Friday 24 February 2017

Trafco Group reports $4.55m net profit

Bahrain-based Trafco Group yesterday reported net profit for the financial year ending December 31, 2016 at BD1.74 million ($4.5million)against BD1.72 million in the previous year, reported the Gulf Daily News, our sister publication. To read further, please visit


Russia to supply T-90MS battle tanks to Mideast

Russia has signed a large contact on the delivery of T-90MS main battle tanks to a Middle East country and plans to close a deal with another foreign customer soon, Russian news agency Tass reported, citing a senior government official. "A large-scale contract was s


Fast-food chain Raising Cane debuts in Saudi Arabia

Global fast-food restaurant chain Raising Cane is the latest entrant into Saudi Arabia's food sector, currently worth SAR65 billion ($17.3 billion). Raising Cane, known for its infamous chicken fillet meals, has opened the kingdom's first branch in Al Bustan Center, Riyad


IGG signs multiple global deals at Idex 2017

International Global Group (IGG), the Abu Dhabi-based supplier of high-end defence and security solutions, has signed a number of agreements on the first day of Idex 2017, a major security-focussed event in the UAE capital. IGG’s agreement with South Africa’s Rheinmet


Intelligent Foods to showcase at Gulfood 2017

Intelligent Foods, the Dubai-based key supplier for the HORECA and airlines catering sectors across the GCC will participate at the upcoming Gulfood 2017, the world’s largest annual exhibition for the food and beverage sector in Dubai, UAE. The event will be returning for i


Iran biggest sponsor of terrorism, says Saudi

Saudi Foreign Minister Adel bin Ahmed Al Jubeir yesterday rejected Iranian calls for dialogue saying Tehran was the biggest state sponsor of terrorism in the world, a destabilising force in the Middle East and wanted to “destroy us”. He made these remarks at an addres


It will take forever to make nuke weapons: Iran

It will take forever for Iran to produce nuclear weapons because it is not going to do so, Foreign Minister Mohammad Javad Zarif was quoted as saying in a media report. Zarif made the remarks speaking to reporters on the sidelines of Munich Security Conference when asked how long


Gulfood to feature grains & pulses segment

Gulfood 2017, a leading global food and hospitality show, will feature a Pulses, Grains & Cereals segment as one of eight dedicated sectors at the exhibition, when it opens later this month in Dubai, UAE. The event runs from February 26 to March 2 at the Dubai World Trade Cen


Gulfood's meat and poultry section draws 259 firms

With bullish forecasts emerging on the GCC’s consumption of meat and poultry, a specialised segment focused on the product range has drawn a huge international response for world-leading food and beverage exhibition Gulfood 2017. The new Meat & Poultry sector, one of ei


Al Kamil, OPWP extend power purchase deal

Al Kamil Power Company has signed an agreement for extending the power purchase agreement with Oman Power and Water Procurement Company (OPWP) under revised terms and conditions, media sources said. The agreement is now extended up to December 31, 2021, Times of Oman rep

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