• Gulftainer inks 50-year US port concession agreement

    $600m INVESTMENT
    Gulftainer, a UAE-based port operator, has finalised a 50-year concession deal to operate and develop the Port of Wilmington. With a $600-million investment, the company aims to turn the port into one of largest gateways on the US East Coast.

  • Top Japanese industrial group opens office in Dubai


    Leading Japanese industrial company Asahi Yukizai Corporation has set up its regional base in Dubai Airport Freezone (Dafza). The new office will play a key role in expanding its business across the Middle East and North Africa region.

  • Fertilizer industry 'vital to global food security'


    Fertilizer industry has a crucial role to play in addressing global food security challenges, as the world’s population continues to expand rapidly, driving demand for nutrition and resource availability, said experts at a key event in Oman.

  • Lanxess to build new production plant in Germany


    Specialty chemicals company Lanxess has announced plans to build a compounding facility at its Krefeld-Uerdingen site, Germany, for a mid double-digit million euro amount. The work is likely to begin in the fourth quarter of 2018.

  • Sabic, Clariant sign deal for speciality materials


    Sabic, the world’s third largest diversified petrochemicals company, has signed an agreement with Clariant towards taking steps to establish certain elements of its Specialties business as a stand-alone business.

  • G20 to discuss steel excess capacity in global markets


    Over 30 senior officials of the G20 Global Forum on Steel Excess Capacity are meeting on Thursday in Paris to discuss collective solutions to the global challenges faced by the steel industry.

  • Tadweer opens waste recycling plant in Abu Dhabi


    Abu Dhabi-based Tadweer has opened a new facility to recycle construction and demolition waste in the Al Dhafra region of the emirate. The plant boasts a capacity of 31,000 tonnes per month.

  • Saudi AC market set for 3.1pc growth by 2024


    Saudi Arabia's air-conditioner market is poised for solid growth over the next six years registering a CAGR of 3.1 per cent during the 2018-24 period, mainly due to its climate, high per capita income as well as population boom, said a report.

  • UAE leads in ICT Global Competitiveness Index


    The UAE has achieved leading positions in several categories of the ICT Global Competitiveness Index published recently by the International Telecommunication Union (ITU).

  • Huawei registered with 100pc ownership in Qatar


    Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, has become one of the first technology firms to register with 100 percent ownership in Qatar.

  • Buses for new Riyadh transport network unveiled


    Saudi Arabia’s Arriyadh Development Authority has unveiled the buses that will form the bus network of the Riyadh Public Transport Network.

  • Google, auto alliance partner on infotainment


    Renault-Nissan-Mitsubishi and Google have announced a technology partnership to embed the Android operating system in vehicles sold by the world’s leading automotive alliance.

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Industry News

Gulftainer inks 50-year US port concession agreement

Gulftainer, a UAE-based port operator, has finalised a 50-year concession deal to operate and develop the Port of Wilmington. With a $600-million investment, the company aims to turn the port into one of largest gateways on the US East Coast....


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News & Features - September 1, 2018

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