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Global gas demand to rise by over 2.5% in 2025, says IEAGlobal demand for natural gas is increasing at a stronger rate in 2024 than in the previous two years, which were heavily affected by the turmoil of the global energy crisis, according to International Energy Agency (IEA). At the same time, new gas suppl More… |
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UAE, Saudi Arabia lead Arab investments in green hydrogenRegional heavyweights UAE and Saudi Arabia are working to build a strong base for producing and exporting green hydrogen as a clean energy source, thus enhancing their position as leaders in this sector regionally and globally, according to the Abu Dhabi-based Interregional Center for Strateg More… |
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Burgan joins DHL Express GoGreen Plus initiativeBurgan Bank has announced the signing of a strategic partnership with leading logistics company DHL, thus marking its participation in the DHL Express 'GoGreen Plus' initiative, in its latest effort to foster a cleaner environment with reduced carbon emissions. &nbs More… |
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Chinese group Jereh wins $288m Bapco Upstream EPCC contractJereh Oil & Gas Engineering Company, a key subsidiary of leading Chinese group Jereh, has signed a significant contract worth $288 million with Bapco Upstream for the engineering, procurement, construction, and commissioning (EPCC) of gas compressor stations. More… |
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4th Global Trade and Supply Chain Summit in Dubai next weekThe 4th Global Trade and Supply Chain Summit, empowers young professionals with the tools and knowledge to navigate and capitalise on the evolving global trade and logistics, which is undergoing a rapid transformation. Hosted by the New Economy Academy, More… |
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Atlas Copco air compressors aid pipeline maintenanceAtlas Copco’s highly efficient air compressors have successfully maintained pressure in an extensive pipeline thereby helping its maintenance. Atlas Copco Specialty Rental division in Central Asia was asked to assist with a pipeline inspection proj More… |
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DTI completes acquisition of Amsterdam-based EDPDrilling Tools International (DTI), a global oilfield services company, has closed its acquisition of European Drilling Projects known as ED Projects (EDP). DTI designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools fo More… |
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Mawani expands Jeddah Port’s reach with FEM1 shipping serviceThe Saudi Ports Authority (Mawani), in partnership with CStar Shipping Company and United Global Logistics (UGL), has announced the addition of the new shipping service FEM1 to the Jeddah Islamic Port. This will enhance the movement of exports and imports in line with Mawani’s vision of More… |
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Dubai tops list of global cities attracting FDI for greenfield projectsDubai maintained its position as the world’s top city for attracting greenfield Foreign Direct Investment (FDI) projects in the first half of the year, a report said, citing Financial Times Ltd’s ‘fDi Markets’ data. Underscoring its competitiveness and appeal to More… |
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Nama Chemicals in deal to sell key stake in its Jubail unitSaudi-based Nama Chemicals Company said it has signed a non-binding agreement with Haddaj Investment Company for the sale of a major stake in one of its subsidiaries Jubail Chemical Industries Company (Jana). As per the deal, Haddaj Investment, a key subsidiar More… |
