Thursday 23 October 2014
 
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GCC food imports to top $53bn by 2020

Food import bill of GCC region will rise to over $53 billion by 2020 as soaring population and up to 90 per cent reliance on imported products foster long term supply concerns, according to a study. GCC governments must focus on strategic diversification and domestic initiatives

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Gulf Craft to invest $100m in new DMC facility

The UAE-based Gulf Craft, one of the top 10 manufacturers of superyachts globally, plans to invest $100 million in developing a state-of-the-art shipyard to manufacture high-end luxury yachts at the Dubai Maritime City (DMC). The facility will also have a service centre with cutt

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GCC major player in $3.8 trillion petchem market

More than 10 per cent of the global petrochemical and chemical production worth over $3.8 trillion came from Gulf nations, said a top industry expert. "During 2012, the Gulf’s production capacity of petrochemicals and chemicals, excluding pharmaceuticals, exceeded 129

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Saudi Cement records small growth in Q3 profit

Saudi Cement reported a slight increase in third-quarter net profit on Tuesday, beating analysts' forecasts who had expected the company's profit to decline. Saudi Arabia’s largest cement producer by market value made a net profit of SR232 million ($61.8 million) in

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Alba backs top women empowerment expo in Bahrain

Aluminium Bahrain (Alba) has provided bronze sponsorship for the ‘Second Exhibition for Women and Labour - Opportunities and Choices.’ The three-day exhibition will run till October 23 at the Bahrain International Exhibition and Convention Centre, said a statement.

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First Dubai Maritime Summit kicks off next week

The first edition of Dubai Maritime Summit, that aims to fortify Dubai’s efforts to become a first-class international maritime hub, will take place on October 27 at The Address Dubai Marina. Dubai Maritime City Authority (DMCA), the government authority charged with regula

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Mitsubishi unit licenses propeller production to Chinese firm

Mitsubishi Heavy Industries Marine Machinery & Engine Co (MHI-MME), a group company of Mitsubishi Heavy Industries, has signed a licensing agreement with Changzhou Zhonghai Marine Propeller Co. Under the deal, MHI-MME will provides CZZH the manufacturing and marketing rights

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Qatar's Prime Minister opens Milipol Qatar 2014

The 10th edition of the Milipol Qatar 2014 for internal State Security being held under the auspices of HH the Emir of Qatar Sheikh Tamim bin Hamad Al-Thani, was inaugurated by HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani yesterday. T

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China factory output up, GDP growth slows

China's factory output rose 8.0 per cent in September from a year earlier, beating expectations and marking a recovery from August's six-year low of 6.9 per cent. However, China's economy overall grew at its slowest pace since the global financial crisis in the Septem

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RAK FTZ to showcase at Jordan’s F&B expo

Ras Al Khaimah Free Trade Zone (RAK FTZ) will showcase its tax-free business set-up solutions for companies in the food and beverage industry at an upcoming hospitality exhibition in Amman, Jordan. The Horeca Jordan exhibition, a three-day trade fair for the food, beverage, and h

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