Sunday 1 March 2015

Double A to display green line at Paperworld

Double A, a global leader in premium copy paper, will display its complete portfolio of sustainable brands at the upcoming Paperworld Middle East, a leading trade fair for the paper industry, Dubai, UAE. Double A’s Premium 80 gsm, Smart Copy 80 gsm and Hi Plus 75 gsm range


Senaat to invest $1.36bn on industrial projects

Senaat, one of the UAE’s largest industrial holding companies, is planning to invest Dh5 billion ($1.36 billion) on further expanding its portfolio of industrial projects over the next two years. Over the past five years, Senaat invested over Dh16 billion developing the met


Saudi Kayan president resigns

Saudi Kayan Petrochemical Company said on Sunday that its president Mazyad Al-Khaldi had resigned for personal reasons. The company, an affiliate of Saudi Basic Industries Corp (Sabic), said in a statement on the bourse website that Khaldi's resignation would take effect from


32 French firms to take part in electricity show

Thirty-two French companies will showcase their products, technologies and innovations at the 40th edition of the Middle East Electricity fair to be held in Dubai, UAE, from tomorrow. The show will run at the Dubai World Trade Centre till March 4. The French pavili


Rolls-Royce to supply engines to Qatar Coast Guard

Rolls-Royce has won a contract worth £15.8 million ($24.3 million) to supply high-speed engines and a suite of waterjet propulsion systems for 17 fast patrol vessels for the Qatar Coast Guard, a report said. The combination of Rolls-Royce MTU diesels and Kamewa waterjets wi


Asry’s $33m repair deal with KOTC on track

The chairman of Arab Shipbuilding and Repair Yard (Asry) visited the first ship being repaired under a $33 million agreement signed between the shipyard and Kuwait Oil Tanker Company (KOTC) to repair 19 vessels, a report said. “This agreement not only makes history in the r


Mubadala unit inks $120m aerostructure deal

Strata Manufacturing, a composite aerostructures manufacturing facility which is wholly-owned by UAE-based Mubadala Development Company, has signed its first international outsourcing agreement that will subcontract its ATR vertical fin and rudder programs to GSE Industria Aeronautica in Italy.


Turkey’s Icdas to build $700m blast furnace

Leading Turkish bar and rod producer Icdas is planning to build a 2,800 cu m blast furnace at Canakkale in western part of the country, at an estimated cost of $600 to $700 million, said a report. The company is currently receiving proposals from potential suppliers, Ulvi Gunduz,


Volkswagen net profit surges 20pc in 2014

German carmaker Volkswagen said the net profit rose 20 per cent last year to €10.8 billion ($12.1 billion), but offered a cautious outlook for this year. The maker of Volkswagen, Audi, Skoda and SEAT brand cars said yesterday that it increased its profit margins during 2014


Solar Impulse 2 soars across skies of Abu Dhabi

Solar Impulse 2, a solar aircraft of Swiss pioneers Bertrand Piccard and André Borschberg, has soared across the skies of Abu Dhabi, UAE, during its first test flights in the emirate recently. With Piccard and Borschberg taking turns in the cockpit, the single-seater susta

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