Wednesday 2 September 2015

Saudi, US near deal for two Lockheed warships

Saudi Arabia is in advanced discussions with the US government about buying two frigates based on a coastal warship that Lockheed Martin Corp is building for the US Navy, and could reach agreement by the end of the year, according to sources familiar with the talks. The frigate s


Gulf Petrochem appoints new bunker trader

Gulf Petrochem Group (GP) has appointed Deepak Dharwal as bunker trader, further bolstering its bunker trading team in the UAE. He joins a well-established team of bunker traders and will be focussed on GP’s Middle East bunkering operations in Fujairah, Khor Fakkan and Jebe


Sadara, E A Juffali sign BTG supply deal

Sadara Chemical Company and E A Juffali & Brothers have signed a second supply agreement for Butyl Tri-Glycol ether (BTG), following the successful execution of an methylene diphenyl diisocyanate (MDI) supply deal in July.   With this new agreement, Sadara will supply BTG


Alba launches training centre

Aluminium Bahrain (Alba), one of the world’s largest smelters, has opened a state-of-the-art training centre, which will focus on strengthening core skills of employees and contractors. The opening ceremony of Alba’s new Training centre was held amidst a host of digni


Bad weather halts ops at three Kuwait ports

Bad weather halted operations at Kuwait's Shuweikh, Shuaiba and Doha ports on Wednesday, state news agency Kuna said, quoting the country's port authority. The ports stopped operations as the country witnessed high winds and dust, Kuna said. The ports ar


UAE industrial sector to receive $34bn investment

The UAE is experiencing a large-scale expansion of its industrial sector and the sector is poised to receive investments of more than Dh127 billion ($34.57 billion), Minister of Economy, Sultan Bin Saeed Al Mansouri was quoted as saying in a report. Al Mansouri was speaking at a


Covestro launches regional office at DuBiotech

Covestro, formerly Bayer MaterialScience, a leading manufacturer of high-tech polymer materials, has inaugurated its regional office at DuBiotech premises in Dubai, UAE. The new office together with the Covestro development lab will offer local customised support to the industry


Iran to produce 300 tonnes of saffron this year

The adequate rainfall received by Iran during the current year has proved advantageous to the country, as it is expected to produce 300 tonnes of saffron, one of the most expensive spices in the world, a report said. Precipitation since March in Khorasan province, which produces


GCC’s manufacturing sector to grow at 4.32pc

The manufacturing sector in GCC is expected to grow at a compound annual growth rate (CAGR) of 4.32 per cent over the next five years, according to a new analysis from Mordor Intelligence. The key factors contributing to the growth of manufacturing industry are low cost of settin


Thales to deploy security solutions at Muscat, Salalah airports

Thales, a major provider of security solutions for critical infrastructure, has been selected by Oman's Ministry of Transport and Communications for the full deployment of an integrated security solution for Muscat International Airport and Salalah’s new airport.  

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