Monday 23 October 2017

Ithraa hosts ‘Invest in Oman’ forum in Geneva

Oman-based Ithraa, the sultanate's inward investment export development agency, in partnership with Arab-Swiss Chamber of Commerce and Industry recently held a one-day Invest in Oman Forum at Geneva’s Hotel President Wilson, Switzerland. The forum helped underline the i


Emerson agrees to acquire Paradigm for $510m

Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry, for a purchase price of $510 million, reflecting a multiple of 13 times expected 2017 EBITDA.    Paradigm, joined with Emerson’s existing Ro


Turkey to supply 50,000T tomatoes to Russia

Four Turkish producers have obtained permission on tomatoes supplies to Russia in the amount of 50,000 tonnes, Russia’s Energy Minister and co-head of the Russia-Turkish intergovernmental commission was quoted in a media report. Respective regulatory changes are being prepa


RTA, DP World in tie-up on driver permits

Dubai’s Roads and Transport Authority (RTA) has signed an agreement with DP World – UAE Region for assisting in issuing driver permits and offering licensing services. The agreement is part of RTA’s efforts to enhance the integration and coordination with public


Mubadala launches new venture capital business

Abu Dhabi-based investment company Mubadala has announced the launch of its new venture capital business in partnership with leading Japanese conglomerate SoftBank. The venture capital initiative will sit within the group's financial investment arm, Mubadala Capital, said the


Red Sea Gate Terminal receives 'world’s largest’ quay cranes

Saudi-based Red Sea Gate Terminal (RSGT), the flagship container docking terminal at Jeddah Islamic Port, has announced the arrival of four of the world’s largest and most modern ship-to-shore quay cranes at Jeddah. The arrival of the new cranes will enable the terminal to


BT, Hitachi partner to develop IoT solutions

BT, one of the world's leading providers of communications services and solutions, and Hitachi Vantara, a wholly owned subsidiary of Hitachi Ltd, have announced a global partnership to co-create innovative solutions in the area of industrial and enterprise internet of things (IoT).


Jebel Ali Port expands Container Terminal 3 productivity

Dubai-based global marine terminal operator DP World is stepping up container handling productivity at its flagship Jebel Ali Port, by adding 1.5 million TEU (twenty-foot equivalent units) to Container Terminal 3 (T3). The expansion is in response to emerging market demand and in


Bahrain’s manufacturing, logistics sectors draw $200m in H1

Bahrain attracted more than $200 million worth of investment into its manufacturing and logistics sectors in the first half of this year, revealed the Bahrain Economic Development Board (EDB). The investments are expected to create approximately 1,000 jobs over the next three yea


Rockwell Automation to showcase digital solutions at Adipec

US-based Rockwell Automation, one of the world's largest companies dedicated to industrial automation, will showcase its digital oilfield and ConnectedProduction solutions at the upcoming Abu Dhabi International Petroleum Exhibition and Conference (Adipec), to be held in Abu Dhabi, UAE.

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