Regional News
December 2014

ALBA reported strong financial results for the third quarter, helping boost the turnover for the first nine months of the year. Sales for Q3 were $593 million (BD223.2 million) compared with $488 million (BD 183.3 million) for the same period in 2013. Sales for the first three quarters totalled $1.6 billion against $1.






December 2014

RAK Ceramics, one of the world’s biggest makers of floor and wall tiles, will likely see benefits to its fourth-quarter earnings onwards after it exits some of its non-core businesses, its chief executive said, according to Reuters. Abdallah Massaad was speaking after the firm reported an 18.






December 2014

SINGAPORE-based Petroleum Specialties Pte Ltd (PSPL), a fully-owned subsidiary of Apar Industries Limited, has announced it will set up a manufacturing unit at Hamriyah Free Zone.






December 2014

ASRY, the leading ship and rig repair yard in the Arabian Gulf, has hailed a deal it signed with the Organisation of Islamic Ship Owners’ Association (OISA) saying it would boost business particularly in rig repairs and shipbuilding.






December 2014

TWENTY-six companies have registered at the Sohar Freezone and with more deals being discussed the enclave plans to make available an area of about 5 million sq m to investors, adding to the current belt of 45 million sq m, said a senior official.






December 2014

Investcorp buys Dainese BAHRAIN-based Investcorp has acquired Italian protective clothing maker Dainese for an enterprise value of 130 million euros ($163 million), the alternative investment firm said in a statement. Investcorp bought the company from founder Lino Dainese, who will keep a minority stake in the business he set up in 1972.






Tags