Monday 6 July 2015

Innovation key to globalize for top Chinese firms

Leading Chinese companies are making innovation a strategic priority in their business models to stay competitive in global markets, according to a new report. The Emerging Best Practices of Chinese Globalizers: Develop the Innovation Models report by the World Economic Forum in


Bahri to buy five more tankers from Hyundai Heavy

National Shipping Company of Saudi Arabia (Bahri) has signed a deal to buy a further five very large crude tankers from ship builder Hyundai Heavy Industries, the exclusive oil-shipper for Saudi Aramco said on Wednesday. Hyundai agreed a contract in May to build five tankers and


NIIT, SSG deal to benefit Bahrain’s business community

National Institute for Industrial Training (NIIT) has signed a deal with Stepping Stone Global (SSG) to work closer together for the benefit of the business community in Bahrain. SSG’s leadership and management services will not be offered to NIIT clients, said statement.


Mondelēz gets new ME leadership team

Mondelēz International, the global snacking powerhouse behind iconic brands such as Oreo biscuits and Cadbury Dairy Milk, has appointed a new leadership team to drive the next phase of growth of its GCC and Pakistan business. Andre Benoit, Corporate & Government Affairs direc


ME hardcopy peripherals market edges down in Q1

The overall Middle East hardcopy peripherals (HCP) market witnessed shipments of just over a million units for a total value of $330 million, down 5.7 per cent and 8.6 per cent in Q1 2015, a report said. However, Saudi Arabia and the UAE both rode out low global oil prices to pos


DeburringExpo to showcase innovation solutions

Deburring, rounding and polishing are required production steps in nearly all manufacturing industries today. Due to continuously increasing demands for product quality, precision and surface finishing with simultaneously rising cost pressure, companies are facing new challenge


Facebook opens first office in Africa

Facebook has opened its first office in Africa at Johannesburg, as part of its efforts to help businesses connect with people and grow locally and regionally. The office will be headed by Nunu Ntshingila, a former executive at the advertising agency Ogilvy, according to a stateme


Australia's Asciano mulls Brookfield's $7bn approach

Australian freight company Asciano said on Wednesday that it was in discussions with Canada's Brookfield Infrastructure Group after the Canadian firm made an informal approach to buy it for A$8.8 billion ($6.78 billion). Brookfield made an indicative, non-binding and conditio


8,000 industrial projects launched in Rouhani rule

Iran has registered solid industrial growth under the rule of President Hassan Rouhani with more than 8,000 projects coming up across the country since 2013, said a report. The administration is pursuing growth and expansion of the country's industrial sector, reported Ir


Al Rawabi invests $6.8m in new cold store facility

Al Rawabi Dairy Company, a leading UAE-based dairy, has expanded its cold storage infrastructure with the opening of a Dh25 million ($6.8 million) facility that can store 4,000 pallets - equivalent to 180,000 crates in a temperature controlled environment. The move comes as Al Ra

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