• Ukraine inks deal for high-speed Hyperloop system


    Hyperloop Transportation Technologies, a global leader in providing innovative solutions to the transportation industry, has signed an agreement with Ukraine government for building a planned commercial Hyperloop system in the country.

  • FedEx orders 24 Boeing medium, large freighters


    Boeing and FedEx Express have announced a new order for 12 767 freighters and 12 777 freighters, reflecting the confidence of the world's largest air cargo carrier in the growing market.

  • KBR secures US chemical plant Feed contract


    KBR, a leading provider of engineering and construction services, said it had been working on the Front End Engineering and Design (FEED) to double the sulphur derivatives production capacities at Arkema's site in Texas, US.

  • OHA, Varde to buy $1bn DB shipping loan portfolio

    ALTERNATIVE CAPITAL BOOST
    Global investment firms Oak Hill Advisors and Varde Partners have entered into a deal to acquire $1 billion portfolio of shipping loans from Deutsche Bank. This represents the second such sale from EU banks that the duo has jointly acquired.

  • Lamprell, Asyad Holding to set up Saudi JV company

    FOCUS ON KEY ARAMCO PROJECTS
    UAE-based Lamprell, a major provider of fabrication, engineering and contracting services, said it will join hands with Saudi group Asyad Holdings to set up a joint venture company in the kingdom as part of its regional expansion strategy.

  • MRO firms ‘to benefit from IIoT-enabled tech’


    Maintenance, repair, and overhaul (MRO) companies will gain a valuable competitive advantage by leveraging IIoT-based technologies such as Big Data & Analytics, cloud infrastructure, and mobility, a report said.

  • Metito chairman gets IDA council seat


    UAE-based Metito, a provider of total intelligent water management solutions in the emerging markets, said its chairman and chief executive Mutaz Ghandour has been inducted into the council of International Desalination Association (IDA).

  • Flexenclosure builds data centre for CenturyLink in Ecuador


    Internet infrastructure specialist Flexenclosure said it has completed construction of a data centre for global communications and IT provider CenturyLink in Ecuador.

  • UAE supply chain outlook ‘remains positive’


    The UAE continued to retain its position in the ‘green category’ for its positive supply chain environment during the fourth quarter (Q4) of 2017, according to the latest CIPS Risk Index.

  • Saudi Arabia, Russia to invest $2bn in tech projects

    STRATEGIC ALLIANCE
    The Russian Direct Investment Fund (RDIF) together with partners from Saudi Arabia intend to invest $2 billion in technology projects in 2019, head of RDIF Kirill Dmitriev was quoted as saying in a media report.

  • Dubai RTA lifts 4m riders during Eid holidays


    Dubai’s Roads and Transport Authority (RTA) said that the total ridership of public transport means and taxis of the RTA during Eid Al Fitr holidays 2018 had reached 3,794,320 riders.

  • KBR unit seals $900m US defence project contract

    ENGINEERING, CYBER SECURITY
    KBR, a major engineering and construction company, said its global government services unit has been awarded a $900-million contract to provide specialised engineering, cybersecurity and intelligence solutions for a key US defence project.

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Industry News

Ukraine inks deal for high-speed Hyperloop system

Hyperloop Transportation Technologies, a global leader in providing innovative solutions to the transportation industry, has signed an agreement with Ukraine government for building a planned commercial Hyperloop system in the country. ...


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News & Features - June 2018

Aluminium Bahrain (Alba), one of the world’s leading aluminium smelters in the world, announced the major milestone of having completed the successful fabrication...


Saudi Arabia’s economic reforms are going well, the International Monetary Fund (IMF) said...


The World Steel Association (worldsteel) forecasts that global steel demand will reach 1,616.1 million tonnes (mt) in 2018, an increase of 1.8 per cent...




Mediterranean Shipping Company (MSC), a Swiss-based leader in global transportation and logistics, is set to invest close to Dh4 billion ($1.08 billion)...


Like all major Gulf countries, transforming economy by boosting investment into industrial sector and developing infrastructure is high on Oman’s...


Pressure vessels (PV) are used to store liquids and gases at high pressure. The particular parameters of pressure vessels differ according to regional...




The global adhesives segment was valued at $46 billion and sealants at $9.5 billion by the end of 2017 as per a new report. The two segments of the...






Events
Expo 2020 selects 26 projects for grant

A total of 26 projects from 22 countries have been selected in the third cycle of Expo Live’s flagship Innovation...


Diary of Events
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Gulf Industry Magazine helps you catch up with the numbers behind economic and industrial developments in the region.   UAE to see 2.1pc GDP...











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