Regional News
December 2013

ALUMINIUM Bahrain (Alba) reported a big surge in profits on the back of higher premiums, higher sales volumes and strong operational performance despite lower London Metal Exchange (LME) prices. The company posted a net income of BD66.1 million ($175.8 million) for the first nine months of 2013, up 50 per cent from BD43.






December 2013

ALUMINIUM Bahrain (Alba)’s information technology department continues to win accolades. Department manager Esam Hadi bagged the CIO Of The Year Award at the 9th Annual Arabian Computer News Arab Technology Awards 2013 held recently at the JW Marriott Marquis Dubai, UAE.






December 2013

AKZONOBEL has acquired a 50 per cent stake and management control in prominent manufacturer Sadolin Paints Oman following a joint venture agreement signed with Omar Zawawi Establishment (Omzest) LLC, promoter and shareholder of the Omani firm. Sadolin Oman manufactures and supplies decorative paints and performance coatings in the sultanate.






December 2013

A PLANT to assemble Volvo and Reno trucks will be set up at King Abdullah Economic City (KAEC)’s Industrial Valley Phase 2, it was announced recently following an agreement signed between Zahid Tractor and Heavy Machinery for the purchase of land on which the facility will stand.






December 2013

UNITED Industries Company (UIC), a member of the Kuwait Projects Company (Kipco) Group, has registered a net profit of KD6.6 million ($23.2 million) for the first nine months, up 131 per cent compared to KD2.85 million for the same period 2012. Announcing the results, the Kuwaiti company said its total assets surged 5.






December 2013

PERSONAL and healthcare brands producer Dabur International, a wholly owned subsidiary of Dabur India, has been growing consistently at a seven-year revenue CAGR of 32 per cent, the company says. From a humble business of Dh200 million ($54.






December 2013

IN line with its campaign to support sustainable development in the region and strengthen the company’s position as an innovative and pioneering district cooling entity, Emirates District Cooling LLC (Emicool), announced the commissioning of a solar farm within its premises at Dubai Investment Park (DIP).






December 2013

THE Jaguar F-Type, the car described as the grand successor to the iconic Jaguar E-Type, was adjudged Car of the Year at the Middle East Motor Awards (Mama), the most-anticipated auto accolades, at a ceremony at Al Majaz Waterfront in Sharjah, UAE.






December 2013

POWER management company Eaton has announced it has invested $6 million in the development of a new state-of-the-art manufacturing hub in Dubai and its Middle East regional headquarters.






December 2013

ROYAL Engineering Fabrication Company (Refco) LLC, a fully-owned subsidiary of the Al Ghurair Group that supplies fabricated components to the automotive, non-automotive and architectural sectors, officially opened its new aluminium downstream plant at Jebel Ali, Dubai.






December 2013

DUBAI Investments PJSC (DI), the largest investment company listed on the Dubai Financial Market (DFM), has announced a net profit of Dh161 million ($43.8 million) in the third quarter of 2013, a 98 per cent increase compared to the Dh81.4 million profit in the third quarter of 2012.






December 2013

ALSTOM’S new mobile facility for transformer on-site repairs, refurbishments, redesigns and high voltage tests has been unveiled in Jebel Ali, Dubai.






December 2013

QATAR’S Lusail Real Estate and Development Company (LREDC) has reaffirmed it will not tolerate breaches of health and safety by the company.






December 2013

FLOTEK Industries Inc and Tasneea Oil and Gas Technologies LLC have announced they will establish in Oman a manufacturing company in the oilfield chemistry sector as well as a chemical research firm to serve markets in the Middle East and Africa.






December 2013

UAE-based firm Scitra has linked up with Colep of Europe to start an aerosol contract manufacturing facility in Sharjah. The new joint venture firm will operate under the name of Colep Scitra Aerosols.






December 2013

GENERAL Electric Company said it has signed a nearly $700 million deal with Saudi Electricity Company (SEC) to supply natural gas turbine generators, reports Reuters. The order comes as demand for GE’s generators has begun to slowly recover after being weak for more than two years due to slowing global electricity demand.






December 2013

Pentair opens pump facility PENTAIR Ltd, a global water, fluid, thermal management and equipment protection company, has announced the opening of a new pump and booster system manufacturing facility within its integrated manufacturing campus in Sharjah. The unit will serve the commercial and residential sectors in the region.






Tags