Friday 19 December 2014
 
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industrial

Tasnee signs $480m deal for Cristal unit stake

Saudi Arabia's National Industrialisation Company (Tasnee) has completed a SR1.8 billion ($480 million) deal to raise its majority stake in its Cristal subsidiary by a further 13 percentage points, it said in a statement on Sunday.

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Economic growth drives Abu Dhabi office market

Abu Dhabi’s economic expansion across key sectors such as aviation, education, and healthcare, coupled with the continued growth of the hydrocarbon industry is driving increased demand for office and industrial space in the emirate, accord

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Morgan to set up new Abu Dhabi industrial unit

Abu Dhabi Ports Company (ADPC) and Morgan Advanced Materials, a leader in advanced materials, broke ground on its first dedicated facility in the Middle East at Khalifa Industrial Zone Abu Dhabi (Kizad). The facility, which is exp

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GE nets higher profit as cost cuts lift margins

General Electric Company has reported a slightly higher-than-expected quarterly profit, with cost cuts that helped boost margins across its industrial businesses offsetting revenue that missed analysts' targets. Shares of GE r

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Bahrain office market rents stabilise in Q3

The rents in Bahrain’s office market have stabilised in the third quarter, putting a halt to the declines witnessed in most submarkets during the first six months of the year, caused mainly by the country’s stagnant levels of economi

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Investcorp eyes Bahrain industrial sector

Bahrain-based Investcorp, an alternative investment manager with more than $11 billion of assets under management, will be making its first-ever investments in the kingdom within the next few years, said a top official. "Bahr

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Yokogawa, Dell deal for dedicated PCs

Yokogawa Electric Corporation has signed a deal with Dell for the global provision of PC models that are selected and customised for Yokogawa use. Under the contract, Yokogawa will offer high-quality system solutions that utilise

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Yokogawa, Dell deal for dedicated PCs

Yokogawa Electric Corporation has signed a deal with Dell for the global provision of PC models that are selected and customised for Yokogawa use. Under the contract, Yokogawa will offer high-quality system solutions that utilise

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Zamil unit wins $35m deal to supply steel lattice towers

Zamil Towers & Galvanizing Company, a fully owned subsidiary of Zamil Industrial Investment, has won a SR134.5 million ($35.8 million) contract from the Middle East Engineering and Development Company (Meedco) in Saudi Arabia.

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Riyadh industrial sector Q2 performance ‘solid’

More than 10.1 million sq m of manufacturing land is set to enter Riyadh’s industrial manufacturing sector, as it showed solid performance over the last year up to the second quarter of this year, said a report. According to

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