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Riyadh takes steps to facilitate investments
Saudi Arabia has announced steps to remove obstacles in the way of investments in the kingdom and improve generally the...
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Statistics
Bahrain economy set to grow 5pcBahrain’s economy is expected to grow by more than five per cent this year...
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Ras Al Zour initiative discussed
Riyadh has initiated efforts to industrialise the Ras Al Zour area in the central east coast of Saudi Arabia, one of the country’s less-developed areas and where a...
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Kingdom seeks $624bn investment
Saudi Arabia is seeking foreign investment to carry out a large number of projects worth $624 billion in vital sectors, according to Prince Turki Al Faisal, the kingdom’s...
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Loan deals for Qasco expansion
Qatar Steel Company (Qasco) has signed two major agreements with a 17-bank consortium to fund the expansion of its steel plant operations...
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Reynaers linked to several projects
Reynaers continues to be an important player in the regional construction market as evidenced by contracts it has been...
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Credit boost for non-oil exporters
Saudi Arabia’s non-oil industries received a strong boost with the announcement that Crown Prince Abdullah had approved a Saudi...
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ZIIC profits surge
Dammam-based Zamil Industrial Investment Company (ZIIC) has announced sustained growth in net profits of SR52.9 million ($14.1 million) for the first half of this year...
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Steel plant coming up at DIP
Oman Construction Material and Trading (OCM) group is setting up a world-class 180,000 tonnes per year (tpy) steel plant at Dubai Investment Park (DIP), the park...
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Ninth factory opened, 10th on way
RAK Ceramics has announced the opening of its ninth factory in the emirate of Ras Al Khaimah, built at a cost of Dh180 million ($49.01 million...
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Napco’s profits decline
Notwithstanding higher production, a higher sales turnover and stronger exports, Oman’s National Aluminium Products Company (Napco) saw net profits plunge during 2004...
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NDC hopes for better sales
Oman’s National Detergent Company (NDC) has revamped its distribution arrangements in Bahrain and Saudi Arabia with a view to increasing sales in the two kingdoms...
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Financing for Taweelah B completed
The $2.18-billion financing of the Taweelah B Independent Water and Power Project (IWPP) has reached closure...
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UAE official named lead
Dr Mansoor Al Awar, vice president, eTQM College, Dubai, has been named lead assessor by the European Foundation for Quality Management (EFQM), after successfully...
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Partnership formed for Egypt ventures
Three corporations have come together to set up a firm that will concentrate on investing in private ventures in Egypt...
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Bafco furniture for DIFC
Bafco recently installed its newly designed Plan-it range of panel-based operative furniture in the offices of the Dubai International Financial Centre (DIFC...
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Cairo launching Investment Masterplan
Egypt will launch its Investment Masterplan along with major new tenders for infrastructure and other projects at Egypt Invest...
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Importance of CSR stressed
Corporate Social Responsibility (CSR), the concept of fair and ethical business conduct, needs to be at the heart of business policy in the developing healthcare sector...
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Jotun launches ‘Professional’s Network’
Jotun Paints has launched what it describes as the region’s first online “Professional’s Network...
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Mittal to cut output as demand drops
Mittal Steel will cut its global steel production by 1 million tonnes in the third quarter to compensate for lower demand, the...
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China revalues yuan, drops dollar peg
China finally bowed to two years of political and market pressure by revaluing the yuan by 2.1 per cent and leaving the door...
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Fujitsu develops bendable colour e-paper
Three Fujitsu companies have jointly developed the world’s first film substrate-based bendable colour electronic paper with an...
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China set for massive trade surplus
China could generate a record trade surplus of more than $70 billion this year, rising from last year’s $32 billion and...
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$10bn N-fusion reactor
France will be the site of the world’s first large-scale, sustainable nuclear fusion reactor, an estimated $10-billion project that many scientists see as crucial to...
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Canon to build $734m plant
Canon, the world’s top maker of copiers and laser printers, said it would invest 80 billion yen ($734 million) on a new factory in southwestern Japan to boost output of...
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Project Information
New plant for Yansab complexProject Name: Ethylene glycol plant Project Location: Yansab Complex, Yanbu Industrial City Client: SABIC...