Regional News
November 2016

There were 11,288 small and 2,707 medium enterprises (SMEs) in the GCC in 2015, that added up to form 82.9 per cent of the total 16,890 manufacturing factories in the region, said the chief of the Gulf Organization for Industrial Consulting (GOIC).






November 2016

The board of directors of Bahrain-based Arabian Shipbuilding and Repair Yard (Asry) recently held its 145th meeting and confirmed that the selection process for a new chief executive will be made before December.






November 2016

GE’s eight-decade-long presence in Saudi Arabia marked another milestone last month with the official opening in Dammam Second Industrial City of Phase II of the GE Manufacturing & Technology Center (Gemtec), which the company now describes as the region’s first ‘Brilliant Factory’.






November 2016

Ras Al Khaimah Port, one of the UAE emirate’s five port facilities, has now established a new free zone area that comes under the licence jurisdiction of RAK Maritime City Freezone Authority.   This follows an internal reconfiguration of its land assets, said a statement.






November 2016

Aluminium Bahrain (Alba), a leading international aluminium smelter, has successfully closed its landmark syndicated term-loan facility, the first tranche of the company’s funding plan for the Line 6 Project. Alba’s original target for the syndicated loan was to raise between $500 million and $750 million.






November 2016

Aluminium Bahrain (Alba), a leading international aluminium smelter, said it recently received top honours for its relations with the investors’ community when it won two major awards at the 8th ME Investor Relations Society Awards, in Dubai, UAE.






November 2016

Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of high-performance engineered foams, has announced that it is moving forward with plans to build a new manufacturing facility in Bahrain.






November 2016

fischer Middle East had always been a major player in the GCC when it comes to projects. But now, to further enhance its reach to various customers, fischer has come up with fischer Trade, a newly developed business unit that will focus solely on increasing fischer’s reach into the market.






November 2016

The UAE-based Emirates Global Aluminium (EGA), one of the world›s leading aluminium producers, has opened its container terminal in its new port facility at Kamsar, Guinea. The terminal was inaugurated by Republic of Guinea President Alpha Condé.






November 2016

Saudi to start key railway line THE North-South Railway, the 1,250-km-long rail network which will start from Riyadh and run through Al-Majma’ah, Qasim, Hail and Jouf areas of the kingdom to reach Al Qurayyat, will be launched early next year, said a report citing a senior government official.






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