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KFH-Bahrain creating industrial enclave
A new industrial enclave, which a bank is creating within a wider industrial park in Bahrain, has been welcomed by the national...
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Statistics
Higher growth for Saudi economySaudi Arabia expects economic growth in 2005 to clearly beat last year’s 5.2 per cent with particular strength coming from the private...
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Project Information
Cimac to set up technology centrProject Name: Technology centre Project Location: Dubai Techno Park...
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Saudi FDI in Egypt growing
Saudi-based industries are expected to contribute substantial foreign direct investment (FDI) to Egypt over the next several months, a senior Egyptian government official...
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Finland tops in competitiveness
Finland remains the most competitive economy in the world and tops the rankings for the third consecutive year in The Global Competitiveness Report 2005-2006, released by...
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Samsung in $33bn investment
Samsung Electronics, the world’s top memory chip maker, has unveiled a $33 billion investment plan to add eight fabrication and one R&D line to a semiconductor plant...
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Mittal to build $10bn plant in India
Mittal Steel, the world’s top steel maker, will build a 12-million-tonne steel plant in eastern India, a top government...
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Supersonic model tested
Japan has successfully tested a revolutionary design for a supersonic airliner to replace Concorde, three years after the first attempt ended in a fiery crash in the...
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Investcorp acquires Almatis
Bahrain-based Investcorp, the global investment group, has announced it signed an agreement to acquire Almatis Group, a world leader in the development and production of...
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Kipco MD wins Abana award
Faisal Al Ayyar, managing director and chief executive officer of Kuwait Projects Company (Kipco), was presented with the Arab Bankers Association of North America (Abana...
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Paper mill expanding
Abu Dhabi National Paper Mill will implement a $53 million expansion that will raise its capacity to more than 60,000 tonnes per year (tpy) from the current 25,000 tpy...
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Dubal in alumina output deal
Dubai Aluminium Company Ltd (Dubal), one of the world’s largest aluminium smelters, has said it signed a deal to buy 40 per cent of the output of an alumina plant to be...
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Natuzzi’s largest store opened
Renowned Italian furniture maker Natuzzi recently inaugurated its 2,200 sq m showroom in Dubai, the company’s largest standalone store in the world. ...
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Spotlight on contract manufacturing
The UAE’s pivotal role in the booming contract manufacturing industry was further strengthened by the success of the Private...
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Al Babtain busy with projects
With its new galvanising plant in Riyadh, Saudi Arabia, coming on stream recently, Al-Babtain has once again stamped its presence as a leading player in the manufacture...
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Proclad complex in Techno Park
Proclad Group International, a leading company in the oil & gas and petrochemical industry, has signed an agreement with Dubai Techno Park to set up a Dh400 million...
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Final preparations for Big 5
Final preparations are being made for the Big 5 show, which will be held in Dubai from November 16 to 20 and in which some 1,900 companies from 50 countries will showcase...
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DED brings out booklets
The Department of Economic Development (DED), Dubai, has brought out two booklets that contain substantial statistics and analytical information on industry, trade and...
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UAE biggest bottled water consumer
The UAE leads the world in per capita consumption of bottled drinking water with some 265 litres per year, the UAE Health...
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UAE water show set for opening
The Middle East’s premier water exhibition and associated events are set for an opening in mid-November...