Bahrain is looking at signs the economy may be rebounding but at least one major ratings agency cautions the kingdom may not yet be out of the woods. The optimism stems from a 10 per cent surge in local bank deposits, a growth of 5 to 7 per cent in loans and expectations that the country’s banks will see a tidy increase in profits of 7 to 10 per...
Alba eyeing output record
Aluminium Bahrain (Alba) is on track to exceed the 2012 record output of 890,000 tonnes, the company ...
Majaal upbeat on its service line
A services deal Majaal Warehouse Company recently signed with a Kuwaiti company is generating signif ...
Bahrain Atomisers bottomline ‘better’
Bahrain Atomisers, which now only produces aluminium powder having closed its pellets section, is no ...
Akil a facilitator for Western firms
Akil Management Services, a consultancy firm based in Bahrain and founded by Dutchman Erik Wellen to ...
Saudi Arabia’s Sahara Petrochemical and Saudi International Petrochemical Company (Sipchem) hope to complete a share-swap merger in the first half of 2014 that would create a firm valued around $5 billion, reports Reuters. The duo said in bourse filings they had signed a memorandum of understanding relating to the merger and that due diligence had...
Sabic research centre opens
Sabic’s Plastics Application Development Centre (SPADC) has opened at the Riyadh Techno Valley ...
QP unit set for $880m IPO
Mesaieed Petrochemical Holding Company, a unit of state-owned energy giant Qatar Petroleum, will con ...
GE’s Power Conversion business is amplifying its range of medium-voltage variable frequency drives with the addition of the ecomagination qualified MV6 Series. This mid-range general purpose unit is characterised by a versatility that will enable it to be used across a broad spectrum of industries. The air-cooled MV6 Series uses a simple IGBT power...
THE Twin Robot Xbar (TRX) from ABB is the fastest robot-based solution in the market for loading and ...
WattJoule Corporation, a developer of next-generation flow battery energy storage systems, has enter ...
Siemens adds new torque motors
SIEMENS’ drive technologies division has added naturally ventilated built-in torque motors to ...
Largest agitator seal delivered
EagleBurgmann has shipped the largest agitator seal (480 mm shaft size) for use in a new PTA (pure t ...
Allen Engineering Corporation has introduced the MSP450, which is a totally new manual steering, mechanical-drive riding trowel in the Allen riding trowel line-up. The new patent-pending torque converter clutch system, high horsepower, and low weight-to-horsepower ratio make the new MSP450 a “torque monster” among 4 ft diameter mechanical...
METHODS Machine Tools Inc, a leading supplier of innovative precision machine tools, automation and ...
The Middle East oil and gas industry should define what the best practices are locally for cyber security and towards that end collaboration and sharing information is critically important, a senior official of a prominent technology consultancy firm has said. Atif Kureishy, principal, Booz Allen Hamilton, Mena, suggested that ...
Two weeks after an independent study concluded that Natcore Technology’s black silicon technology could reduce silicon solar cell production costs by up to 23.5 per cent, the company has taken additional steps that could further reduce production costs and hazardous effluents. Black silicon technology can eliminate the plasma-enhanced chemical vapour...
Siemens system wins storage order
Siemens is to deliver a Siestorage energy storage system to Süwag Energie AG for grid stabilisa ...
Currents energy study gets boost
Nordic marine energy technology leader Minesto will conduct a pre-study for full-scale ocean trials ...
Aspen Technology Inc, a leading provider of software and services to the process industries, has announced the availability of a solution that helps quick analysis of heat exchangers while offering other capabilities. The aspenONE V8.4 software features new Activated Exchanger Design and Rating (EDR) and updates to Activated Energy and Activated Economics...
GEMS Sensors & Controls, which supplies innovative sensor and miniature solenoid valve designs t ...
ERA tool gauges emissions
ERA Environmental Management Solutions has solved a major environmental problem for the oil and gas ...
HRS Heat Exchangers, based in the UK, has provided Cory Environmental with a customised thermal tran ...
TRANTER Inc and Westinghouse Electric Company LLC have entered into a teaming agreement to develop a ...
With its Weld Wizard app, Fronius has developed an easy-to-use tool to help welders work out the necessary parameters, and loaded it with practical features to facilitate day-to-day welding assignments. Weld Wizard provides fast, accurate information on the deposition rate and on the energy-per-unit-length derived from interpolated welding parameters. It...
New Tweco product ‘exceptional’
Victor Technologies has launched the Tweco Fabricator 141i 3-in-1 welder, a multi-process welder tha ...
BMT Fleet Technology Ltd (BMT), a subsidiary of BMT Group Ltd, has announced its latest research pro ...
INFRARED (IR) welding is quickly gaining importance in the thermoplastics industry as a competitive ...
Abu Dhabi’s new Khalifa Port handled 1 million teu in its first year of operation. The port began commercial operations at the end of 2012 when all container traffic was transferred from the city centre Zayed Port to the new state-of-the-art flagship facility. Abu Dhabi Ports Company (ADPC), the master developer of ports and industrial zones, and Abu...
Hino opens warehouse at DWC
Dubai World Central (DWC), the world’s first purpose-built aerotropolis, has announced that Hi ...
Energy audit deal
MAF Dalkia, a regional leader in providing multi-technical and energy management services, has secur ...
Cathay to use DWC for cargo HONG Kong-based Cathay Pacific will move its freighter operations from ...
