Regional News
December 2016

The Middle East will require additional power capacity of 267 gigawatts (GW) by 2030. This will take the region’s capacity to 509 GW, from 307 GW today, resulting in an increase of 66 per cent. The next 14 years will also see 66 GW of capacity retired, said Siemens in its outlook for the energy landscape in the Middle East.






December 2016

The UAE has launched an unprecedented six-pillar plan to implement fourth industrial revolution technologies during the annual meeting of the Global Future Councils in Dubai, UAE.






December 2016

Bahrain-based Arabian Shipbuilding and Repair Yard (Asry) has appointed Andrew Shaw as its new chief executive officer, effective early January 2017. Shaw re-joins the company after having previously held the position of general manager of Asry Offshore Services division from 2009 to 2014, said a statement from the company.






December 2016

Aluminium Bahrain (Alba), a leading international aluminium smelter, has successfully upgraded its Casthouse 2 to produce T-Ingot foundry alloy for the first time, which will significantly boost its value-added product portfolio.






December 2016

The number of Japanese companies in the Dubai Airport Freezone Authority (Dafza) grew by 19 per cent at the end of the third quarter of 2016 over the same period in 2015.






December 2016

The Middle East and North Africa (Mena) mergers and acquisitions (M&A) activity and value declined in the third quarter (Q3) of 2016, recording 74 deals amounting to $5 billion, compared to 98 deals amounting to $6 billion in Q3 2015, says top professional services firm EY in a new report.






December 2016

Consumer patterns in Saudi Arabia suggest that households could find it tough to cut spending with the ongoing austerity measures and move to lower priced items, while retailers may resort to discounting to protect market share, a report said.






December 2016

Emirates Global Aluminium (EGA), one of the world’s leading aluminium producers, said it has reached a major milestone in the construction of its Dh11-billion ($3 billion) Al Taweelah alumina refinery with 60 per cent completion of the calciners section of the project.






December 2016

Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside the oil and gas industry, will supply high quality UAE-made aluminium to BMW for use in the manufacture of some of the German car group’s engines.






December 2016

Egypt-based Al Nouran said it will build the largest sugar plant, worth $360 million, in the Middle East and North Africa (Mena) region, with the aim of addressing the country’s sugar shortage. Egypt has long consumed more sugar than it produces, plugging the gap through imports.






December 2016

Qatar Gas Transport Company (Nakilat), one of the world’s largest shippers of liquefied natural gas (LNG), said it has assumed full ship management and operations of Q-Max LNG carrier Umm Slal from StasCo (Shell Trading and Shipping Company). Q-Max is a type of ship, specifically a membrane type liquefied natural gas carrier.






December 2016

A delayed high-speed railway linking Makkah and Madinah in Saudi Arabia, which will benefit 166,000 passengers per day, will finally open in March 2018, said a report, citing the Al Shoula consortium which is building the project.






December 2016

Microsoft has announced a new partnership with Bahrain’s CH9, a start-up accelerator that takes an active role in the development of the kingdom’s small and medium-size enterprises (SME) sector.






December 2016

$296m plant in Morocco GLOBAL Oil Shale, a leading Scandinavian energy company, will set up a cement plant worth MAD3 billion ($296.5 million) worth in Tarfaya, Morocco, located 1,200-km south of Rabat, said a report.






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