Wednesday 25 November 2015

Borouge cutting costs to counter weak plastic prices

UAE petrochemical firm Borouge is keeping a tight rein on costs as the oil sector's downturn has hit prices for plastic products, its chief executive said on Tuesday. The joint venture between state-owned Abu Dhabi National Oil Company and Austria's Borealis produces and


Slow Asian imports, dollar strength heap pain on container trade

A marked drop in Asian imports to Europe, made worse by a strong dollar, has heaped pain on container lines already struggling with massive over capacity, a major industry player said. The container market, which ships retail goods from iPhones to designer clothes and food produc


Emirates Steel showcasing latest products at Big 5

Abu Dhabi-based Emirates Steel, the only integrated steel plant in the UAE, is showcasing its steel product range at the ongoing The Big 5 Show in Dubai, UAE, for the fifth consecutive year. The show which kicked off yesterday (November 23) will conclude on November 26, and is be


Qatar Rail wins triple ISO certification

Qatar Rail has been recognized by the International Standards Organisation (ISO) with a triple certification for its world class standards in quality control, environmental sustainability and delivery. The company’s quality management system, occupational health and safety


Rolls-Royce sets out turnaround strategy

British engineering company Rolls-Royce said it would launch a major restructuring programme, as its new chief executive Warren East gave further details of his plans to turn around the company. After four profit warnings in just over a year, the aero-engine maker was already und


Sheikh Mohammed sets up $544m innovation fund

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has launched a new fund worth Dh2 billion ($544.37 million) to finance innovation. The ‘Sheikh Mohammed bin Rashid Al Maktoum Fund to Finance Innovation’ is designed


15 major shipping lines to call at Iran port

A total of 15 major international shipping lines have chosen Iran’s southern Shahid Rajaei port as their port of call, an Iranian official was quoted as saying in a report. Shahid Rajaei is currently Iran's biggest commercial port, which is directly and regularly visite


Hormann launches new products at Big 5

Hormann Middle East, a leading industrial, commercial and residential door manufacturer, is showcasing two of its new advanced products for the industrial sector at the ongoing The Big 5 Show in Dubai, UAE. The company unveiled the ALR 67 Thermo and SPU F 42 Plus sectional doors


Foreign firms plan investment in Iranian province

Chinese, South Korean, Italian and Swedish companies are planning investment in 10 industrial projects located in the western province of Ilam in Iran, a report said. A preliminary memorandum of understanding (MoU) has also been signed to this effect, Mohammadreza Morvarid, the p


Nod for new office to boost ties with Indian industries

A new office to promote Indian industry in Bahrain has been given the go-ahead by the Cabinet. The regional office is aimed at strengthening ‘commercial, industrial and financial ties’ with India, Information, Parliament and Shura Council Affairs Minister and official government s

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