• Jafza set to pump $354m into Dubai's economy


    Dubai's Jebel Ali Free Zone said it plans to launch the country's first Workforce Protection Programme that will offer added benefits to employees and also infuse Dh1.3 billion ($354 million) back into the emirate’s economy.

  • Savola Group posts profit in Q1


    Saudi Arabia's leading food products company Savola Group reported a net profit of SR6.5 million ($1.73 million) for the first quarter (Q1) of 2019, compared to a loss of SR84.3 million ($22.47 million) in Q1 2018.

  • OOMCO to set up bunker terminal at Duqm Port


    Oman Oil Marketing Company (OOMCO) has secured its board's approval for the construction of an in-port bunker terminal at the Port of Duqm on the sultanate’s Al Wusta coast, said a report.

  • Alba achieves major safety milestone in April


    Aluminium Bahrain (Alba), one of the largest aluminium producers in the world, has announced that it had achieved a major safety milestone clocking 5 million working-hours without Lost Time Injury (LTI) last month.

  • ACT achieves success in reducing use of energy, water


    Aqaba Container Terminal (ACT), a gateway to the Levant region and beyond, has achieved major successes in its effort to reduce the use of energy and water, according to the company's eighth annual sustainability report.

  • Agility earnings up 7.3pc to $66.72m in Q1


    Agility has reported first quarter earnings of KD20.3 million ($66.72 million), or 12.2 fils per share, an increase of 7.3 per cent from Q1 2018 (excluding IFRS-16 impact it will be an increase of 10.2 per cent), the company said.

  • Dubai P&O Ports wins deal to operate Serbian port


    Dubai-based P&O Ports has been awarded a contract to operate the Port of Novi Sad in Serbia. As per the deal, it will have exclusive rights to undertake all waterside operations, container handling and project cargo activities.

  • Dubal Holding, Norinco boost industrial co-operation


    Dubal Holding and China North Industries Corporation (Norinco) have signed a comprehensive agreement during the recent Belt and Road Forum in Beijing for future collaboration in the industrial, mining and energy sectors.

  • ME automobile parts demand to reach $39bn by 2024


    The Middle East demand for automobile parts and components is expected to grow at a CAGR of 5.12 per cent in volume terms reaching $39.59 billion in 2024, from $28.14 billion in 2018, according to a recent report by TechSci Research.

  • Dans, Honeywell sign MoU to co-develop new technologies


    Dubai Air Navigation Services (dans), the air navigation services provider for Dubai and part of the Northern Emirates, has signed an MoU with Honeywell to explore the potential for the co-development of new technologies.

  • Aramex reports revenue of $335.9m in Q1


    Aramex has reported a revenue of Dh1.234 billion ($335.96 million) for first quarter ended March 31, 2019, an increase of 4 per cent over Dh1.190 billion ($323.98 million) for the same period last year.

  • Outotec-L&T to build world's largest gold mine in Saudi

    MAADEN INKS STRATEGIC DEAL
    Saudi Ma'aden has awarded a consortium of Finnish group Outotec and Indian engineering giant Larsen & Toubro the contract to develop the world's largest gold mine in the kingdom that will boast a production capacity of 250,000 ounces of gold per year.

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Industry News

Jafza set to pump $354m into Dubai's economy

Dubai's Jebel Ali Free Zone said it plans to launch the country's first Workforce Protection Programme that will offer added benefits to employees and also infuse Dh1.3 billion ($354 million) back into the emirate’s economy. ...


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News & Features - May 2019

Aluminium Bahrain (Alba), set to become the largest smelter in the world, has expanded its overall sales volume and throughput for the first quarter of 2019 despite the...


The International Monetary Fund (IMF) estimates that Saudi Arabia’s economic growth in 2019...


Asian Paints, one of the top ten coatings companies in the world, has unveiled a new brand identity...




If the opening months of 2019 have shown anything, it’s that the enthusiasm for improving water security and sustainability in the Middle East has...


Faro, a trusted source for 3D measurement and imaging solutions, says its lightweight, handheld mapper...


Emirates Global Aluminium (EGA) has officially broken ground on the new Dh1-billion ($272 million)...




Mintel, a leading market intelligence agency, has announced four trends impacting the global packaging...






Events
Expo 2020 Dubai to give $33bn boost

Expo2020 Dubai and its legacy are expected to contribute Dh122.6 billion ($33.38 billion) of gross value addition (GVA)...


Diary of Events
Diary of events

Gulf Industry Magazine updates you with the latest calendar of events from the Middle East. AUTOMECHANIKA DUBAI June 10 to 12, 2019 The...


Statistics
Statistics

Gulf Industry Magazine helps you catch up with the numbers behind economic and industrial developments in the region. Dubai forecasts 2.1pc...











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