Monday 28 July 2014
 
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Asry's rig division eyes opportunities

Ship and rig repair yard Asry's offshore rig repair division is preparing for a possible market surge, chief executive Nils Kristian Berge has said.   He highlighted the division's recent track record, particularly l

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Alba posts net income of $86m in H1

Alba's total sales for the first six months of this year were BD376.4 million ($1.001 billion) versus $1.018 billion in the corresponding period last year, on the back of higher premium partially offset by lower LME prices.  

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Iran detains four journalists, 3 US-Iranians

The Committee to Protect Journalists on Thursday called on the Iranian government to immediately release four detained journalists, three of whom it said had US-Iranian nationality.   Two of the detainees are Jason Rezaian,

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Lighting industry majors focus on Middle East

More than 250 top players in the lighting industry will look to tap into the lucrative Middle East market at the ninth edition of Light Middle East, to be held in Dubai in November. The event will be taking place from November 3-5 at the Dubai International Convention and Exhibit

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Aramex Q2 net profit up 12pc

Dubai logistics firm Aramex reported a 12 per cent rise in second-quarter net profit on Thursday, in-line with analyst estimates.   Aramex posted a second-quarter net profit of Dh80.8 million compared with Dh72.3 million in

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Former Alba chief jailed for corruption

Former Alba chief executive Bruce Hall has been sentenced to 16 months in prison and ordered to pay £3 million ($5.1 million) by a British court.   Found guilty of conspiracy to corrupt in relation to contracts for the

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Agthia profit surges 21pc in H1

Agthia Group, one of the UAE’s leading food and beverage groups, has reported a net profit of Dh104.5 million (28.45 million) for the first half of 2014, an increase of 21 percent year-on-year driven primarily by higher sales and an overall improvement in profit margin. Net sales increase

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DP World global container volumes up 9.3pc

DP World handled 29.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first half of 2014, with gross container volumes growing by 9.3 per cent on a like-for-like basis.   On a reported basis gross volumes grew by 10.7p

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Qurain Petrochemical Q1 profit down 78pc

Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD0.93 million ($3.3 million) for the first quarter of the 2014/2015 financial year ended June 30, 2014, which was a decrease of 77.6 per cent or KD3.2 million ($11.4 million) from the KD4.15 ($14.7) million net profit

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New cyber security for Schneider systems

Schneider Electric, a global specialist in energy management, and Waterfall Security Solutions, which specialises in critical infrastructure and industrial control systems security, have announced a partnership to bring stronger-than-firewall cybersecurity technologies to Schneider Electric cus

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