Latest news with #ICAD
Khaleej Times
20-05-2025
- Business
- Khaleej Times
AquaChemie acquires global chemical company in Abu Dhabi
AquaChemie on Tuesday announced its strategic acquisition of Global Chemical Company L.L.C., a premier chemical manufacturing facility located in ICAD, Abu Dhabi. With a total investment of over Dh100 million, this move marks a transformative step for AquaChemie and strengthening the UAE's position as a regional hub for industrial innovation. Announced during the Make it in the Emirates 2025 event in Abu Dhabi, the acquisition directly supports the national strategy to increase industrial resilience, boost advanced manufacturing, and attract international investment into the country's growing industrial ecosystem. The 26,000-square-meter facility — established in 2009 and previously owned by AlMansoori Specialized Engineering — is home to the only in-situ SO₃ manufacturing and sulphonation plant of its kind across the Middle East, Africa, and Europe. It also houses a state-of-the-art, multi-product liquid synthesis and blending plant, offering exceptional flexibility to produce a wide range of specialty chemical formulations. With this acquisition, AquaChemie enters the manufacturing domain with enhanced capabilities to produce critical upstream oil and gas chemicals — including sodium asphalt sulphonate, corrosion inhibitors, demulsifiers, biocides, surfactants, and hydrogen sulfide scavengers and various other specialty chemicals. These are typically imported or manufactured overseas, leading to supply chain delays and increased costs. 'This acquisition is a game-changer — not just for AquaChemie, but for the UAE's chemicals and oilfield services sectors,' said V Anandkumar, CEO & Managing Director, AquaChemie. 'We are now positioned to offer global expertise with local execution. By localizing R&D and production, we can respond faster to our customers' needs, provide tailor-made chemical solutions, and significantly reduce turnaround times.' The acquisition also lays the foundation for establishing a first-of-its-kind Regional R&D Center dedicated to upstream oil and gas chemicals as well as paints and coatings. This center will focus on developing innovative chemistries, conducting rigorous product performance testing, and scaling up customized solutions tailored to the unique needs of Gulf-based clients. 'Our long-term vision is to become the go-to partner for solving complex problems in the upstream oil and gas sector through our integrated R&D and manufacturing capabilities,' added Anandkumar. 'Most companies in this space still rely on R&D and manufacturing overseas. AquaChemie will be the first in the region to bring these capabilities together under one roof, helping customers like ADNOC, ARAMCO, Qatar Energy, PDO and others get the rapid and specialized support they need locally.' Being located in Abu Dhabi also puts AquaChemie in close proximity to major energy operators across the GCC. This strategic advantage allows the company to offer quicker, more cost-efficient solutions while minimizing the carbon footprint of transporting specialty chemicals from abroad. In addition, AquaChemie aims to encourage many of its multinational partners to begin producing within the Emirates, supporting job creation, technology transfer, and economic diversification. 'This move is not only about growth — it's about making the UAE more self-reliant, fostering industrial know-how, and building long-term resilience,' said Ms. Shobitha Anand, Executive Director of AquaChemie.
Hindustan Times
14-05-2025
- General
- Hindustan Times
CBSE 10th Results 2025: Meet Shaankari Kishor Jadhav, the girl who scored a perfect 500/500 in her best five subjects
For 15-year-old Shaankari Kishor Jadhav, who scored a perfect 100 in her best five subjects in the CBSE Class 10 board exams, the journey to success was anything but ordinary. Behind this young student's calm, focused exterior lies a story of immense grit, personal loss, and sheer determination. 'It felt unbelievable,' Shaankari recalls, describing the moment she saw her results. '100 is a lot. To get full marks in five subjects—it was crazy.' A student of DPS MIHAN, Nagpur, Shaankari doesn't claim to have a magic formula. 'There's no shortcut. It's just hard work,' she says. 'That's the most cliché advice ever, but it's also what works best.' Unlike many top scorers who swear by rigid schedules and time blocks, Shaankari had no fixed study routine. 'It depended on how I was feeling. I studied based on my priorities, not the clock.' Math was both her biggest challenge and her favourite subject. 'It's a love-hate relationship,' she laughs. 'I had tuition, but mostly to get my concepts and doubts cleared.' Her approach to theoretical subjects was straightforward: understand, then write in your own words. 'If your language is good and you understand the concept, theory becomes much easier,' she advises. 'For Math, it's all about practice.' Despite being active on social media platforms like Instagram and YouTube, Shaankari steered clear of using them for academics. 'I never used digital platforms for studying,' she says. Much of her success, she says, is thanks to the people around her—especially her mother, Renuka Jadhav, who owns and runs an environmental lab that conducts analysis of water, air, soil etc. 'She never missed a single day of taking me to tuition, even if she was tired,' Shaankari says. 'My teachers were always available for doubts—I used to ask a lot!' But her journey was marked by a profound personal tragedy. Last year, Shaankari lost her father, Kishor Jadhav, to a sudden heart attack. 'I was just returning from tuition when we got the call. It felt unreal,' she says. 'You read about such things in the news, but never expect them to happen to you.' She took time to recover but eventually found her footing again. 'You have to manage yourself. That's how I got through it.' Looking ahead, Shaankari has chosen the science stream with plans to prepare for engineering entrance exams. She is continuing her coaching with ICAD and aims to appear for JEE. 'My plans aren't very clear yet. I just know I want to do PCM.' To those preparing for their board exams, her message is simple: don't chase perfection in everything, focus on what matters. 'Prioritise, work on your concepts, and don't just memorise the textbooks. NCERT books are gold—use them well.' Though she modestly admits she isn't the best at time management, Shaankari believes consistency trumps last-minute cramming. When not studying, she enjoys drawing and listening to music—mostly English songs, depending on her mood. Ask her who inspired her the most, and she says: 'I didn't have one. I just wanted to do well. That was enough for me.' Her journey, she says, can be summed up in one sentence: 'Full of hard work, full of setbacks—but I eventually made it through.'
Yahoo
13-05-2025
- Business
- Yahoo
Icad: Q1 Earnings Snapshot
NASHUA, N.H. (AP) — NASHUA, N.H. (AP) — Icad inc. (ICAD) on Tuesday reported a loss of $833,000 in its first quarter. The Nashua, New Hampshire-based company said it had a loss of 3 cents per share. Losses, adjusted for costs related to mergers and acquisitions, were 2 cents per share. The imaging and early cancer detection company posted revenue of $4.9 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ICAD at Sign in to access your portfolio
Gulf Today
03-04-2025
- Business
- Gulf Today
Meet discusses ways to organise trading of petroleum products
The Abu Dhabi Petroleum Products Trading Regulatory Committee (TRC) convened its first meeting of 2025, headed by Dr Saif Saeed Al Qubaisi, Acting Director-General of Regulatory Affairs at the Department of Energy, and attended by representatives from 21 federal and local government entities. The meeting's agenda featured discussions on various subjects and included presentations concerning the ongoing efforts to organise the trading of petroleum products within the emirate. Agreement was reached on the execution and monitoring of several recommendations and findings, consistent with the relevant legislation governing the regulation of petroleum products trading, namely Federal Law No. (14) of 2017, its executive regulations as per Cabinet Resolution No. (35) of 2019, and Law No. (5) of 2023 pertaining to the regulation of these activities in Abu Dhabi. The meeting commenced with Adnoc Distribution providing a summary of the beneficial effects of enforcing the petroleum products trading regulation decision, highlighting the role of the Department of Energy and the Abu Dhabi Petroleum Products Trading Regulatory Committee in shrinking the grey market and mitigating malpractices. The Committee emphasised the need to step up efforts to encourage the procurement of diesel fuel from approved national firms in the country. Concurrently, work should focus on guiding all users of petroleum products, across both public and private sectors, to collaborate with national companies in formalising supply agreements for petroleum products that meet certified standards. The objective is to guarantee adherence and the implementation of safety standards consistent with enacted legislations. Additionally, Adnoc Distribution presented a plan designed to encourage the adoption of advanced gas cylinders. The presentation detailed the benefits and technical characteristics of these cylinders in contrast to the conventional steel cylinders presently utilised in residential, commercial, and industrial settings, especially facilities lacking centralised LPG supply systems. This move is poised to significantly improve public safety. Abu Dhabi Ports also provided a comprehensive elaboration on a proposed project for the construction of gas cylinder storage facilities within Abu Dhabi's ICAD 2 zone, designed to guarantee adherence to safety and environmental criteria. Meanwhile, the Ministry of Energy and Infrastructure outlined its initiatives, undertaken in coordination with relevant entities, to set procedures, requirements, and regulatory structures allowing companies to import petroleum products into the UAE markets. Currently, the Ministry is implementing controls and requirements for the import of 98 petroleum materials and intends to expand this list to 211 regulated petroleum products over the course of the current year. The Department of Energy's Petroleum Products Regulatory Affairs Sector team reviewed the latest developments in their ongoing work, which involves consistent coordination with all federal and local entities and electronic integration, with the goal of accelerating the regulatory process for obtaining petroleum product trading licenses through the DoE's Unified Platform. Concluding the session, attendees were briefed on the accomplishments and initiatives of the Permits Working Group, followed by a presentation from the Inspection and Enforcement Group outlining the violations identified. The Committee directed recommendations designed to reduce such malpractices via awareness campaigns, site visits, and inspection initiatives, ensuring adherence to regulations and the implementation of safety standards consistent with enacted laws. The Committee emphasised the need for coordination between concerned government entities to initiate inspection and oversight campaigns against unlawful activities involving the trade of petroleum products non-compliant with certified local standards. In December last year, the Abu Dhabi Petroleum Products Trading Regulatory Committee, under the leadership of the Abu Dhabi Department of Energy (DoE), has issued its inaugural permit for petroleum product trading in the Emirate of Abu Dhabi. This achievement aligns with the provisions of Law No.5 of 2023, Federal Law No.14 of 2017 and its executive regulations, as well as relevant ministerial resolutions. It reflects Abu Dhabi's commitment to regulating the sector in line with the best practices and standards paving the way for a robust and comprehensive legal and regulatory framework to govern petroleum product trading. Dr Saif Saeed Al Qubaisi said, 'This permit is particularly significant as it is the first trading permit since the activation of the petroleum products sector in Abu Dhabi. Its issuance underscores the DoE's steadfast commitment to advancing a sustainable and efficient energy sector in the Emirate.' WAM
Al Etihad
03-04-2025
- Business
- Al Etihad
Abu Dhabi Petroleum Products Trading Regulatory Committee convenes first 2025 meeting
3 Apr 2025 17:46 ABU DHABI (WAM) The Abu Dhabi Petroleum Products Trading Regulatory Committee (TRC) convened its first meeting of 2025, headed by Dr. Saif Saeed Al Qubaisi, Acting Director-General of Regulatory Affairs at the Department of Energy, and attended by representatives from 21 federal and local government meeting's agenda featured discussions on various subjects and included presentations concerning the ongoing efforts to organise the trading of petroleum products within the was reached on the execution and monitoring of several recommendations and findings, consistent with the relevant legislation governing the regulation of petroleum products trading, namely Federal Law No. (14) of 2017, its executive regulations as per Cabinet Resolution No. (35) of 2019, and Law No. (5) of 2023 pertaining to the regulation of these activities in Abu meeting commenced with ADNOC Distribution providing a summary of the beneficial effects of enforcing the petroleum products trading regulation decision, highlighting the role of the Department of Energy and the Abu Dhabi Petroleum Products Trading Regulatory Committee in shrinking the grey market and mitigating Committee emphasised the need to step up efforts to encourage the procurement of diesel fuel from approved national firms in the country. Concurrently, work should focus on guiding all users of petroleum products, across both public and private sectors, to collaborate with national companies in formalising supply agreements for petroleum products that meet certified standards. The objective is to guarantee adherence and the implementation of safety standards consistent with enacted ADNOC Distribution presented a plan designed to encourage the adoption of advanced gas cylinders. The presentation detailed the benefits and technical characteristics of these cylinders in contrast to the conventional steel cylinders presently utilised in residential, commercial, and industrial settings, especially facilities lacking centralised LPG supply systems. This move is poised to significantly improve public Dhabi Ports also provided a comprehensive elaboration on a proposed project for the construction of gas cylinder storage facilities within Abu Dhabi's ICAD 2 zone, designed to guarantee adherence to safety and environmental the Ministry of Energy and Infrastructure outlined its initiatives, undertaken in coordination with relevant entities, to set procedures, requirements, and regulatory structures allowing companies to import petroleum products into the UAE markets. Currently, the Ministry is implementing controls and requirements for the import of 98 petroleum materials and intends to expand this list to 211 regulated petroleum products over the course of the current Department of Energy's Petroleum Products Regulatory Affairs Sector team reviewed the latest developments in their ongoing work, which involves consistent coordination with all federal and local entities and electronic integration, with the goal of accelerating the regulatory process for obtaining petroleum product trading licenses through the DoE's Unified the session, attendees were briefed on the accomplishments and initiatives of the Permits Working Group, followed by a presentation from the Inspection and Enforcement Group outlining the violations Committee directed recommendations designed to reduce such malpractices via awareness campaigns, site visits, and inspection initiatives, ensuring adherence to regulations and the implementation of safety standards consistent with enacted laws. The Committee emphasised the need for coordination between concerned government entities to initiate inspection and oversight campaigns against unlawful activities involving the trade of petroleum products non-compliant with certified local standards.
