ATM Mobilis, a leading Algerian mobile telecom firm to enable the latter to offer customers access to PCCW Global’s international connectivity. ATM Mobilis will also offer a portfoli


India's Sterling and Wilson wins major UAE power project

India-based engineering firm Sterling and Wilson has won both the turnkey engineering, procurement and construction (EPC) and operation and maintenance contract for the world’s largest single location solar photovoltaic (PV) plant at Sweihan in Abu Dhabi, UAE. The plant is


Gulf Business Machines names new CEO

Gulf Business Machines (GBM), one of the leading providers of IT solutions in the region and a major distributor for IBM products, has appointed Martin Tarr as its new chief executive officer.   In his new role, Tarr will be responsible for leading the overall,


Etihad Airways Engineering, DHL partner to enhance MRO logistics

Etihad Airways Engineering, a leading aviation maintenance, repair and overhaul (MRO) provider in the Middle East, has signed a Letter of Intent with contract logistics solutions leader DHL Supply Chain to outsource its entire internal logistics functions. DHL Supply Chain will m


Saudi bourse in MSCI Emerging Market Index watchlist

The Saudi Stock Exchange (Tadawul) said it has been named by MSCI, a major provider of equity, fixed income, hedge fund stock market indexes, and equity portfolio analysis tools, to its Emerging Market Index watchlist.   The announcement comes on the heels of a


Airbus launches new aviation data platform

Airbus has launched a new aviation data platform in collaboration with Palantir Technologies, pioneers in big-data integration and advanced analytics.  Skywise aims to become the single platform of reference used by all major aviation players to improve their operational per

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