$272 million acquisition to support Byrne Group’s geographic expansion
Itqan Investments and Tamar VPower Energy Fund I have acquired the UAE-based rental equipment company with plans to expand into the mega-power market in the Asia region

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Equipment

Cummins and JAC Motors form 50:50 joint venture
May 16, 2018
The JV will continue offering customers NS V diesel engines and focus on developing new products that meet NS VI standards
Mahindra Powerol launches new range of diesel generators
The company is expanding its presence in the higher kVA segment with 400 kVA, 500 kVA & 625 kVA offerings

Operations

Dubai records AED39.9 billion worth of auto parts and accessories trade in 2017
May 19, 2018
Imports of tyres, batteries, engine components and systems into Dubai were valued at AED22.35 billion last year
NFT and Potain launch tower crane safety campaign in Riyadh
NFT’s sister company Arabian Towers Corporation organised training for the main contractors of the Riyadh Metro

Finance

Construction, mining, petrochemicals and waste management industries to drive demand for heavy-duty trucks in MENA
May 02, 2018
In terms of value, the MENA trucks market is likely to increase from $3.2 billion in 2017 to $5.3 billion by 2027
Ritchie Bros. May 8-9 auction to feature over 1500 heavy construction equipment and vehicles
Apr 29, 2018
Buyers can place bids in person at the Dubai auction site or online via the Ritchie Bros. website
UAE consumers should take advantage of no-claims discounts on car insurance, says yallacompare
Mar 29, 2018
Under new regulations, UAE drivers are entitled to discounts of up to 20% on their insurance renewals if they have not been claimed