Abu Dhabi-based Gulf Marine Services has announced that it has secured a contract from an international offshore accommodation services provider, for one of its self-elevating accommodation units, to be deployed offshore Brazil for a four-year period.
Future Fund Oman (FFO), a portfolio of the sultanate's sovereign wealth fund Oman Investment Authority (OIA), has announced a new package of 105 strategic projects and investments worth $1.74 billion, spanning renewable energy, manufacturing and tourism industries.
Bahrain-based Nasser Centre for Science and Technology said it has developed an AI-powered construction inspection intelligence platform in collaboration with China Machinery Engineering Corporation (CMEC), a global expert in infrastructure and construction projects.
Alimak Group, a Swedish group specialising in sustainable vertical access and working at height solutions, has signed an agreement to acquire Pro-Bel, a privately owned North American provider of suspended access and fall protection solutions, headquartered near Toronto, Canada.
Halliburton has won a multi-year contract from Saudi oil giant Aramco to deliver integrated stimulation and completion services for unconventional gas development in the kingdom. It builds on the US energy company’s established portfolio backing Aramco’s unconventional programme.
Saudi Reinsurance Company is set to acquire a strategic 22.5% stake in British company AdA Risk Holding, which owns the operating rights for Syndicate 2024 in the Lloyds insurance market, following the go-ahead from the kingdom’s Insurance Authority.
Drydocks World has completed a major ship recycling project for APT Global Marine that recovered more than 20,000 tonnes of steel, machinery and other materials for sustainable reuse at Drydocks World’s facility in Dubai.
The United States and Iraq discussed expanding economic co-operation and increasing US investment in the Arab nation’s energy sector during high-level talks at the White House on Wednesday, as the two countries sought to deepen their strategic partnership.
DMCC, a leading international business district in Dubai, has signed a strategic memorandum of understanding (MoU) with the Botswana Stock Exchange Group (BSE), operator of the Botswana Mercantile Exchange (BMX), to strengthen Botswana's access to global commodity markets by connecting its emerging commodities exchange with Dubai's international trading, finance and logistics ecosystem.
Abu Dhabi-based investment group 2PointZero has announced that it has struck a $2.25 billion deal to acquire US-based Traverse Midstream Partners through its energy infrastructure subsidiary ePointZero, a move that gives it minority, non-operated stakes in two US midstream assets.
