Thursday 19 October 2017

Mubadala launches new venture capital business

Abu Dhabi-based investment company Mubadala has announced the launch of its new venture capital business in partnership with leading Japanese conglomerate SoftBank. The venture capital initiative will sit within the group's financial investment arm, Mubadala Capital, said the


Red Sea Gate Terminal receives 'world’s largest’ quay cranes

Saudi-based Red Sea Gate Terminal (RSGT), the flagship container docking terminal at Jeddah Islamic Port, has announced the arrival of four of the world’s largest and most modern ship-to-shore quay cranes at Jeddah. The arrival of the new cranes will enable the terminal to


BT, Hitachi partner to develop IoT solutions

BT, one of the world's leading providers of communications services and solutions, and Hitachi Vantara, a wholly owned subsidiary of Hitachi Ltd, have announced a global partnership to co-create innovative solutions in the area of industrial and enterprise internet of things (IoT).


Jebel Ali Port expands Container Terminal 3 productivity

Dubai-based global marine terminal operator DP World is stepping up container handling productivity at its flagship Jebel Ali Port, by adding 1.5 million TEU (twenty-foot equivalent units) to Container Terminal 3 (T3). The expansion is in response to emerging market demand and in


Bahrain’s manufacturing, logistics sectors draw $200m in H1

Bahrain attracted more than $200 million worth of investment into its manufacturing and logistics sectors in the first half of this year, revealed the Bahrain Economic Development Board (EDB). The investments are expected to create approximately 1,000 jobs over the next three yea


Rockwell Automation to showcase digital solutions at Adipec

US-based Rockwell Automation, one of the world's largest companies dedicated to industrial automation, will showcase its digital oilfield and ConnectedProduction solutions at the upcoming Abu Dhabi International Petroleum Exhibition and Conference (Adipec), to be held in Abu Dhabi, UAE.


180 nations gather in Dubai to discover Expo 2020 plans

Hundreds of delegates from across the globe have gathered in Dubai to hear about the plans and progress of Expo 2020 Dubai and to help shape the first World Expo in the Middle East, Africa and South Asia (MEASA) region.   More than 500 representatives from almos


GlassPoint Solar highlights solution to produce heavy oil

GlassPoint Solar, a leading supplier of solar energy to the oil and gas industry, has discussed ways its solar technology can be strategically deployed to produce heavy oil at the ongoing Kuwait Oil & Gas Show 2017 (KOGS), in Kuwait. The four-day event will conclude later tod


Service robots' use to grow 24pc

The installed base of service robots reached 29.6 million worldwide at the end of 2016, and the installed base of active service robots worldwide is expected to reach 264.3 million by 2026, at a compound annual growth rate (CAGR) of 24 per cent, according to a new research report from Berg Insi


Utico unveils innovative $100m rooftop solar programme

Utico, the Middle East’s leading full service private utility, today unveiled a path-breaking solar investment programme, SolarFree, for homeowners and announced an investment outlay of more than $100 million for the project.   In a statement, Utico said t

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