Friday 27 March 2015

Saudi's Safco urea plant start-up delayed till May

The start-up of a new urea plant owned by Saudi Arabia Fertilizers Company (Safco) will be delayed to mid-May this year, the company said on Thursday. Safco did not give a reason for the delay of the facility known as Safco 5, but the firm -- a unit of Saudi Basic Industries Corp


Alba honours 250 staff for long-service

Aluminium Bahrain (Alba), one of the leading employers in Bahrain, honoured more than 250 workers celebrating 10 years of service with the company at a ‘Long Service Award’ ceremony today (March 26). The awardees were presented with individual gifts and certificates t


Yemen shuts major sea ports

Yemen shut its major seaports on Thursday, industry and local sources said, after neighbouring Saudi Arabia and Arab allies struck the Iran-allied Houthi forces who have been fighting Yemen's Western-backed president. "All major seaports were shut down on Thursday due to


Top cargo conference to take place in Abu Dhabi

WCA, a leading network of independent freight forwarders with over 5,700 member offices based in 191 countries around the world, is set to host its annual conference in Abu Dhabi next year. The WCA Global Conference will be held from March 10 to 16 at the Abu Dhabi National Exhib


Mitsui acquires stake in Turkish packaging firm

Mitsui & Co has taken a 15 per cent stake in unlisted Turkish packaging firm Sarten, as the Japanese trading house looks to take advantage of Turkey's economic growth and proximity to Europe and the Middle East. Saddled with a moribund economy and an ageing population at


Japan plans to invest $5.6bn in Indonesia

Japanese companies will invest $5.6 billion in Indonesia, following President Joko Widodo's visit to Tokyo, the head of Indonesia's investment board said. Toyota Motor will invest $1.6 billion while Suzuki Motor will increase its planned investment by $1 billion, Franky S


Emirates Transport, Keolis to joinlty bid for projects

Emirates Transport (ET) and the French public transport group Keolis have signed a memorandum of understanding in Dubai to jointly bid for upcoming operation and maintenance tenders within the UAE public transport sector. Keolis is a world leader in passenger transport, operating


RAK FTZ wins award for CSR

Ras Al Khaimah Free Trade Zone (RAK FTZ), a leader in community outreach activities and environmentally sustainable business practices across the UAE, has won an award from the German Emirati Joint Council for Industry and Commerce (AHK) for its corporate social responsibility (CSR).


Almarai gets $67m compensation for bakery fire

Saudi Arabia's Almarai, the Gulf's largest dairy company, received SR250 million ($66.7 million) from an insurer in compensation for a fire at one of its bakeries, it said on Thursday. "This payment on account is not in respect of a specific claim item, but intended


Honeywell, Transworld expand engine parts deal

Honeywell Aerospace has extended its agreement with Transworld Aviation in the Middle East to include component supplies for two of its most widely used turboshaft engines in the region — the T53 and T55. Transworld Aviation is already a regional distributor of Honeywell&rs

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