Saturday 21 October 2017
 
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MHPS Saudi Arabia to build advanced gas turbines in Dammam

MHPS Saudi Arabia, a subsidiary of Mitsubishi Hitachi Power Systems (MHPS), has revealed plans to manufacture its most advanced gas turbines in the kingdom, as part of a phased investment strategy in the kingdom. The announcement was made following the recent opening of its new T

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Online transactions up 22pc in Middle East

The regional payment industry saw an overall 22 per cent increase in online transactions during 2016, led by strong growth in Saudi Arabia, Egypt and the UAE, showing 27 per cent, 22 per cent and 21 per cent year-on-year growth, respectively, according to a report. Payfort, a lea

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Aramex CFO to step down

Aramex, a leading global provider of logistics solutions, has announced that Bashar Obeid, chief financial officer (CFO), has informed the board of directors of his plans to exercise his early retirement option by stepping down in order to pursue other endeavours. Obeid will cont

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Abu Dhabi's twofour54 in Forbes' top investors list

Abu Dhabi media and entertainment hub twofour5 has been acknowledged as having one of the best eyes for an investment in the region.   The free zone has been ranked 10th on the Forbes Middle East’s list of the 50 Most Active Investors – and the secon

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Jafza 'world's best free zone for large companies'

Jafza won Free Zone of the Year 2017 for Large Tenants in Middle East and globally and was highly commended in the Global Overall and Middle East Overall categories. It was also commended for its facilities upgrades and contribution to the UAE’s national economy.  &nbs

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Dubai Silicon Oasis seals VW partnership deal

Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone Technology Park, and Volkswagen Middle East has signed a two-year partnership deal, thus paving way for mutual support of startups with innovative mobility initiatives across the GC

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Middle East’s commercial security market to hit $4.8bn

The growing demand for streamlined and IP network security systems will double the value of the Middle East’s commercial security market over the next four years, with hospitality likely to witness the highest growth of all end-user segments, according to new research. Driv

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Luxembourg to invest $29m in Dubai Expo 2020

A high-level delegation from Luxembourg is visiting Dubai to meet Expo 2020 organisers and the business community, as part of plans to maximise its €25 million ($29.61 million) investment in the Expo.   The delegation also included high-ranking members of Luxembourg&rsqu

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Aramco opens gas turbine MRO facility

Saudi Aramco, in partnership with its strategic partner Mitsubishi Hitachi Power Systems, has inaugurated a maintenance, repair, and overhaul (MRO) facility for gas and steam turbines and compressors in Dammam, Saudi Arabia. “The inauguration of the MRO represents a new mil

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Dafza transforms infrastructure into cloud

The Dubai Airport Freezone Authority (Dafza) is partnering with Dell EMC initiating a landmark project titled “Dafza Cloud”, which will  make it the first freezone in the world to transform its Infrastructure into cloud. Dafza’s strategy is geared towards l

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