Wednesday 30 July 2014

Qurain Petrochemical Q1 profit down 78pc

Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD0.93 million ($3.3 million) for the first quarter of the 2014/2015 financial year ended June 30, 2014, which was a decrease of 77.6 per cent or KD3.2 million ($11.4 million) from the KD4.15 ($14.7) million net profit


New cyber security for Schneider systems

Schneider Electric, a global specialist in energy management, and Waterfall Security Solutions, which specialises in critical infrastructure and industrial control systems security, have announced a partnership to bring stronger-than-firewall cybersecurity technologies to Schneider Electric cus


Abu Dhabi ports witness 37pc cargo growth

Abu Dhabi’s commercial ports have witnessed a significant cargo increase of 37 per cent this year.   Abu Dhabi Port Company’s commercial ports - Musaffah, Khalifa and Zayed Ports - have handled 6.4 million freigh


Savola in talks to sell packaging unit to Takween

Saudi Arabia's Savola Group has signed a non-binding agreement to sell its packaging business to Takween Advanced Industries, as it moves to focus on its core sectors of food and retailing, it said on Wednesday. Savola, which reported a 32.4 percent jump in second-quarter net


Registrations open for Arabal

Aluminium Bahrain (Alba), a leading aluminium producer in the world, has announced the opening for registrations for the 18th International Arab Aluminium (Arabal) Conference through The conference will be held under the patronage of HRH Prince Khalifa bin Salman


Marmum to boost juices export

Marmum Dairy Farm, a subsidiary of Dubai Investments (DI) and one of the leading dairy brands in the UAE, has announced plans to export over 1.8 million litres of its Raha long-life juices across the Middle East and Africa this year. Marmum has set ambitious export growth targets


Egypt steel industry files anti-dumping claim

Egypt's steel companies have filed a petition against rebar and wire rod imports from China, Turkey and Ukraine, one of its top steelmakers said, the latest move in a years-long quest to protect the fledging industry from low-priced imports. Egyptian Steel and other major ste


Savola CEO Mannaa to resign

Saudi Arabian food company Savola Group said on Tuesday its chief executive officer Abdulraouf Mannaa is to step down for personal reasons. Mannaa would be replaced by Abdullah Mohammed Noor Rehaimi, currently a board member at Savola, who will take up the role on January 1, 2015


Emerson unveils remote-mount digital valve controller

Emerson Process Management has launched the Fisher FieldVue DVC6200p series of digital valve controllers.    The DVC6200p series is an ideal solution for applications in which accessibility, extreme temperatures, extrem


DHL Express appoints Bahrain country manager

DHL Express has appointed Abdulaziz Busbate as the new country manager for its Bahrain operations.   Busbate has been working with DHL for the past 14 years and brings a wealth of experience to the local operations, said a r

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