Saturday 4 February 2023

Adnoc signs $4.63bn deals to boost manufacturing sector

Abu Dhabi National Oil Company (Adnoc) has announced that it has signed agreements with 23 UAE and international companies in bid to boost local manufacturing opportunities across a wide range of critical industrial products worth AED17 billion ($4.63 billion).  


AquaChemie opens $50m petchem terminal in Jebel Ali Port

AquaChemie Middle East, a leading regional player for process industry chemicals in the GCC region, has opened its AED184 million ($50 million) world-class Petrochemical Terminal in DP World’s Jebel Ali Port in Dubai.    The advanced terminal, targeti


Saudi Dussur-Korean JV breaks ground on $240m steel plant

SeAH GSI, a joint venture between the Saudi Arabian Industrial Investments Company (Dussur) and the leading Korean steel manufacturer - SeAH CSS, has broken ground on its first of its kind stainless-steel seamless pipes and tubes production facility in Saudi Arabia.  


Borouge reports $1.4bn profit for 2022

Borouge, a UAE based leading petrochemical company, today reported a net profit of $1.4 billion for the 12 months ended December 31, 2022, in line with market expectations despite an overall challenging market environment.    Adjusted EBITDA for the full-ye


Acwa Power hits record production in 2022 with new RO projects

Acwa Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, said it has added 2.4 million cu m/day of water desalination capacity across four reverse osmosis megaprojects in 2022, the largest in a calendar year in


Air Products is platinum sponsor at iktva 2023 Forum

Air Products (APD) a leader in industrial gases and hydrogen megaprojects, is a platinum sponsor of this year's iktva Forum and Exhibition, taking place between 30th January and 2nd February at the Dhahran Expo Center, Kingdom of Saudi Arabia.   The event is


EPC leader NMDC’s net profit grows 30pc to $350m in 2022

National Marine Dredging Group (NMDC), a world-leading EPC and marine dredging group with over $15 billion of projects under execution, has grown its net profit by 30% in 2022 to reach AED1.3 billion ($350 million). This is compared to the net profit of AED1 billion reported


Neom Green Hydrogen Company gets Saudi operating licence

Neom Green Hydrogen Company (NGHC) - a joint venture between Saudi futuristic city Neom, global utility project developer Acwa Power and industrial gases leader Air Products - said it has secured the industrial operating licence from the Saudi Ministry of Industry and Mineral Resources.


Enoc signs MoU with Tanzania to develop storage facility

Enoc Group, a leading integrated global energy player, and Tanzania’s Ministry of Energy (MoE) signed a Memorandum of Understanding (MoU) to develop a national import gateway storage facility for oil and gas products to serve the country as well as the Eastern and Central Africa region.


Blackline Safety to bring proactive safety management to EGYPS

Blackline Safety (BLN), a global leader in connected safety technology, announced it will be exhibiting at the 2023 EGYPS exhibition, where it will showcase its suite of ground-breaking connected safety devices.   The event is taking place at the Egypt Internati

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