Tuesday 25 July 2017

Iran launches new missiles production

Iran has launched the mass production line and delivery of Sayyad-3 missiles, designed and constructed by the Iranian scientists and experts, said a report. Iran’s Defence Minister General Hossein Dehghan said Sayyad-3 high-altitude air-defense missile has been designed wit


Qatar logistics firm GWC's net profit up 4pc

GWC, a leading logistics provider based in Qatar, said it has registered a net profit of QR105.3 million ($29 million) for the first half of 2017, up four per cent over QR101.3 million ($27.7 million) for the same period last year. This growth was mainly due to the company’


Siemens JV wins big Indonesia power plant order

German engineering company Siemens said its joint venture with Spain's Gamesa has won an order to supply  20 gearless SWT-3.6-130 wind turbines for an onshore wind power plant projet in Indonesia. The ‘Tolo 1’ onshore wind project is being developed by Equis


Dubai Customs cost saving moves yield $274m

An aggregate of Dh1.07 billion ($274 million) was added by Dubai Customs from 2004 to 2015 as income and cost savings due to the implementation of 17,771 employee ideas and suggestions. Hussain Fardan, manager of Innovation Center at DC, attributed the remarkable return o


Mubadala, Nexen Tire sign strategic partnership

Mubadala Investment Company, an Abu Dhabi strategic investment fund, and Nexen Tire, a leading global tyre manufacturer, have signed a memorandum of understanding to explore strategic partnership opportunities. Mubadala has made a direct investment into Nexen as part of the agree


Irkut signs deal for three MC-21- 300 aircraft

Russia's Irkut Corporation, a member of the United Aircraft Corporation, and Angara Airlines, based in Irkutsk, Russia, have signed an agreement of intent for three MC-21- 300 aircraft. The agreement was signed at the International Aviation and Space Salon MAKS-2017 in Zhukov


Himoinsa develops new control units for gas-powered gensets

Spain-based Himoinsa, a global corporation that designs, manufactures and distributes power generation equipment worldwide, has developed new control units for gas powered generator sets. The new controllers have been programmed with a special start-up and stop sequence to ensure


MOL partners with Evonik, thyssenkrupp for propylene oxide

Hungary-based MOL Group, an integrated, international oil and gas company, has signed license agreements with Evonik and thyssenkrupp, enabling it to produce propylene oxide, a key component for the production of polyether polyols. Germany’s Evonik is one of the world leade


AAR in deal to support flydubai Boeing 737 MAX aircraft

AAR, a global aftermarket solutions company, has expanded its relationship with Dubai-based flydubai by signing a long-term contract to provide comprehensive flight-hour component support for its new Boeing 737 MAX aircraft. Flydubai airline is set to take delivery of 100 Boeing


Borouge to highlight innovative solutions at summit

Abu Dhabi-based Borouge, a leading provider of innovative value creating plastics solutions, will highlight how the company, using innovation as an integral part of its business, delivers new solutions to meet the evolving market demands, at the upcoming Abu Dhabi International Downstream Summi

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