Friday 31 March 2023

Genie starts delivery of aerial lifts for Saudi FM contract work

Genie, a unit of global lifting solutions specialist Terex Corporation, said it has started delivery of 135 Genie boom and scissor lifts to Saudi group Al Majal Al Arabi, a leading provider of facility management and general maintenance services, for speedy deployment at Makkah and Madinah mo


AD Ports Group revenue soars 41% to $1.5bn in 2022

AD Ports Group, the exclusive developer and regulator of ports in Abu Dhabi, reported strong operational and record financial performance in 2022, with revenue growth of 41% year-on-year to AED5.5 billion ($1.5 billion). The Group expanded its global footprint and service offerin


Yokogawa releases OpreX Asset Health Insights

Yokogawa Electric Corporation has released OpreX Asset Health Insights (2.0), an enhanced version of the company's cloud-based plant asset monitoring service, which is part of the OpreX Asset Management and Integrity family.    In addition to having pow


Firms to develop aquaculture projects in Oman, Singapore

Blue Aqua International, Bahwan Services and Trading (BSTL), and Muscat Investment House (MIH) have announced a strategic partnership to develop major aquaculture projects in Singapore and Oman.    The partnership aims to support the sustainable growth of t


SIIG agrees to invest $70m in Unibio

The Saudi Industrial Investment Group (SIIG), a privately owned petrochemical firm, has signed an agreement to invest approximately $70 million in Unibio International, the leading sustainable protein company.    The investment in Unibio will be paid in two


46 mining licences issued by Saudi Arabia in January

The Saudi Ministry of Industry and Mineral Resources has issued 46 new mining licences during January 2023, including 31 exploration licences, 14 building materials quarry licences, and an excess mineral ores licence.   According to the report of the Ministry


Mena e-commerce market to grow to $57bn by 2026

The Middle East and North Africa (Mena) region’s total e-commerce market size is expected to reach $57 billion in 2026, with a CAGR of 11% over the 2022-2026 period.   The market reached $37 billion in 2022, with a double-digit growth rate from 2021 and a


Boskalis wins key UK offshore wind farm project

Leading Dutch dredging group Royal Boskalis Westminster (Boskalis) has secured a major contract for a multidisciplinary offshore wind farm project in Scotland.   The 882 MW Moray West wind farm project will have the capacity to power up to 640,000 homes in Unite


GE wins new order for TM2500 technology from Yemen

GE has announced an order for fast, and flexible power from Yemeni state-owned Masila Petroleum Exploration and Production Company (PetroMasila), which operates the exploration and production of oil in Yemen.    Many oil field operators who flare associated


Dubai Police to promote maritime safety and security at SMLME

The latest trends and challenges in the maritime safety and security sector will be discussed at the Seatrade Maritime Logistics Middle East (SMLME) event, supported by the Dubai Police.    Held under the patronage of the UAE Ministry of Energy and Infrastr

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