Thursday 30 March 2017

Bahrain's value of imports reach $883.2m in Feb

Bahrain’s value of imports reached nearly BD333 million ($883.2 million) in February this year, while the value of national origin exports reached BD177 million ($469.5 million). The top 10 countries accounted for 64 per cent of the imports value, according to the Foreign T


New industrial revolution 'helps sustainable growth'

The arrival of the new industrial revolution - or Industry 4.0 - promises considerable opportunities for inclusive and sustainable development for both manufacturers and governments, according to a new report. The report, titled “Delivering the Sustainable Development Goals


Strata inks MoU with Spanish supplier

Strata Manufacturing, an advanced composite aero-structures manufacturing company, and Aciturri Aeronáutica, a top supplier for aeronautic industry OEMs, have partnered to strengthen supply chain capabilities between Spain and the UAE. The Memorandum of Understanding (MoU)


Equate posts $679m net profit for 2016

Kuwait-based Equate Group, a global producer of petrochemicals, has announced a total net profit of $679 million for the fiscal year ending December 31, 2016. The Equate Group combines Equate Petrochemical Company, its subsidiaries, and The Kuwait Olefins Company (TKOC).


New trends to impact global automotive ecosystem

The megatrends of electric mobility, car sharing and autonomous driving are likely to impact on the global automotive ecosystem and future original equipment manufacturer (OEM) sales, according to a recent report. US-based Arthur D Little (ADL), an international management consul


Lanxess to increase pigments production capacity

Germany-based Lanxess, a specialty chemicals group, is expanding the capacity of its global production network to safeguard customer supply in the long term. In Krefeld-Uerdingen, site of the world’s largest synthetic iron oxide pigment plant, production capacities for red


AM General wins $28m contract from Iraq

US-based AM General, a leading designer, engineer, manufacturer of specialised vehicles for commercial and military customers, has been awarded a $28.19 million contract from the government of Iraq, said a report. The modification to foreign military sales (Iraq) contract is to p


ZonesCorp unveils plan for prefab units

ZonesCorp, a leading developer and operator of purpose-built industrial zones in the UAE, has unveiled a new development designed to support the growth of small and medium-sized enterprises (SME) in Abu Dhabi, UAE. The new zone being developed by ZonesCorp will feature 261 prefab


Dubai to host Maritime Standard Awards

The best in in the industry across the Middle East and the Indian Subcontinent from the shipping, ports and related maritime sectors will attend the Maritime Standard Awards (TMS Awards) 2017, which will take place later this year, in Dubai, UAE. The region's leading maritime


GOIC, Aramco in industrial development talks

A delegation from the Gulf Organization for Industrial Consulting (GOIC) recently held talks with Saudi Aramco on how to support industrial development in the Kingdom, tackling issues of localization of industrial products and services, with an emphasis in the field of energy projects

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