Saturday 20 July 2024

RTX's Pratt & Whitney, SR Technics induct first GTF engine

Pratt & Whitney, an RTX business, and SR Technics have inducted the first Pratt & Whitney GTF engine at the MRO service provider's Zurich-based facility.    SR Technics will provide full disassembly, assembly and test capability for the PW1100G-


Mott MacDonald gets regional HQ licence in Saudi Arabia

Mott MacDonald, a leading global engineering, development, and management consultancy, has had its regional headquarters (RHQ) licence approved as it continues to strengthen its presence in Saudi Arabia.   Mott MacDonald is one of the first 40 UK companies to re


Middle East needs to take a cautious approach: Saxo Bank

Saxo Bank has advised a cautious approach for the Middle East, given the underlying fragility of the global economy.   "The Q3 outlook reveals a complex financial landscape with significant implications for the Middle East. The region, heavily influenced by


Sanad posts H1 revenue of $630m; projects $1.23bn for FY

Sanad, a global aerospace engineering and leasing solutions leader, has posted robust first-half (H1) revenue of AED2.3 billion ($630 million) and projects full-year (FY) earnings of AED4.5 billion ($1.23 billion).   The revenue growth was marked by significant


Rakez participates in Licensing Expo Shanghai

Ras Al Khaimah Economic Zone (Rakez) is providing an overview of how its state-of-the-art facilities and business-friendly environment are ideal for fostering the business growth at Licensing Expo Shanghai, from July 17 to 19.    Furthermore, entrepreneurs


Mashreq allocates $272m more in funding for industrial companies

Mashreq Bank, a leading financial institution in the region, has announced that it has allocated an additional AED1 billion ($272 million) in financing solutions to enhance the industrial sector's growth in the UAE and support its competitiveness and productivity.   


Envision Energy, PFI partner to drive renewables growth

Envision Energy, recognised as the 'Green Giant' among the '2024 TIME100 Most Influential Companies', has unveiled a strategic joint venture (JV) with Saudi Arabia's Public Investment Fund (PIF) and Vision Industries.    This venture aim


Al Ramz named liquidity provider for Adnoc Drilling

UAE-based Al Ramz Capital has announced that it has been appointed as a liquidity provider for Adnoc Drilling Company, the Abu Dhabi-listed largest drilling and well completions company in the Middle East by fleet size, owning and operating one of the largest multi-discipline drilling fleets


Global shipments of solar trackers hit 94GW in 2023: S&P

Global shipments of solar trackers reached 94GW in 2023, 29% more than in 2022, S&P Global said in its Solar Tracker Market Report 2024.   Global market distribution began to shift last year, with the market share of the US, traditionally the largest market


Damen signs with WCPS for six ASD tugs

Damen Shipyards Group has signed a landmark contract with Western Coast Port Services (WCPS) to construct six ASD Tugs. This order consists of five ASD Tugs 2813 and one ASD Tug 3212, which will be operated at Saudi Arabia's Jeddah Port.    Damen’

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