Regional News
April 2014

AN integrated smart city project called Silicon Park has been launched at the free zone technology park Dubai Silicon Oasis (DSO). The 150,000 sq m park will cost Dh1.1 billion ($300 million) to build and feature buildings that boast of green roofs and solar energy generating photoelectric panels, said the DSO authority (DSOA).






April 2014

MOMENTUM remains in the UAE industrial property market with steady rates and growth throughout the country, real estate consultancy Cluttons says.






April 2014

ALSTOM has opened in Dubai the first smart grid centre in the Middle East, describing it as a major step in its long-term commitment to providing sustainable electricity infrastructure to the UAE and the region.






April 2014

TOTAL Marketing Middle East (TMME), signed three strategic agreements with AW Rostamani Trading for its Elf brand. The first agreement aims to expand the scope of distribution of Elf lubricants in Dubai and the Northern Emirates to cover both commercial and retail segments.






April 2014

LEADING Saudi manufacturer Zamil Air Conditioners, which recently announced the launch in the Gulf and Middle East of its first ever water-cooled Turbocor centrifugal chiller, will have the new product installed in Bahrain soon by Bahrain-based Al Namal Group, making it among the first to be used in Gulf markets outside Saudi Arabia.






April 2014

ZAMIL Steel Construction Company has successfully completed the engineering, procurement and construction (EPC) of several customised pre-engineered steel buildings for a GCC project in Saudi Arabia.






April 2014

THE Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, has announced the creation of its Institute Centre for Microsystems (iMicro) that will serve as a research and development hub for Abu Dhabi’s emerging semiconductor ecosystem.






April 2014

A CENTRE has been announced that will help develop technologies contributing to Abu Dhabi’s goal of having renewable sources contribute 7 per cent of energy production capacity by 2020.






April 2014

BAHRAIN’S Arab Shipbuilding and Repair Yard (Asry) has highlighted it repaired six vessels simultaneously on its dual slipways, matching a previous record and indicating its small and medium repair business has continued to flourish since the state-of-the-art dual slipways were opened in 2008.






April 2014

ABB Industries, Dubai, will open a new workshop at Asry following an agreement it signed with the Bahrain ship and rig repair yard. As well as the workshop, ABB will provide international factory warranties from Asry and provide onsite accessability for Asry customers to its worldwide service network.






April 2014

DUBAI-headquartered Shelf Drilling, owned by Australia’s Champ Private Equity, is gearing up for listing on the London Stock Exchange, reports Reuters. Shelf Drilling was formed 16 months ago by Champ to run $1 billion worth of shallow water oil rigs.






April 2014

DRYDOCKS World, a leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors, announced the completion and delivery of Eagle Louisiana, the second of two Modular Capture Vessels (MCV). The first MCV, Eagle Texas, had sailed away from Drydocks World’s yard recently.






April 2014

DUBIOTECH, Dubai’s dedicated biotechnology and research park and a member of Tecom Investments, has announced that private laboratory HITS is its new business partner. HITS has been awarded certification by Dubai Accreditation Centre to provide quality testing of products such as food and cosmetics for halal integrity and safety standards.






April 2014

DUBAI Investments PJSC (DI), a leading investment company listed on the Dubai Financial Market, has achieved unprecedented success through its private equity subsidiary Masharie LLC, declaring profits of Dh107.68 million ($29.29 million) through divestments in nine subsidiaries over the years.






April 2014

THE Ras Al Khaimah Free Trade Zone (RAK FTZ) Authority plans to build a new office tower and warehouses to cater to rising demand which saw registrations surging last year. Some 2,900 registrations of new companies were accomplished in 2013, reflecting an increase of nearly 30 per cent over the 2012 tally of 2,300.






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