Sunday 23 September 2018

Saudi Aramco unit hosts first graduation ceremony

Saudi Aramco, a world leader in integrated energy and chemicals, said one of its units, Saudi Arabian Drilling Academy (Sada) held its first graduation for a cohort of 132 students representing 34 drilling and services companies. This comes in response to the oil and gas industry


ABB presents digital grid at Malaysia summit

ABB, a global pioneering engineering and technology group, will present its latest ABB Ability-based technology solutions at CEPSI 2018 from September 17-21, in Kuala Lumpur, Malaysia. CEPSI is a leading bi-annual electricity-supply conference in East Asia and the Western Pacific


Saudi’s PIF invests over $1bn in US electric carmaker

Saudi Arabia’s Public Investment Fund (PIF) has executed an investment agreement for more than $1 billion with US-based electric automaker Lucid Motors through a special-purpose vehicle wholly owned by PIF. Under the terms of the agreement, the parties made binding undertak


HyperloopTT outlines first set of core safety guidelines

Hyperloop Transportation Technologies (HyperloopTT) said it has joined hands with leading testing, certification and inspection company TÜV SÜD, and leading providers of reinsurance, primary insurance and insurance-related risk solutions Munich Re, to create the first set of Hyperloop


Red Sea partners with Rental Solutions Services

Saudi-based Red Sea International (RSI) has signed a strategic partnership agreement with Rental Solutions Services (RSS) to leverage its capabilities to provide clients throughout the GCC with unparalleled services and products in the modular buildings, power and cooling segments of the rental


MMG unveils AI medical search engine at Saudi expo

MedLab Media Group (MMG), the Spanish start-up focused on the development of a medical ecosystem based on artificial intelligence (AI), showcased its key products and solutions during its inaugural appearance at the Global Health Exhibition held recently in Riyadh, Saudi Arabia.


Saudi Cable Company sells entire stake in Turkish group

Saudi Cable Company said it has signed an agreement to sell the company's entire stake in Demirer Kablo, a leading manufacturer of high and extra high voltage energy cables in Turkey, to Chinese group Jiangsu Zongitan Technology (ZTT). All necessary approvals have been obtained fro


Maritime Standard reveals finalists for 2018 awards

The Maritime Standard Awards has announced the full list of finalists for the fifth annual awards to be held on October 15 at the Atlantis, the Palm, Dubai. Around 800 high level executives from the worlds of shipping, ports, shipbuilding and repair and other maritime sectors wil


BASF names managing director for Bahrain unit

BASF, a German chemical company and the largest chemical producer in the world, said it has appointed Michael Wille as the new managing director of its unit Plastic Additives Middle East (Pame) based in Bahrain. Pame is the state-of-the-art production facility for customer-specif


Investcorp acquires biggest US warehouse portfolio for $300m

Bahrain-based Investcorp, a leading provider and manager of alternative investment products, has announced that its US-based real estate team had recently acquired its largest US warehouse portfolio, totalling 4.5 million sq ft and including 56 industrial properties across seven metropolitan ma

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