Thursday 5 May 2016
 
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Global air freight volumes weakest in March

The global air freight volumes fell by two per cent year-on-year in March compared to the same period last year putting increased pressure on already struggling yields, according to The International Air Transport Association (IATA). The annual decline in volumes was driven overw

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Karcher to showcase products at Automechanika

Karcher, a world leader in innovative cleaning technology solutions, will participate and showcase a variety of solutions tailor-made for the automotive industry at Automechanika 2016, to be held next week in Dubai, UAE. The trade show and exhibition, now in its 14th edition, is

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Iran says five countries bidding for its copper deposit

Five countries are participating in a tender for rights to develop a copper deposit in Iran, Iranian Industry Minister Mohammad Reza Nematzadeh told journalists on Wednesday. Nematzadeh gave no further details. He said China and other countries were interested in working in Iran&

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E-marine wins major cable maintenance contract

E-marine, a principal provider of submarine cable solutions in the Middle East, has secured a major maintenance contract for the Bay of Bengal Gateway. The Bay of Bengal Gateway links five countries, Oman, UAE, India (Mumbai and Chennai), Sri Lanka and Malaysia, said a statement

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BASF opens new office in Abu Dhabi

BASF, a leading chemical company, has inaugurated its new branch office in Abu Dhabi, UAE, while extending its cooperation with the Kanoo Group, one of the largest independent, family-owned companies in the Gulf region. The new office is located centrally in Abu Dhabi city, at th

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Saudi Arabia, Sudan to explore for Red Sea minerals

Sudan and Saudi Arabia have agreed to start exploring for mineral resources, including silver and gold, in the Red Sea by 2020, Sudanese Minister of Minerals Ahmed Sadiq Al-Karouri said on Wednesday. The two Arab countries, which are on opposite sides of the Red Sea, have been co

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CTS Engines wins award from Boeing

CTS Engines, a global leader for mature engine maintenance services, said that it recently received an award from Boeing for its CF6 engine overhaul support of the US Air Force’s E-4B fleet. CTS engines was named the 2015 Boeing “Supplier of the Year” in the sup

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Gulf petchem producers ‘must add value’

Gulf petrochemical producers must push and challenge the thinking processes in the industry and show how there can be value generation in the supply chain, a senior Equate official said at an event. Kuwait-based Equate Petrochemical Company’s president and CEO Mohammad Husa

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Abraaj exits Tunisia's Unimed via IPO

The Abraaj Group, a leading investor operating in global growth markets, has exited its investment in leading Tunisian pharmaceutical company Unité de fabrication de médicaments (Unimed) through an initial public offering (IPO) on the Tunis Stock Exchange. The Abraa

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Sabic showcases achievements in sustainability report

Saudi Basic Industries Corporation (Sabic) has released a sustainability report which features its sustainability achievements throughout the world and highlights how the company is setting the standards for innovation and sustainable development in the chemical industry. The Sab

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