Wednesday 22 November 2017

Bahrain's fuel tank construction work on track

Jet Fuel Company (BJFCo), a joint venture between nogaholding and Bahrain Airport Company (BAC), has started work on the construction of its fuel tanks which will be ready by March 2019, said a report. BJFCo will be in charge of transporting jet fuel within the airport, as well a


Human factor 'key in industrial safety'

The important role of the human factor in ensuring safety and improving reliability in industrial environment was highlighted by a senior Saudi Aramco official.   Speaking at the the 12th Professional Development Conference & Exhibition, organised in coordin


Oil markets ‘need to extend output cut deal’

Oil markets need to extend the crude oil production cut deal to ensure market stability and reasonable prices, said Suhail bin Mohammed Faraj Faris Al Mazrouei, UAE Minister of Energy and Industry. He noted that reaching an agreement by Opec and non-Opec countries toward this end


Engie eyes big role in Dewa's smart energy projects

Leading officials of the multinational utility company Engie held discussions with Dubai Electricity and Water Authority (Dewa) on ways to develop smart and sustainable solutions which support a low carbon economy. The high-level delegation from the French energy major also prese


Carbon credits drive green funding in Dubai

Dubai Carbon has announced its first carbon credit transaction, with the sale of the resulting Certified Emission Reductions (CERs) from Dewa Chiller Station L Project through adopting the Clean Development Mechanism (CDM) to Farnek Total Facility Management. This initial sale pa


Saudi Arabia to impose 5pc VAT on fuel

Saudi Arabia will apply the standard value added tax (VAT) of five per cent on fuel, the kingdom's General Authority of Zakat and Tax (GAZT) has been quoted as saying.   The confirmation was stated in a reply to an online question whether there would be a VA


UAE wins bid to host 33rd World LPG Forum

The UAE has won a global bid to host the 2020 edition of the prestigious World LPG Forum, an event organised by the World LPG Association (WLPGA), the authoritative voice of the global liquefied petroleum gas (LPG) industry. The Enoc Group will host the event in Dubai in 2020.


Schneider opens Innovation Hub on Wheels in Dubai

Schneider Electric has inaugurated the Innovation Hub on Wheels at Dubai Silicon Oasis, showcasing its next-generation EcoStruxure architecture and platform that delivers IoT-enabled open and interoperable solutions across user segments. Schneider Electric has inaugurated the Inn


UAE’s IoT market to triple to $35bn by 2019

The UAE’s IoT market is set to more than triple to USD 35 billion by 2019, industry experts said on the sidelines of the Smart Life exhibition in Ajman, UAE citing recent report by research firm MicroMarket Monitor. As a result, organizations across the region can transform


Wärtsilä-built power plant inaugurated in Oman

Musandam Independent Power Project (IPP), a 120 MW power plant supplied and built by Finland-based technology group Wärtsilä, was recently inaugurated in northern Oman. The ceremony was attended among others by executives from the plant owners, Musandam Power Company (M

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