Riyadh Cables Group has announced that it has secured a SAR450 million ($120 million) contract from Saudi-based Mohammed Al Ojaimi Contracting Establishment for supply of cable products for some of its key power generation and transmission projects.
Dubai Precast has announced that it has been awarded a major contract for the design, supply, delivery and installation of a full precast building system for 93 townhouses and two villas at Meydan, Dubai. The project scope includes external sandwich walls, solid walls and columns as well as boundary walls.
Group Five Pipe Saudi Company has announced that it has secured a contract from Esnad Al Turuq Contracting Company for the manufacture and supply of its carbon steel HSAW water transmission system pipes for a project at Ras Al Khair in Riyadh.
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.
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.
