Monday 20 February 2017
 
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Oman in first private power plant contract extension

Oman Power and Water Procurement Company (OPWP) has signed a deal formally allowing Al Kamil Power, one of the country's earliest Independent Power Projects (IPP), to remain in operation for another four years beyond its existing contract which expires in 2017, said a report.

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Dubai launches new 3D technology centre

The Dubai Future Foundation (DFF) has launched the Future Design Centre, a global strategic initiative, which serves to support foundation activities in future-related studies, 3D technology, and modern physics fields. The announcement was made at the recently concluded fifth Wor

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Unilever spurns $143bn Kraft Heinz surprise bid

US food company Kraft Heinz made a surprise $143 billion offer for Anglo-Dutch consumer goods giant Unilever in a bid to build a global consumer goods giant.    But the Anglo-Dutch consumer goods giant has declined, saying in a statement the offer "fun

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Bosch, IBM launch tie-up for Industrial IoT

IBM and Bosch have partnered for industrial Internet of Things (IoT), making available Bosch IoT Suite services on open standards-based IBM Bluemix and IBM Watson IoT Platform for clients to efficiently update millions of IoT devices. With an estimated 20.8 billion connected thin

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Roads will be free of traffic jam, accidents soon: Tesla CEO

Roads will be populated with self-driving automobiles, eliminating traffic jams in as few as five years and there will be no more traffic accidents, predicted Elon Musk, CEO of Tesla. Speaking on the future of transportation, specifically the impending arrival of autonomous cars,

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800 firms to showcase at Dubai boat show

More than 800 companies and brands will be showing off the latest in marine design and technology at the upcoming Dubai International Boat Show, a world-class event tailored for yacht, boat and water sports enthusiasts in Dubai, UAE. Now in its 25th edition, the event takes place

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Mubadala Investment organised into four platforms

Mubadala Investment Company, the newly-formed strategic investment company wholly owned by the government of Abu Dhabi, will organise its approximately Dh460 billion ($125 billion) portfolio into four investment platforms of significant scale. The sectors include: Petroleum &

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Berger’s ‘Colours of Arabia’ wins top CSR award

Berger, one of the world's premier paints and coatings manufacturers, said its ‘Colours of Arabia’ campaign  won top honours at the Gulf Sustainability and CSR Awards ceremony held in Dubai, UAE. The company's CSR initiative, ‘Colours of Arabia&rsqu

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KAEC hosts Art of Jeddah exhibition

Saudi Arabia's King Abdullah Economic City (KAEC) is hosting the fourth edition of the Art of Jeddah exhibition over a three-month period, and features more than 50 cultural and artistic works. The exhibition titled “Safar” meaning “Travel” is organize

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BAE Systems at Idex: Focus on hi-tech security solutions

BAE Systems’ participation at Idex 2017 in Abu Dhabi next week is built around a range of technologically enhanced defence solutions across land, sea, air and cyber, the company said. These technologies provide capabilities to provide sophisticated and resilient protection

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