Sunday 26 October 2014

Qafco to seek profit in niche fertiliser products

Qatar Fertiliser Company (Qafco) plans to launch niche production of environmentally friendly fertilisers to meet rising demand in Western markets, the firm's chief executive said on Thursday. The plan underlines a trend in several of the Gulf economies: they are using their


Sabic drops petchem expansion plan with Shell

Saudi Basic Industries Corp (Sabic) will not move ahead with plans to expand an existing petrochemical joint venture with Royal Dutch Shell in Saudi Arabia as the results of feasibility studies were not encouraging, Sabic said on Thursday. Saudi Basic Industries Corp (Sabic) will


Saudi imports jump 19.6pc to $15bn in August

Saudi Arabia's imports jumped an annual 19.6 per cent in August, ending nine consecutive months of declines, while growth in non-oil exports accelerated to 22.2 per cent, data from the Central Department of Statistics and Information showed on Thursday. The kingdom's non-


Yokogawa-Murata tie-up to develop wireless for plants

Japan-based Murata Manufacturing and Yokogawa Electric Corporation have reached an agreement whereby they will cooperate in the development of communication modules for field wireless devices used in plants. Through this alliance, Yokogawa will license its ISA100 Wireless communi


Iran eyes $70bn investment in petchem sector

Iran has drafted a 10-year plan to attract $70 billion in investments into its petrochemical sector and an investment fund will be set up in this regard, a senior official has said. Deputy Minister of Oil Abbas She'ri Moqaddam said the petrochemical investment fund will be es


Garmco holds key meeting of units in Bahrain

Bahrain-based Gulf Aluminium Rolling Mill Company (Garmco), a leading downstream aluminium facility in the Middle East, brought together its representatives of all subsidiaries for a key meeting in Bahrain. The subsidiaries span five continents - Africa, Asia, Australia, Europe a


Jebel Ali’s new terminal receives first vessel

DP World, Dubai’s marine terminal operator, today (October 22) welcomed the first scheduled vessel to its new Container Terminal 3 in Jebel Ali, Dubai, UAE. The ‘APL Phoenix’ was welcomed by DP World chairman Sultan Ahmed Bin Sulayem, vice chairman Jamal Majid B


Turn8 backs 10 start-ups, an early stage seed accelerator founded by DP World, Dubai’s marine terminal operator, has selected 10 new start-ups for investment as part of Round 3 of its programme. The start-ups are currently in residence at The Cribb in Dubai, UAE, where they are receiving b


Maritime experts to share key insights at Dubai forum

Renowned international experts will present a series of technical papers on the latest maritime industry-leading topics at a forum in Dubai next week. The second annual Global Workboats Technology forum will be held on October 29 at the Dubai International Convention and Exhibiti


UAE's Glass showcases latest products at global trade fair

UAE-based Glass, a subsidiary of Dubai Investments, is showcasing the latest industry innovations at Glasstec 2014, the largest international trade fair for the glass industry currently under way at Dusseldorf, Germany. At the exhibition, which has brought together 1,175 exhibito

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