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ADIPEC expects more business for offshore, marine services

Abu Dhabi / Emirates Business The Offshore and Marine industry is expected to see increased business at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), with analysts predicting modest increases in spending for maintenance and production in the oil sector, and significant investment expected for new offshore natural gas projects in the Eastern Mediterranean. Analysis by consultancy Douglas-Westwood ...

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Krypto Labs to launch unique incubator concept in Masdar City

Abu Dhabi / Emirates Business Krypto Labs, a world-class ecosystem for groundbreaking start-ups, will officially inaugurate its custom-built all-in-one incubator, accelerator and co-working space in the heart of Masdar City, Abu Dhabi, helping bridge the gap between innovators and investors. The new 2,600 square-metre facility comprises state-of-the-art resources including an advanced computing and 3D printing lab, technical workshop, audio-visual studio, ...

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Saudi firms turn to solar to blunt rising power price risk

Bloomberg Saudi companies are looking to solar electricity to hedge the risk of rising power prices if energy subsidies are cut, according to one of the Kingdom’s biggest plant developers. “Everybody is very convinced that electricity prices are going to be reformed over the next three years,’’ ACWA Power International Chief Executive Officer Paddy Padmanathan said in an interview in ...

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