Regional News
May 2014

ALUMINIUM Bahrain (Alba) kick started 2014 on a solid note with sales figures for the first quarter rising 3.1 per cent year-on-year (YoY) to 226,472  tonnes while output was up by 2.1 per cent to reach 232,298 tonnes ahead of the company’s own forecast for the period.






May 2014

THE Emirates Institution for Advanced Science and Technology (EIAST) has announced that DubaiSat-2’s in-orbit commissioning is complete and the satellite is now fully operational. The satellite went through the Launch and Early Operations Phase (LEOP) starting last November 21, 2013.






May 2014

FDI investment in the UAE reached $12 billion in 2013 and is projected to grow 20 per cent in 2014 to reach $14.






May 2014

US-based Interactive Intelligence Group Inc, a global provider of software and services designed to improve the customer experience, has signed Awal IT Services, a subsidiary of Saudi Telecom Company (STC), as an Elite partner.






May 2014

Almarai Q1 profit up 7.3pc SAUDI Arabia’s Almarai has said its first-quarter profit rose 7.3 per cent, missing analysts’ estimates despite higher sales and a one-off gain from an acquisition. Almarai made a net profit of SR273.6 million ($73 million) in the three months to March 31, up from SR255.






May 2014

SIEMENS Energy has received an order to supply six gas turbines, three steam turbines and nine generators for Rabigh 2 IPP combined-cycle power plant in Saudi Arabia.






May 2014

AN innovative interactive recycling bin is under design at the Masdar Institute of Science and Technology, a research-driven graduate-level university focused on advanced energy and sustainable technologies.






May 2014

THE Higher Corporation for Specialised Economic Zones, known as ZonesCorp, has signed several agreements for new plants and expansions.






May 2014

CONARES, a UAE manufacturer of downstream steel products in the region, has received Sustainable Constructional Steel Certification by the UK Certification Authority for Reinforcing Steels (Cares) for its rebar manufacturing division.






May 2014

TOP petrochemical company Sabic has received the 2014 GCC-CSR Award for being the best performing corporate social responsibility company in the Gulf region. The honour reflected the company’s long experience in community service and its commitment to conducting business ethically, a statement accompanying the award announcement said.






May 2014

DUBAI Electricity and Water Authority (Dewa) has signed two MoUs with Korea Electric Power Corporation (Kepco) and the Korean Association of Machinery Industry (KOAMU), during the second day of the 16th Water, Energy, Technology and Environment Exhibition (Wetex) and Green Week.






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