Bahrain energy firm signs deal for AI oil drilling technology

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The Bahrain-based Oil and Gas Holding Company (nogaholding) announced a collaboration deal with UAE technology pioneer AIQ to integrate and deploy artificial intelligence (AI) and digital solutions into its upstream operations.

Under the collaboration pact, the energy investment specialists will utilise the latest AI technologies provided by AIQ to increase the operational efficiency of Tatweer Petroleum, a subsidiary of nogaholding.

The digitalisation project will use machine learning and data science to enhance existing field architecture to optimise and improve performance, while reducing operational risk.

Group CEO Mark Thomas said through the collaboration with AIQ, nogaholding aims to maximise the value of national resources and venture into new areas of growth and opportunity.

“The fourth industrial revolution has enabled companies to implement big data and AI to enhance operations and efficiency,” he added.

Omar Al Marzooqi, CEO of AIQ, said AIQ is developing breakthrough AI tools and applications that accelerate the sustainable digital transformation of the energy sector.

“We look forward to working with nogaholding to leverage the power of AI and data to unlock value for Tatweer Petroleum,” he said.

AIQ has enabled the development of breakthrough AI solutions across the energy industry, with the company focusing its expertise on critical AI projects across the oil and gas value chain.

AIQ efficiently collects, categorises, and models data allowing for smarter, safer, and more informed decision-making.

Source:https://www.arabianbusiness.com/industries/energy/bahrain-energy-firm-signs-deal-for-ai-oil-drilling-technology

Kuwaiti logistics giant Agility applies for licence to run digital bank

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Kuwait-based logistics giant Agility confirmed on Tuesday that it applied for a licence to establish a digital bank.

The move is part of the company’s “ongoing focus on digital initiatives”, according to vice chairman and chief executive Tarek Al Essa in a statement to the Dubai Financial Market.

However he said the application is in its early stages, adding: “Agility has requested a licence to establish a digital bank but there is nothing material at the moment.”

The statement came in response to a report by Kuwait’s Al Rai newspaper on Agility’s plans which said the application includes an emphasis on technical aspects, cyber security, operational risks and measures to combat money laundering and terrorism financing.

The trend towards digital banking is gathering pace in the Gulf region.

In the UAE, Al Maryah Community Bank has become the first digital bank to serve UAE customers after launching its app while Emaar founder and chairman Mohamed Alabbar has previously announced that he will head Zand, the first digital bank in the world to provide both retail and corporate banking.

A survey from Boston Consulting Group (BCG) in October last year revealed that 87 percent of respondents in the UAE would be willing to open an account with a branchless digital-only bank.

Last year, Abu Dhabi investment firm ADQ revealed plans to set up a digital bank with an initial capital of AED2 billion after obtaining the legacy licence of First Gulf Bank.

Source:https://www.arabianbusiness.com/banking-finance/467501-kuwait-logistics-giant-agility-applies-for-licence-to-run-digital-bank

Expats struggle to get vaccines in Kuwait, citizens come 1st

In the tiny, oil-rich sheikhdom of Kuwait, the foreigners who power the country’s economy, serve its society and make up 70 per cent of its population are struggling to get coronavirus vaccines.

Unlike other Gulf Arab states that have administered doses to masses of foreign workers in a race to reach herd immunity, Kuwait has come under fire for vaccinating its own people first.

That leaves legions of labourers from Asia, Africa and elsewhere, who clean Kuwaiti nationals’ homes, care for their children, drive their cars and bag their groceries, still waiting for their first doses, despite bearing the brunt of the pandemic.

“The only people I’ve seen at the vaccination center were Kuwaiti,” said a 27-year-old Kuwaiti doctor, who like most people interviewed for this story spoke on condition of anonymity for fear of government reprisals. “Kuwait has a citizens-first policy for everything, including when it comes to public health.”

Kuwaiti authorities did not respond to repeated requests for comment from The Associated Press on their vaccination strategy.

When Kuwait’s vaccination registration site went live in December, authorities declared that health-care workers, older adults and those with underlying conditions would be first in line.

As weeks ticked by, however, it became increasingly clear the lion’s share of doses was going to Kuwaitis, regardless of their age or health. Initially, some expat medical workers said they couldn’t even get appointments.

Kuwait’s labour system, which links migrants’ residency status to their jobs and gives employers outsized power, prevails across the Gulf Arab states.

But hostility toward migrants long has burned hotter in Kuwait. The legacy of the 1991 Gulf War, which triggered mass deportations of Palestinian, Jordanian and Yemeni workers whose leaders had supported Iraq in the conflict, fuelled anxiety about the need for self-reliance in Kuwait that endures today — even as Southeast Asian labourers rushed to fill the void.

A 30-year-old Indian woman who has spent her whole life in Kuwait watched her Instagram feed fill with celebratory photos of Kuwaiti teenagers getting the jab. Her father, a 62-year-old diabetic with high blood pressure, could not — like the rest of her relatives living there.

“All the Kuwaitis I know are vaccinated,” she said. “It’s more than just annoying, it’s a realization that no, this is not cool, there is no way to feel like I belong here anymore.”

Kuwait has vaccinated its citizens at a rate six times that of non-citizens, the Health Ministry revealed earlier this year. At the time, despite some 238,000 foreigners registering online to book an appointment, only 18,000 of them — mostly doctors, nurses and well-connected workers in state oil companies — were actually called in to receive the vaccine. Meanwhile, some 119,000 Kuwaitis were vaccinated.

With vaccine information only available in English or Arabic, advocates say that locks out scores of low-wage laborers from Southeast Asia who speak neither language.

The disparity set off a roiling debate on social media, with users decrying what they called the latest instance of xenophobia in Kuwait. They say the pandemic has magnified resentment of migrant workers, deepened social divides and hardened the government’s resolve to protect its own people first. Medical professionals warned Kuwait’s inoculation hierarchy damages public health.

Compared to the United Arab Emirates and Bahrain, among the world’s fastest vaccinators per capita, Kuwait’s drive has lagged.

While foreigners wait for shots, medical workers say Kuwaiti citizens remain reluctant to register because of vaccine conspiracy theories shared widely on social media. Infections have soared, prompting the government to impose a strict nightly curfew last month.

With pressure mounting on the Health Ministry, barriers eased in recent weeks, with a growing number of foreign residents 65 years of age and older reporting they were able to get vaccinated. Still, most expats insist the inequality in access remains striking.

“We are waiting and waiting for the call,” said a 55-year-old house cleaner from Sri Lanka. “The moment I get the call, I will go. I need the vaccine to be safe.”
The government has not released a demographic breakdown of vaccinated foreigners vs Kuwaitis since the outrage over the inequality erupted in mid-February, only overall vaccination statistics. As of this week, 500,000 people have received at least one dose of either Pfizer-BioNTech or Oxford-AstraZeneca, according to health authorities.

Even as the bulk of front-line workers in grocery stores and cafes remain unvaccinated, Kuwait is making plans to reopen society for the inoculated. Those who can prove they got the jab will be able to attend schools in the fall, go to cinemas in the spring and skip quarantine after flying into the country, the government announced.

Foreign workers in Kuwait have felt this frustration before.When the pandemic first struck, lawmakers, talk show hosts and prominent actresses blamed migrants for the virus’s spread.

As the coronavirus ripped through crowded districts and dormitories where many foreigners live, authorities imposed targeted lockdowns and published surging virus counts with a breakdown of nationalities. When infections among Kuwaitis rose, the government stopped releasing demographic data.

“It’s easy for migrants to be seen as the root of all problems in Kuwait,” said Rohan Advani, a researcher of sociology at the University of California, Los Angeles. “Citizens don’t have political or economic power, so when they don’t like what’s happening to their country, blaming foreigners becomes the main outlet.”

Despite having an outspoken parliament, final power in Kuwait rests with the ruling emir. Kuwaiti citizens, who are guaranteed spots on the public payroll and reap the benefits of a cradle-to-grave welfare state, increasingly have clamored for policies that limit the flow of migrants.

Source:https://economictimes.indiatimes.com/news/international/uae/expats-struggle-to-get-vaccines-in-kuwait-citizens-come-1st/articleshow/81895582.cms

Kuwait’s Kipic picks Honeywell as automation contractor for Prize

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Kuwait Integrated Petroleum Industries Company (Kipic), the company behind Kuwait’s $27bn (KWD8.2bn) Al Zour refinery has picked Honeywell Process Solutions (HPS) as the main automation contractor for its new Petrochemicals and Refinery Integration Al Zour Project (Prize).

As part of the contract, HPS will deliver front-end engineering design (Feed) and advanced process control technology for the complex, which will help Kipic reach its production targets faster.

In a statement, Honeywell said that Prize has been developed ad part of the Al Zour refinery complex and once developed will be the first integrated refining and petrochemicals complex in Kuwait. Upon being operational, the facility will increase Kuwait’s domestic petrochemicals, aromatics, and gasoline manufacturing capabilities.

Speaking on the contract win, president for Honeywell in Kuwait, Rachad Abdallah said: “At the integrated refining and petrochemicals complex at Al-Zour, we are leveraging our experience and technologies to help develop one of the most ambitious initiatives in the region.”

Meanwhile, acting chief executive officer at Kipic, Hatem Al Awadhi said: “With Honeywell’s support, we are building a strategic project that will only transform Kuwait’s domestic oil and gas market, and also provide a significant accelerator for the country’s long-term economic development by improving gasoline and benzene supply to the local and international markets.”

In July 2019, Honeywell UOP was awarded a contract by Kipic, as part of which the company would reconfigure the refinery and petrochemicals sections of Al Zour Refinery.

Source:https://www.constructionweekonline.com/products-and-services/260525-kuwaits-kipic-picks-honeywell-as-automation-contractor-for-prize

Fluor, Daewoo, Hyundai JV start up boilers at KIPIC’s Al Zour Refinery

The joint venture of New York Stock Exchange-listed global engineering, procurement, fabrication, construction and maintenance firm Flour with Daewoo Engineering & Construction (E&C), and Hyundai Heavy Industries (FDH JV) has successfully started up two boilers that began generating steam in the new Al-Zour Refinery.

The refinery is a part of the Kuwait Integrated Petrochemicals Industrial Company’s (KIPIC) Package 2 and 3 project in the country.

In a stock market filing Fluor said that it is leading the JV that is working to deliver two engineering, procurement, fabrication, and construction packages for key process support units, utilities, and infrastructure for the highly complex, mega-sized Al-Zour Refinery project.

Upon completion, the grassroots complex is expected to be one of the largest refineries in the world, with the capacity to process 615,000 barrels of oil per day (bpod).

Commenting on the achievement, president of Fluor’s global energy and chemicals business, Mark Fields, said: “This significant milestone marks the completion of several critical utility systems to start up and advance the refinery into commercial operations with our ongoing support.

“Timely delivery of the new Al-Zour Refinery is critical to the Kuwait economy.”

Fields continued: “Our team worked closely with KIPIC to continue with about 15,000 workers on site to maintain progress throughout the COVID-19 pandemic.”

He added that the accomplishment was made possible through the FDH JV team’s “well-conceived health and safety strategy that was implemented with rigorous discipline”.

According to Fluor, several enabling facilities were completed and handed over, leading up to the achievement. This included the delivery of the central control room building and other associated buildings, fire water systems, communication system, and other refinery infrastructure.

COOEC Fluor Heavy Industries Co — Fluor’s joint venture fabrication yard in Zhuhai, China —delivered 188 modules with a combined weight of 65,000 metric tonnes to support the project’s large-scale, onshore modular execution strategy.

Speaking about the milestone, deputy CEO of KIPIC, Khaled Al-Awadhi, said: “Working together with the Fluor-led joint venture to achieve this important milestone for the ZOR Program is a true success – not only for KIPIC, but for the State of Kuwait – and will help bring energy self-sufficiency and further prosperity for all of us.”

In terms of health and safety achievement, the FDH JV has marked more than 154 million work hours on site. At peak, it employed more than 20,000 craft workers backed by joint venture team members spread across three continents.

Source:https://www.constructionweekonline.com/projects-and-tenders/267286-fluor-daewoo-hyundai-jv-start-up-boilers-at-kipics-al-zour-refinery

KUWAIT MANUFACTURING INDUSTRY SECTOR – GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2021 – 2026)

Small scale manufacturing plants in Kuwait produce petrochemicals, fertilizers, ammonia etc. The growth of the manufacturing sector in Kuwait has not been ideal, as it was hard hit firstly, by the Iraqi invasion and then, the recession. The contribution of the manufacturing sector towards the GDP of Kuwait has ranged between 5-6% for the past few years, though it is projected to reach USD XX billion by 2021 at a CAGR of XX%. Greater exposure to trade, competition in the sector and diversification are factors affecting the growth of this market.

Diversification Driving Manufacturing Sector Growth

Numerous initiatives are being taken by the government to promote the manufacturing sector, like the passing of the Kuwait Development Plan. It was approved for almost USD 120 billion and is expected to simulate Kuwait’s economy and help in developing the infrastructure. The government recently announced that it is increasing the budget for the manufacturing sector by nearly USD 1.7 billion per year.

New free trade zones are being built in Kuwait. This will increase the need for building products giving an automatic push to the construction material manufacturing industries. Availability of low-cost labor acts as an add-on to the success of the manufacturing sector.

Challenges

Land prices in Kuwait are elevated for industrial areas due to very high demand and low availability of resources. The news of more than 20 Kuwaiti factories deciding to relocate to Saudi Arabia because of the features and facilities it offers was also a major setback. Expensive electricity and energy, industrial production costs, unskilled labor, small market size and unavailability of resources are some of the major challenges faced by the manufacturing sector in Kuwait.

Opportunities

There are numerous opportunities in the construction material manufacturing industries in Kuwait. Apart from that foreign investors are being given a number of incentives which include a 10-year tax holiday and after that, a flat 15% tax for investing in Kuwait. Petrochemical is the biggest industry after oil and gas and offers great opportunities.

Key Deliverables in the Study

PESTLE Analysis (Overview): Macro market factors pertinent to this region.
Market Definition: Main as well as associated/ancillary components constituting the market.
Key Findings of the Study: Top headlines about market trends & numbers.
Market Dynamics:
Drivers: Key factors driving the growth of the market.
Restraints: Most relevant threats and restraints which hinder the growth of the market.
Opportunities: Sectors of high return or quick turnaround on investment.
Market Concentration: Porter’s Five Forces Analysis quantified by a comprehensive list of parameters.
Chain Analysis
Competition:
Market Share Analysis: Top players in the market (by value and volume).
Company Profiles: Pertinent details about leading, high growth, and innovation-motivated stakeholders with contact, operations, product/service offerings, financials, and strategies & insights.

Source:https://www.mordorintelligence.com/industry-reports/manufacturing-industry-in-kuwait-industry

QMIC appoints Colliers to $137mn Doha tower

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Qatar Industrial Manufacturing Company (QIMC) has appointed Colliers International as real estate advisory services consultant for Phase I of its proposed new $137mn (QR:498mn) headquarters, QIMC Towers on the Doha corniche.

Under the agreement, Colliers International will initially conduct market research, a design critique, feasibility study and provide recommendations to QIMC on the planned 58,000m2 QIMC Tower mixed-use development.

Abdulrahman AL-Ansari, CEO at QIMC said: “Our decision to appoint Colliers International highlights our commitment to transform our current headquarters into an iconic building that reflects the highest standards and
specifications. With over 18 years of experience advising some of the region’s most successful developments, Colliers International brings a unique mix of local and international expertise that we and our future tenants will benefit greatly from.”

Peter Bibby, Qatar country director at Colliers International, said: “QIMC Tower will become an iconic feature of the Doha skyline with its unique design while providing residents and visitors with premium residential, commercial and hospitality services. Colliers International will bring a world class approach to the development, management and subsequent leasing of the project, and we are confident that our proven expertise will play an integral role in its long term success.”

When complete, QIMC Tower will consist of three interlinked towers ranging from 23 storeys to 39 storeys overlooking the corniche in West Bay, Doha. The development will comprise residential and serviced apartments and offices.

Source:https://www.constructionweekonline.com/article-29642-qmic-appoints-colliers-to-137mn-doha-tower

QIMC inks agreement with Cheval for Qatar project

Cheval Residences is entering the Gulf market for the first time.

Qatar Industrial Manufacturing Company (QIMC) has announced signing an agreement with Cheval Residences for the opening of luxury serviced apartments in Doha, in 2020.

Abdul Rahman Al-Ansari, CEO of QIMC, said: “We are delighted to welcome Cheval to Qatar and to bring the Cheval brand to the Gulf for the first time. We selected Cheval for our prestigious development because of the company’s absolute commitment to quality, which we believe supports the Qatar Vision 2030 goal of attracting increasing numbers of discerning leisure and business travellers to our country.

“Cheval West Bay ApartHotel, Doha will be a superb new offering for both local and international guests.”

Mohammed S Almarzooqi, group managing director of Cheval Property Management Ltd and Cheval Residences Ltd, meanwhile, said: “We are delighted to confirm that Cheval West Bay ApartHotel, Doha will be a flagship development for us; our first property outside of London and a milestone in our company vision to build a strategic portfolio to suit the demands of our distinguished well-travelled guests.

“We are honoured to be working with QIMC and look forward to supporting the Qatari strategy of building business and leisure tourism.”

According to Qatar News Agency (QNA), Cheval West Bay ApartHotel will be developed on the Corniche waterfront, and is part of QIMC’s mixed-use development, Abraj Al Tahwiliya. The 350-key apartment project will feature open-plan studios, as well as one-, two-, and three-bedroom options.

Source:https://www.constructionweekonline.com/article-43980-qimc-inks-agreement-with-cheval-for-qatar-project

Jafar Sarqeini appointed new acting minister of industry, mining, trade

Sarqeini who was previously a deputy in the mentioned ministry replaced Modarres Khiabani who had been named the acting minister in May as President Rouhani fired Reza Rahmani.

“Due to Article 135 of the Constitution, and with regard to your valuable commitment and managerial background in the field of industry and trade, I hereby appoint you as acting minister of industry, mining, and trade,” Rouhani said in his decree.

Earlier this month, Iranian MPs rejected Modares Khiabani who was nominated by the government to be the new industry, mining, and trade minister.

After the voting, Parliament Speaker Mohammad Bagher Qhalibaf had asked Rouhani to name a new candidate as soon as possible in view of the “current economic condition”.

Source:https://www.tehrantimes.com/news/451285/Jafar-Sarqeini-appointed-new-acting-minister-of-industry-mining

4-month banana imports stand at $113.6m

Ruhollah Latifi named Ecuador, India, Philippines, Turkey, Russia, Vietnam, and the UAE, as the main exporters of banana to Iran during the four-month period, Mehr news agency reported.

Zahra Jalili-Moqaddam, director-general of Agriculture Ministry’s Tropical and Subtropical Fruit Bureau, said an average of 450,000 tons of bananas are imported into Iran every year while domestic production of the fruit stands at around 120,000 tons per annum.

According to the official, the domestic production capacity of bananas, as well as other tropical fruits, are higher than the current levels.

“The Agriculture Ministry is prepared to grant incentives, bank facilities, and subsidies to help farmers produce these fruits,” she said.

As previously reported, Iran has imported 11.793 million tons of non-oil products worth $10.922 billion during the first four months of the current year.

The country’s top five sources of imports during this period were China with $2.806 billion, the UAE with $2.479 billion, Turkey with $1.178 billion, India with $757 million, and Germany with $493 million worth of imports.

China accounted for over 25 percent of Iran’s total imports, followed by UAE, Turkey, India, and Germany with 23 percent, 11 percent, seven percent, and five percent, respectively.

Source:https://www.tehrantimes.com/news/451287/4-month-banana-imports-stand-at-113-6m