Tuesday 4 August 2015

Muscat Port revenues drop 98pc drop in H1

Port Services Corporation (PSC), the joint stock company that operates and manages Muscat’s Port Sultan Qaboos, has reported a 98.1 per cent drop in net profit for the first six months of this year in comparison to figures from the same period in the previous year, a report said.


Qualcomm enables wireless charging for devices with metal cases

Qualcomm Technologies Inc (QTI), a world leader in 3G, 4G and next-generation wireless technologies and a wholly owned subsidiary of Qualcomm Incorporated, announced that it has engineered a solution to allow wireless charging for devices with metal exteriors.   The solution


Agthia H1 net profit increases 20pc to $34m

Agthia Group, a top UAE-based F&B company, reported that its net profit for the first half of 2015 increased 20 per cent from the same period in 2014 to Dh125 million ($34 million), driven by higher sales and improved margins. Net sales for the period grew 11 per cent to Dh91


Arab nations export $3.3bn worth products to Brazil in H1

Arab nations exported $3.377 billion worth of products to Brazil during first half of 2015, according to a recent statistical report released by Brazil’s Ministry of Development, Industry and Foreign Trade. The data was compiled by the Arab-Brazilian Chamber of Commerce.


Aluminium Bahrain H1 net profit doubles

Aluminium Bahrain (Alba) posted a net income of BD66.9 million ($178 million) in the first half of the year as compared to BD32.3 million ($86 million) for the same period in 2014, marking a year-on-year increase of 107 per cent. Net income for the second quarter (Q2) of 2015 sto


General Motors to invest $1bn in India

General Motors Company (GM) will invest $1 billion in the next few years to turn operations in India into a new global auto manufacturing and export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday. The investment is part of GM's


Iran Khodro, Mercedes plan new partnership

Iran Khodro Industrial Group (IKCO), a leading Iranian vehicle manufacturer with headquarters in Tehran, said it plans to sign a deal soon with German automaker Mercedes-Benz for the production of cars and commercial vehicles, according to a report. Daimler AG’s unit has de


Kale upgrades fleet management system

India-based Kale Logistics Solutions has upgraded its transportation and fleet management system, Helios, by adding automated load planning and route optimisation functionality to the web-based application. The functionality will help its clients optimise their vehicle utilisatio


Chukar Waterjet among finalists for manufacturing award

Minnesota Business magazine has named Chukar Waterjet, a leading supplier of waterjet parts, as a finalist for the 2015 Minnesota Manufacturing Awards.   Chukar Waterjet is one of three manufacturers contending for the ‘Best in Class: Small Company award’, which


Aramex Q2 net profit surges 15pc to $25m

Aramex, a leading global logistics solutions provider, has reported a net profit of Dh92.6 million ($25.2 million) for the second quarter (Q2) of the year, as compared to Dh80.8 million for Q2 2014, marking an increase of 15 per cent. Revenues were also up 6 per cent, to Dh967 mi

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