Regional News
August 2016

A long-considered  plan to commercially convert crude oil into chemicals is making headway with the two main parties Saudi Aramco and Sabic signing an agreement to conduct a joint feasibility study.






August 2016

Work has begun on Saudi Aramco’s $2.1 billion industrial gases complex in Jazan. Ground was broken at the site by Jazan Gas Projects Company, a joint venture between Saudi-based Acwa Holding and US-based Air Products. The facility will serve Saudi Aramco’s Jazan refinery and terminal.






August 2016

A consortium led by Abu Dhabi’s Masdar is aiming to raise an $800 million loan to help fund the building of the 800-megawatt (MW) third phase of Dubai’s solar park, the company’s chief executive has said.






August 2016

A wind power project being set up in Morocco by a subsidiary of Saudi-based Acwa Power and another party is making progress. Acwa Power Khalladi, formerly known as UPC Renewables, and 75 per cent owned by Acwa Power and 25 per cent by Arif Investment Fund, has issued orders to suppliers and contracts for the project.






August 2016

Masdar City is now home to the Emirates Nuclear Energy Corporation (Enec) and its operating subsidiary Nawah Energy Company (Nawah). Enec and Nawah moved into their new headquarters recently, underlining the importance of Masdar City as a hub for clean energy and technologies supporting such energy.






August 2016

a chinese delegation headed by Zhang Qingwei, Governor of Hebei Province, visited the headquarters of the Dubai Airport Free Zone Authority (Dafza) to learn the secrets of its success.






August 2016

Dubai's industrial market remained buoyant in the first six months of this year, research from international real estate consultancy Cluttons says.






August 2016

18.6pc surge in Almarai profit SAUDI Arabia’s Almarai, the Gulf’s largest dairy company, reported an 18.6 per cent increase in second-quarter net profit, beating analysts’ forecasts. Almarai made a profit of SR628.8 million ($167.7 million) in the three months to June 30, up from SR530.4 million ($141.






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