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Majid Al Futtaim lists world’s first benchmark corporate Green Sukuk on Nasdaq Dubai

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  • Region’s first corporate Green Sukuk and valued at USD 600 million
  • Investment to be used for financing existing and future green projects
  • Issuance is a key milestone towards the retail conglomerate’s 2040 Net Positive goals

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia today rang the market-opening bell at Nasdaq Dubai to mark the listing of the world’s first benchmark corporate Green Sukuk and the first Green Sukuk issued by a corporate in the region.

Valued at USD 600 million and with a tenor of ten years, the Green Sukuk is testament to Majid Al Futtaim’s long term commitment to support the transition to a low carbon economy. The investment will be used to finance and refinance Majid Al Futtaim’s existing and future green projects, including green buildings, renewable energy, sustainable water management, and energy efficiency.

To mark the occasion, Alain Bejjani, Chief Executive Officer at Majid Al Futtaim – Holding, rang the market-opening bell in the presence of His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC) and Chairman of Dubai Islamic Economy Development Centre (DIEDC), Hamed Ali, Chief Executive of Nasdaq Dubai and members of Majid Al Futtaim’s leadership team.

Alain Bejjani, Chief Executive Officer at Majid Al Futtaim – Holding, said: “This issuance will enable Majid Al Futtaim to deliver more sustainable experiences for our customers and to address the implications of climate change. As we progress on our sustainability journey, we are extremely proud to list the world’s first benchmark corporate Green Sukuk and look forward to identifying and pioneering innovative ways to meet our ambition to be Net Positive by 2040. The widespread interest from global investors in the bond indicates their confidence in our ESG rating, BBB credit rating, and prudent financial and risk management approach. Investors’ faith in our vision empowers us to continue on our path to become one of the most environmentally sustainable companies within our industries.”

His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC) and Chairman of Dubai Islamic Economy Development Centre (DIEDC), said: “Majid Al Futtaim’s Green Sukuk listing reflects the forward-looking and progressive outlook of Dubai’s leading businesses and the vitality of its capital markets infrastructure. The listing further supports Dubai’s growth as the global capital of the Islamic economy, under the initiative launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minster, and Ruler of Dubai.”

In preparation for issuance of the Green Sukuk, Majid Al Futtaim recently established a Green Finance Framework and a Green Finance Steering Committee, which will oversee the selection of new and existing projects for the green portfolio. Majid Al Futtaim has also received a “low risk” environmental, social and governance (ESG) rating by Sustainalytics, an independent ESG auditor, certifying the company is at ‘low risk’ of experiencing financial impact from ESG factors, due to its low exposure and effective management of ESG issues.

Ibrahim Al-Zu’bi, Chief Sustainability Officer at Majid Al Futtaim – Holding, said: “The Green Sukuk demonstrates our commitment to upholding sustainable practices across our businesses and communities we operate in. The Green Sukuk further supports our ambitious Net Positive strategy and through the proceeds generated, will deliver impactful and measurable socio-economic and environmental benefits.”

With the Green Sukuk listing, the value of all debt instruments listed on Nasdaq Dubai by Majid Al Futtaim has reached USD 2.4 billion. The company’s other listings comprise one Sukuk of USD 500 million that listed in 2015, and two conventional bonds of USD 500 million each that listed in 2013 and 2014 respectively, and a USD 300 million tap on the 2014 bond that listed in 2016.

Hamed Ali, Chief Executive of Nasdaq Dubai, said: “We are delighted to further strengthen our close collaboration with Majid Al Futtaim through this green Sukuk listing. Nasdaq Dubai is committed to supporting the company as well as all its issuers through the high visibility that we provide to investors around the world as well as best practice regulatory infrastructure.”

In 2017, Majid Al Futtaim launched its Net Positive strategy which aims to significantly reduce the company’s water consumption and carbon emissions to the extent that it puts more back into the environment than it takes out, resulting in a positive corporate footprint by 2040.

The company has a proven track record of applying green building best practices across its portfolio. The company was the first organisation in the region to achieve LEED certification for its shopping malls, hotels and offices buildings. Al Zahia, the company’s flagship community in Sharjah is the first BREEAM ‘Very Good’ rated community in the MENA region. Majid Al Futtaim introduced a Sustainable Building Policy that set minimum building standars as: LEED Gold V4 (USGBC), 3 Pearl (ESTDAMA) or BREEAM ‘Very Good’ Rating. The company now owns close to 3 million m2 green certified floor areas, including the recently opened My City Centre Masdar, Abu Dhabi’s most sustainable shopping mall.

In 2018, the company received the ‘Green Star’ rating by Global Real Estate Sustainability Benchmarks (GRESB) for the fifth consecutive year, in recognition for its sustainable practices and initiatives, resulting in a score of 84%, outperforming the global benchmark average by 7% and the GRESB average by 17%. The company was ranked the 6th best performing non-listed company in the retail sector across Asia in 2018.

Majid Al Futtaim closed 2018 with a solid financial and liquidity position covering its net financing needs for the next 3 years through its cash and available committed lines.  In 2018, the company’s group revenue grew by 7% reaching AED 34.6 billion, while EBITDA increased by 9% year-on-year to AED 4.6 billion. The company continued to maintain a strong balance sheet with total assets valued at AED 60.4 billion and a net debt of around AED 12.6 billion. Fitch Ratings and Standard & Poor’s have reaffirmed the company’s credit rating at ‘BBB’ with a stable outlook, for a seventh consecutive year, reiterating its credit strengths such as the resilience of its business model, quality of assets, strong corporate governance and prudent financial management.

The total value of all Sukuk listed on Dubai’s exchanges has now reached 61.49 billion US dollars, the largest amount of any listing centre in the world.

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Schneider Electric and Aster evolve their partnership

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  • Aster becomes a 100% fully independent company owned by its management team
  • Schneider Electric to focus on new Schneider Electric Ventures initiative

Schneider Electric, the leader in digital transformation of energy management and automation, and Aster, a venture capital firm supporting entrepreneurs transforming markets through bold offers and technologies, have agreed to change their partnership in order to accommodate the recent launch of Schneider Electric Ventures by Schneider Electric, while strengthening Aster’s independence and extending its development capabilities.

Schneider Electric recently created Schneider Electric Ventures to identify, nurture and support innovations in its markets that will transform the way we live and work, how we produce and consume energy, and how we run buildings and factories. Schneider Electric has committed to invest between 300 and 500 million euros in the coming years through Schneider Electric Ventures, in incubation projects, creation of new ventures, investments in start-ups, partnerships with entrepreneurs, and partner venture capital funds.

Accordingly, Aster strengthens its independence and will be 100% owned by its management team. This will enable Aster to pursue, with greater agility, its ambition to provide its investors with the opportunity to access an enlarged ecosystem of companies, customers and partners. As an independent venture capital company with its own investment strategy, Aster will leverage its recognized expertise to continue its commitment to support energized teams of entrepreneurs impacting a wide spectrum of sectors, including energy, industry, and mobility that have been Aster’s focus over the past 18 years.

Aster will continue to advise and support Schneider Electric regarding Schneider Electric’s investments in certain funds managed by Aster. “After 18 years of collaboration, we are moving to a next level and I am very grateful to Schneider Electric, Aster’s historic sponsor, which I warmly thank for its past support and contribution,” explains Jean-Marc Bally, Managing Partner of Aster, “Aster and Schneider Electric will continue to collaborate together in the future with a new set of opportunities”.

“Our industry is changing quickly, and we see many opportunities for investing in innovation. This is why we have decided to build a dedicated team to focus on these opportunities going forward. The Schneider Electric Ventures team has increased resources and an enlarged scope to include Incubation, Growth investments, and Partnerships”, said Heriberto Diarte, Head of Open Innovation and Ventures at Schneider Electric. “We thank Aster for all the years investing and we will continue supporting Aster’s portfolio companies”.

 

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Champion horses check-in to experience Emirates Equine

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Close to 100 horses heading to the Shanghai leg of the Longines Global Champions Tour between 3 and 5 May 2019 were the latest to experience Emirates Equine- Emirates SkyCargo’s specialised product for calm and comfortable transportation of horses.

91 horses boarded two Emirates SkyCargo Boeing 777 freighter aircraft specially chartered for the occasion for their journey from Belgium.

The horses were first led into specially designed horse stalls which were then loaded directly into the cargo aircraft for a smooth boarding experience.

On these flights, the horses were accommodated two per horse stall, considered the equivalent of business class travel. The horse stalls were also fitted with hay nets to ensure that the equine champions didn’t lack their in-flight snacks.

Emirates SkyCargo’s equine customers also had access to constant care during the flight as the carrier’s freighter aircraft also has provision for qualified vets and grooms to travel with the horses during the flight.

The air cargo carrier worked with Peden Bloodstock, a reputed equine transportation company, to ensure that the horses were well cared for before, during and after their flights so they could hit the ground running at Shanghai.

Post the tournament, the horses once again boarded their Emirates SkyCargo flights back to Belgium.

Emirates Equine in numbers

  1. 39 horse charters executed by Emirates SkyCargo in 2018/19
  2. Over 2000 horses flown by Emirates SkyCargo in 2018/19
  3. 18 Emirates SkyCargo charter flights flown uniquely for one sporting event in 2018- the largest civilian air charter for horses
  4. 91 horses travelled from Belgium to Shanghai for the Longines Global Champions Tour
  5. Emirates SkyCargo has operated horse charters to six continents
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Dream Cruises Selects SES Networks’ Game-Changing Connectivity for Cruise Fleet

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Guests and crew onboard World Dream, Genting Dream and the recently launched Explorer Dream will experience transformational, ultra-fast, low-latency connectivity powered by SES Networks’ Signature Maritime Solution

Dream Cruises, a brand of Genting Cruise Lines, has selected SES Networks’ Signature Cruise Solution to provide exceptional speeds, low latency, and unmatched fibre-like service to its passenger ship fleet, comprised of World Dream, Genting Dream and Explorer Dream, for the Asian luxury market, SES announced today.

Crew and guests of the newly-launched Explorer Dream will experience exceptional SES-powered guest connectivity onboard the 75,000-gross-ton, 2,000-passenger ship. The SES Networks’ solution will also be introduced onboard Genting Dream in September this year, completing the fleet-wide implementation that follows the successful launch of SES Networks’ managed service onboard World Dream, Dream Cruises’ second cruise ship, which debuted in 2017.

The new Explorer Dream will have homeports in Shanghai and Tianjin, as well as Sydney and Auckland later in the year. Its significantly enhanced connectivity will enable guests to chat with friends on WeChat, pick up a bargain on Taobao, or stream high-resolution video on YouKu without interruption or lag. It will also mean that guests can share photos and videos from their trip in real-time across social media, or battle with their friends in League of Legends as easily as they can on land.

SES Networks’ Signature Cruise Solution combines the low latency of its O3b medium earth orbit (MEO) satellite constellation with a fully managed end-to-end service, backed up by its highly reliable geostationary (GEO) fleet to ensure network resilience. The result is a seamless, high-performance broadband service delivered to everyone onboard the Dream Cruises fleet.

“Today’s cruise passengers demand excellent connectivity even when they are travelling on the high seas. As part of our efforts to provide our guests with the best possible services and amenities on board our ships, we partnered with SES Networks because of their high-speed capability to deliver a terrestrial broadband-like internet experience in some of the most challenging of conditions,” said Thatcher Brown, President at Dream Cruises.

“A Dream Cruise has the ability to deliver inspirational voyages at sea that create memories to last a lifetime. A key part of that adventure nowadays is the digital experience. Our Signature Cruise Solution ensures that passengers onboard Explorer Dream – along with World Dream and Genting Dream – will experience the new standard of enhanced guest connectivity,” said Simon Maher, Vice President Global Sales, Cruise Maritime Services at SES Networks. “Because SES Networks and Dream Cruises have shared values around delivering transformational and inspirational experiences at sea, we are incredibly proud to partner with them to enable this level of service.”

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IAPH 2019 World Ports Conference Wraps up in Guangzhou

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On the afternoon of May 9, with Mr. Chen Hongxian, Director General of Guangzhou Port Authority handing over the IAPH flag to Luc Arnouts from Port of Antwerp, which is the next host of the Conference, IAPH 2019 World Ports Conference wrapped up with full success. IAPH president Santiago Garcia Mila as well as Port of Antwerp vice president Luc Arnouts spoke highly of the Conference and expressed profound gratitude to the organizer.

Themed on “Collaborate Now Create Future”, IAPH 2019 World Ports Conference attracted over 1,000 participants from business, port and shipping communities out of more than 50 countries across the world. The two-day event featured one keynote speech, 6 break-out sessions, one plenary meeting and a panel discussion conducted. Nearly 100 lectures presented by 66 speakers from home and abroad immersed the audience with numerous fresh ideas and intriguing insights. In addition, overseas exhibitors from the United States, Canada, Australia, Germany, Japan, South Korea, Venezuela, Malaysia and Indonesia together with domestic peers, namely Guangzhou Port, China Communications Construction Corporation, Cosco Shipping, Huawei, Bank of China, Guangzhou Development District, Guangzhou Nansha New District and Shenzhen Port showcased their cutting-edge solutions and programs at the concurrent exhibition.

During the Conference, Guangzhou Port accomplished to sign sister-port agreements with 8 international ports, adding up to a sister-port of 50 members in total. A number of collaboration projects such as “Green Port and Shipping” initiative and “Greater Bay Area 5G Port Innovation Center” were also launched in the city.

IAPH 2019 World Ports Conference was warmly embraced by the city as evidenced by its record high number of participants and sessions. The efforts and spirit to “Collaborate Now Create Future” will contribute another legend to the world’s port and shipping circles and inspire the city to go global for a better future.

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Masimo and Mindray Announce Expanded Partnership

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Mindray to Offer Masimo SET® Pulse Oximetry in its Patient Monitoring Devices in Additional Countries Beyond the United States

Masimo (NASDAQ: MASI) and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (SZSE: 300760) announced today that they have entered into a purchase and license agreement, under which Mindray will offer Masimo SET® Measure-through Motion and Low Perfusion™ pulse oximetry – noninvasive, continuous measurement of oxygen saturation (SpO2), pulse rate (PR), and perfusion index (Pi) – in its monitoring devices. Mindray devices equipped with SET® will now be available in select countries in Europe, the Middle East, Russia and the Commonwealth of Independent States, and Asia-Pacific (excluding China), including Australia and India.

With the invention of Signal Extraction Technology® (SET®), Masimo established a new standard for pulse oximetry by introducing the ability to measure through motion and low perfusion. In a study comparing multiple pulse oximetry technologies, SET® was shown to demonstrate the highest sensitivity and specificity in identifying desaturation events and avoiding false desaturation events during these conditions.1 SET® has also opened up new frontiers in patient monitoring during challenging conditions: outcome studies have shown that SET®, combined with clinical assessment, has helped clinicians reduce retinopathy of prematurity (ROP) in neonates,2 improve critical congenital heart disease (CCHD) screening in newborns,3 and through continuous monitoring of patients in post-surgical wards, reduce ICU transfers and rapid response team activations.4-6 In all, over 100 independent and objective studies have shown that SET® outperforms other pulse oximetry technologies.7 Masimo continues to refine SET®, and recently announced that SpO2 accuracy specifications have now improved to 1.5% in conditions of motion and no motion for adult, pediatric, and infant patients (> 3 kg) with RD SET™ sensors. Now, the benefits of Masimo SET® are also available to clinicians using Mindray’s devices in many countries outside the United States, where Mindray has offered SET® pulse oximetry in devices from Datascope (which began offering SET® in 1998) since acquiring Datascope in 2008.

Mindray is a leading global provider of medical devices and solutions. Mindray’s products and services can be found in healthcare facilities in over 190 countries, and over 1.1 million Mindray monitors have been used or are in use across the world, representing the world’s third-largest patient monitoring market share. Patient monitors now available with integrated Masimo SET® pulse oximetry include the Mindray BeneVision N and BeneView T series for use in high-acuity environments and the ePM, iPM, and iMEC series for use in a variety of clinical scenarios, among other devices.

Jon Coleman, President of Worldwide Sales, Professional Services, and Medical Affairs, Masimo, commented, “We’re excited to enter into this agreement with Mindray, so that more patients, clinicians, and hospitals can benefit from the unmatched performance of Masimo SET® pulse oximetry.”

Yang Ting, General Manager of International Sales and Marketing, Patient Monitoring and Life Support, Mindray, said, “We are very happy to expand our cooperation with Masimo from North America to more regions, so that our customers will have access to the outstanding SpO2 technology from Masimo. It is a proof of our constant commitment to bringing advanced medical technologies to people in need, and making better healthcare more accessible for all.”

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Samsung, Spin Digital and SES Showcase 8K Content via Satellite

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In Europe’s first such demo, an 8K signal is directly broadcast to a flat screen TV without any separate external receiver or decoder

The SES annual Industry Days event kicks off today with the world leading satellite operator announcing that an 8K demo signal is broadcast directly to a flat screen TV with a built-in satellite receiver.

The 8K content broadcast via ASTRA 28.2 degrees East orbital slot is unveiled at the invite-only two-day event that is held in Luxembourg, with Spin Digital providing the expertise to encode high quality 8K signals, SES the bandwidth to broadcast the signal, and Samsung the 8K flat screen TV to receive and decode the broadcast signal directly.

The 8K content, with 7680×4320 pixels at 50 frames/s, is encoded by Spin Digital using its HEVC encoder at a bit rate of 70 Mbps for broadcast-grade quality, while the transmission is carried out by SES on a single 33 MHz transponder using DTH broadcast parameters. The 82” Samsung 8K Q950RB QLED production model TV receives this signal directly, and is using DVB-S2 transmission parameters specifically for this demo. This Samsung flagship TV features a 4000 Nits peak luminance, an 8K-compatible HEVC 50/60 fps video decoder, the latest HDMI interface and is capable of displaying High Dynamic Range (HDR) content. The TV will soon be available across Europe.

Transmitting broadcast-quality 8K content across multiple video formats calls for both efficient video coding and reliable infrastructure technology. While compression technology will become more efficient in the next few years, the demo underlines how satellite is already capable of reliably providing the transmission bitrates necessary to distribute 8K signals across continents.

Not only is the SES Industry Days an ideal platform to showcase the latest satellite-enabled products and services, the event has also gained the reputation of being a birthplace for innovation as over 300 attendees from 190 companies around the world gather together to discuss budding business concepts and how they can partner together to bring about more cost-efficient and effective solutions for their customers.

“Samsung is delighted to partner once again with SES with another leading edge technology demonstration at the SES Industry Days. Samsung is fully committed to the development of a future 8K TV market and this demonstration of the viability of the SES satellite platform is an important step towards that goal”, said John Adam, Head of Business Development and Industrial Affairs at Samsung Research UK.

“The collaboration with SES is helping to define the compression and quality settings for the new 8K format exploiting all the potential of the HEVC coding technology. Our next step is to enable similar quality and compression for live 8K HEVC,” said Mauricio Alvarez-Mesa, CEO of Spin Digital.

“Audiences today want richer video experiences that can be best fulfilled by immersive Ultra HD content, hence a lot of our broadcast and video customers are migrating their channels to high definition (HD) and Ultra HD. As their trusted partner, our vast TV audience reach and ability to deliver truly engaging video experiences via satellite mean we are well placed to differentiate their offerings and deliver customer success,” said Thomas Wrede, Vice-President of New Technology & Standards at SES Video. “It will be years before large 8K flat screens or video walls become a common sight in our living rooms. Nonetheless, we are anticipating the future by working with our industry partners to further improve the consumer’s video quality experience and to define an 8K satellite broadcasting standard.”

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Icon Art Production invests over AED 15 million in Film, TV & Broadcasting Equipment

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  • Facilities to support local and International film Industry with upgraded Equipment, Studio & Post Production Facilities

Film and TV Production House and market leader, Icon Art Production (IAP) is aiming to invest 15 Million Dirhams in 2019 to Increase the inventory of Film/TV/Broadcasting Equipment’s following increase in demand for Local and International Production of Feature Films, TV Programs, Music Videos, TV Commercials, Events Productions, Studios & Post Production facility in Dubai, UAE.

Investment includes the expansion of State of the Art Studio Facilities for Indoor Shoots for TVC, TV Programs and Feature Film with Studio size of 15,000 Sqft with Post Production Facilities. The company had invested 10 million in 2013 to upgrade state of the art equipment and in 5 years IAP has supported over 45 Feature Films, 300 TV Commercials, 200 Music Video & 30 TV Programs & several corporate Films.

The state of the art equipment and working knowledge of the various Local and international Films, TV, and the Events Industry positions IAP amongst the top 10 production houses in Dubai.  The facility can be customized and branded for magazine shoots, product launches and pop up events.

According to Zakir, CEO of Icon Art production, “Our team understands the niche requirements of the industry, based on which we design a feasible budget for any type of project to assist Directors and Producers. This has enabled us to be Industry leaders in supporting International filmmakers coming to Dubai from Bollywood and other regional & International film industries.”

By investing in the latest Equipment, IAP leads the Film, TV and Events Industry by providing a one Stop Solution for all production requirements at competitive prices.

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LUKOIL Lubricants Partner With Al Mustaqbil Al Zahir Cars Trading (AMAZ)

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LUKOIL, one of the world’s largest vertically integrated and privately-owned global energy companies and the market leading lubricants brand in Russia and Europe, has partnered with AL MUSTAQBIL AL ZAHIR CARS TRADING (AMAZ) to distribute their extensive range of LUKOIL Lubricant products in the United Arab Emirates. LUKOIL’s premium product range includes GENESIS, the advanced Synthetic Automotive Lubricants products, already acclaimed in the industry and approved by reputed car manufacturers globally. LUKOIL Lubricants boast of over 700 products in their global range and carries more than 1000 international OEM approvals and endorsements, which include PORSCHE, BMW, Mercedes Benz, Volkswagen, FORD, General Motors, Renault, SCANIA, MAN, MACK, Detroit Diesel, Cummins, SIEMENS, WARTSILA, ZF and several more car makers from Japan and Korea.

The agreement between the two parties was finalized at the offices of LUKOIL Marine Lubricants DMCC. The event was presided over by Mrs. June Manoharan, Managing Director, LUKOIL Marine Lubricants DMCC; Mr. William Gilbert Dsouza, LUKOIL Sales Director, Automotive Lubricants; Mr. Sandeep Malhotra, LUKOIL Regional Sales Manager. Mr. Abdullah Ahmed Bahwan, Executive Director; Mr. Shyam Asnani, Chief Operating Officer, Int’l Business;
Mr. Paulo S Fernandes, VP, International Business and Parvinder Singh, Head of Lubricants Business represented AL MUSTAQBIL AL ZAHIR CARS TRADING (AMAZ).

Mrs. June Manoharan, who is responsible for Automotive Lubricants in the region said,
“As the 21st century consumers, governments and industries move towards advanced technology to achieve increased efficiency and reduced emissions, the role and scope of oil manufacturers changes and calls for huge R&D investments in new product developments. LUKOIL being a progressive organization, has already kept itself ahead of the curve and developed an impressive range of synthetic products. The LUKOIL GENESIS products meet and exceed the stringent quality and high-performance standards set by the global industry organizations, API and ACEA. We are pleased to partner with AL MUSTAQBIL AL ZAHIR CARS TRADING (AMAZ) to market our GENESIS range and other motor lubricants in this highly sophisticated and competitive market.”

Speaking on the occasion, Mr. Abdullah Ahmed Bahwan said “We are very pleased to partner with LUKOIL, a progressive organization and respected global brand, whose strategy for the region matches with ours. We want to bring high quality products & services to UAE consumers and continuously strive to provide best in class customer service. Our experienced and motivated teams will significantly contribute to the success of LUKOIL Lubricants in the UAE”

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DEWA Adds 700MW to M-Station, Largest Power and Desalination Plant in UAE

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HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance, and President of Dubai Electricity and Water Authority (DEWA), inaugurated the extension project of M-Station in Jebel Ali, the largest power and desalination plant in the UAE.

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, noted that the total cost of M-Station with its extension reached AED 11,669 billion with a current production capacity of 2,885 megawatts (MW) and 140 million gallons of desalinated water per day. The expansion cost AED 1,527 billion and added new generating units with a capacity of 700MW. The extension design has a 90% fuel efficiency rate. This project has been completed with over 20 million Safe Man Hours without Lost Time Injury.

Al Tayer thanked DEWA’s partners, especially Siemens, which implemented the project and Mott MacDonald, the project consultant.

“The completion of the Jebel Ali M-Station expansion marks another milestone in the long history of Siemens and DEWA as strategic partners. It’s a testament to what we can achieve with innovation and technology to support society and economic growth in the UAE,” said Dietmar Siersdorfer, CEO, Siemens Middle East and UAE.

Before the extension, M-Station generated 2,185MW of electricity from 6 Siemens F-model gas turbines, each with a capacity of 255MW, 6 Doosan Waste-Heat Recovery Boilers for steam generation, 3 Alstom steam turbines with a capacity of 218MW each. The Project included construction of 16 fuel-oil storage tanks, each with a capacity of 20,000 cubic metres and totalling 320,000 cubic metres of fuel-oil storage. The station generated 140 MIGD from 8 Fisia desalination units, deploying Multi-Stage Flash (MSF) distillation technology, each with a capacity of 17.5 MIGD and two dual-fuel-fired auxiliary boilers.

The expansion project comprises of two dual-fuel gas turbine generators each with a capacity of 263.5 MW, two Waste Heat-Recovery Boilers for steam generation and a back pressure steam turbine from Siemens with capacity of 173 MW. The expansion’s design increased the plant’s fuel efficiency to 85.8%, which is one of the highest rates worldwide. DEWA’s  total production capacity is currently 11,100 MW of electricity and 470 MIGD of water production.

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