Sunday 23 July 2017

Oman Oil Co plans ammonia project in Salalah

Oman Oil Company, the wholly government-owned energy investment arm, is planning to set up an ammonia project that will be developed downstream of its existing methanol plant in Salalah Free Zone, said a report. This new plan follows the company having recently signed contracts f


Hyundai aims to grow market share in Middle East

Hyundai, a leading automobile manufacturer, is aiming to take a bigger share of the market for medium and large sedans in the Middle East, with the new Azera and updated Sonata models. The new models are offering dramatic new looks and giving the brand a big boost in showroom app


Investcorp to sell Esmalglass for $692m

Bahrain-based Investcorp, a leading provider and manager of alternative investment products, today announced that it has agreed the sale of Spain-based Esmalglass to global private equity firm Lone Star Fund X for an enterprise value of €605 million ($692 million). Establish


Julphar registers its insulin in 17 countries

The UAE-based pharmaceutical manufacturer Gulf Pharmaceutical Industries (Julphar) recently announced the registration and marketing of Emirates manufactured insulin, in both raw and packaged forms, in 17 countries, said a report. The registration of the product in Mexico, Uzbeki

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