Tuesday 26 May 2015
 
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Suez Canal revenues top $422m in April

Egypt's revenue from the Suez Canal was $422.1 million in April, a government website said on Wednesday, up from $420.1 million in March. The fastest shipping route between Europe and Asia is one of Egypt's main sources of foreign currency. – Reuters

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Dubai Porsche Center picks Geze door automation

Geze, a world leader in development of doors and windows, has equipped the recently inaugurated Porsche Center in Dubai, UAE with state-of-the-art engineered door systems. With 49 Porsche cars on display, the new dealership on Sheikh Zayed Road is one of the largest Porsche Cente

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UK firm signs service deal with Asry

Relay Engineering, a UK-based engineering firm, has signed a service agreement with Bahrain-based ship and rig repair yard Asry, under which the former will provide direct services to vessels at the latter's facilities. Expanding the list of the yard's onsite specialist c

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GE could lose deal to build locomotives for Angola

General Electric Co would lose a $350-million deal to build locomotives for Angola, and perhaps billions of dollars more in future export opportunities, if Congress closes the US Export-Import Bank, a senior GE executive told Reuters. "It would be gone," GE Transportati

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New system to speed up goods transport across UAE’s borders

A customs transit system which will dramatically speed up the transport of goods across the UAE’s borders with its neighbouring countries is on course to be introduced by the end of this year. The Fujairah Customs Authority and the Automobile and Touring Club of the UAE (AT

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Jafza to highlight key offerings at Riyadh event

Jebel Ali Free Zone (Jafza), the flagship free zone of Dubai and trade and logistics hub of the wider Middle East region spanning from West Asia, the CIS, Africa and Indian Subcontinent, is set to take part in a Business Seminar in Saudi Arabia this month. The Business Seminar, w

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Equate organises workshop by innovation expert

Equate Petrochemical Company, Kuwait’s first international petrochemical joint venture, recently sponsored “Unleash Your Innovation Capabilities Workshop” which was conducted by the international innovation expert Stephen Shapiro. The workshop, which was organis

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Sadafco organises culinary challenge event for women

Building on the success of the previous two editions of ‘My Saudia Kitchen’ campaign, Saudia Dairy and Foodstuff Company (Sadafco), a leading FMCG company in the region, recently organised a unique ‘Culinary Challenge’ event for women in Jeddah. The event

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Iran, Japan plan joint agricultural project

Iran and Japan International Cooperation Agency (Jica) are planning to implement joint agricultural projects in the country, a senior official said. Hooman Fathi, a senior official at Agriculture Jihad Ministry recently met and reviewed a plan to develop cooperation in in the agr

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Kingspan plans Dubai plant expansion

Kingspan Insulated Panels, a global leader in high performance building envelope technologies, is carrying out an extensive expansion of its manufacturing plant in Dubai. The new facility will produce Kingspan’s latest optimised building solutions and serve as a regional hu

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