Tuesday 25 July 2017

Energy efficient lighting 'reshaping sector'

The increasing emphasis on energy efficient lighting technology is reshaping the lighting industry, according to industry experts. The upcoming Light Middle East 2017, to be held from October 17 to 19 in Dubai, UAE, will spotlight the new market trends in the region.


Bahri adds new vessel to multipurpose fleet

National Shipping Company of Saudi Arabia (Bahri), a leader in logistics and transportation, has further expanded its multipurpose fleet with the addition of ‘Aslaf’, a 300,000-dwt carrier built by Hyundai Heavy Industries (HHI) in South Korea. Bahri took delivery of


Iran, Iraq to set up joint industrial zones

Iran and Iraq have signed a memorandum of understanding (MoU) to set up joint industrial zones, said a report. Iran’s Minister for Industry, Mining and Trade, Mohammadreza Nematzadeh and Iraqi Minister for Industry and Minerals Mohammed Shia ‘Al Sudani signed the agre


Medochemie to invest $23m in Egyptian factory

Cyprus-based Medochemie, a pharmaceutical company, seeks to invest €20 million ($23.06 million) to launch a factory in Egypt, said a senior official of Industrial Development Authority (IDA). Medochemie, established in 1976 in Cyprus, has nine pharmaceutical plants in Cyprus


Zebra unveils high-performance industrial printers

US-based Zebra Technologies Corporation, a market leader in barcode scanners and printers, has introduced two new industrial printers designed to withstand the harsh environments while delivering superior print quality and uptime. The ZT610 and ZT620 maintain Zebra’s legacy


Fausing takes over as new Danfoss CEO

Danfoss, a global leader in manufacturing heating, ventilation, air-conditioning and refrigeration solutions, said Kim Fausing, an industry veteran, has taken over as its new president and CEO. He will continue the Danfoss strategy, focusing on growth and digitalisation, said a s


IoT solutions market in GCC to hit $11bn by 2025

The Internet of Things (IoT) solutions market in the GCC region is poised for solid growth and is likely to be worth $11 billion over the next eight years, said an industry expert. The IoT has the potential to unlock up to 11 per cent in incremental GDP driving economic growth in


Work to start on Fujairah's smart logistics city

The UAE emirate of Fujairah has reached an agreement with Niras, an international, multidisciplinary engineering consultancy, to start the construction of the first phase of its ambitious Smart Logistics City project. The agreement was signed in the Danish capital of Copenhagen b


Bahri, Bolloré to establish new logistics joint venture

National Shipping Company of Saudi Arabia (Bahri), a leader in logistics and transportation, has signed an agreement with the international Group Bolloré, to establish a new logistics joint venture between the company and Bolloré Logistics. France-based Bollor&eacut


Kale to set up centre for IT innovation in air cargo industry

India-based Kale Logistics, a leading IT solutions provider for the logistics industry, has announced plans to set up a ‘Centre for Innovation for IT in Air Cargo Industry’ at its recent annual Thought Leadership event - Clear View 2017, which was held in Greece. Kale

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