Friday 28 November 2014
 
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EGA plans $5 billion capex by 2020

UAE-based Emirates Global Aluminium (EGA) is bullish about the global aluminium market and plans a capital expenditure of $5 billion by 2020, said the chief executive of the company. “We have to make the investment to be strong and grow as one of the world’s top five,

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Sipchem affiliate restarts methanol production

An affiliate of Saudi International Petrochemical Company (Sipchem) has restarted a methanol plant after scheduled maintenance, Sipchem said in a bourse filing. The plant, which produces 967,000 tonnes of methanol per annum, was shut on November 3 for three weeks for maintenance

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Al Marakeb to participate in Dubai Pre-Owned Boat Show

Al Marakeb, a reputable UAE boat manufacturer, will demonstrate its fleet of value-for-money craft at the Dubai Pre-Owned Boat Show, which opens at the Dubai Creek Marina, Dubai, UAE, tomorrow (November 27). The Sharjah-based company will showcase two of its vessel models for the

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GCC 'imports 70pc of food needs'

About 70 per cent of food products in the Gulf Cooperation Council are imported, of which cereals comprise around 55 per cent, according to a recent Frost & Sullivan analysis. Marginal farming activities owing to limited water resources and climatic conditions, make GCC count

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Airbus, ADNL sign spare parts financing deal

Leading aircraft manufacturer Airbus has signed a deal for spare parts financing with Abu Dhabi National Leasing Company (ADNL), a wholly-owned lease finance arm of the National Bank of Abu Dhabi (NBAD). Under the facility, ADNL will finance spare parts for Airbus’ fast gro

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Emirates Steel wins SKEA Gold award

UAE’s top steelmaker Emirates Steel has won the Gold category of the Sheikh Khalifa Excellence Award (SKEA 2014) recently. It was presented by Sheikh Hamed bin Zayed Al Nahyan, chief of Abu Dhabi Crown Prince's Court, at a ceremony held at the Emirates Palace, said a st

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Total Freight International opens warehouse at DWC

Freight forwarding specialist Total Freight International has opened its 6,500-sq-m warehouse at Dubai World Central’s logistics district. The Total Freight Logistics Centre will facilitate cargo warehousing and distribution as well as a number of value added services inclu

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Workz completes $1m upgrade of Dubai facility

Workz, a secure printing and supply chain services provider, has completed its $1 million upgrade of its Dubai scratch card printing facility, allowing it to increase running speeds by 30 per cent. The upgrade will subsequently boost its production capacity to over 150 million ca

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Mena organic products market to hit $120m

The Middle East and North Africa (Mena) region’s organic products market alone is set to hit $120 million by 2017, according to a recent Euromonitor study. The study estimates that the region’s market for organic and natural products will grow at an annual rate of 12

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JLL launches real estate data comparison tool

JLL, a leading real estate investment and advisory firm, has developed a new web-based data comparison tool in response to its clients’ needs for more comparison of key market data in the Mena region.   This tool allows both investor and occupier clients to make quick

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