Author: Arabian Media staff
Image: Supplied GE Vernova has completed the first outage on its HA gas turbine technology in the Middle East and South Asia at two power plants in Pakistan. The company’s engineers carried out the work at the Haveli Bahadur Shah and Balloki plants, operated by National Power Parks Management Company (NPPMCL). The Bhikki plant is expected to undergo inspection in 2026. “Like cars, the average gas turbine needs periodic inspections to maintain its performance,” said NPPMCL chief executive Akram Kamal. “This project, executed by GE Vernova in record time, enabled us to continue to deliver electricity reliably, while significantly enhancing…
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Rodrigue Nacouzi, CEO of Transcorp International/Image: Supplied Global trade faces unprecedented pressures, from chokepoints in the Red Sea to shifting economic alliances; regional logistics players are being forced to adapt at speed. Rodrigue Nacouzi, CEO of Transcorp International, believes resilience, sustainability, and technology adoption will define the sector’s next decade. Speaking exclusively with Gulf Business, Nacouzi outlined how Transcorp is navigating vulnerabilities in critical trade routes, leveraging AI-powered forecasting to improve efficiency, and responding to the UAE–India Comprehensive Economic Partnership Agreement (CEPA). He also shared his insights on what it will take for logistics players across the GCC to future-proof…
Image: ADQ ADQ, the UAE-based sovereign investor focused on critical infrastructure and global supply chains, and Azerbaijan Investment Holding (AIH) have signed a memorandum of understanding (MoU) to explore collaboration aimed at advancing shared development objectives. Under the agreement, the two entities will examine opportunities in the financial services sector, focusing on initiatives that enhance market connectivity and strengthen the investment ecosystem to support sustainable growth. The partnership builds on a joint investment platform launched in December 2023, where ADQ and AIH committed equal capital to projects in agriculture, technology, pharmaceuticals, and energy infrastructure across Azerbaijan, the UAE, and Central…
Image: Dar Global Dar Global, the London-listed luxury real estate developer, said on Monday it had acquired a 28,800-square-metre plot in Jeddah as part of its plans to develop a branded mixed-use project. The development will include premium residences, serviced apartments, retail space, and offices, positioning the scheme as a key addition to the city’s ongoing urban transformation. The project aligns with Saudi Arabia’s Vision 2030, aiming to enhance Jeddah’s appeal for investment, business, and modern living through internationally benchmarked design and architecture. Project reflects Dar Global’s commitment to the kingdom’s development Ziad El Chaar, CEO of Dar Global, said:…
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Image: RTA/ Dubai Media Office Dubai’s Roads and Transport Authority (RTA) has announced plans to install several battery-swapping stations for electric bikes across strategic locations in the emirate, in a move aimed at promoting sustainable transport and reducing emissions. The initiative will be developed in collaboration with Terra Tech, a MENA-based B2B micro-mobility technology start-up specialising in battery-swapping infrastructure. It marks the first project of its kind in the region to support zero-emission delivery fleets. The partnership includes the creation of an integrated system tailored to the delivery sector, designed to meet operators’ charging requirements while helping reduce the total…
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