Regional News
July 2014

RAS Al Khaimah Free Trade Zone has welcomed its newest tenant, a subsidiary of wooden pallets manufacturer PGS Group.






July 2014

ASRY, Bahrain’s ship and rig repair yard, has announced a road map that includes a series of projects that will serve as markers for Asry’s continued growth.






July 2014

EXPO 2020 is likely to create 277,000 jobs, said Mahmood Ahmed Al Bastaki, CEO of Dubai Trade, Dubai World.






July 2014

MAADEN, Saudi Arabia’s mining company, plans to excavate 500,000 ounces of gold across the kingdom and is considering introducing downstream operations in the Al Madina Al Munawarah region, its chief executive said recently.






July 2014

QATAR Petrochemical Company (Qapco) has launched its second annual sustainability report. 2013 was a landmark year for the company as in terms of performance the company improved in several areas including environmental efficiency, production, and community investment, Qapco noted.






July 2014

QATAR Petrochemical Company (Qapco) and Materia Inc have signed an MoU to study development of the next generation of materials from Qatar’s existing feedstocks to maximise value related to Qapco’s existing processes. Materia specialises in efficient feedstock utilisation and extraction of specific petrochemical and chemical compounds.






July 2014

ABU Dhabi-based Emirates Steel, a Senaat company, announced it has secured new credit facilities worth $1.3 billion (almost Dh5 billion) with 19 local and international banks without government guarantees.






July 2014

OMAN Drydock Company (ODC) says it has made a giant leap forward in its campaign to become one of the leading shipyards in the world for LNG repairs after it was formally awarded the coveted Gaztransport & Technigaz (GTT) licence at the Posidonia Shipping Trade Fair in Athens, Greece.






July 2014

A SOLAR enhanced oil recovery (EOR) pilot plant in Oman has completed its first year of operations exceeding all performance targets. The plant, located at the Amal oilfield operated by Petroleum Developent Oman (PDO) in southern Oman, uses the technology of US-based GlassPoint, a solar EOR partner of PDO.






July 2014

GULF Cryo has announced a significant investment through acquiring shares in Tyczka Air Austria, part of the Tyczka Group, becoming a minority partner.






July 2014

A GREEN Leadership Series event hosted by Tecom Investments’ EnPark had 150 delegates listening as panelists addressed the potential challenges that public-private partnerships, international investors and financial institutions can experience.






July 2014

Ducab secures plot in Kizad CABLE and wire solutions supplier Ducab has signed a 30-year agreement with Khalifa Industrial Zone Abu Dhabi (Kizad) which secures for Ducab Aluminium a 546,070 sq ft plot in Kizad’s aluminium cluster. Ducab Aluminium will set up a plant to produce aluminium rods and conductors for overhead transmission lines.






July 2014

ALUMINIUM Bahrain  (Alba) will continue to look forward and focus on future growth strategies, a statement issued by the chairman of the company’s board of directors, Sheikh Daij bin Salman Al Khalifa, says. “Alba remains committed to accelerating our efforts on Project Titan to ensure we remain cost competitive.






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