Thursday 23 March 2017

Bahrain national wins award for invention

Eng Tasneem Mohamed Yousif, from Bahrain, was recognised with a silver medal for her invention, Smart Gas System (SGS), at the recently concluded 9th international inventions Fair, Middle East, Kuwait. The invention was also awarded an ‘Excellence Scientific Award in Invent


Senaat secures $400m revolving credit facility

Senaat, one of the largest industrial investment holding companies in the UAE, has entered into an agreement with 11 financial institutions to receive a revolving credit facility of $400 million. The facility, split between 3-year and 5-year tranches, will be utilised in lieu of


Asar helps Kuwait set up debut $8bn issue

Al Ruwayeh & Partners (Asar), a leading corporate law firm said it had acted as law counsel to Kuwait, acting through the Ministry of Finance and represented by the Kuwait Investment Authority, for the establishment of its Global Medium Term Note (GMTN) Programme and Kuwait's inaugural


YBA Kanoo's KRT courier division acquired by Fetchr

Yusuf Bin Ahmed Kanoo Group (YBA Kanoo), one of the largest family-owned multinational businesses in the Middle East, has announced that its courier service, KRT, has been acquired by Fetchr in a move to enter a new partnership that will elevate the service levels for its customers with cutting


Escher to supply five flare systems for Liwa project

Netherlands-based Escher Process Modules has secured a contract to supply a total of five flare systems for the multibillion dollar Liwa Plastics Industries Complex (LPIC) currently under construction at Sohar, Oman, said a report. Escher Process Modules will fabricate and delive


BSM takes delivery of first ice class feeder vessel

Bernhard Schulte Shipmanagement (BSM), an integrated maritime solutions leader, has taken the first ice class container feeder vessel, Eilbek, into management. Three other vessels -  Barmbek, Reinbek and Flottbek - will join the group by mid-April. The four ice class contain


Saudi high-speed rail project enters fast track

Work on the Haramain High-Speed Rail project in Saudi Arabia is progressing at a steady pace with 95 per cent of 450-km-long line - linking the key cities of Makkah and Madinah - already completed, said a report. The remaining 20-km line, linking Jeddah to Makkah at the main stat


DP World net income tops $1 billion

Dubai-based global marine terminal operator DP World has announced strong financial results from its global portfolio for the 12 months ending 31 December 2016, which saw the company achieve net income of over $1 billion for the first time. On a reported basis, revenue grew 4.9 p


Top agricultural forum set to start in Abu Dhabi

Top speakers from around the world will discuss several challenges at the Global Forum for Innovations in Agriculture (GFIA) to be held tomorrow (March 20) in Abu Dhabi, UAE. The three-day event, being held under the patronage of HH Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prim


Dubai event to help boost leather industry in MEA

Global interest in the Middle East and Africa’s (MEA) leather industry is gaining momentum, as international tanneries, designers, suppliers, and manufacturers look to boost business prospects at the upcoming trade show to be held next month in Dubai, UAE. Debut exhibitors

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