ALBA has reported that its sales volume grew 2.3 per cent year on year in the third quarter of this year with output also showing an increase along with a rise in the proportion of value-added sales. The company said it was on target to reach its annual growth targets with Q3 sales amounting to 232,922 tonnes against 227,758 tonnes.
GE’s newly introduced 9EMax solution will help quickly deliver more power to the Middle East and North Africa (Mena), one of the world’s fastest-growing regions, at lower costs, GE announced.
LEADING food and beverage company PepsiCo has opened its first innovation facility in the Middle East at the Dubai Biotechnology and Research Park (DuBiotech), UAE. The facility will serve as a hub of new products and flavour innovations for PepsiCo’s businesses across the region, said a statement.
DUBAI Airport Free Zone Authority (Dafza)’s newly launched Wi-Fi service attracted much interest from visitors at the Gitex Technology Week in Dubai. Dafza is among the first free zones in the world to provide employees and customers with complimentary Wi-Fi connection speed of up to 1 Mbps.
MASDAR has taken a new initiative to encourage Emirati-led clean technology entrepreneurship. Towards this end, the Abu Dhabi renewable energy company signed a framework agreement with the Khalifa Fund for Enterprise Development.
ABU DHABI has allowed private property owners to generate their own electricity by installing photo-voltaic (PV) panels. The emirate has already granted a number of solar power generation licences to various test sites at institutions. A further 28 applications are being processed, mostly from schools under the Abu Dhabi Education Council.
AN ABU Dhabi-based private firm is leading a consortium to build Egypt’s first coal-fired power plant in the Suez area to meet the country’s acute power shortage, the chairman of the investing company said, according to Reuters.
Almarai Q3 profit up 13.4pc SAUDI Arabia’s Almarai, the Gulf’s largest dairy company, reported a 13.4 per cent increase in third-quarter net profit. It made a profit of SR539.4 million ($143.8 million) in the quarter, up from SR475.6 million in the year-earlier period.
THE Abraaj Group has acquired through its funds a majority stake in Liberty Star Consumer Holdings (Libstar), one of the largest unlisted food and personal care manufacturers in South Africa.
HAWKER Pacific, a leading aircraft sales and product support company in Asia, Pacific and the Middle East, has partnered with Aero Dynamix to create an additional Aero Dynamix international repair station in Dubai, UAE.
DRYDOCKS World has signed an agreement with Petrofac to build the BorWin3 high voltage direct current (HVDC) converter platform in the North Sea named BorWin gamma. When completed, this will provide an essential renewable offshore resource to meet increasing energy demands.
THE Saudi pharmaceutical sector reported strong performance, growing to $4 billion in 2013 from $3 billion in 2008, but challenges for the domestic sector remain, says a leading global consultancy. Roland Berger Strategy Consultants Middle East said the growth momentum would be maintained.