Shanghai to build 200 smart factories to shore up its manufacturing status
Shanghai, China--Shanghai plans to build 200 new smart factories and 20 demonstration sites by end of 2025 after 70 intelligent plants in 2023, officials announced, solidifying its intelligent manufacturing stronghold, according to China Daily report.Covering auto, equipment and IT, this year's batch features life-cycle, process and supply chain enhancements. As...
Aquaterra gets UAE contract
Firm will deliver a complete end-to-end managed service.
Saudi Arabia seeks US$26bn of investment in machinery, equipment sectors
Riyadh, Saudi Arabia-- Saudi Arabia is looking to attract some US$26 billion dollars worth of investment in the machinery and equipment sector, according to its Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef. AlKhorayef, who is also Chairman of National Industrial Development Center (NIDC), announced that the industry...
Iran claims foreign demand for its military equipment has gone up
Tehran, Iran— Claiming that Iran has received numerous “requests” from different countries for purchase of its defense equipment and cooperation, Brigadier General Afshin Khajeh Fard has hailed the achievements in producing unmanned aerial vehicles (UAVs) and manned drones with fixed and moving wings.The brigadier general, the head of the Iran...
Japan plans export control measures for chip equipment
TOKYO, JAPAN - Japan on Friday unveiled planned export controls on 23 items used to make semiconductors, following US pressure for countries to restrict Chinese access to the technology.The move was immediately slammed by Beijing, which warned against moves that "politicize, instrumentalize and weaponize" trade.It comes as Tokyo confirmed its top...Nokia 2022 net profit $4.7bn
The company's Q4 net profit surged to US$3.4 billion.
ASML posts yearly profit of $6.1bn
The profit in year 2022 is 4.4 percent lower than in 2021.
US bans gear from China’s Huawei, ZTE over security risk
US authorities announced a ban on the import or sale of communications equipment deemed "an unacceptable risk to national security" - including gear from Chinese giants Huawei Technologies and ZTE. Both firms have been on a roster of companies listed as a threat by the Federal Communications Commission (FCC).
UAE signs deals worth US$70m to produce medical equipment
The UAE has signed agreements to the tune of $70.8 million with medical companies to manufacture medical equipment at home.
France sends latest nuclear shipment to Japan
Two ships carrying reprocessed nuclear fuel destined for Japan set sail Saturday morning from northern France, an AFP photographer said, despite criticism from environmental campaigners.Anaam land sale nets $22.6m
The transaction will be reflected on Anaam’s Q3 financial results.
Agreement with Iran ‘gives time to diplomacy’: IAEA
The deal struck with Iran on Sunday over access to surveillance equipment at Iranian nuclear facilities allows space for diplomatic talks, according to IAEA director general Rafael Grossi. It soothes a sore point in deadlocked talks to resuscitate the 2015 deal to curb Iran's nuclear programme.
Saudi Arabia to donate a million vaccine doses to Malaysia
The King has directed the country’s officials to provide Malaysia with aid after the country’s Foreign Minister requested Saudi Arabia for assistance in fighting off the surge in infection.
