Wednesday 7 December 2016

Diesel generators market to top $16.9bn by 2020

The diesel generators market is expected to grow from an estimated $13.06 billion in 2015 to $16.96 billion by 2020, at a compound annual growth rate (CAGR) of 5.4 per cent, according to a report. The rapidly growing demand for continuous and reliable power across industries and


Expo 2020 'world’s most advanced audiovisual event'

Holograms, massive videoboards, and state-of-the-art audio and lighting displays will be among the audiovisual innovations set to make Expo 2020 in Dubai the world’s most technologically-advanced event, said industry experts at a key regional event. The sixth edition of Inf


8,600 new business jet deliveries forecast through 2026

Business jet makers are forecast to deliver close to 8,600 new planes worth $255 billion between 2016 and 2026, representing a 6 to 7 per cent reduction from the values noted in the 2015 outlook, a new report has unveiled. According to the 25th annual Global Business Aviation Out


Ericsson and Zain partner for 5G development

Ericsson and Zain Group entered into an agreement on 5G research and development during the Zain Technology Conference held this week in Amman, Jordan. The collaboration aims to develop w 5G use cases, requirements and deployment scenarios, as well as evaluate performance and app


Islamic banking assets surge to $924bn in 2015

The assets of Islamic banking reached $924 billion in 2015, with growth rates declining across all regions compared to previous years, says a new report from professional services firm EY. The GCC region’s share of participation banking increased to 72 per cent, as the size


Hyperloop receives $100m in total investment

Hyperloop Transportation Technologies (HTT) has received investments totalling over $100 million which includes the closing of an equity investment of $31.8 million along with total in kind investment and land value of $75 million. The company received an equity investment from E


Veritas Technologies appoints new ME director

US-based Veritas Technologies, a global leader in information management, has appointed Damian Wilk as its new senior regional director for the Middle East region. In his new role, Wilk is set to head the new leadership team based at Dubai, UAE, and will be responsible for the st


Cognizant opens new office in Saudi Arabia

US-based Cognizant, a leading global provider of information technology, consulting and business process services, has expanded its operations in the Middle East region with the opening of a new office in Riyadh, Saudi Arabia. The move will help its clients to leverage the techni


Bitzer expands in Iran with new subsidiary

Germany-based Bitzer Group, a specialist in refrigeration compressors, is expanding its presence in Iran with the setting up of its new subsidiary Bitzer Iranian that will report to its Middle East site in Dubai, UAE. The foundation ceremony for the new subsidiary was held at the


Lockheed Martin sets robotics challenge

More than 161 youth participated in Lockheed Martin’s National Day Weekend Community Robotics Challenge, which was held recently at Lockheed Martin’s Center for Innovation & Security Solutions based in Masdar City, Abu Dhabi. Three teams were awarded for designing

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