Sunday 29 May 2016
 
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Apic unit acquires UAE meat processing company

Arab Palestinian Investment Company (Apic) said one of its subsidiaries Siniora Food Industries has partnered with a Guernsey private equity fund Emerging Investment Partners (EIP) to acquire a UAE-based meat processing company as part of its regional expansion strategy. Siniora

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Grand Cinemas to open first 4D theatre in Kuwait

Grand Cinemas, a leading provider of movie entertainment services in the region, has announced the beginning of a new era in the movie-going experience with the introduction of its first 4D cinema in Kuwait. The world’s foremost 4D cinema technology, MX4D will debut exclusi

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Etihad Rail wins top GCC railway project award

Etihad Rail, the developer and operator of the UAE's national rail network, said it has won top honours at the Middle East Economic Digest’s (Meed’s) 2016 Quality Awards for Projects for the Stage One of the project. The award winners were announced at a grand cer

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Kuwait selects cloud solution for water management

EnerTech, a wholly-owned subsidiary of the National Technology Enterprises Company (NTEC) of Kuwait, has selected the Waterfund Insight Service to model and prioritise its strategic water technology investments, said an announcement by IBM and Waterfund. NTEC is a subsidiary of K

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China's SAIC-GM to recall 2.16m vehicles

General Motors Company joint venture with SAIC Motor Corp Ltd will recall about 2.16 million vehicles starting August 15 because the engine crankcase valves may corrode, China's principal consumer protection watchdog said on Thursday. The recall applies to roughly 834,000 Bui

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Qatar, Saudi Arabia trade reaches $1.9 billion

The bilateral trade between Qatar and Saudi Arabia amounted to QR6.94 billion ($1.90 billion) in 2015, according to data provided by Qatar Chamber. Qatar’s imports from Saudi Arabia were at QR5.11 billion ($1.40 billion), while its exports stood at QR1.83 billion ($502.6 mi

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Al Salem Johnson unveils first Saudi-made York chiller

Al Salem Johnson Controls, a leading provider of integrated heating, ventilation and air-conditioning (HVAC) solutions, has launched the first Saudi Arabia-made chiller from York, the YLAA air-cooled chiller – a unit with unique options and features. The new chiller’s

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Iranian appetite for German goods prompts surge in Q1 exports

German exports to Iran, especially of machines and equipment, rose significantly in the first quarter following the removal of international sanctions against the Islamic Republic, government data showed on Thursday. Exports to Iran surged by 7 per cent year-on-year in the Januar

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Sadara and Saudi-Korean JV sign supply agreement

Sadara Chemical Company (Sadara) has entered into a supply agreement with Surfactants’ Detergent Company (SDC), a joint venture being developed by a Saudi-South Korean consortium which plans to build a chemical production facility in PlasChem Park, located in Jubail Industrial City II.&

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Dow unveils key CSP solutions at Dubai solar expo

The Dow Chemical Company is showcasing its range of concentrated solar power (CSP) solutions at the ongoing Middle East & North Africa Solar Conference and Expo (Menasol) in Dubai, UAE. A major highlight is the industry-leading Dowtherm, a heat transfer fluid which enables th

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