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Etihad Cargo posts record freight in Q4Etihad Cargo, part of UAE flag carrier Etihad Airways, moved 49,700 tons of cargo around the world in November, the most it has ever carried in one month, and up 52 per cent on the same period last year. This surpassed the previous month of October, where cargo carried totalled 4 More… |
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Dabbagh plans stake sale in lubricants armSaudi Arabia's Dabbagh Group is planning to sell a 19 percent stake in its lubricants business Petromin ahead of a potential public offering of the unit in 2015, banking sources aware of the matter said on Monday. Proceeds from the stake sale will be used by family-owned Dabb More… |
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Saudi Alkhabeer buys key stake in UAE packaging firmJeddah-based Alkhabeer Capital, a leading investment & asset management firm, has acquired a majority shareholding in UAE’s Express Publishing and Investment Limited (EPIL). Alkhabeer, in which conglomerate Saudi Binladin Group is a top shareholder, did not disclose fin More… |
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Drydocks World creates history in heavy liftsDubai's ship building unit Drydocks World said it has created history in marine and offshore operations by lifting 10,000 tonnes to a height of 52.8 metres from the dock bottom. A marvel of onshore engineering and production operations, this feat was achieved when Drydocks Wo More… |
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Pentair to set up manufacturing unit in SaudiPentair, a leading industrial company providing advanced solutions in energy, food and water, has joined hands with Saudi-based Ali Abdullah Al Tamimi Company to set up a manufacturing and service facility in Dammam. The announcement reflects Pentair’s strategic investment More… |
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Alba supports major energy summitAluminium Bahrain (Alba) has registered for the Platinum Sponsorship of BD 7,500 ($19,800) for an upcoming energy management conference in the kingdom. Under the patronage of Shaikh Ahmed bin Mohammed Al Khalifa, Minister of Finance, Minister in charge of Oil & Gas Affairs, B More… |
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Polysys Additive breaks ground in KizadKhalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports Company (ADPC), and Polysys Additive Technologies Middle East (PAT ME) have laid the foundation for a polymer stabilizers manufacturing plant. The plant will be located in the industrial zone within the de More… |
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Qatar non-hydrocarbon economy on the riseQatar’s non-hydrocarbon sector could worth more than half of the country's GDP by 2015, said top economists leading up to a major financial conference in Doha next week. In 2012, Qatar's GDP was $192 billion, with the hydrocarbon (oil and gas) sector accounting for More… |
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ADPC to take over UAE port operationsAbu Dhabi Ports Company (ADPC) will take over the management and operations at Mina Zayed port (which is being rebranded as Zayed Port) on January 1, 2014 from Abu Dhabi Terminals (ADT). ADPC, a master developer and regulator of ports and industrial zones in the UAE capital, is a More… |
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Carlyle readies $3bn sale of chemical firmCarlyle Group is preparing an initial public offering or a sale of PQ Corp that could value the specialty chemical company at up to $3 billion, including debt, people familiar with the matter said on Friday. The private equity firm, which bought PQ for $1.5 billion in 2007, plans More… |
