• Gulf Capital sells 74pc stake of PET subsidiary


    Gulf Capital, an alternative asset manager in the Middle East, said that its portfolio company, Middle East Glass (MEG), successfully sold a 74 per cent stake in its PET subsidiary, Medco Plast for Packing and Wrapping Systems (Medco Plast).

  • DAE 9-month revenue more than doubles to $1bn


    Dubai Aerospace Enterprise (DAE) reported total revenue of $1.069 billion (Dh3.926 billion) for the nine months ended September 30, 2018, an increase of 124 per cent from $477.5 million (Dh1.753 billion) for the same period in 2017.

  • Honeywell extends range of screwless wiring devices


    Honeywell, a leading global technology company, recently announced the extension of its decorative range, MK Dimensions, screwless wiring devices featuring a new Matte Black finish.

  • MaK Middle East brings value through service excellence


    MaK Middle East, a Caterpillar company established in Dubai in 2017, said it continues to reinforce its commitment to excellence in the region by providing quality services and sustained innovation.

  • Summit highlights importance of investments in startups


    Leading panellists and experts highlighted the importance of investments in startups at the 7th Mena Angel Investors Summit held in Bahrain recently.

  • Siemens equipment selected for Adnoc crude flexibility project


    Samsung Engineering and the Chicago Bridge & Iron Company (CB&I), a McDermott International company, recently selected Siemens to provide 19 process reciprocating compressors for Adnoc Refining’s crude flexibility project at Ruwais Refinery-West.

  • Immensa team achieves metal 3D printing certification


    UAE-based Immensa Technology Labs said that 10 members of its team have graduated from the leading additive manufacturing global company Additive Minds and are now certified and qualified to work with metal 3D printing.

  • UPS expands express services to high-growth markets


    UPS, a global leader in logistics, has announced the addition of 14 new countries served by UPS Worldwide Express, part of UPS’s international suite of shipping services that guarantees time- and day-definite delivery for urgent shippers.

  • Workz Group announces revamp to aid global growth


    Dubai-based Workz Group, a leading mobile security and IoT solutions provider, has announced several expansion and restructuring initiatives aimed at driving its global growth in the mobile telecoms and IoT sectors.

  • Adnoc, Mubadala to explore downstream, refining prospects


    The Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company have partnered to explore growth prospects in Mubadala’s refining and petrochemicals assets and Adnoc’s downstream investment ambitions.

  • Styro opens $19m new production unit


    Styro, a leading expanded polystyrene (EPS) manufacturer in the Middle East, has opened a 40,000-sq- m production facility in Abu Dhabi, UAE, with an initial investment of Dh70 million ($19.05 million).

  • GE presents plan to strengthen Lebanon’s power sector


    GE presented a comprehensive roadmap to support the 2010 Ministry of Energy and Water’s plan for the development of Lebanon’s power sector from the point of generation, to transmission, distribution and consumption at a recent seminar.

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Industry News

Gulf Capital sells 74pc stake of PET subsidiary

Gulf Capital, an alternative asset manager in the Middle East, said that its portfolio company, Middle East Glass (MEG), successfully sold a 74 per cent stake in its PET subsidiary, Medco Plast for Packing and Wrapping Systems (Medco Plast)....


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News & Features - November 2018

The Future Investment Initiative (FII) in Riyadh, Saudi Arabia, saw the announcement of more than 25 deals worth $56.5 billion, officials said. The announcements...


Oman’s increased focus on manufacturing as part of its economic diversification efforts...


Jebel Ali Free Zone (Jafza), a subsidiary of Dubai-based ports operator DP World, has reaffirmed...




The global steel demand will reach 1,657.9 million tonnes in 2018, an increase of 2.1 per cent over 2017, a...


The growing global plastics sustainability movement is one of the biggest potential disruptors for the plastics industry and is putting future plastics...


Renewable energy sources, notably solar and wind, are reaching price and performance parity on and off the...




From warehouses to production floors to packing lines, printers remain a valuable asset in the enterprise...


Leviton, a company that offers electrical, lighting and networking solutions has appointed Shady Youssef as...






Events
SteelFab: focus on manufacturing tech

Metal cutting machine tools find wide use in almost all manufacturing industries that are flourishing in the Middle...


Diary of Events
Diary of events

Gulf Industry Magazine updates you with the latest calendar of events from the Middle East. GULFOOD MANUFACTURING 2018 November 6 to 8,...


Statistics
Statistics

Gulf Industry Magazine helps you catch up with the numbers behind economic and industrial developments in the region.   Saudi ports’...











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