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Ducab’s big push into Saudi market
Ducab, a manufacturer of high-quality power cables in the Middle East, recently signed a Dh100 million ($27.2 million...
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Statistics
Gulf FDI flow soars, says reportThe Gulf Cooperation Council (GCC) states recorded substantial increases in both inward and outward Foreign Direct Investment (FDI) during...
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Bahrain an easy place for business
Bahrain ranks second after the UAE (Dubai) as the easiest place to do business in the GCC, according to a major survey of...
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Siemens launches Oman subsidiary
Siemens AG, the global electrical engineering and electronics company, inaugurated Siemens LLC, its new regional company for Oman formed as a joint venture with Waleed...
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DMCC tie-up with jewellery group
The Dubai Multi Comm-odities Centre (DMCC) and the Dubai Gold and Jewellery Group (DGJG) have signed an MoU aimed at giving an impetus to Dubai’s gold, diamonds and...
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Contract for Somec Sharaf
Somec Sharaf Middle East, a joint venture company of the UAE’s Sharaf Group and Italy’s Sossai Group, recently won a Dh20 million ($5.4 million) contract for the...
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ESR doubling regional presence
ESR Technology, one of the UK’s leading engineering consultancy organisations, has announced it has won a contract to supply specialist composite (GRP) pipework...
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Sales surge at Future Pipe Qatar
Future Pipe Industries, Qatar, which responded to an upsurge in construction activity in the country with a new plant, has announced strong sales during this year...
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Big increase in ZIIC profits
Net profits at Zamil Industrial Investment Company (ZIIC) for the first nine months of 2006 reached SR154.7 million ($41.3 million) after zakat contri-butions, a 76 per...
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Online courses for top management
Companies in the Middle East will now be able to offer their top management customised online graduate executive education programmes through an exclusive partnership...
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RAK Ceramics plans big expansion
RAK Ceramics, a global producer of ceramic tiles based in Ras Al Khaimah, is planning a Dh1 billion ($272 million) diversification and expansion programme...
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GE gas turbines for Qatar plant
General Electric’s (GE) Oil and Gas business has been contracted to supply three Frame 6B gas turbines that will provide approximately 120 MW of power for an LNG...
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Dubal announces production hikes
Following rising global demand for aluminium products, Dubai Aluminium (Dubal) has announced it will hike production in two stages, the first occurring by the end of this...
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Bechtel, Fichtner in smelter studies
Abu Dhabi Aluminium Company (Adac) has appointed US-based Bechtel and Germany’s Fichtner to carry out engineering studies for...
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Networking seminar held
The Dubai Department of Economic Development (DED), in coordination with the Gulf Organisation for Industrial Consulting (GOIC), Qatar, and the United Nations Industrial...
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Klein setting up service team for ME
Klein, a manufacturer of electromechanical equipment in sewage treatment plants, is establishing a service team for the Middle...
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Zamil Steel wins big PEB order
Zamil Steel has won a contract to manufacture Asia’s largest pre-engineered steel building (PEB) for Singapore’s new Aviation Exhibition Centre for a total value of SR22....
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Intel to invest $1bn in Vietnam
Intel Corp, the world’s largest chip maker, is to more than treble its investment in building two plants in Vietnam to $1 billion, sources said...
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Call for rules to regulate biofuels trade
A booming world trade in biofuels may be around the corner, a new report said calling the World Trade Organisation and others...
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China trade surplus to hit record $150 bn
China’s annual trade surplus is set to reach $150 billion this year, bursting past last year’s record $109.8 billion as the...
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New Hyundai steel plant
South Korea’s Hyundai Steel Company, a unit of Hyundai Motor Group, will build a 5.24-trillion-won ($5.52 billion) steel mill as it seeks to ensure stable steel supplies...
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Kamstrup opens Dubai office
Kamstrup of Denmark, the world’s largest producer of ultrasonic energy meters, recently established its regional office in Dubai...