Saturday 30 July 2016
 
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Bahrain jobs blow as US FTA tariff clause expires

Hundreds of employees of garment factories in Bahrain have been laid off as a key clause in the US-Bahrain Free Trade Agreement (FTA) expires tomorrow, a report in the Gulf Daily News, our sister newspaper said. To read further, please visit

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Dubai Investments Park attracts 100 new firms

Dubai Investments Park (DIP), the largest integrated commercial, industrial and residential community in the Middle East, has announced that 100 new companies have either leased or sub-leased premises within the development in the last one year. With the new companies, the total

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BAS implements e-advance manifest service

Kale Logistics Solutions, a leading global IT provider to the airports, logistics and transportation sectors, has announced that Bahrain Airport Services (BAS) has gone live with electronic advance manifest filing using Kale’s Galaxy system. The advance manifest filing is i

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Unique Group completes acquisition of Singapore firm

Sharjah-based Unique Group, a leading integrated subsea and offshore solution provider, has completed the acquisition of Singapore-based Oceanvision and Oceanvision Equipment Services. Oceanvision will now be part of the Unique Group of Companies and is the third acquisition that

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Brown & Holmes eyes Gulf expansion

Brown & Holmes, one of the UK’s leading manufacturers of workholding solutions, jigs and fixtures and manual handling solutions, has announced plans for expansion in the Gulf and other key markets. Buoyed by the confidence of designing and manufacturing machinery and eq

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Sony logs 42pc plunge in Q1 operating profit

Japan's Sony Corp on Friday said operating profit fell in its first quarter by 42 per cent, less than analysts had estimated, as the electronics maker trimmed the impact of earthquake damage to one of its image sensor factories. Profit reached 56.2 billion yen ($542.7 million

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VW eyes higher 2016 car sales on China, Europe demand

Volkswagen this year expects to increase group vehicle sales slightly beyond the 9.93 million cars it delivered in 2015, sales chief Fred Kappler said. Strong demand in China, Volkswagen's (VW) largest market, and Western Europe may drive sales beyond last year's total, K

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Raytheon revenue tops estimates as smart bomb sales rise

Raytheon Co, the maker of Patriot missile systems, reported higher-than-expected quarterly revenue as sales of its Paveway smart bombs increased. The Waltham, Massachusetts-based company's shares rose 2.4 per cent to $138.60 in premarket trading on Thursday. Ra

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Muna Noor opens new centre in Salalah

Muna Noor, a leading plastic pipe manufacturer and one of Oman’s oldest companies, has opened the first of its new style Pipe and Valves Centres in Salalah, Oman. The new interior and exterior represents a number of initiatives for the company, through a bright and open env

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Sanofi sales and profit slide on US pricing

French drugmaker Sanofi's sales and profit fell in the second quarter despite double-digit growth at biotech arm Genzyme, as the diabetes division continued to come under sustained US pricing pressure. Business net income fell 3.3 per cent to €1.68 billion ($1.86 billion

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