Technology

UAE to witness 2.4 per cent economic growth in 2019: Central Bank

The pickup in non-oil activities is reflected in the rise in the Purchasing Managers Index, which reached an average of 58.2 in Q2 2019. (Image source: Central Bank of the UAE)

Real economic growth in the UAE exhibited year-on-year (Y-o-Y) growth of 2.2 per cent in the second quarter (Q2) of 2019, lower than in the previous quarter, said the Central Bank of the UAE estimating that the national economy is expected to grow 2.4 per cent during the year, driven by faster growth in the non-oil sector, according to a report.

Barakah One, KEPCO to explore new nuclear energy projects

The agreement expands on a previously signed Charter for Joint Business Cooperation between BOC and KEPCO. (Image source: ENEC)

Emirates Nuclear Energy Corporation (ENEC) subsidiary Barakah One Company (BOC) has signed a memorandum of understanding (MoU) with Korea Electric Power Corporation (KEPCO)

DEMILEC launches spray foam insulation products for Middle East market

Price Chopper Building. (Image source: Demilec)

Demilec, Inc, a subsidiary of Huntsman Corporation and one of North Americas leading manufacturers of open- and closed-cell spray polyurethane foam (SPF) insulation and coatings, has launched several spray foam insulation products for the Middle East market

Ansaldo Energia wins UAE power plant deal

The full-scope, turnkey service accord covers three Siemens SGT5-4000F turbines and related equipment. (Image source: Ansaldo Energia)

Italy?s Ansaldo Energia has won a 10-year structured service agreement in the UAE

Never been easier to begin digital transformation ? AVEVA CEO

Clive Hayman, CEO of AVEVA, at the AVEVA World Summit in Singapore.

The digitalisation of the industrial world is upon us ? and it is moving quickly, said Craig Hayman, CEO of AVEVA, at the AVEVA World Summit in Singapore