Wednesday 26 April 2017
 
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DAE to acquire AWAS aircraft leasing firm

Dubai Aerospace Enterprise (DAE), a globally recognised aerospace company headquartered in Dubai, has announced the signing of a definitive agreement to acquire 100 per cent of the AWAS group of companies, a global leader in aircraft leasing. The acquisition is  from funds m

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Power generation target for Mena: 440GW by 2020

Power generation capacity in the Mena countries will have to rise by almost 150GW to reach 440GW by 2020, an increase of just over 50 per cent on the current available capacity of 290GW, to meet the demand created by population growth coupled with industrial and economic expansion, a report sai

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ZonesCorp to focus on top projects at Hannover Messe

ZonesCorp, the Higher Corporation for Specialized Economic Zones in Abu Dhabi, will showcase its most important projects in the industrial sector at the Hannover Messe exhibition, which is considered to be the largest industrial exhibition in the world. The exhibition will be held from

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German firms increase presence at Automechanika Dubai

German pavilion, with double digit growth, will lead the international charge of 25 country pavilions at the Middle East and Africa’s largest automotive aftermarket trade show next month. Taking place from May 7 to 9 at the Dubai International Convention and Exhibition Cent

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ABB showcases key digital solutions at Hannover Fair

ABB, a pioneering technology leader, will present its industry-leading portfolio of digital solutions, ABB Ability, at this year’s Hannover Fair, which opens today (April 24), connecting with the trade fair’s slogan “Integrated Industry – creating value.”

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Kone lands big Saudi supply contract

Kone Corporation, a global leader in the elevator and escalator industry, has won an order to supply 153 elevators for eight different projects commissioned by Alargan Projects in Saudi Arabia. Saudi-based Alargan Projects is a specialist in the development of fully integrated re

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Metsec strengthens Mideast presence with Dubai office

Voestalpine Metsec, the UK´s largest specialist cold roll-forming company providing products for the construction and manufacturing industries, has opened a Dubai office as part of its expansion programme in the Middle East. Having worked in the Gulf Cooperation Council (GC

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Top firms eye $1.6bn Saudi-Egypt power project

Global technology giants including Alstom, ABB and Siemens are in the race for a $1.6-billion electricity interconnection project being jointly developed by Saudi Arabia and Egypt, said a report. The two neighbouring countries are set to finalise tenders for transformers and

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Work set to start on Liwa project package 3

Oman Oil Refineries and Petroleum Company (Orpic) will celebrate the ground-breaking of Package Three of its Liwa Plastics Industries Complex (LPIC) Project on April 27. The event, which will take place in the Wilayate of Ibri, Fahud, will be held under the patronage of Sultan bi

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Orascom begins production at US greenfield plant

Orascom Construction, a leading global engineering and construction contractor,  said it has started production and sales at Iowa Fertilizer Company (IFCo), the first world-scale greenfield nitrogen fertiliser plant to be built in the US in more than 25 years. The plant has

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