Saturday 25 October 2014

GCC major player in $3.8 trillion petchem market

More than 10 per cent of the global petrochemical and chemical production worth over $3.8 trillion came from Gulf nations, said a top industry expert. "During 2012, the Gulf’s production capacity of petrochemicals and chemicals, excluding pharmaceuticals, exceeded 129


Saudi Cement records small growth in Q3 profit

Saudi Cement reported a slight increase in third-quarter net profit on Tuesday, beating analysts' forecasts who had expected the company's profit to decline. Saudi Arabia’s largest cement producer by market value made a net profit of SR232 million ($61.8 million) in


Alba backs top women empowerment expo in Bahrain

Aluminium Bahrain (Alba) has provided bronze sponsorship for the ‘Second Exhibition for Women and Labour - Opportunities and Choices.’ The three-day exhibition will run till October 23 at the Bahrain International Exhibition and Convention Centre, said a statement.


First Dubai Maritime Summit kicks off next week

The first edition of Dubai Maritime Summit, that aims to fortify Dubai’s efforts to become a first-class international maritime hub, will take place on October 27 at The Address Dubai Marina. Dubai Maritime City Authority (DMCA), the government authority charged with regula


Mitsubishi unit licenses propeller production to Chinese firm

Mitsubishi Heavy Industries Marine Machinery & Engine Co (MHI-MME), a group company of Mitsubishi Heavy Industries, has signed a licensing agreement with Changzhou Zhonghai Marine Propeller Co. Under the deal, MHI-MME will provides CZZH the manufacturing and marketing rights


Qatar's Prime Minister opens Milipol Qatar 2014

The 10th edition of the Milipol Qatar 2014 for internal State Security being held under the auspices of HH the Emir of Qatar Sheikh Tamim bin Hamad Al-Thani, was inaugurated by HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani yesterday. T


China factory output up, GDP growth slows

China's factory output rose 8.0 per cent in September from a year earlier, beating expectations and marking a recovery from August's six-year low of 6.9 per cent. However, China's economy overall grew at its slowest pace since the global financial crisis in the Septem


RAK FTZ to showcase at Jordan’s F&B expo

Ras Al Khaimah Free Trade Zone (RAK FTZ) will showcase its tax-free business set-up solutions for companies in the food and beverage industry at an upcoming hospitality exhibition in Amman, Jordan. The Horeca Jordan exhibition, a three-day trade fair for the food, beverage, and h


Sipchem blames shutdowns for profit drop

Saudi International Petrochemical Company (Sipchem) blamed plant shutdowns as it reported a 13.3 per cent drop in third-quarter net profit on Tuesday that missed analysts' forecasts. Sipchem made a profit of SR160.6 million ($42.8 million) in the three months to September 30,


Saudi expo to draw industry giants

Leading manufacturers targeting the construction industry from across the world will be in Riyadh, Saudi Arabia, to showcase their cutting-edge technologies and facilitate networking among industry peers at the Saudi Build 2014. To be held at the Riyadh International Convention a

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