 |
Tata Steel rules out EU assets saleIndia's Tata Steel Limited said it expected to take no further charges in Europe and has put no European assets up for sale, following a $1.6 billion writedown for the region in the past financial year due to weak demand. The company reported its third straight quarterly loss More… |
 |
Egyptian firm Maridive inks $150m Islamic loanEgyptian marine services firm Maridive and Oil Services has obtained a $150 million syndicated loan using an ijara (Islamic leasing) structure, the first of its kind in Egypt, said the legal advisor on the deal. The Maridive loan is considered one of the largest in the country More… |
 |
GPIC marks work safety milestoneGulf Petrochemical Industries Company (GPIC) celebrated achieving more than 15 million working hours free of work accidents among both its employees and contractors. The event was held in the presence of deputy chairman Yousif bin Abdul Rahman Al Zamil, managing director Anwar Sa More… |
 |
Sabic opens new facilities in JubailSaudi Basic Industries Corporation (Sabic) has opened its first engineering thermoplastics facility as well as a new polypropylene compounding (PPc) plant in Jubail. The plants are at its manufacturing affiliate Saudi Specialty Chemicals Compan More… |
 |
Asry plans multimillion dollar floating dockBahrain-based Arab Shipbuilding and Repair Yard (Asry) plans to set up another floating dock entailing a multimillion dolalr investment, the company's chief executive said. "Over the next five years, not only will we look at upgrading and expanding existing facilities, b More… |
 |
TNT unveils new communication unit in OmanTNT Express in Oman has launched its new 'Mobile Worker' communication unit in the Sultanate which enables drivers to send and receive delivery information in real-time through hand-held scanners in Muscat. A leading express service provider company, TNT Express in Oman s More… |
 |
Hilco plans sale of seafood unit equipmentHilco Industrial, a world leader in industrial machinery and equipment auctions, is set to conduct the sale of over 500 lots of seafood processing equipment formerly owned by a very large seafood company. The auction will take place at the Hilton Garden Inn in Anchorage, Alaska o More… |
 |
Alessa unveils Qatar expansion plansAlessa Industries Group, a leading integrated industrial conglomerate in Saudi Arabia, has announced plans to enter the Qatari market to leverage the huge potential offered by diverse sectors of the economy. The group has already laid the groundwork for boosting its presence in Q More… |
 |
Intermetal to build $20m furniture factory in DubaiUAE-based Intermetal, a global furniture solutions leader and a Group Harwal company, has invested Dh75 million ($20.41 million) to establish a new factory in Dubai. The state-of-the-art facility in Dubai Investment Park will design and manufacture office and institutional furniture so More… |
 |
Bahri wins top Arab shipping awardThe National Shipping Company of Saudi Arabia (Bahri) said it has won top recognition for its maritime achievements in the region by Forbes Middle East . A major player in the marine sector, Bahri owns and operates a fleet of 44 vessels, besides the 10 new vessels which are to jo More… |
