The Saudi Industrial Export Company (SIEC) has announced the signing of an supply agreement with GTronics & Significa Company for a key project in Syria. The scope of work includes delivery and implementation of single-phase and three-phase smart electrical meters in the country.
The UAE maintains strategic reserves of essential goods sufficient to cover market needs for a period ranging between four and six months, Abdulla bin Touq Al Marri, Minister of Economy and Tourism, said.
Global oil prices rose on Thursday, recovering part of the previous session’s losses, as market participants reassessed the outlook for a potential de-escalation in tensions involving Iran and the United States. The conflict has continued to disrupt energy flows across a critical oil-producing region.
Globalpharma, a wholly owned subsidiary of Dubai Investments and one of the UAE’s leading pharmaceutical manufacturers, has signed a strategic distribution agreement with United Medical Supplies (UNIMED), a key healthcare distributor under the Mohamed & Obaid Al Mulla Group.
Saudi-based East Pipes Integrated Company for Industry has announced that it has secured a contract worth SAR485 million ($129 million) for the supply of steel pipes to Saudi Water Authority within the next six months.
South Korea's Doosan Enerbility (formerly Doosan Heavy Industries) has secured a major equipment supply order for a large combined-cycle power plant project in Qatar, thus reinforcing its position in the Middle East power generation market.
Saudi Arabia-based GAS Arabian Services Company has announced that it has secured a key contract from the Saudi Power Procurement Company (Principal Buyer) to deliver engineering, procurement, installation, testing and commissioning services for the Ghazlan 1 Sales Gas Delivery System.
Oil prices declined on Thursday, reversing some of the previous session’s gains, as renewed diplomatic efforts to end the conflict involving Iran tempered concerns over potential supply disruptions amid continuing Houthi attacks in the region.
Saudi Steel Pipe Company (SSP), a leading manufacturer and supplier of electrically resistance welded (ERW) steel pipes, has announced that it has secured a key contract to deliver steel pipes to Saudi oil giant Aramco. The entire supply work will be completed within a one-year period.
Kuwait has awarded two contracts worth KD36.5 million ($119 million) for the supply, installation and maintenance of underground 400-kV cables to feed four main substations in South Sabah Al-Ahmad City. The entire work will be completed within 26 months.
