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Dubai / WAM Grandweld Shipyards, the UAE-based shipbuilding, ship repair, and engineering solutions specialists, has successfully completed the construction and delivery of ten boats for one of Kuwait Petroleum Corporation’s (KPC), subsidiaries, Kuwait Oil Company (KOC). As per terms agreed upon in a May 2017 signed contract, Grandweld constructed a grand total of six pilot boats and four crew transport boats ...

Dubai / WAM Further cementing its position as a future hub for global innovation when its doors open on 20th October 2020, Expo 2020 Dubai will host a series of 10 medical conferences and specialised events at the co-located Dubai Exhibition Centre, DEC, in a move that looks to foster cutting-edge healthcare innovations and grow the UAE’s knowledge-based economy. The ...

Bloomberg Cox & Kings Ltd, the Indian travel company, is exploring a potential sale of European hospitality chain Meininger Hotels as it seeks to cut debt, according to people with knowledge of the matter. The company is working with Lazard Ltd to gauge interest from potential suitors for Berlin-based Meininger, said the people, who asked not to be identified because ...

Bloomberg An army of drones deployed to fight a crop-devouring pest in a southern area of China has recorded a mortality rate of as high as 98 percent, according to the manufacturer. XAG, a Guangzhou-based drone maker, teamed up with Germany’s Bayer Crop Science in a drone swarm operation to kill the fall armyworm in China’s Guangxi region. The autonomous ...

Bloomberg Manufacturing across vast parts of Europe and Asia remain deeply mired in a crisis that took another turn for the worse over the weekend. One day after the US and China enacted new tariffs on each other’s imports, factories from Germany and Italy to Japan, South Korea and Taiwan sent a gloomy reminder that they are suffering badly from ...

Bloomberg China Merchants Group is in talks to invest in port assets owned by French shipping company CMA CGM as the state-owned firm seeks to diversify geographically and boost capacity, people familiar with the matter said. China Merchants is considering spending at least several hundred million US dollars on the potential transaction, according to the people, who asked not to ...

Bloomberg Singapore needs to remain open to skilled foreign workers, especially in the technology sector, in order to ensure the economy stays a globally competitive one, the nation’s trade minister said. The city-state can’t afford to take an “inward-looking, protectionist approach” like some countries that have put up barriers to protect local industries and workers, Minister for Trade & Industry ...

Bloomberg Hurricane Dorian, tied as the most powerful storm to hit land anywhere in the Atlantic, battered the Bahamas inflicting colossal damage to property and infrastructure across the chain of islands. The hurricane was packing winds with maximum sustained speeds of 165 mile-per-hour and a storm surge that could top 23 feet, potentially leaving the islands devastated for years. The ...

Bloomberg The UK’s manufacturing slump unexpectedly deepened in August as mounting Brexit uncertainty and weaker global growth pushed a gauge of the sector to its lowest level in seven years. The continued contraction was driven by a drop in new orders, while optimism among firms fell to a record low, IHS Markit said on Monday. Meanwhile, exports were hurt by ...

Bloomberg EQT Partners, the largest buyout firm in the Nordic region, is planning a Stockholm listing this year in what could be the biggest European initial public offering for a private equity firm in two decades. The planned IPO is expected to encompass 20 percent of the total number of shares in EQT, which will include at least $550 million ...