ALUMINIUM Bahrain (Alba) announced it achieved total sales of 919,722 tonnes in 2013, a 3.3 per cent increase over the previous year. The company also indicated it is moving closer to the million-tonne output mark having registered 912,700 tonnes, a 2.5 per cent climb over the previous year. Q4 2013 sales were 237,534 tonnes, up 5.
MAGNETROL International Incorporated, a leading manufacturer of level and flow process control instrumentation, has completed the construction of its new facility in Jebel Ali, UAE. The new production facility will operate under the ISO 9001 umbrella of Magnetrol International NV.
FURTHER evidence that the Gulf construction market is booming comes from a private research organisation that estimates projects worth $83.4 billion are to be completed in 2014 compared with projects worth $69.91 billion completed in the previous year. The research was conducted by Ventures ME and commissioned by dmg events.
OMAN Cables Industry Co has credited higher sales volumes and a reduction in production costs for an increase in 2013 net profit of 41.8 per cent compared with the previous year. Net profit surged to RO16.9 million ($43.7 million) against RO11.9 million in 2012. Total sales increased to RO306.
INVESTMENTS at Bahrain International Investment Park (BIIP) from operational projects and other projects in various stages of development have reached BD689 million ($1.82 billion), the government has announced. Minister for Industry and Commerce Dr Hassan A Fakhro said 30 new investment projects were approved during 2013.
DAMEN Shipyards Sharjah (DSS) FZE, a joint venture between Damen Shipyards Group and Albwardy Marine Engineering, has officially opened for business. “DSS’ core activities will continue along the tried and trusted course of Damen new-builds and Albwardy’s conversions, dry-dockings and repairs,” a Damenstatement said.
EMRILL, a leading facilities management company in the UAE, has signed a deal with international energy services firm, Crowley Carbon, worth up to Dh100 million ($27.2 million). The deal was announced during the Enterprise Ireland Trade and Investment Mission to Saudi Arabia, Qatar and the UAE.
AHMED Bin Sulayem, executive chairman, Dubai Multi Comodities Centre (DMCC), the region’s global gateway for commodity trade and enterprise, has received the Outstanding Contribution to Islamic Finance award.
A NEW Dugutak Core Laboratory at the Maersk Oil Research and Technology Centre (MO-RTC) in Doha, Qatar, was opened recently by Qatari Minister of Energy and Industry Dr Mohamed Bin Saleh Al Sada. The minister also witnessed the signing of a technology cooperation framework agreement between Qatar Petroleum (QP) and Maersk Oil.
THE UAE Ministry of Foreign Affairs, along with Masdar, signed a partnership arrangement with the New Zealand Ministry of Foreign Affairs and Trade to accelerate the global deployment of renewable energy, particularly in Pacific Island countries.
DUBAI Investments Park (DIP), the largest integrated commercial, industrial and residential community in the Middle East and wholly-owned subsidiary of Dubai Investments PJSC, has announced that Phase 8 – the final phase of the 2,400 hectare mixed-use development – will be fully completed by the end of the first quarter of 2014.
Telecom firms join consortium MAJOR Middle East telecom service providers including Telecom Egypt, Etisalat, Omantel, Ooredoo and Mobily have joined a consortium that will build a new and unique high-capacity cable system connecting Hong Kong, Asia, the Middle East, Africa and Europe.
