July 10th, 2019 | 0 commentsGlobal technology powerhouse Siemens said it has clinched an order worth more than €284 million ($319 million) to supply gas and steam turbines and generators as well as long-term power generation services for a 840-megawatt (MW) power plant located in the Maisan Governorate in the southern region of Iraq. The contract was awarded jointly...
July 7th, 2019 | 0 commentsSaudi Arabian Military Industries (SAMI) said it has signed a high-level defence collaboration agreement with Paramount Group, the global aerospace and technology company, in a major step towards fulfilment of Saudi Arabia’s vision for the creation of an integrated defence industrial ecosystem. The agreement will see the duo develop techn...
July 3rd, 2019 | 0 commentsThe Dubai-based ride-hailing app Careem has ended operations in Sudan in less than a year from launching its services in the country, Reuters reported, citing a spokeswoman from the company. “There are no plans to close any other markets and ceasing Sudan operations will not have any effect on Careem’s other markets,” she said. Uber Techn...
June 27th, 2019 | 0 commentsThe developer and operator of the UAE national railway, Etihad Rail, has approved the awarding of the AED 4.4 billion agreement for civil and track works of Packages B and C for Stage Two of the UAE national railway network connecting Abu Dhabi and Dubai. The project was awarded to China Railway Construction Corporation, CRCC, and Ghantoo...
June 24th, 2019 | 0 commentsThe Saudi national carrier, flynas, has signed a memorandum of understanding (MoU) with Airbus to buy 20 of the latest A321XLR and A321LR aircraft to be received by 2023, Saudi Gazette reported. The agreement, which was signed on the sidelines of The Paris Air Show, valued at $2.4 billion (SAR 9 billion). “Today, we are pleased to sign th...
June 11th, 2019 | 0 commentsDubai Land Department (DLD) on Monday announced signing a memorandum of understanding (MoU) with Emirates Telecommunications Group Company (Etisalat) concerning Ejari system and the real estate blockchain technology. The deal comes as part of efforts by both sides to apply smart government standards including paperless management, reducti...
June 10th, 2019 | 0 commentsCommvault, a global leader in enterprise backup, recovery and data management, has announced that UAE-based Emirates Steel has implemented Commvault HyperScale to support its digitalisation ambitions and safeguard its manufacturing operations. Headquartered in Abu Dhabi, Emirates Steel is wholly government-owned. At full capacity, its 11...
May 30th, 2019 | 0 commentsBombardier Transportation has been awarded a EUR 3 billion project along with two Egyptian companies, Orascom Construction Plc and Arab Contractors, for the development of a monorail in Cairo. The project aims at building a 54-kilometre monorail system that links the New Capital city with eastern Cairo, as well as the construction of a se...
May 28th, 2019 | 0 commentsDubai Air Navigation Services (DANS) on Monday announced it has signed a strategic new leasing agreement with the Dubai Aviation City Corporation (DACC). Upon the agreement, DANS will set up its first training facility within Al Maktoum International Airport, known as Dubai World Central (DWC), according to a press release. The agreement...
May 28th, 2019 | 0 commentsAluminium Bahrain (Alba), the Bahrain-based aluminium smelter, was recently recognised with the ‘Best Corporate Governance in Industrial Services Middle East’ award by Ethical Boardroom. The award recognised Alba for its outstanding corporate governance policies as well as its role in establishing and maintaining good practices in transpa...
