Tuesday, August 21, 2018

DP World acquires Danish logistics firm

Dubai, United Arab Emirates, — DP World announced the signing of the acquisition of 100% of the Unifeeder Group for €660 million from Nordic Capital Fund VIII and certain minority shareholders. Based in Aarhus...

Toronto’s Hi Thanks Bye gets top billing at London Design Fair

Opening in September, London Design Fair 2018 will be a truly global affair, with the strongest presence of international exhibitors to date. From Denmark to Dubai and Sweden to South Korea, the Fair promises...

Nuclear Construction Update: New Progress Made in Russia, UAE, and U.S.

Several milestones have been reached at nuclear power plant construction sites around the world including on the Leningrad II-2, Novovoronezh II-2, Barakah, and Plant Vogtle projects. Russian Progress At the Leningrad site, Rosatom—the Russian state atomic...

Saudi Aramco, Malaysia’s Petronas Tap Banks for Jumbo Financing

Saudi Aramco and Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for a joint venture with long-term financing of approximately the same size.   DUBAI/HONG KONG, Aug 7 (Reuters)...

UAE’s Barakah 2 Nuclear Plant Completes Hot Functional Tests

Tests that simulate the temperatures and pressures which the reactor systems will be subjected to during normal operation have been completed at unit 2 of Barakah nuclear power plant in the United Arab Emirates.During...

Abu Dhabi signs PPP agreements worth $14m

Two public-private partnership (PPP) contracts worth $13.9m (51.3m) have been awarded by Abu Dhabi Municipality (ADM) for the construction of a service station and a market. UAE firm Tristar Engineering and Construction Company won a...

UAE shipping firm Tristar buys Dubai chemicals terminal

UAE-based shipping firm Tristar has consolidated its presence in Dubai's Jebel Ali Free Zone (JAFZA) with the acquisition of the Shell Chemicals terminal. The Shell Chemicals terminal is situated on a 21,000 sq m lot...

Agri startup raises £400k to fight deadly bovine TB worldwide

A Suffolk AgriTech startup has secured £400k seed funding to meet global demand for its world first rapid test for mycobacteria in blood or milk – cause of the deadly bovine TB.PBD Biotech in...

ADNOC seeks to expand relationships within Japan’s energy sector

Partnership and investment opportunities, created by ADNOC’s Upstream and Downstream growth plans, as well as the potential for the long-term supply of hydrocarbon products to Japan, were explored in a recent meeting between...

UAE woos investors in space industry

Virgin Galactic's SpaceShip (Image from Space.com) The UAE Space Agency announced plans aimed at attracting private investors in the country’s developing space industry. According to Dr. Mohamed Nasser Al Ahbabi, chief of the UAE Space Agency, they...