Here is a brief overview of the week?s news on Technical Review Middle East, from 27th August - 31st August 2017
Okada Aiyon Corp launch TOP205J hydraulic breaker
Okada Aiyon Corp, Japanese leading demolition attachment brand, has introduced a new hydraulic breaker, TOP205J, which weighing 1800kg and suitable for 18 to 26 ton of class carriers. TOP205J can be the solution in hard and tough rock breaking. Click here to read the full story.
District cooling market in the Middle East to exceed US$12bn by 2024: Global Market Insights
The district cooling market in the Middle East will exceed US$12bn by 2024, said the US-based Global Market Insights, noting that the increasing infrastructure development in the GCC countries and rising demand for cost-effective cooling systems are the main drivers for the growth of district cooling market. Click here to read the full story.
Macro appoints Emma Harvey in FM consultancy team in the Middle East
International facilities management (FM) company Macro has announced the appointment of Emma Harvey to its FM consultancy team in the Middle East and said that she will be based out of the company?s Dubai office. Click here to read the full story.
GE?s biogas technology to power three new landfill power production sites in Turkey
As Turkey looks to implement new energy targets under its economic development strategy, GE?s Distributed Power has announced that it is providing its Jenbacher biogas engine technology and myPlant asset performance management (APM) solution for three new landfill power production sites in Turkey owned by ITC-Ka Enerji Uretim Sanayi Ve Ticaret AS (ITC), the largest landfill gas power producer in the country. Click here to read the full story.
Bahri signs US$120mn deal with Hyundai to build four bulk carriers
Saudi Arabia?s Bahri Dry Bulk, transportation and logistics service provider, has signed a deal worth US$120mn to purchase four bulk carriers from Hyundai Mipo Dockyard, South Korea-based global shipbuilding company Hyundai Heavy Industries (HHI) group. Click here to read the full story.
UAE President issues Decree-Law on VAT
Shaikh Khalifa Bin Zayed Al Nahyan, the President of the UAE, has issued the Federal Decree-Law No 8 of 2017 for Value-Added Tax (VAT) at a standard rate of five per cent, which will be imposed on the import and supply of goods and services at each stage of production and distribution including what is deemed to be a supply. Click here to read the full story.
As VAT deadline approaches, Dubai sees rise in construction costs
A report by the Dubai Statistics Centre (DSC) has revealed an increase in the general record number for construction costs during the year 2016 to US$0.06 up from where it was in 2015. Click here to read the full story.
?GCC solar energy firms must be prepared for VAT?
Companies must prepare themselves for the ?massive changes? that the introduction of the VAT is bringing to the GCC region, warns Michael Vaughan, director of tax at Grant Thornton UAE. Click here to read the full story.
EMC and Liebherr partner to supply 200 mixer units in UAE
Emirates Motor Company (EMC) Daimler Commercial Vehicles and Liebherr will be supplying 200 units of Mercedes-Benz Actros trucks with mixers to help firms across the UAE deliver on their infrastructural commitments to the growing landscape. Click here to read the full story.
New Cat 462F2 expands backhoe loader line, provides value-added configurations
Offering a highly configurable design, the new Cat 426F2 backhoe loader with side shift frame provides customers with additional choices, allowing the selection of a more base-specification model or a highly configured machine to match budget and operating needs for the Middle East and Africa region. Click here to read the full story.
