News - Regional
March 2015

ALBA was upbeat following strong results it achieved in terms of sales and net income for 2014. Presenting its financial results, the company reported that net income reached $257 million, a 21 per cent surge over the previous year, and total sales were up10 per cent to reach BD821.7 million ($2.18 billion).






March 2015

SWISS cable specialist Reichle & De-Massari (R&M) has opened a new 1,500 sq m assembly and production facility in Modon Industrial City 2 in Riyadh. The company said in a statement it was a strategic move to significantly boost the delivery speed and flexibility of its fibre optic solutions in Saudi Arabia.






March 2015

PRODUCTION has begun at Al Bidda Switchgear, described as the largest facility in Qatar for electrical switchgear manufacturing, general sheet metal engineering and fabrication and coating services.






March 2015

GREATER fertiliser production and use will help Middle Eastern states meet the challenges of inadequate food output, an Arab official has said.






March 2015

QATAR Fertiliser Company (Qafco) has signed a six-year service contract with GE Oil and Gas’ Downstream Technology Solutions (DTS) business which will help Qafco optimise performance at its plant in Mesaieed, near Doha.






March 2015

KATCH Kan Holdings Ltd, a supplier to the oil and gas industry, has opened an office in Bahrain, its first outside Canada and the US.






March 2015

ASRY, the leading ship and rig repair yard in the Arabian Gulf, recently signed a key deal to boost its business – a ship repair block agreement with Kuwait Oil Tanker Company (KOTC), which will add to its revenues and raise its profile in the region’s ship repair industry.






March 2015

Mitsui and Company, a diversified global enterprise, has purchased a 25 per cent interest in Garmco Singapore, an aluminium service centre owned by Gulf Aluminium and Rolling Mill Company (Garmco) and Perse Metals.






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