Industry

UAE Divisions of Scottish firms sign MoU for MENA oil and gas sector

Flowline SpecialistsFlowline Specialists FZE and Motive FZC, the UAE arms of Oldmeldrum-based Flowline Specialists and Banff-headquartered Motive Offshore Group, have MoU agreement to collaborate on a number of projects in the Middle East and North Africa (MENA)

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Flowserve AlMansoori Services opens workshop in Abu Dhabi

DSC 2716Flowserve AlMansoori Services said it has opened its workshop in Musaffah Industrial area in Abu Dhabi

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McDermott rejects takeover bid of Subsea 7

mergerThe US-based engineering company McDermott has rejected Subsea 7’s offer to acquire its entire issued share capital for US$7 per share

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ADNOC Distribution gets license to operate fuel pumps in Saudi Arabia

ADNOC Gas StationADNOC Distribution said it has been awarded a license to own and operate fuel pumps in Saudi Arabia

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IMF highlights Oman’s non-hydrocarbon growth

IMFThe International Monetary Fund (IMF) listed Oman’s efforts at diversifying its economy from hydrocarbons as a positive and said that its spending cuts would drive down deficits

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