SHARJAH/WAM Technomak, a turn-key EPC company specializing in the fields of oil and gas, FPSO, and renewable energy, has announced a significant expansion plan in the Hamriyah Free Zone, Sharjah. In response to increasing global demand for its products, Technomak will add 500,000 square feet to build a new factory, increasing the total area of its facilities in the free ...

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said that, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE is committed to excelling in various sectors and enhancing its role as a key partner in creating a better future for humanity. The UAE is also ...

ABU DHABI / GULF TIME The Abu Dhabi Housing Authority (ADHA) has announced the adoption of digital twin technology to showcase its housing projects. This initiative focuses on 3D real-time visualization of housing options. Additionally, through collaboration with NNTC, a leading company in digital twin technologies in the UAE, the Authority offers an integrated virtual experience where individuals can explore ...

BANGKOK / WAM In the latest bout of sell-offs that are shaking world markets as investors fret over the state of the US economy, Japan’s benchmark Nikkei 225 stock index plunged 12.4 percent on Monday. The Nikkei closed down 4,451.28 points at 31,458.42. The market’s broader TOPIX index fell 12.8 percent as selling picked up in the afternoon, the Associated ...

ABU DHABI/WAM Emirates Global Aluminium (EGA) today announced the world’s first bauxite cargo shipment using a Liquefied Natural Gas-fuelled (LNG) vessel. The shipment, in a Capesize ship, carries bauxite mined by EGA subsidiary Guinea Alumina Corporation to a customer in China. LNG-fuelled ships can achieve up to 28 percent lower greenhouse gas emissions on a tank-to-wake basis compared to vessels ...

ABU DHABI/WAM ADNOC Drilling Company and Alpha Dhabi Holding announced today that their joint venture Enersol (JV) has agreed to acquire a 100% equity stake in EV Holdings Ltd. (EV) for approximately $45 million from UK-based private equity firm, Dunedin. Completion of the transaction is subject to obtaining the necessary regulatory approvals and closing adjustments, after which the EV stake ...

ABU DHABI/WAM ADNOC Drilling Company on Monday announced record financial results for the second quarter and first half of 2024. The company’s net profit for the quarter also grew, up 29% year-on-year and 7% sequentially to $295 million, driven by the increase in EBITDA, while for the first half the figure stood at $570 million, up 28% year-on-year. The revenue ...

DUBAI/WAM Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the Gulf Cooperation Council (GCC) market remained the top global export and re-export destination for its member companies during the first half of 2024. The GCC region accounted for 53.9% of total exports and re-exports with a combined value of ...

DHAKA/WAM Bangladesh Prime Minister Sheikh Hasina resigned on Monday and fled the country, Reuters quoted multiple sources as saying. Army chief General Waker-Us-Zaman said in a televised address that Hasina 76, had left the country and that an interim government would be formed. Student activists had called for a march to the capital Dhaka on Monday in defiance of a ...

KHAN YOUNIS/WAM The Operation Chivalrous Knight 3 follows the progress of repairing damaged water networks to re-operate main water wells, reservoirs, and destroyed pipelines. The imitative enables Khan Younis Municipality to provide humanitarian services to residents and displaced families in the city, alleviating their struggles to access water, and preventing health disasters. A specialised company is working on repairing the ...