Sunday 7 February 2016

JAC to set up light truck assembly plant in Algeria

Anhui Jianghuai Automobile Co (JAC), plans to set up its first light-load truck assembly plant in Algeria, a report said. The new plant is expected to be based in Algeria’s Ain Temouchent province, and will possess an annual capacity of assembling 10,000 light trucks, follo


German firm to invest $1.1bn in Iran’s copper industry

Germany-based Mansfelder Kupfer und Messing (MKM), a leading copper company, has signed a memorandum of understanding (MoU) to invest €1 billion ($1.11 billion) in a number of projects in Iran, said a report. MKM signed the deal with the National Iranian Copper Industries Co


GAC executive wins global maritime honours

GAC, a global provider of integrated shipping, logistics and marine services, said its regional P&I (Protection & Indemnity) manager Meena Mathews has won top honours from International Maritime Club (IMC) at a key industry event in Sharjah. Mathews was presented with the


Oman Air seals maintenance deal with Air France unit

Oman Air, the sultanate's national carrier, has chosen Air France Industries KLM Engineering and Maintenance to provide flight hour support for the CFM56-7 power plants that equip the airline’s Boeing 737NG aircraft. The long-term contract was formally signed in Amstelv


Bahrain to honour ICT firms at top industry fair

The iTECH 2016 Awards, which look to celebrate regional and international ICT (information and communications technology) sector achievements in Bahrain, have been announced. The winners of the iTECH Awards 2016 have been announced by Bahrain-based Hilal Conferences and Exhibitio


Gulf Industry Fair to host innovative forum

Gulf Industry Fair, the Northern Gulf region's biggest showcase for the industrial sector, will host the inaugural 'Innovation for Industry Forum' on February 10 in Bahrain. The forum will add an important dimension to a show format that is already renowned as a valua


Sewage plant output surges at Bahrain’s Riffa Views

Riffa Views has increased the daily output of its sewage water treatment plant by around 60 per cent within less than two months, it said. The plant, located in the company’s residential complex, currently treats 1,300 cubic metres daily while it only treated 800m3 before mid-December,


Industries Qatar product price drop hits earnings

Petrochemicals, metals and fertiliser producer Industries Qatar (IQ) blamed lower product prices for an extended earnings slump on Thursday.   Although IQ's sales volumes hit an all-time high, the state-run firm reported a net profit of QR570 million ($157 m


Tehran, Moscow ink $40bn projects

Iran and Russia have initialled contracts worth around $40 billion, including for power-engineering and railway projects, Russian news agencies quoted Ali Akbar Velayati, top adviser to Iran's Supreme Leader Ayatollah Ali Khamenei, as saying on Thursday. Velayati, who is wrap


Globe Express Services senior executives discuss strategy

Globe Express Services (GES), a leading logistics services firm, recently hosted a two-day meeting in Dubai, UAE, which was attended by 34 C-Level executives from all its corporate offices. The meeting discussed the company’s strategy for 2016 in line with prevailing trends

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