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Fajr
04:47
Saturday
21
September 2019

Fajr
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04:47
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Markets

2,819.69 -0.14%
Volume
310,667,500
Turnover
-0.14%
Trades
3,580
9
Up
3
Flat
22
Down
Traded stocks 34
5,124.72 -0.61%
Volume
111,231,083
Turnover
-0.61%
Trades
2,475
6
Up
7
Flat
15
Down
Traded stocks 28
Most active
ADSB
2.05
Gulf Cement
0.74
RAKBANK
4.69
Al Salam
0.45
AXA Green Crescent
0.41
Wahat Al Zaweya
2.43
Al Madina
0.2
ADNIC
2.8
FAB
15.26
Emaar
4.85
ADNOC Distribution
2.62
Emirates NBD
13.1
GFH
0.89
ADNOC Distribution
2.62
Deyaar
0.32
Emaar
4.85

Arabian Industry


Indian minister calls for direct route from Dubai to Bhubaneswar

An Indian government minister has called for the introducing of direct flights between Dubai and the city of Bhubaneswar, in order to improve the travel opportunities for the around 15,000 Indian expats who live in the United Arab Emirates and are originally from this region of eastern India.Dharmendra Pradhan, India’s Minister for Petroleum and Natural Gas, on Wednesday wrote an official letter to his ministerial counterpart at the Ministry of Civil Aviation requesting the direct route be established, according to a report by Indo-Asian News Service (IANS).Bhubaneswar is the capital and largest city of the East Indian state of Odisha.“Keeping...

Kaspersky helps eliminate severe bugs in popular automated industrial system software

Kaspersky ICS CERT researchers have discovered several vulnerabilities in a popular framework used for developing industrial devices such as programmable logic controllers (PLC) and Human-Machine Interface (HMI). These devices are at the heart of almost any automated industrial facility – from critical infrastructure to production processes. The uncovered vulnerabilities potentially allowed an attacker to conduct covert destructive remote and local attacks on the organization where PLCs developed through this vulnerable framework are used. The framework was developed by CODESYS® and the vulnerabilities were fixed by the vendor following a report from Kaspersky.PLCs are devices that automate processes that previously had...

Qatar Airways posts record losses of 2.3bn Qatari riyal ($632 million)

Qatar Airways reported record losses for the fiscal year endng March 31, blaming higher fuel costs and currency volatility, amid an ongoing boycott by Arab countries restricting its flights.The state-owned carrier widened its net loss to 2.3 billion Qatari riyals (Dh2.32bn), compared to 252.5 million Qatari riyals a year earlier, Qatar Airways said in a statement on Wednesday. The nearly ten-fold rise in annual losses outpaced the 14 per cent increase in full-year revenues of 48 billion riyals.The Doha-based carrier faced a "challenging year" and the "disappointing" financial results are attributable to "the loss of mature routes, higher fuel costs...

SNC-Lavalin Awarded Oil and Gas Contract from Al Yasat Petroleum

SNC-Lavalin announces that it has been awarded a general engineering, project management and technical support services contract from Al Yasat Petroleum, a joint venture between Abu Dhabi National Oil Company (ADNOC) and China National Petroleum Corporation (CNPC), with an estimated value of approximately $52 million CAD. Under the three-year agreement, extendable for two years, SNC-Lavalin will partner with Al Yasat Petroleum extending the engineering and project support arm, in line with the Al Yasat Smart Growth Operating Model. The scope of work includes conceptual studies and design, front end engineering and design (FEED), execution planning, detailed engineering for small works...

UAE and French nuclear energy companies discuss partnerships

More than 20 French and 12 Emirati companies attended the first E-Fusion Initiative to discuss potential partnerships and new business opportunities.The side event took place in Abu Dhabi on the sidelines of the 24th World Energy Congress (WEC), currently running in Abu Dhabi.The E-Fusion Initiative aims at bringing together the French nuclear supply chain and Emirati companies around projects for the UAE Peaceful Nuclear Energy Programe. The initiative is co-headed by the Emirates Nuclear Energy Corporation (ENEC) and the French Nuclear Industry Association (GIFEN).Mohamed Al Hammadi, Chief Executive Officer of ENEC welcomed the French participants led by Ludovic Pouille, Ambassador...

Why switching to renewables is proving a slow burn

The biggest player in oil is embarking on its own transition to cleaner sources of energy.As part of Saudi Arabia's 2030 Vision plan to diversify its economy, the kingdom is aiming to have around 30% of its energy generated by renewable sources just over a decade from now -- up from less than 5% today -- with a heavy emphasis on solar power."The lowest-cost oil producer in the world has now recognized that compelling proposition of renewables," said Paddy Padmanathan, CEO of Saudi-based ACWA Power, a developer and operator of power plants in the Middle East and North Africa.Padmanathan said...

Simulator training success on Ocean GreatWhite rig

Simulator training success on Ocean GreatWhite to be rolled out across other projectsSimulator training to prepare crews for the specific drilling conditions at Blackrock off Shetland has proved so successful it is being rolled out across other projects.Siccar Point Energy commissioned the mobile ‘On-the-rig’ (OTR) drilling simulator, which is designed and manufactured by advanced simulator developer, Drilling Systems, to train Diamond Offshore’s crew in advance of the challenging Blackrock drilling campaign earlier this year.Feedback following the campaign has shown the simulator to be ‘an asset to the project’s success’ helping to maximise uptime and develop crew skills and confidence during...

Aviation experts expected to criticise US FAA over Boeing 737 Max approval

A panel of global civil aviation authorities is expected to criticize the US Federal Aviation Administration's approval of Boeing's 737 Max, which has been grounded for six months following two crashes, a source familiar with the matter said Monday.The panel, known as the Joint Authorities Technical Review (JATR), was set up last April by the FAA amid criticism of the FAA'S close ties to Boeing.The FAA was the last global aviation authority to ground the 737 Max after one of the aircraft crashed in Ethiopia in March, leaving 157 dead, a few months after another went down in Indonesia, killing...

British Airways to open new cabin crew base for Indian flights

British Airways will open another cabin crew base in the south Indian city of Hyderabad to offer tailored services for its Indian customers flying to London, the airline said on Tuesday.All flights to and from India have at least two Indian crew members on board who work alongside British Airways' London-based crew.“Customers will now benefit from the best of British service and expertise, with the assurance that there will be Telegu speaking crew members on every flight serving the Hyderabad-London route,” the airline said.British Airways operates Boeing 787-8 offering customers a choice of three cabins on its flights from Hyderabad...

Revealed: Top 30 Oilfield Services Companies of 2019

We are excited to present the third edition of our Top 30 Oilfield Services Companies. This segment of the upstream oil and gas market has been particularly hard-hit by fluctuating oil prices, but as a result, we have seen a flood of innovative technologies and services from the top tier in the market, as they pivot to find their place in a changing energy landscape.As national oil companies let loose the purse strings ever so slightly, oilfield services companies are basking in the glow of long-term projects which require continuous work, new technologies, and specialist services. They have answered the...

Harris Pye undertakes strategic transformation

After being acquired in 2017 by the Joulon, Harris Pye is optimizing its operations and economic contributions to the regionJoulon, the global company offering lifecycle asset management (LCAM) services to asset owners and operators in the broader energy industry, has announced a bold and radical strategy to reposition the global business of Harris Pye.Abhishek Kumar, Chairman of Harris Pye and Vice Chairman and CEO of Joulon explained, “Joulon has identified an opportunity for Joulon-Harris Pye to more efficiently capitalize on the success of completed projects executed globally.By implementing a step change process over the coming weeks, both existing and new...

Emirates hosts a volley of stars at the 2019 US Open

Emirates hosted a bevy of A-listers at the 2019 US Open, held at The USTA Billie Jean King National Tennis Center in Flushing Meadows, Queens in New York City.Global celebrities joined Emirates in the private hospitality suite and cheered on their favourite tennis players from the suite’s terrace with a prime centre-court vantage point in Arthur Ashe Stadium.Oscar-winning director Spike Lee and Oscar-winning actor Jennifer Connelly, popular actors Paul Bettany, Michael Shannon, Jameela Jamil, Mehwish Hayat and Gladys Knight, Patriot Act’s Hassan Minhaj and celebrities Nick and Joe Jonas all dropped in at the Emirates suite.Emirates also hosted fashion models...