The rollout of coronavirus vaccines should allow a return to relative normality in the Middle East in the second half of 2021, while much of the region’s economies will benefit from higher commodity prices and stronger external demand, according to a report Economic Update: Middle East Q1 2021, compiled by Oxford Economics and commissioned by ICAEW
Industry
Sandvik launches Sanicro 825, nickel-iron-chromium alloy in bar and hollow bar
Sandvik, developer and producer of advanced stainless steels, special alloys, titanium and other high-performance materials, has launched Sanicro 825, Sandvik’s first-ever nickel-iron-chromium alloy in bar and hollow bar, for improved performance in corrosive, high-temperature environments
Oilfields Supply Center to invest US$570mn in SPARK
Oilfields Supply Center Limited (OSC) has awarded a contract to Indias Larson & Toubro to design and built one of the worlds largest oil and gas supply bases in King Salman Energy Park (SPARK), Dammam, Kingdom of Saudi Arabia, with a total investment of US$570mn
Climate challenge is an “economic opportunity” - UAE minister
UAE Minister for Industry and Advanced Technology, and Special Envoy for Climate Change, His Excellency Dr. Sultan Ahmed Al Jaber, has highlighted how the UAE’s commitment to progressive climate action can lead to greater economic opportunity
Amarinth supplies API 610 VS4 and OH2 pumps to the ADNOC Bu Haseer project
Amarinth has delivered two API 610 VS4 vertical pumps and two API 610 OH2 horizontal pumps to the ADNOC Bu Haseer full field development project