Saturday 5 September 2015

Boeing opens commercial spaceship plant

Boeing  took the wraps off an assembly plant on Friday for its first line of commercial spaceships, which NASA plans to use to fly crews to the International Space Station, officials said. "This is a point in history that reflects a new era in human spaceflight," B


Emerson opens new factory in Saudi

Emerson Climate Technologies has opened a new facility at the Second Industrial Zone of the Saudi Industrial Property Authority (Modon) in Dammam, Saudi Arabia, according to a report.   The 3,000-sq-m facility has been fully equipped to produce and assemble vari


GCC fertiliser industry more than doubles in 10 years

With a production capacity of 40.9 million tonnes, the Gulf Cooperation Council’s (GCC) fertiliser capacity has grown by 102 per cent since 2004, according to the Gulf Petrochemicals and Chemicals Association (GPCA).   Dr Abdulwahab Al-Sadoun, secretary ge


Al-Khonji wins 'Social Entrepreneur of the Year Oman’ award

Omani entrepreneur Qais Al-Khonji has been named ‘Social Entrepreneur of the Year Oman’ by Business Worldwide Magazine, a leading global publication. A popular figure amongst Omani's business and political elite, Al-Khonji is known for his lobbying of government o


Toshiba to post annual net loss of about $83m

Japan's Toshiba Corp is likely to post a net loss of about 10 billion yen ($83 million) when it reports its financial 2014/15 earnings as early as this week, the Yomiuri daily reported, amid a probe into improper accounting at the company. Toshiba was already expected to repo


US auto sales stronger than expected in August

The US auto industry powered ahead in August, topping sales estimates and shrugging off gyrating stock markets as consumers continued to show their penchant for pickup trucks and SUVs. US auto sales were the strongest in any month since July 2005. The annualised selling rate in A


UAE, Saudi record sharp growth in non-oil business

Business activity growth in the UAE’s non-oil private sector accelerated in August to a six-month high, while the same in Saudi Arabia rose to a five-month high during the month, buoyed by the impact of increasing oil production, a survey of businesses showed on Thursday. U


Saudi, US near deal for two Lockheed warships

Saudi Arabia is in advanced discussions with the US government about buying two frigates based on a coastal warship that Lockheed Martin Corp is building for the US Navy, and could reach agreement by the end of the year, according to sources familiar with the talks. The frigate s


Gulf Petrochem appoints new bunker trader

Gulf Petrochem Group (GP) has appointed Deepak Dharwal as bunker trader, further bolstering its bunker trading team in the UAE. He joins a well-established team of bunker traders and will be focussed on GP’s Middle East bunkering operations in Fujairah, Khor Fakkan and Jebe


Sadara, E A Juffali sign BTG supply deal

Sadara Chemical Company and E A Juffali & Brothers have signed a second supply agreement for Butyl Tri-Glycol ether (BTG), following the successful execution of an methylene diphenyl diisocyanate (MDI) supply deal in July.   With this new agreement, Sadara will supply BTG

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