Philips sustainable revenues hit $5.8bn in 2016
Revenue from sustainable products, systems, and services forms 78% of Philips Lighting's total sales in 2016, it has been revealed. The...
MENA rail supply market to post 3% AGR up to 2021
The MENA region's rail equipment market is expected to record an annual growth rate (AGR) of 3% in the next four years. The 6th edition...
UAE: Ajman to construct $1.6m bus station
The government of Ajman has announced that it will be constructing a bus station worth $1.6m (AED6m) on the emirate’s Mohammed bin Zayed...
Amec Foster Wheeler wins FEED contract in Kuwait
Amec Foster Wheeler has been awarded a contract by Petrochemical Industries Company (PIC), a subsidiary of the Kuwait Petroleum Company...
Atlas Copco division will not impact Gulf business
Atlas Copco’s activities should not be affected by the announcement of both plans to split into two listed companies, one for industry...
Dubai Silicon Oasis logs 27.7% growth in 2016
Dubai Silicon Oasis Authority (DSOA) logged a net profit of $63.9m (AED 234.7m) in 2016, signifying a 27.7% increase over 2015 figures....
Unipart Rail and ARC to form JV in Saudi Arabia
Unipart Rail and Arabian Railway Company (ARC) have signed a memorandum of understanding (MoU) to form a joint venture company to deliver...
Hyperloop design firm launches new department
Dubai to Abu Dhabi Hyperloop designer Bjarke Ingels' firm BIG has launched an in-house engineering department to work on technically...
KIZAD hosts UAE’s first banknote printing facility
Vice President and Prime Minister of the UAE and Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, on Saturday, presided over the...
RTA plans to test driverless buses in Dubai
RTA plans to test driverless buses in the 'near future' [representational image]. Dubai’s Roads and Transport Authority (RTA) is working...