Indian pharma company Biocon Limited has forged a partnership with Tabuk Pharmaceutical Manufacturing Company to commercialize certain specialty generic medicines in the Middle East. Tabuk Pharmaceutical is a wholly-owned subsidiary of Astra Industrial Group, a pharma company in the Middle East and North Africa (MENA) region. As per the agreement terms, Tabuk Pharmaceuticals will have […]
Oil and Natural Gas Corporation (ONGC) has awarded a three-year contract to Shelf Drilling for deploying its Ron Tappmeyer jack-up rig to execute offshore operations in India. Presently, the Ron Tappmeyer rig is under contract with ONGC with a completion date fixed in the second quarter of 2022. According to Shelf Drilling, the start-up of […]
Aban Offshore Limited, a Chennai-based offshore drilling services provider, said that its board has approved the sale of the Deep Driller 3 jack-up rig by its step down subsidiary Deep Drilling 3 Pte Ltd to Abu Dhabi-based ADNOC Drilling Company. The consideration for the sale is INR 233.27 crores. Built in the year 2006, the […]
Emirates Central Cooling Systems Corporation (Empower), a joint venture of Dubai Electricity and Water Authority (DEWA) and TECOM Group, has acquired the district cooling systems of Dubai International Airport for AED 1.1 billion ($299.5 million). The total cooling capacity of the airport’s district cooling systems is 110,000 refrigeration tons (RT), which covers the equivalent of […]
Hero MotoCorp Ltd. Has inaugurated its flagship dealership in Dubai at the new exclusive showroom in the Al Gazal Mall on 2nd December Street, Jumeirah 1. The workshop of the dealership, which offers sales, service, and spares is located at Al Quoz Industrial Area III in Dubai. The Hero MotoCorp showroom in Dubai, which spans […]
Kajaria Ceramics Limited, an Indian ceramic wall and floor tile manufacturing company, will incorporate a fully-owned subsidiary in the UAE. The company’s board of directors has sanctioned investments up to INR 5 crores by way of opening office(s) in the country. The proposed subsidiary company could market the tiles/sanitaryware/faucet/plywood/laminates in the UAE and/or may also […]
Al Dahana, a Middle East automotive retailer, announced that a court in Dubai has ordered Nissan Motor and Nissan Middle East to pay it compensation of over AED 1.3 billion ($354 million). Al Dahana, as per a suit filed by it in July 2019, sought to recover compensation for the damages incurred as a result […]
Reliance Industries Limited said that it has established a new fully-owned subsidiary called Reliance International Limited (RINL) in Abu Dhabi, UAE. According to the Indian conglomerate, Reliance International Limited will carry out activities pertaining to trading crude oil, petroleum products, petrochemicals, as well as agricultural commodities. The Abu Dhabi subsidiary of Reliance Industries Limited is […]
Masafi is partnering with American drinking water company SOURCE Global, PBC for launching SOURCE, a renewable, sustainable bottled water product in the UAE. The UAE-based bottled water company also has plans to launch SOURCE shortly across the Gulf Coast region. SOURCE is claimed to contain water that is sourced from the sky by converting pure […]
Bottled water company Mai Dubai has launched what is claimed to be the fastest bottled water production line in the Asia, Oceania, and Africa (AOA) region with a capacity of up to 86,000 bottles per hour. The fully-owned subsidiary of Dubai Electricity and Water Authority (DEWA) completed the installation of the bottled water production line […]