Saturday 23 May 2015

Arab Banking Corp finances key jet leasing transaction

Bahrain-based Arab Banking Corporation (ABC) has provided a financing facility to Oman Brunei Aviation Leasing Company (OBALC). The facility is for the purchase of two new B737-900ER aircraft leased to Oman Air, said a report in the Gulf Daily News (GDN), our sister publ


Alba staff protest against allowance cut

Hundreds of Aluminium Bahrain (Alba) staff protested again outside the smelter yesterday over the alleged scrapping of an annual BD20 ($52) allowance. They gathered for an hour from 5.30am before reporting for work, said a report in the Gulf Daily News (GDN), our sister


1,000 key leaders for World Economic Forum Mena

More than 1,000 key leaders from government, business and civil society will support a comprehensive vision for prosperity and peace at the 16th World Economic Forum on Mena, which opened today (May 21) at Dead Sea, Jordan. The meeting, marking the Forum’s ninth meeting in


Manz highlights local module production at Turkey event

Manz AG, a leading high-tech equipment manufacturer, has highlighted its CIGS thin-film fully integrated turnkey production line at the recently concluded 21st International Energy, Environment Fair and Conference (ICCI) 2015 in Istanbul, Turkey. This follows its participation in


Topaz unit posts drop in profits

Topaz Energy and Marine, a leading offshore support vessel company, has reported a drop in the profits of its subsidiary Topaz Energy and Marine Limited, Bermuda for the quarter ended March 31, 2015. The unit's net profit for Q1 of 2015 fell to $1.1 million compared to $9.2 m


Juhayna to enter JV with Denmark's Arla Foods

Juhayna Food Industries, one of Egypt's largest dairy product and juice makers, will form a joint venture with Denmark's Arla foods that will be 51 per cent owned by Juhayna and managed by Arla, Juhayna said on Thursday. The venture, ArJu Food Industries, will "expan


Sunflower oil world output to reach 60m tonnes

The total world output of sunflower oil is expected reach approximately 60 million tons towards the end of 2050, said a report from the Food and Agriculture Organization. Contributing to this growth, Mazola has been at the forefront of sunflower oil production in the GCC, said Ke


ABB to manufacture robots in US

ABB, a global leader in power and automation technologies, will start production of robots in the US, making it the first global industrial robotics company to fully commit to and invest in a North American robotics manufacturing footprint. The company made the announcement at th


Cortec offers nitrite-free CorShield VpCI papers

Cortec, a leader in environmentally friendly VpCI corrosion protection, is offering Nitrite-free CorShield VCI/VpCI-146 paper that complies with various international, federal and state regulatory requirements. This high technology Vapour phase Corrosion Inhibiting paper is based


Georenco, Hareon Solar to set up $75m solar plant in Egypt

German consulting company Georenco has joined hands with China-based Hareon Solar, a leading solar PV manufacturer, to establish a solar power station with a capacity of 50MW at a cost of $75 million in Egypt. Documents needed for establishing this station, which is planned to be

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