Tuesday 25 July 2017

Oman’s non-oil exports drop to $6.2bn in 2016

Oman's non-oil exports declined to RO2.4 billion ($6.2 billion) in value in 2016, down from RO3 billion ($7.79 billion) a year earlier, a drop of 20.1 per cent, said a report quoting Central Bank of Oman (CBO) data. The slump was primarily because of the general economic down


Solar, fossil fuels cost gap narrowing, says expert

The external cost of power generation by fossil fuels, mostly related to the environment and public health, has been shown to be the same or more than the cost of generating electricity by solar power, said an industry expert. In 2013, the external cost of fossil fuel-based energ


GPIC completes external audit of management system

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has reported that Global Auditing Company (DNV) has carried out a successful external audit of its Integrated Management Systems (PAS 99). The auditors verified the integrity of all the company's operations, its vario


Major Russian firms to participate in Bahrain air show

The Bahrain International Airshow 2018 has confirmed that United Aircraft Corporation (UAC) has been added to its roster of participants after returning from MAKS 2017. At a signing ceremony which took place on July 19, UAC confirmed that all its subsidiary companies would partic


Dubai DED transactions tally tops 6.8 million

More than 6.8 million transactions have been conducted by the Business Registration and Licensing Sector (BRLS) at the Department of Economic Development (DED), Dubai, since its launch in 1997, a report said. The figure underlines the sustainable growth posted by companies in var


Rockwell Automation introduces new cable-pull switch

US-based Rockwell Automation, one of the world's largest companies dedicated to industrial automation, has introduced the Allen-Bradley Guardmaster Lifeline 5 cable-pull switch, the most advanced cable-pull switch on the market. The new switch is the first solid-state, cable-


Tax overhaul 'reshaping India logistics sector'

The shift to a unified national tax has set off a wave of change in India’s notoriously inefficient logistics sector as companies alter the way they store, move and account for goods, according to the Agility Mid-Year Emerging Markets Review.   India’s Goods and S


AkzoNobel CEO step down

Netherlands-based AkzoNobel, a leading global paints company, announced today (July 19) that its chief executive officer Ton Büchner has stepped down with immediate effect due to health reasons. The company has announced Thierry Vanlancker as the new chief executive officer.


India rolls out first solar-powered train

India has launched its first solar-powered train, which it is hoped will save around 21,000 litres of diesel a year, as the government attempts to make the country's vast rail network more environmentally friendly, reported The Independent Online. The new 1,600 horse


SR Technics appoints two heads of departments

SR Technics, a leading maintenance, repair and overhaul (MRO) service provider, has appointed Roberto Furlan as head of engine services and Jakob Straub as head of aircraft services and line maintenance. Both Furlan and Straub will report directly to the chief operating officer,

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