Friday 20 July 2018

ABB sees 7pc orders growth from AMEA in Q2

ABB, a Swedish-Swiss industrial corporation, said that its orders in Asia, Middle East and Africa (AMEA) grew 7 per cent (11 per cent in US dollars) with good order demand from China, India and the UAE during the second quarter of 2018. Net income was $681 million, up 30 per cent


Aramco in talks to buy stake in Sabic

Saudi Aramco, the state oil giant, has confirmed that it is engaged in discussions with the Saudi Public Investment Fund (PIF) to acquire a strategic interest in the Saudi Basic Industries Corporation (Sabic), a petrochemicals major.   In a statement, Saudi Aram


Aramco, Korea partner on trade, human resources

Saudi Aramco recently signed an agreement with the Korea Trade-Investment Promotion Agency (Kotra) to collaborate in areas of trade, investment, and human resources (HR). The memorandum of understanding (MoU) was signed by Ahmad A. Al Sa’adi, Saudi Aramco senior vice presid


Rosatom shortlisted for Saudi nuclear project bidding

The Russian State Atomic Energy Corporation (Rosatom) has been shortlisted for the next stage of the bidding (competitive dialogue) process for Saudi Arabia’s first peaceful nuclear power project, said a report, citing the kingdom's nuclear authority, the King Abdullah City for Atomic


GE, Microsoft partner in major IoT initiative

GE and Microsoft Corp have announced an expanded partnership, bringing together operational technology and IT to eliminate hurdles industrial companies face in advancing digital transformation projects. As part of the union, GE Digital plans to standardize its Predix solutions on


Acciona wins $234m contract to build Saudi desal plant

Acciona Agua, a leader in providing sustainable solutions for infrastructure and renewable energy projects, said it has been awarded a €200 million ($234 million) contract by Saline Water Conversion Corporation (SWCC), a Saudi government corporation, to build a desalination plant in the Al


Honeywell launches new gas metering solution

Honeywell, a Fortune 100 software-industrial company, has launched a new gas metering solution that provides easy-to-use health monitoring of midstream metering systems for operations, maintenance and leadership teams. Honeywell Connected Plant Measurement IQ for Gas enhances the


Dewa launches sign language diploma course for employees

Dubai Electricity and Water Authority (Dewa), has launched a new "Sign Language" diploma course for its employees, as part of its efforts, as a socially responsible and people of determination-friendly government organisation, to integrate and empower these people, while providing int


Dubai begins testing turbines at 700MW M-Station

Dubai Electricity and Water Authority (Dewa) said it has started testing the turbines at the M-Station expansion project in Jebel Ali, which is the newest and largest electricity generation and water desalination plant in the UAE. Testing includes an initial operation of turbines


TechnipFMC awarded services deal by Petrobras

TechnipFMC has been awarded by Petróleo Brasileiro (Petrobras) a three-year master services agreement in Brazil, with a two-year renewal option.    This contract for subsea services covers components for both the subsea equipment and flexible pipelin

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