Thursday 20 June 2013
 
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Water

Dubai utility repays $871m Islamic bond

Dubai Electricity and Water Authority said on Tuesday it had repaid a 3.2 billion dirhams ($871.2 million) Islamic bond on June 17.   "The payment of the maturity procee

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Bahrain students develop water producing car

A group of Bahrain University students have developed a new hydrogen fuel cell car that could produce drinking water, a report said. The first-of-its-kind prototype in the Middle East is being displayed at the fourth Energy and Wa

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Metito announces big global expansion, mulls IPO

United Arab Emirates-based water and waste-water specialist Metito has secured long-term financing to support expansion plans in Indonesia, Egypt and China. The comp

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Spotlight on power, water in the Middle East

Industry players from the power and water sectors will discuss key issues and investment opportunities in the industry, at an exhibition to be held in Abu Dhabi in September. The sixth edition of Power + Water Middle East will be

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Severn Trent bid consortium mulls options

British water firm Severn Trent has rejected a raised $8.2 billion takeover bid, with a deadline for the suitors to make a formal offer fast approaching.   The LongRiver cons

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Sembcorp plans IPO of utility JV in Oman

Singapore's Sembcorp Industries Ltd said it is planning an initial public offering (IPO) of a joint venture company that owns and operates a $1 billion water and power project in Oman by the fourth quarter of this year. "

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Pepsico launches new eco-friendly bottle

PepsiCo said it has developed a new and lighter environmentally-friendly bottle for its Aquafina bottled water featuring a more contemporary design in its bid to drastically reduce local plastic use. The global food and beverage l

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UK water firm rejects $7.6bn Kuwait-backed bid

British water firm Severn Trent has rejected an improved 5-billion-pound ($7.6 billion) bid proposal from a consortium led by a Kuwaiti sovereign wealth fund and two pension companies, saying the price fails to r

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NSF International opens office in Abu Dhabi

NSF International, a global independent public health organization, has opened an office in Abu Dhabi, to meet the growing demand for testing, certification, auditing, consulting and training services in the Mena region. NSF Inter

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Bahrain’s EWA collects $443m in bills in 2012

Bahrain’s Electricity and Water Authority (eWA) collected BD168 million ($443 million) in monthly payment of electricity and water bills last year, compared to BD123 million in 2011, its  chief executive said. The avera

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