The digital solutions will operate in the cloud, powered by Predix, GE?s operating system for the Industrial Internet
Source: New feed
Month: February 2017
Wilo lays foundation stone at new complex in JAFZA
Construction work on the 8,000m2 Wilo in JAFZA complex is scheduled for completion in early 2018
Source: New feed
Qatar: $11bn worth of transport projects on track
With $11bn (QR42bn) allocated in its 2017 budget, transport projects in Qatar represent 21.2% of the total budget for the year
Source: New feed
Oman: OSCO, SPML start work on $39.5m mall project
A joint venture between Oman Shapoorji and Shapoorji Pallonji Mideast has broken ground on Majid Al Futtaim Properties? $39.5m My City Centre Sur mall project
Source: New feed
ALEC to build $12m data hub at Dubai Int’l Airport
ALEC has been awarded the contract to build a $12m modular data centre complex at Dubai International Airport
Source: New feed
Arabtec reports Q4 loss as shares plummet
the company?s board is currently seeking shareholder approval for a AED1.5bn ($408.4m) rights issue to recapitalise the company, Reuters reports
Source: New feed
Eshraq Properties reports net loss for 2016
Eshraq posted a net loss of $156m (AED575m) for 2016 compared with a net profit of $435,611 (AED1.6m) a year earlier
Source: New feed
Daimler to elect Kuwait wealth chief to its board
Leading commercial vehicle manufacturer Daimler nominates Bader Mohammad Al Saad, MD of the Kuwait Investment Authority, for a position on its supervisory board
Source: New feed
Belhasa Intl nabs construction contract from DSP
Phase 2 of Dubai Science Park will house offices, showrooms, laboratories, function areas, and logistics centres, all in one space
Source: New feed
UAE: Arabtec working with boutique investment bank
Arabtec has enlisted the assistance of boutique investment bank, Moelis, to study options for its capital structure, anonymous sources have told Reuters
Source: New feed