Thursday 2 April 2015

Qatar firms to buy 49pc of China petchem stake for $5bn

Qatar's Qatra for Investment & Development (QID Group) and Hamad Bin Suhaim Enterprises have signed an initial deal to acquire 49 per cent of China's Shandong Dongming Petrochemical Group worth $5 billion, executives from the firms said on Monday. The deal is expected


Sipchem set to begin output at new plastics plant

A unit of Saudi International Petrochemical Company (Sipchem) will start commercial operations at its ethylene-vinyl acetate (EVA) and low-density polyethylene plant on Wednesday, Sipchem said. Last year, Sipchem started testing the SR3 billion ($800 million) plant in Jubail, whi


Y&R Mena launches digital marketing network

Y&R Mena, a leading marketing and communications company, has further strengthened its commitment to the region with the launch of Labstore, a digitally led retail and shopper marketing network. Headquartered in Dubai, Labstore Mena will service accounts across the region, of


Abu Dhabi industry highlighted in new OBG report

The myriad openings for investors across the non-oil sector of Abu Dhabi’s economy are highlighted in a new report just produced by the global publishing, research and consultancy firm Oxford Business Group (OBG). The Report: Abu Dhabi 2015 contains an exclusive contributio


Qatar Museum, ictQatar sign MoU for 3D digitisation

Qatar Museum (QM) has become the 3D Conversion Centre for Qatar following the signing of a memorandum of understanding (MoU) for digitising 3D materials, between the Ministry of Information and Communications Technology (ictQatar) and Qatar Museums. The document was signed by Ree


Bahrain airport ‘ready to handle F1 equipment’

Hundreds of tonnes of equipment is expected to arrive at Bahrain International Airport over the coming weeks ahead of this year's Formula One. More than 300 tonnes of gear passed through the airport for last year's race and similar quantities are expected for the 2015 edi


Agility trims dividend despite 10pc Q4 profit gain

Kuwait's Agility, the largest Gulf logistics group, trimmed its dividend payout for 2014 despite reporting a 10 per cent increase in both its fourth-quarter and full-year net profit. The firm said in a statement on Sunday its net profit in the final three months of 2014 grew


DuPont showcases green tech at Sogat

DuPont, a leading science company, showcased its MECS DynaWave technology for Sulphur Recovery Unit (SRU) applications, at the recent Sour Oil and Gas Advanced Technology 2015 (Sogat) exhibition in Abu Dhabi, UAE. DynaWave technology is the only industrial solution able to comply


Hamriyah Free Zone seeks to expand plastics sector

Sharjah's Hamriyah Free Zone is seeking more investment in the plastics and packaging and food and sectors within the zone.   A high-level delgation from the zone last week joined more than 60,000 professionals from every spectrum of the plastics industry in Orlando, US,


Print and packaging industry to unveil advancements

Gulf Print & Pack 2015 to be held next month in Dubai, UAE, will unveil the future of the print and packaging industry by showcasing the widest range of products and solutions. Innovators and top experts of the print and packing industry from around the world will also take p

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