Tuesday 17 October 2017

Saudi Modon, Huawei to develop smart industrial cities

The Saudi Industrial Property Authority (Modon) has signed an agreement with Saudi Huawei to transform its industrial cities into smart industrial cities to keep abreast of developments and demands. The move is aimed at enabling the factories to automate their operations and util


DMCC named world’s no. 1 free zone by FT

Dubai Multi Commodities Centre (DMCC), a leading Free Zone for trade and enterprise in Dubai, UAE has been named World’s No. 1 Free Zone’ ‘by Financial Times’ fDi Magazine, three years in a row. A total of 60 global Free Zones were evaluated.


Al Jarboo named new Sabic chairman

Saudi Basic Industries Corporation (Sabic), a leading petrochemicals conglomerate, in a major revamp has appointed Dr Abdulaziz bin Saleh bin Mansour Al Jarboo as its new chairman replacing Prince Saud bin Abdullah Bin Thenayan Al-Saud, a statement showed. Ranked among the world&


Saudi PIF launches 'Fund of Funds' to back SMEs

The Public Investment Fund (PIF) has announced the establishment of the Fund of Funds, a new investment vehicle designed to provide small and medium-sized enterprises (SMEs) with access to capital by investing in venture capital and private equity funds targeting the SME sector.


Saudi Arabia, India 'can unlock huge growth opportunities'

Saudi Arabian and Indian companies can jointly unlock enormous new growth opportunities, and boost bilateral trade and relations as part of efforts to achieve long-term economic and development goals, Saudi Aramco president and CEO Amin H Nasser has said.       &nb


Alba posts solid Q3 sales, production growth

Aluminium Bahrain (Alba), one of the world's largest smelters, managed to remain on course in the third quarter of 2017 with its sales and production volumes topping 247,540 metric tonnes (mt) and 253,475 mt, respectively. For the nine months of 2017, the company sales volume


Dresser-Rand appoints new CEO

Dresser-Rand business, part of Siemens Power and Gas Division, has appointed Paulo Ruiz Sternadt as its chief executive officer. Ruiz Sternadt succeeds Judith Marks who will leave the company at her own request, said a statement. In his new role, Ruiz Sternadt brin


GPCA launches new award for petchem pioneers

The Gulf Petrochemicals and Chemicals Association (GPCA) has announced the launch of the GPCA Legacy Initiative and GPCA Legacy Award “Al Rowad” الرواد)) dedicated to the pioneers of the chemical and petrochemical industry in the Arabian Gulf.   First of its k


TP-Link showcases SMB solutions at Gitex

TP-Link, a leading provider of consumer Wi-Fi networking devices, is displaying its range of high-end small and medium-sized business (SMB) solutions at this year's Gitex Technology Week, being held in Dubai, UAE. The event which kicked off yesterday (October 8) will run unti


Bahri, DNV GL sign Big Data partnership

Bahri Data, one of the six business units within logistics leader Bahri, and DNV GL, a classification society for the maritime industry, have signed a contract to co-develop and jointly leverage their Big Data capabilities for safety, quality and compliance innovation. The contra

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