News - Regional
September 2015

Alba reported a surge in net income for the first half on the back of stronger sales despite what the company said were headwinds. Profit for the January to June period were BD66.9 million ($178 million) against BD32.3 million in the same period of 2014, up 107 per cent, while sales climbed 8 per cent to reach BD405.






September 2015

Bahrain-based Asry, a leading ship and rig repair yard, is targeting more business in Saudi Arabia, which contributed about 40 per cent of its total sales last year, the company’s top official has said.






September 2015

E A Juffali & Brothers, a privately owned Saudi company, is set to play a key role in developing products and services downstream to the giant Sadara Chemical Company complex.






September 2015

As many as 436 companies became tenants of Dubai Investments Park (DIP) in the first five months of this year, the park reported. DIP, a wholly owned entity of Dubai Investments (DI), is described as a self-contained, mixed-use master community offering a mix of residential, commercial and industrial zones .






September 2015

ABB, the power and automation technology group, has won orders worth around $150 million from the Saudi Electricity Company (SEC) to expand five existing substations, helping to ready the country’s transmission system for a 50 per cent expansion of power generation capacity to accommodate a growing economy.






September 2015

DI net profit $137.6m DUBAI Investments (DI) announced a first-half net profit of Dh506 million ($137.6 million) compared with Dh806 million for the same period last year. Total assets as on June 30, 2015 rose to Dh14.77 billion, net worth increased to Dh10.14 billion and the annualised return was 10 per cent.






September 2015

Vale Oman, a major supplier of direct reduction iron ore pellets to steel mills in the Middle East and other parts of Asia, has achieved a record production of 2.41 million tonnes in the second quarter of this year. The plant’s Q2 production surged 27.7 per cent over the previous quarter’s figure of 1.89 million tonnes and 17.






September 2015

Oman has identified 15 sites it considers suitable for setting up wind power stations.






September 2015

Higher sales and improved margins have helped food and beverage group Agthia register a substantial increase in net profit for the first half of the year.






September 2015

Saudi Arabia's oilfield chemicals markets is set to exceed $960 million by 2020, a research report says.






September 2015

Emirates District Cooling LLC (Emicool), a leading district cooling service provider in the region and a joint venture of Dubai Investments PJSC and Union Properties, is planning to increase its plant capacity to 500,000 tonnes of refrigeration (TR) by 2020 as rampant construction is leading to pent-up demand for district cooling services across th






Tags