Sunday 21 September 2014

Bahrain Steel signs $340-million loan facility

Bahrain Steel, previously known as Gulf Industrial Investment Company, has successfully closed the syndication of its $340-million senior secured term and revolving credit facilities. The facilities are split between a seven-year $300 million amortising term loan and a seven-year


Bahra Cables receives Islamic financing for $265m

Bahra Advanced Cable Manufacturing Company, a leading cable manufacturing company in Saudi Arabia, has received an Islamic financing of $265 million from Standard Chartered bank. The company will utilise $200 million as a short-term Islamic structured financing solution to increase its


Paper expo opens doors in Dubai

More than 8,000 companies from across the globe are taking part in this year’s Paper Arabia expo, which opened today (September 21) in Dubai, UAE. The first-of-its-kind industry expo was inaugurated by Buti Saeed Al Ghandi, Chairman of Emirates Investment and Development, UAE, an


EGA to host global aluminium event in Abu Dhabi

The UAE-based aluminium major Emirates Global Aluminium (EGA) will host the Metal Bulletin’s 29th International Aluminium Conference which opens in Abu Dhabi tomorrow (September 22). The event will be opened by a speech by UAE Minister of Energy Suhail M Al Mazrouei, the UA


GCC ‘must focus on nutrition-packed fertilisers’

Fertilisers that can combat nutrition deficiencies will be a major opportunity for GCC producers, according to an industry expert who spoke at a key convention in Dubai, UAE. “Fertiliser producers in the Gulf region should look into micronutrient fortification, because this


RECon Mena to examine future of regional retail

The future of Middle East and North Africa (Mena) region’s retail sector will be discussed at a conference in Dubai, UAE next month. RECon 2014 Mena, the pre-eminent educational and networking conference for the region’s retail industry, will gather shopping c


Dubai gears up for the biggest paper expo

More than 8,000 companies from across the globe are expected to take part in this year’s 'Paper Arabia' expo, which opens tomorrow (September 21) in Dubai. Paper Arabia attracts key players in paper and tissues production, in addition to manufacturers of paper remit


Siemens, GE mull bid for top turbine maker Dresser Rand

General Electric Company and Germany's Siemens are considering bids for compressor and turbine maker Dresser-Rand that could derail a merger between Dresser-Rand and Swiss pump maker Sulzer, according to media reports. The Financial Times and Bloomberg reported that Siemens&#


Sohar Aluminium to boost production capacity

Oman's Sohar Aluminium plans to spend $35 million over the next five years to boost production capacity, chief executive Mohammed Al Masoudi told reporters on Thursday. The work is expected to increase annual capacity by about 28,000 tonnes of primary aluminium, he said. The


Oman's Orpic to create 1,600 new jobs

Oman's Oil Refineries and Petroleum Industries Company (Orpic) plans to create 1,400 to 1,600 new jobs by 2018 and at least 800 of them will go to Omanis. The company has prepared plans to provide relevant training for new Omani recruits to equip them with the skills to succe

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