Sunday 21 January 2018
 
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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

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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

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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

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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

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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

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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

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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

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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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SR Technics opens new Manchester Line Station

SR Technics, a leading maintenance, repair and overhaul (MRO) service provider with major presence in the UAE, has opened its new Manchester Line Station in the UK. The new operations, which are part of a larger growth strategy in line maintenance, started already in November 201

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Oman to set up $103.9m fishing port

Oman’s Ministry of Agriculture and Fisheries recently signed a contract for the development of a fishing port in the Wilayat of Barka with Falcon Tourism Investment Company, said a report. The port, expected to cost more than OR40 million ($103.91 million), will be construc

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