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Ooredoo Kuwait confirms its leadership in supporting sustainability solutions on World Earth Day…

Kuwait, 22nd  April 2024: In observance of International Earth Day, Ooredoo Kuwait, renowned for its unwavering dedication to sustainability, continues to spearhead groundbreaking initiatives aimed at further reducing carbon emissions and championing environmental responsibility. Expanding on its enduring commitment to this global cause, Ooredoo Kuwait sets the pace by embracing eco-friendly practices and pioneering solutions to safeguard the planet. Among its ongoing sustainability endeavors, Ooredoo Kuwait has embarked on a significant initiative to transition from diesel generators to grid power. This pivotal move underscores the company's steadfast commitment to shrinking its carbon footprint and transitioning towards cleaner energy sources. By harnessing grid power, Ooredoo Kuwait not only lessens its reliance on ......read more

Al Hamra Real Estate Company Powers its Parking Complex with Clean Energy in Collaboration with the KFAS and KISR…

Kuwait, 22 August 2023: In line with its commitment to sustainability and clean energy, Al Hamra Real Estate Company has successfully completed the installation of a state-of-the-art solar panels system atop the parking complex of Al Hamra Business Tower and Shopping Center. The project, which was executed in close collaboration with Kuwait Foundation for Advancement of Sciences (KFAS) and Kuwait Institute of Scientific Research (KISR), employed the deployment of photovoltaic solar panels boasting a total capacity of 240 kWp.  Employing the latest advancements in technology and harnessing top-tier expertise, the project achieved operational status in an impressively expedited timeline, commencing by August 15. This remarkable endeavor sets a pioneering model that marks a key milestone in Al Hamra’s commitment to fulfilling ......read more

Mitsubishi Power Awarded Long-term Contract from Kuwait Ministry of Electricity & Water & Renewable Energy to Boost Efficiency of Sabiya Power Station…

• Project win includes upgrade of Steam Turbines and Generators for eight steam units as well as control system at Sabiya Power and Water Distillation Station   • Upgrade to extend lifetime of steam turbines & generators by up to 20 years, increasing efficiency and ensuring safe and reliable power generation and water production in Kuwait   Sabiya Power Station in Kuwait   KUWAIT CITY, Kuwait - May 15, 2023 – Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), announced that it had been awarded a long-term contract by the Kuwait Ministry of Electricity & Water & Renewable Energy to optimize the performance of the Sabiya power and water distillation station and boost its efficiency, in line with Kuwait Vision 2035 to meet the country’s ......read more

ADNOC Distribution Shareholders Approve H2 2021 Dividend at Annual General Assembly Meeting…

H2 2021 Dividend of AED 1.285 billion (10.285 fils per share), bringing 2021 total dividend to AED 2.57 billion (20.57 fils per share) Company reaffirms its commitment to maintaining its growth momentum, with plan to deliver 60-80 new stations in 2022, including 20-30 in the UAE and 40-50 in international markets Positive growth outlook and earnings momentum in both fuel and non-fuel businesses to accelerate in 2022 and beyond Company remains on track to deliver minimum of $1bn EBITDA by 2023 Attractive dividend policy set to continue with a minimum of AED 2.57 billion dividend for 2022 and yearly dividend equal to at least 75% of distributable profits from 2023 onwards March 25, 2021: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest fuel and convenience retailer, delivered a confident, ......read more

IRENA's World Energy Transition Day Kick-Starts Crucial Assembly Meeting…

Agency’s 11th Assembly brings almost 2000 participants including 70 Ministers together virtually to set the course for a year of critical energy discussions 19 January 2021 – The International Renewable Energy Agency’s (IRENA) Eleventh Assembly started today (Monday) and takes place virtually setting the course for a critical year of global commitments to low-carbon development. With the postponed COP26 set to take place later this year, 2021 is seen as an important moment for countries to raise climate mitigation ambition including renewable energy deployment, to align economic recovery efforts with the goals of the Paris Agreement.   “The COVID-19 pandemic defined 2020,” said Francesco La Camera, IRENA Director-General. “However, as countries look to recover from the devastating ......read more

Schneider Electric Unveils New Sustainable Energy Products at CES 2021…

• Schneider Electric unveils new sustainable energy products at CES 2021, focuses beyond smart to resilient and sustainable Homes • The leader in digital transformation of energy management evolves smart home technology to focus on efficiency, resilience and sustainability • New solutions bring enhanced safety and control while delivering sustainable energy management choices directly to homeowners   13 January 2021:  Schneider Electric, the leader in the digital transformation of energy management and automation, today announced at CES 2021 the expansion of their Wiser smart home ecosystem, furthering discussion around the Smart and Sustainable Home. The Wiser range marks a significant step forward to create affordable, sustainable, energy efficient, resilient and personalized ......read more

Siemens Energy Awarded Major Service Contract to Strengthen Kuwait's Power Grid Reliability…

• Contract covers maintenance of 116 high-voltage substations, biggest Transmission service contract for Siemens Energy in Kuwait. • One of the largest power transmission service agreements in the Middle East     KUWAIT -  November 25, 2020:    Kuwait’s Ministry of Electricity and Water (MEW) awarded Siemens Energy a contract to provide maintenance to 116 high-voltage substations. The five-year service contract represents Siemens Energy’s largest Transmission service order in the country and one of the biggest service agreements in the power transmission sector in the Middle East. The project aims to ensure reliable power supply throughout Kuwait.    The substations will undergo maintenance to enhance their reliability and safety and will provide power to ......read more

ASAR – Al Ruwayeh & Partners Acts as Kuwait Legal Counsel to the Consortium of WTE Wassertechnik Gmbh and International Financial Advisors Holding KSCP on the Umm Al Hayman Wastewa…

Kuwait – 8 February, 2020:   ASAR - Al Ruwayeh & Partners (“ASAR”), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier firms, is pleased to announce that it acted as Kuwaiti legal counsel to the consortium comprised of WTE Wassertechnik GmbH (WTE) and International Financial Advisors Holding KSCP (the Consortium) who were awarded the Umm Al Hayman Wastewater Treatment Plant Project, a project developed under Kuwait’s Public Private Partnerships (PPP) Laws under the auspices of the Kuwait Authority for Partnership Projects (KAPP) and the Ministry of Public Works. The Project agreements were signed on the 23rd of January 2020. The Umm Al Hayman Wastewater Treatment Plant Project will consist of the construction of a new sewage treatment plant ......read more

Kuwaiti Students to Gain in-depth Renewable Energy Knowledge During Five-day Workshop…

Dubai, UAE - November 25, 2019:  Hundreds of young Kuwaiti students are set to receive first-hand teaching and instruction about Renewable Energy at a special five-day workshop taking place this week at Kuwait University. The programme – established by the Ministry of Education in Kuwait, the British Council, BAE Systems and Kuwait University – will promote crucial subjects in Science, Technology, Engineering and Mathematics (STEM) to Kuwaiti students. The workshop was officially inaugurated on Sunday by Michael Davenport, Her Majesty’s Ambassador to the State of Kuwait; Osama Al Sultan, Assistant Undersecretary for General Education in the Ministry of Education; and Muna Al Ansari and Shekha Al Hajraf, General Supervisors for Mathematics and Science in the Ministry of Education. Mr. Osama Al Sultan, ......read more

Dubai Supreme Council of Energy organizes a roadshow of the Emirates Energy Award 2020 in Kuwait…

The Award aims to showcase power efficiency and environmental conservation initiatives on an international stage   Kuwait, 14 November 2019:   The Dubai Supreme Council of Energy held a press conference (12 November 2019) in Kuwait, to highlight the fourth edition of the Emirates Energy Award 2020, organized under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, under the theme ‘Inspiring Innovation for Sustainable Energy’. As part of the Council's strategy, the aim is to encourage innovative ideas from individuals and research centres, as well as public and private sector institutions to participate in the forthcoming award. The press conference was attended by H. E. Saqr Nasser Al Raisi, UAE Ambassador to ......read more

Miyahuna's Clever Linguistic Trick Used 46 Million Times to Promote Water Conservation in Jordan…

Kuwait – August 21, 2019:   Millions of Jordanian citizens, and thousands of Jordanian organizations stood in support of the nation’s water scarcity issue following the launch of a unique linguistic campaign from Miyahuna. In collaboration with Memac Ogilvy, Jordan’s water utility organization removed the dots or drop-like elements from the Arabic spelling of logos, altering their meanings, and therefore highlighting the importance of a few single drops. The campaign, named Don’t Underestimate the Drop, racked up almost 50 million impressions during the teaser phase alone, which went live on July 28, 2019.  As the most water scarce country in the world, Jordan has been suffering from a lack of water security due to limited water resources, irregular rainfall patterns, and climate change, ......read more

Lukoil Marine Lubricants strengthens its collaboration with KOTC…

After three successful years, Lukoil Marine Lubricants will once again supply Kuwait Oil Tanker Company’s full fleet of various tanker vessels  Dubai, United Arab Emirates - 11 June 2019:   Dubai-based subsidiary of LUKOIL, Lukoil Marine Lubricants (Lukoil), has reached a renewal agreement with the subsidiary of Kuwait Petroleum Corporation (KPC), Kuwait Oil Tanker Company (KOTC). For the past three years, Lukoil has supplied KOTC’s full fleet of tanker vessels with their specialized product of marine lubricants. The new deal between the two companies will help to build upon the existing foundation of an already solid business working relationship. As per the contract terms, Lukoil will supply KOTC’s 24-strong fleet consisting of Very Large Crude Carriers (VLCC’s), Product Carriers, Liquefied ......read more

Grandweld Shipyards delivers four Crew Boats to Kuwait Oil Company…

As per the contract’s delivery deadline 17 April 2019:   The UAE-based, Grandweld Shipyards, has recently announced a delivery of four Crew Boats to Kuwait Oil Company “KOC”. As per the contractual agreement signed in May 2017, Grandweld should build six Pilot Boats and four Crew Boats for KOC. Five boats have been delivered and the remaining five will be delivered in June 2019. Furthermore, the newly constructed four boats were specially designed to meet the requirements of KOC, in accordance with Lloyd's Register’s classification rules in order to provide the highest operational efficiency and safety, and have been delivered promptly without delay. Commenting on this development, Jamal Abki, General Manager of Grandweld Shipyards clarified, “Our long years of experience in the ......read more

Mitsubishi Hitachi Power Systems (MHPS) showcases cutting-edge power changing technologies reshaping how energy is generated in Kuwait…

MHPS’s Advanced Class Gas Turbines provide low cost, low emission energy with world-leading efficiency and 99.5% reliability More than 150 participants to attend including Kuwaiti MEW officials, IPP and EPC representatives Presentation of solutions utilizing the latest technologies to ensure a stable energy supply in Kuwait Kuwait City, Kuwait, 8 April 2019:   In an impressive display of Japanese technological advancement and efficiency and Kuwaiti far-sightedness and ambition, Mitsubishi Hitachi Power Systems, Ltd. (MHPS) held an advanced technology seminar on April 8 in Kuwait City, centered on gas turbine combined-cycle power generation systems. The increasing demand for electricity, the desire to introduce natural gas as the fuel of choice and the need to provide reliable power are essential to ......read more

Kuwait to Host 5th Annual Petroleum Economist Energy Strategy Forum…

Leading international, regional experts and decision makers to attend   Official Co-host: Kuwait Petroleum Corporation (KPC) Under the Patronage of: The Minister of Oil, State of Kuwait Gold Sponsor: National Bank of Kuwait (NBK) | Knowledge Partner: EY | Legal Partner: HFW   Kuwait City, Kuwait: 6 February 2019   Petroleum Economist, the global energy magazine, and Kuwait Petroleum Corporation (KPC) will co-host the fifth annual Energy Strategy Forum at the JW Marriott Hotel, Kuwait City on Tuesday 5 February. National Bank of Kuwait (NBK) is the gold sponsor, EY is the knowledge partner, while HFW is the legal partner.   The one-day forum will address the issues that really matter for this part of the world, and beyond including the global and regional market outlook; new methods for ......read more

SNC-Lavalin signs Al Zour Refinery contract in Kuwait…

Kuwait, July 29, 2018:  SNC-Lavalin (TSX:SNC) is pleased to announce that it has signed an approximately $240 million (USD180 million) contract with Kuwait Integrated Petroleum Industries Company (KIPIC) for commissioning management support services, as well as the preparation and delivery of training, documentation and competency development consultancy services, at the Al Zour Refinery in Kuwait. KIPIC is a subsidiary of Kuwait Petroleum Corporation. “We look forward to building a long term relationship with KIPIC and working in association with them to commission one of the newest and biggest refineries in the world. This is a great opportunity to further demonstrate our globally renowned expertise and extensive capabilities in downstream, and to support our client in executing their strategy and delivering a successful ......read more

Honeywell Opens New Customer Experience Center in Kuwait to Showcase Latest Oil and Gas Technologies…

New center highlights how Honeywell Connected Plant technologies can drive more safety, reliability, efficiency, and profitability across Kuwait’s energy sector Kuwait, May 15, 2018 –  Honeywell (NYSE: HON) today opened a state-of-the art Customer Experience Center (CEC) at its office in Mina Abdullah in southern Kuwait, which aims at giving local customers, trainees and students a deeper understanding of Honeywell products and solutions, in particular Honeywell Connected Plant technology, for oil and gas facilities and refineries.  The opening event was attended by senior energy industry executives who experienced how Honeywell leverages the Industrial Internet of Things (IIoT) and connected technologies to increase safety, reliability, efficiency, and profitability across the sector. The launch of the ......read more

Honeywell and Equate Sign Agreement to Enhance Productivity of Petrochemical Plants in Kuwait…

The global producer of petrochemicals joins Honeywell’s efforts to develop solutions that reduce downtime and increase profitability  Kuwait, Feb. 27, 2018 –   Honeywell (NYSE: HON) and EQUATE Petrochemical Company, a global producer of petrochemicals, today announced the signing of a memorandum of understanding (MOU) to further the development of innovative technologies to support operations at EQUATE’s industrial complexes.  EQUATE is currently the owner and single-operator of several fully integrated world-class petrochemical complexes in Kuwait, North America and Europe. The company is Kuwait’s first international petrochemical joint venture and the world’s second-largest producer of ethylene glycol (EG).  “As a global software-industrial company, Honeywell has ......read more

Transition and opportunity: ensuring success in the new energy market…

Senior Ministers Attend Kuwait Energy Strategy Forum   Kuwait City, Kuwait: 31 January 2018:  Senior Ministers from Kuwait, as well as executives from some of the world’s leading energy companies, met in Kuwait today to discuss the opportunities facing the global energy sector. The conference brought together an international audience, attracting over 200 delegates from 20 different countries, including the United Kingdom, Japan and the United States.   2018 has seen prices for oil reaching a three-year high, interest in renewables rising with big oil buying into green and a continued move into digitalisation and increased efficiencies.   For supplier nations, the new energy market poses significant challenges and opportunities, while oil and energy companies continue to consider changes in ......read more

EQUATE Propels Kuwait as a Global Leader in the Petrochemicals Business Innovation with SAP…

Cloud Enables Business Agility and Competitiveness to Support the New Kuwait 2035 Vision’s Economic Growth Goals KUWAIT CITY, Kuwait – 3 January 2018 – EQUATE Group, a global producer of petrochemicals, announced today the next phase of its partnership with digital transformation enabler SAP, in an effort to drive the company’s global business growth and support the New Kuwait 2035 vision’s economic diversification goals. In the highly-competitive petrochemicals industry, 94 percent of executives expect to increase investment in digital capabilities over the next three years, according to a recent report by Accenture. Thanks to its longstanding partnership with SAP, EQUATE has full business visibility and real-time operational analytics. Business applications run on the SAP HANA in-memory platform for ......read more

Kuwait Integrated Petroleum Industries Company to Expand Al-Zour Refinery With Honeywell Technology…

Facility will become the largest integrated refinery and petrochemicals plant in Kuwait Kuwait City, Kuwait, Nov. 27, 2017:   Honeywell (NYSE: HON) announced today that Kuwait Integrated Petroleum Industries Company (KIPIC) will use a range of process technologies from Honeywell UOP, a leading licensor of refining and petrochemical process technology, for the expansion of its refining and petrochemical complex at Al-Zour, south of Kuwait City. Honeywell UOP will supply technology licenses, design services, key equipment, and state-of-the-art catalysts and adsorbents to produce clean-burning fuels, paraxylene,  propylene and other petrochemicals. “When completed, this will be the largest integrated refinery and petrochemicals plant ever constructed in Kuwait,” said John Gugel, vice president and general ......read more

Kuwait Oil Tanker Company awards GAC Fujairah husbandry contract…

Covers KOTC vessels in Fujairah, Khor Fakkan and Singapore Fujairah, UAE July 1, 2017:  GAC Fujairah has been awarded a husbandry contract by the Kuwait Oil Tanker Company (KOTC) to provide ship supply services, spare parts handling and a range of other logistical services to its vessels arriving in Fujairah, Khor Fakkan and Singapore anchorage.  As part of global shipping, logistics and marine services provider GAC Group, GAC Fujairah worked in close cooperation with the Middle East Regional Office in Dubai and GAC Singapore to secure the deal. Under the contract, the GAC team is set to handle approximately 450 jobs a year, a figure which is likely to grow as the KOTC fleet expands. This is the third time GAC Fujairah is appointed by KOTC to provide husbandry services to its vessels. A KOTC senior management ......read more

Halul Offshore Wins Excellence in Health, Safety & Environment Award at Offshore Achievement Awards 2016…

Dubai, UAE- Halul Offshore Services Co., the offshore marine services arm of Milaha (Qatar Navigation), won the ‘Excellence in Health, Safety & Environment Award’ at the recently concluded 2nd Offshore Achievement Awards for the jack-up rig & liftboat industry. The award ceremony was held during the annual Offshore Jack Up Middle East (OJME) Conference at The Address Hotel, Dubai Mall, UAE. The prestigious award recognized the outstanding performance of Halul Offshorein ensuring the health and safety of its employees and partners in addition to protecting its assets and the environment.  Mr. Abdulrahman Essa Al-Mannai, President and CEO of Milaha, Halul Offshore’s parent company, said: “The 2nd Offshore Achievement Awards 2016 is a leading platform for the Jack Up Rig & Liftboat industry, ......read more

First Solar Commissions 52.5MW Shams Ma'an Plant in Jordan…

PV power plant accounts for approximately 1% of Jordan’s total power generation capacity TEMPE, Ariz./AMMAN, Jordan, October 9, 2016 – First Solar, Inc. (Nasdaq: FSLR) today announced that it has commissioned the 52.5 megawatt (MW)AC Shams Ma’an project in the Hashemite Kingdom of Jordan, on schedule.  The plant is owned by a consortium of investors consisting of Diamond Generating Europe Ltd., Nebras Power Q.S.C. and the Kawar Group. First Solar significantly contributed to the development of the project before divesting its stake and being appointed the Engineering, Procurement and Construction (EPC) contractor. Shams Ma’an has a 20-year Power Purchase Agreement (PPA) with the National Electric Power Company (NEPCO), the country’s power generation and distribution authority. “First ......read more

Dubai's Carbon Copy…

New agreement signed to support the development of National Greenhouse Gas Inventory Systems (NIS) Dubai, 10 March 2016 – United Nations Environment Programme (UNEP) and Dubai Carbon Centre of Excellence (DCCE) have signed an agreement to develop National Greenhouse Gas Inventory Systems (NIS) for Oman and Kuwait, helping these countries to monitor progress towards the international climate targets agreed in Paris, in December. Signed by Ivano Iannelli, CEO of Dubai Carbon and Iyad Abumoghli, Director and Regional Representative of UNEP, the agreement also allows for future collaboration in other Gulf Countries. UNEP Regional Representative in West Asia, H.E. Dr. Iyad Abumoghli, said: “This Memorandum of Understanding represents a special and significant commitment to engage and establish the best possible solutions ......read more

Kuwait to host petroleum economist energy strategy forum…

Leading international and regional experts and decision makers to attend Official Co-Host: Kuwait Petroleum Corporation Gold Sponsor: National Bank of Kuwait (NBK) Kuwait City, Kuwait: 20 December 2015: Petroleum Economist, the global energy magazine, and Kuwait Petroleum Corporation will officially co-host the second annual Energy Strategy Forum at The Sheraton Hotel, Kuwait City on Tuesday 26 January. National Bank of Kuwait (NBK) have confirmed as a Gold Sponsor of the conference. This VIP, invitation-only forum brings together a 300-strong audience of regional policy makers, national oil companies, international oil companies, financiers, investors and other key market players. The second in this series of energy strategy forums will explore the contention that the hydrocarbons industry is facing a combination of ......read more

Deloitte: Current oil price fluctuations unlikely to impact industry trajectory…

Deloitte: OPEC’s oil market share to fall by 5% by 2018 Deloitte: New global patterns could threaten OPEC’s position on global markets 5 July, 2015- The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector. However the current fluctuations may speed up some of the trends that were already unfolding according to Deloitte’s latest Oil and Gas Reality Check 2015 report. The report outlines six of the major issues currently impacting the oil and gas industry (and the upstream market in particular). These issues include an anticipated shift in supply-demand fundamentals, the emergence of new trading patterns, consideration of OPEC’s role in the market, falling LNG prices, the long-term costs of complex projects and evolving dynamics between integrated oil companies ......read more

London Array Proves Viability of Large-Scale Renewable Projects as it Celebrates Two Years of Successful Operations…

Abu Dhabi, UAE, July 4, 2015 – Today marks the two-year anniversary of the inauguration and completion of London Array – the world’s largest offshore wind farm. The sophisticated, 630-megawatt wind power project – and Masdar’s largest international investment to date – continues to deliver clean and reliable energy to more than half-a-million homes throughout the United Kingdom. Since its launch, London Array has produced more than 5-terawatt hours of affordable, renewable electricity, while mitigating more than 2 million tons of CO2 emissions. “As the largest operating offshore wind farm, the London Array has helped lead the way for the global renewable energy sector,” said Dr Ahmad Belhoul, CEO of Masdar, Abu Dhabi’s renewable energy and clean-technology company. “London ......read more

Turkey offers $350bn projects market opportunity…

Dubai, United Arab Emirates, 23 June 2015: The value of major active projects in Turkey is worth almost $350bn representing an excellent new opportunity for GCC contractors and consultants impacted by falling oil prices, according to new research by MEED Projects, the region’s leading online projects tracking service. Thanks to its booming economy and fast-growing population, Turkey has really accelerated its nationwide infrastructure programme in recent years. For active projects worth more than $100m, the largest individual sector is transport, with $135bn worth of projects either planned or under construction, mainly in the form of new roads, railways and airports.  It is closely followed by the power sector, which has $125bn worth of projects planned or under construction, including nuclear, solar and wind power ......read more

ADIPEC 2015 Puts Abu Dhabi in Global Spotlight with Record Number of Conference Programme Submissions…

Call for Papers Breaks Industry World Record with 2,278 Proposals from 540 Organizations Across 65 Countries Abu Dhabi, UAE – 23 June 2015 – Global industry leaders and decision-makers are set to make the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2015 a record-breaker, with the number of abstract submissions for the Conference Programme rising 26 percent from 2014. With a total of 2,278 proposals submitted from 540 organizations across 65 countries, the ADIPEC 2015 Conference Programme is already building on the success of last year’s event, which received 1,806 abstracts. Nearly half of submissions this year were received from outside the Middle East, underscoring the Abu Dhabi event’s importance as the world’s new meeting point for the global oil and gas community. The ......read more

New Masdar Institute Analytical Chemistry and Biochemistry Lab Enhancing UAE's R&D Infrastructure…

Pursuit of Local Water, Energy and Environment Innovations to be Boosted by New Advanced Facility Abu Dhabi-UAE: 22 April, 2015  ̶  Masdar Institute of Science and Technology,  an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, is launching its new Analytical Chemistry and Biochemistry (ACBC) Laboratory as part of its continuing contribution to the UAE’s indigenous research infrastructure and capacity. “The new ACBC Laboratory and all of the core labs at Masdar Institute are advanced research and training facilities. Our main focus is to increase advance research and increase the number of researchers in the UAE with the skills to operate and understand the results provided by the equipment. These core labs serve as research support, ......read more

Rockwell Automation Introduces the Safety Maturity Index Tool to Help Manufacturers Achieve Best-in-Class Safety Performance…

Safety Maturity Index tool provides insights into where and how manufacturers need to optimize safety to improve plant performance Abu Dhabi, UAE – 13th May 2015 – Rockwell Automation today announced the Safety Maturity Index (SMI) tool, a self-guided assessment that gives manufacturers visibility into the effectiveness of their safety programs and the ability to optimize plant performance. Applicable to any industry, any plant size and any location in the world, the SMI tool helps manufacturers see where they measure in safety culture, compliance and capital. Most importantly, it provides recommendations to help achieve best-in-class safety performance. The three principal components of a successful safe workplace – culture (behavioral), compliance (procedural) and capital (technical) – are equally critical ......read more

DSI Reports AED 1.11 Billion in Revenues and AED 41.7 Million in Operating Profit in Q1 2015…

UAE, May 14, 2015- Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of Civil Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas reported today the financial results for Q1 2015 ended March 31st.   Revenues recorded for the quarter stood at AED 1.11 billion driven by operations in the KSA and UAE markets each contributing 41% and 25% of the cumulative topline achieved in Q1 2015 respectively. Earnings per Share (EPS) stood at AED 0.011 and Net profit reached AED 27.8 million.   DSI started the year with a positive momentum at its home market the UAE and managed to secure AED 378 million worth of new Engineering and General Contracting contracts in Q1 2015 across the Hospitality and Commercial ......read more

Group Management changes further sharpen GAC's business focus…

Dubai, 5 May 2015 – Global shipping, logistics and marine services company, GAC, is further strengthening its strategic focus on the worldwide energy sector with the appointment of William Hill as its Executive Group Vice President – Oil & Gas. Group President Bengt Ekstrand says bringing a specific senior management focus on Oil & Gas is a clear signal of GAC’s intent. "Our aim is to be more strategic, more active and more successful in this sector.”   “Over the decades, GAC has built up a broad suite of assets and skills in Oil & Gas,” he adds. “With Hill's appointment, we will expand our footprint and impact as a global provider to this dynamic and demanding industry.” Hill joined the GAC Group in 1984 and held marketing and business development roles in ......read more

Manz CIGS Modules Reach Record Efficiency of 16%; Thin-Film Technology Best Placed to Secure UAE's Solar Target…

High-tech equipment manufacturer achieves new, record efficiency for its CIGS modules on mass production line in Schwäbisch Hall Impressive transfer of the 21.7% world record for laboratory cells of technology partner ZSW Stuttgart to mass production CEO Dieter Manz: 16% record efficiency in module format is an important milestone, but immense potential of CIGS technology not nearly exhausted Dubai, May 04, 2015. With a module efficiency of 16%, Manz AG presented an impressive new record efficiency grade for CIGS thin-film solar modules at SNEC in Shanghai, the world's leading trade fair for the photovoltaics (PV) industry. In doing so, Manz is pushing forward into a new dimension and closing the efficiency gap that has previously existed when compared to multi-crystalline technology that is still prevalent today. ......read more

Kuwait is well placed to withstand lower oil prices…

Doha, 19 March 2015: QNB Group has published its Kuwait Economic Insight 2015. The report examines recent developments and the outlook for Kuwait’s economy. Kuwait is well placed to withstand lower international oil prices with strong macroeconomic fundamentals and the lowest breakeven oil prices amongst the GCC countries. According to the report, Real GDP is projected to slow in 2015 (1.0%) as the government cuts subsidies before recovering in  2016 (1.8%) and 2017 (3.3%) as major development projects get underway.  In the hydrocarbon sector, the government plans to invest USD100bn in 2015-19 on boosting production, upgrading refineries, petrochemicals and transportation—the Burgan oil project, among others, should accelerate oil production growth starting in 2017.  Non-hydrocarbons are expected ......read more

Schneider Electric Expands Its Juno Lighting Group Brand into Middle East Markets…

Juno Lighting Group joins Schneider Electric’s significant market presence in the Middle East; the company’s innovative luminaires will be distributed by Lumasense Dubai, UAE– 23 November 2014 – Schneider Electric, a global specialist in energy management with operations in more than 100 countries, today announced that it has expanded distribution of its market-leading lighting brand, Juno Lighting Group by Schneider Electric, into the Middle East. The distribution of Juno Lighting Group’s innovative, award-winning luminaires will address key project opportunities in healthcare, hospitality, commercial, multi-unit and industrial property development as well as sports and entertainment venues.      Headquartered in North America, Juno Lighting Group is a leading manufacturer of ......read more

Middle East Oil and Gas Industry Urged to Focus on HSE Issues at ADIPEC 2014 …

Aligning Cultures, Communication and Competence Key Issue in Post “Easy Oil Era” Panel Tells Delegates Abu Dhabi, UAE – 13 November 2014 – The regional oil and gas industry needs to place Health, Safety and Environment (HSE) issues at the centre of planning during the post “easy oil” era, a distinguished panel of international experts and industry thought leaders announced at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2014 today. With 86.5 per cent of workers in the region last year being imported, according to recruiter Hays, key challenges that organisations’ are dealing with include the lack of experienced manpower along with the difficulty of recruiting and developing competent personnel with a strong commitment towards HSE. Under the theme of ......read more

UAE and Saudi Arabia Score High in GCC Renewable Energy Readiness Index…

Assessment Report Calls for Clear Policy and Legal Framework in GCC Region to Ensure Sustainable Deployment of Renewable Energy Projects Abu Dhabi-UAE: 25 July, 2013 – Clear policy and legal framework with a consistent strategy will ensure sustainable deployment of the renewable energy projects across the GCC region, according to a GCC-wide study that was released today. Titled ‘Renewable Energy Readiness Assessment Report: The GCC Countries 2011-2012', the report (2013-The EU-GCC-Report) suggests that initiatives undertaken so far in the GCC represent a proactive approach to addressing energy security and environmental issues at international, regional and national scales. It reveals that most countries have not yet officially set their RE development targets and are yet to implement stable policies. The GCC has ......read more

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Kuwait to Tackle Climate Change with National GHG Inventory System…

The comprehensive National Inventory System will monitor critical data on climate change to help implement effective mitigation strategies Dubai, United Arab Emirates: After the successful delivery of UAE GHG Inventory for three consecutive years, Dubai Carbon is now cooperating with the UN Environment (UNEP) to develop a National Inventory System (NIS) for GHG Emissions in the state of ......read more

Dehumidifiers by Trotec, Germany being distributed in UAE, Oman, Qatar, Bahrain & Kuwait by Vacker ...…

Trotec Group Germany has entered into an agreement with Vacker Group Dubai for distributing their dehumidifiers and other products in United Arab Emirate and other Middle East countries. 9 May 2015 – Vacker Dubai is excited to announce that they are now supplying international quality dehumidifiers in all of UAE, Oman, Qatar, Bahrain and Kuwait. Vacker Dubai is a distributor of The ......read more

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