News and Events

Local Business News

Cyprus sends rumbles through banking system

Saturday 30 March 2013

FRANKFURT: The recent deal to rescue Cyprus and its banks from financial collapse has renewed fears about Europe’s shaky financial system and where trouble might next appear.

Japan’s Iranian crude imports fall further

Saturday 30 March 2013

TOKYO: Japan’s crude oil imports from Iran fell nearly a third in February from the same month a year earlier, trade ministry data showed, as tougher western sanctions targeting payments and

Islamic banks pressed to diversify money market deals

Saturday 30 March 2013

DUBAI: Regulators, scholars and simple economics are pressing Islamic banks in the Gulf to diversify their money market transactions, a trend which could spur growth of the region’s financial

‘Facebook phone’ may ring true on April 4

Saturday 30 March 2013

SAN FRANCISCO: Facebook fueled fresh talk yesterday about its own mobile phone after the leading social network scheduled a press announcement for next week.

Market cap surges to SR1.47 trillion

Saturday 30 March 2013

The Saudi stock market continued a positive drive last week, marking another weekly gain of 1.16 percent

Enterprise Ireland sets sights on new Saudi opportunities

Saturday 30 March 2013

The government of Ireland is very committed to continuing the development of its trade links with Saudi Arabia.

International News

ZigBee releases standard for IPv6-Based Wireless Networks

March 28, 2013

ZigBee IP for an IPv6-based full wireless mesh networking solution provides seamless Internet connections to control low-power, low-cost devices

AIA Appoints Two Global Ambassadors

March 28, 2013

Kyle Voosen of National Instruments is the AIA ambassador to Europe and Steve Mott of Components Express is the AIA ambassador to South America.

Two automation firms nominated for HERMES AWARD 2013

March 27, 2013

Of the five nominees, two--Bosch Rexroth and Hirschmann Automation--are from the automation and control industry.

Process Manufacturers want to Reshore

March 27, 2013

A Maverick study says that 60 percent of respondents indicated that "U.S.-based support" on a 24/7 basis is an important part of maintaining process controls. Can't get that overseas.

MEMS pressure sensor market is growing

March 27, 2013

After years of limited growth, the MEMS pressure sensor market is growing due to consumer electronic applications and is expected to show a 22% CAGR.

Curtiss-Wright Acquires Exlar

March 27, 2013

Exlar is a designer and manufacturer of electric actuators used in motion control solutions in industrial and military markets

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Local Business News

SABIC plans $ 4.23 bn steel plants

Saudi Basic Industries Corporation (SABIC) is planning to build two steel plants on Saudi Arabia’s Gulf coast for its affiliate Hadeed, it said yesterday. One plant, in Jubail, would have processing capacity of 1.5 million tons a year and the other, in Rabigh, one million tons a year, SABIC said in a statement to the [...]

CSC pleads for establishing industrial authority

The Council of Saudi Chambers (CSC) has called for the establishment of an industrial authority to deal with the smooth implementation of the private sector industrial plans throughout the Kingdom. The call was made at a meeting held last week at the CSC, chaired by President of the National Industrial Committee Saad Al-Moajil in the [...]

S&P revises ratings on Saudi banks to positive from stable

Standard & Poor’s Ratings Services said yesterday it revised to positive from stable its outlooks on Saudi Arabia-based Arab National Bank, Banque Saudi Fransi, and the Saudi British Bank. At the same time, it said, it affirmed its long- and short-term counterparty credit ratings on all three banks at “A/A-1″.

KSA expected to invest $ 45 bn to set up railway networks

Saudi Arabia is currently undertaking ground-breaking transformations in the transportation sector and Huawei Technologies aims to place the passengers at the heart of the new transformation by emphasizing safety, comfort and reliability as critical components of railway infrastructure. At a recent event in Riyadh, Huawei Enterprise revealed its latest railway communication solutions, including its GSM-R, [...]

Marafiq to set up saline water plant

The Power and Water Utility Company for Jubail and Yanbu (Marafiq) has signed a deal with French Sidem and Sidem Saudi Arabia, both affiliated to Veolia Water Company, whereby the latter will undertake the engineering, construction, operation, and maintenance works at a new saline water plant at SADARA Petrochemical Complex in Jubail.

Spanish firms target Saudi solar energy sector

A group of Spanish companies have expressed willingness to enter into partnership with their Saudi counterparts to set up plants for production of solar energy to meet local demand and export to foreign countries, a senior diplomat at the Spanish Embassy said.

International News

Explosion-proof pressure transducer designed for oil and gas well-site applications

American Sensor Technologies has released the AST46DS Explosion-Proof Pressure Transducer with Display with pressures from 1 to 20,000 PSI available. The AST46DS is a price-competitive transducer with zero function capability, voltage or 4-20mA output signals, and all 316L stainless steel sensor materials. The voltage output signal is ideal for oil and gas well site applications. [...]

Power transistors present desirable on-state resistance for low-energy, space-efficient designs

STMicroelectronics has introduced a generation of energy-efficient power devices that are positioned as reducing the environmental impact of equipment such as telecom or computing systems, solar inverters, industrial automation and automotive applications. STripFET VII DeepGATE MOSFETs are asserted to deliver the best conducting efficiency among currently available 80-V and 100-V devices, while switching efficiency is [...]

Data acquisition module ideal for high-power applications

ICP DAS USA has introduced M-7069D, a Modbus RTU based data acquisition module with 8 LED indicators that can be used to monitor the relay output status. Options are provided that allow power-on and safe digital output values to be configured. 4 kV ESD, 4 kV EFT and 3 kV surge protection are provided to [...]

Pressure sensors ensure optimal operations of safety trailers used on remote sites

American Sensor Technologies (AST) pressure sensors are serving as components in a remote monitoring system that ensures optimal operations of safety trailers used on remote sites as emergency first aid stations. Mining, construction, oil fields and other industrial sites are often located miles away from medical facilities. Nomadic safety trailers are equipped with a variety [...]

Pressure transmitter features response time down to 90 ms

Yokogawa Corporation of America announced the release of its enhanced version of the DPharp EJA series pressure/differential pressure transmitters, one of its core sensor products, on May 1, 2013. The release included local manufacturing capabilities in their Newnan, GA facility to support the North American market. While remaining in the same price range, the enhanced [...]