Saturday 21 July 2018

Empower settles $47.6 million instalment

Emirates Central Cooling Systems Corporation (Empower) has recently settled the half-yearly loan instalment of Dh175 million ($47.6 million), ahead of schedule, said a media report. This loan forms part of the syndicated loan facility from a consortium of international and local


Damen delivers two ASD 3212 tugs to Smit Lamnalco

Netherlands-based Damen, a leading shipyard company, has delivered two ASD 3212 tugs to Smit Lamnalco. The tugs will be deployed for service in Oman. The tugs are part of the four vessels ordered by Smit Lamnalco, a leading provider of safe and efficient towage and associated mar


Sabic world's fastest-growing chemicals brand

Saudi Arabia’s petrochemicals giant Sabic has grown faster over the past year than any other brand in 2018, jumping from eighth to third rank, according to brand valuation and strategy consultancy Brand Finance. Contributing to Sabic’s impressive 78 per cent increase


Saudi Arabia prepares new mineral investment strategy

Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources has completed the modified mineral investment strategy, which allows the private sector to benefit from promising investment opportunities in the sector, said a report. Minister of Energy, Industry and Minera


Kanoo Machinery wins distribution award from Sullair

Kanoo Machinery, a fully owned business division of Yusuf bin Ahmed Kanoo Group, has won “The Distributor of the Year” award for the region from Sullair, a Hitachi Group company which specialises in manufacturing high-quality air compressors. Kanoo Machinery is a majo


SEC starts Al Julla power station

Saudi Electricity Company (SEC) has started operating the 33/132/380 kV Al Julla power station, built at a cost of  SR590 million ($157.34 million).    The plant will serve a number of cities and villages in Riyadh, especially Quwaiyyah, Muzahmiyeh, Dh


Milaha deploys flagship vessel off W Africa coast

Milaha, a Qatar-based maritime and logistics conglomerate, has deployed its liftboat, Milaha Explorer, off the coast of West Africa as part of a long-term charter with a major international oil company. Milaha Explorer is the largest of its kind to be owned by a Qatari company, a

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