Regional News
September 2016

Dubai government-owned Emirates National Oil Company (Enoc) is set to increase capacity at its Jebel Ali oil refinery to 210,000 barrels per day (bpd) and undertake other key projects as part of an ambitious five-year strategy.






September 2016

Companies in the Gulf Cooperation Council (GCC) are increasingly under price pressure because of clients’ growing negotiation power and overall lower demand, an international study shows.  Eight out of 10 companies across industries worldwide are worried about rising price pressure.






September 2016

Initial groundwork of the Sino-Oman Industrial City, an ambitious project that is expected to draw $10.7 billion in investment into the Special Economic Zone (SEZ) in Duqm, Oman, has commenced.






September 2016

Belgiium-based Daikin Europe, a wholly-owned subsidiary of Daikin Industries, has partnered with BPE Partners, a leading Egyptian private equity firm, to establish Daikin Air Conditioning Egypt. The subsidiary is headquartered in Cairo, and kicked off operations during August said a statement from the company.






September 2016

Dubai Industrial Park (DIP), the dedicated industrial hub within Dubai Wholesale City, is offering 70 pre-built storage and light industrial unit warehouses for lease to meet the needs of the region’s manufacturing and logistics sector.






September 2016

Kuwait-based Equate Petrochemical Company has continued its global growth through its wholly owned subsidiary MEGlobal with the launch of work on a new world-scale ethylene glycol (EG) manufacturing facility in Freeport, Texas, US.






September 2016

Aluminium Bahrain (Alba), one of the world’s leading aluminium smelters, has won the ‘Best Nationalisation Initiative’ certificate at the Mena HR Excellence Awards 2016, which was held recently in Dubai, UAE.






September 2016

Blumberg Grain said its mega project to store Egyptian grains was back in play, with the government to announce a final decision in two weeks, after earlier indications that plans had been shelved and the company might exit the country entirely.






September 2016

Middle East-based energy, manufacturing and transportation firms face significant threats to their Industrial Control Systems (ICS), according to a new report. The report by Booz Allen Hamilton, a global consulting and technology firm, highlights threats to ICS in 2016 and 2017, and the most effective measures to counter them.






September 2016

Asry names chief executive BAHRAIN-based Arabian Shipbuilding and Repair Yard (Asry) has appointed Magdy Mustafa as its acting chief executive. The new appointment follows the resignation of the current chief executive for family reasons, said a statement from the company.






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