Tuesday 3 May 2016

Construction sector to boost MEA masterbatch market

The masterbatch market in the Middle East and Africa (MEA) region is projected to grow at a compound annual growth rate (CAGR) of over nine per cent in the next five years amid growing demand from the building and construction sectors besides packaging, said a report. Masterbatch


Alba blames aluminium price collapse as Q1 profit falls 88pc

Aluminium Bahrain (Alba), owner of one of the world's largest aluminium smelters, reported a 88.6 per cent fall in first-quarter net profit on Monday as a result of a collapse in aluminium prices. Alba's net income for the three months to March 31 was BD4.2 million ($11.2


New land-based fish farm planned in Sur

The Omani government has planned to set up in Sur a major bio-marine industrial cluster, anchored by the nation’s first ever land-based fish farm, as part of its efforts to kick-start the development of a successful aquaculture industry in Oman, said a report. The Public Es


Barwa Real Estate plans to set up warehousing project

Barwa Real Estate Group, one of Qatar's largest listed real estate companies, plans to set up a warehousing project aimed at diversifying investments and increasing its presence in the local market, a senior Barwa official said in a report. Barwa plans to sign an agreement wi


Bahrain's Security 1 showcases top products

Security 1, a division of Ebrahim K Kanoo Group, had a successful participation in the Arabian MEP 2016 Exhibition held last month in Bahrain. Being a leading security and extra low voltage systems solution provider for fire safety, access control, intrusion detection, CCTV, audi


Tasneef, ADSB partner to boost naval services

Tasneef, the first certified Arab classification society, and Abu Dhabi Ship Building (ADSB), a leading provider of construction services for boats, have signed an agreement to develop the naval construction and services industry. The memorandum of understanding (MoU) includes cl


Sipchem plans sukuk investor meetings in May

Saudi International Petrochemical Company (Sipchem) will begin investors meetings in May for a potential issue of sharia-compliant bonds, the firm said on Sunday. Sipchem has appointed Riyad Capital and NCB Capital as managers of the possible sukuk, the value of which "will


Equate in key polyethylene supply milestone

Kuwait-based Equate Petrochemical Company had supplied more than 450,000 tonne of polyethylene to the country's leading plastic manufacturers in 17 years of its operation from 1998 to 2015, said its top official. Equate president and chief executive Mohammad Husain was addres


EGA to showcase aluminum billets at top US event

Emirates Global Aluminium (EGA), the Middle East’s largest primary aluminium producer, will participate at the 11th International Aluminum Extrusion Technology Seminar & Exposition (ET’16), which takes place from May 2 to 6 in Chicago, US. The company, which is among th


Dubai Investments unit seals Riyadh Metro contract

Dubai Investments (DI), a leading, diversified investments conglomerate listed on the Dubai Financial Market, said one of its subsidiaries, Emirates Building Systems has been awarded a contract to provide steel structures for the second phase of the Riyadh Metro Project. The metr

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