AUTO

15 Aug 2018

CTS Engines Inducts First PW2000 Engine

CTS Engines, the global leader for mature engine maintenance within the Aerospace & Defense industry, announced today that it had inducted the first PW2000 engine into its engine overhaul facility in Ft. Lauderdale, FL. Along with the CF6-80C2, CF6-80A, and CF6-50C2, the PW2000 represents"...

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14 Aug 2018

Middle East's Careem to Test Bus Service in Egypt

Careem Networks FZ, the Middle Eastern ride-hailing provider, is testing a bus-booking service ahead of a possible roll-out out across all 14 countries it operates in. Careem Bus -- a division aimed at attracting low-income earners -- will initially go live in at least four Egyptian cities, and is expected to be rolled out in September, according to people familiar with the business who asked to remain anonymous since plans aren’t public yet. A Careem spokeswoman didn’t immediately respond to a request for comment. The people......

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09 Aug 2018

Uber, Nacita launch first Rent-to-Own vehicle programme in Egypt

Uber and Nacita AutoCare announced on Wednesday the launch of the first “Rent-to-Own” vehicle solutions programme in the Middle East and Africa in partnership with the Egyptian Ministry of Investment and International Cooperation.

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09 Aug 2018

Sumitomo SHI FW Wins Contract for CFB Boiler Island in South Korea

Sumitomo SHI FW (SFW) announced today that it has been awarded a contract by Hyundai Engineering & Construction Co. (HDEC) for design and supply of the Daesan Biomass Power Plant boiler island. Commercial operation of the new biomass CFB power plant is scheduled for the end of 2020. SFW will design and supply the 109 MWe CFB steam generator and auxiliary equipment for the boiler island. The CFB boiler will be designed to burn wood pellets, while meeting applicable environmental regulatory requirements. SFW has supplied over 30 CFB steam generators in South Korea. This is SFW’s third CFB boiler unit in South Korea firing biomass as......

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08 Aug 2018

Belarus' Motovelo Plant considers prospects of advancing to Egypt's market

Minsk Motorcycle and Bicycle Plant (Motovelo trademark) is studying the opportunities of entering the market of Egypt. The corresponding issues were discussed at a meeting between representatives of the Belarusian embassy in Egypt and Director General of Motovelo Plant Nikolai Ladutko,"...

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08 Aug 2018

Yamaha Motor Earnings Continue to Rise in Second Quarter

Yamaha Motor Co., Ltd. (TOKYO:7272)(ISIN:JP3942800008) announced today that in the first half of its fiscal year ending December 31, 2018, consolidated net sales of 851.3 billion yen were up 2.8% from the previous year. The company achieved all-time highs in operating income of 82.2 billion yen (up 0.1%), however saw a 5% decrease in ordinary income to 79.3 billion yen and 6.3% decrease in net income for the period attributable to parent company shareholders to 57.0 billion yen. Net sales increased thanks to healthy results in the emerging markets motorcycle business, the marine business, and the industrial machinery and robots business. Operating......

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07 Aug 2018

Egypt’s Competition Authority requests data on Uber-Careem’s potential merger

The Egyptian Competition Authority are working on a full-fledged report on the potential impact of huge merger deal between Uber and Careem in the Middle East on the passenger market in Egypt, and is requesting data from the two companies regarding the deal.

According"...

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07 Aug 2018

Bentley Systems Announces Finalists in the Year in Infrastructure 2018 Awards Program

Bentley Systems, Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, today announced the finalists in the Year in Infrastructure 2018 Awards program. The annual awards program honors the extraordinary work of Bentley users advancing"...

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02 Aug 2018

Uber in partnership with AXA Egypt to include drivers across Egypt

Uber has today announced it will provide all drivers with an insurance product, Injury Protection’ across Egypt in partnership with AXA Egypt, one of the world’s most trusted insurers. Key to the product is the ability for drivers to be protected from the financial cost of injury,"...

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31 Jul 2018

Quanergy Achieves IATF 16949 Automotive Production Certification

Quanergy Systems, Inc., a global leader in the design and development of solid state LiDAR sensors and smart sensing solutions, today announced that the production line for its solid state LiDAR sensors has achieved IATF 16949 certification.

The"...

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