Regional News
December 2017

The GDP of the GCC is expected to grow from just 0.3 per cent in 2017 to 2.8 per cent next year, while the same in the wider Middle East will accelerate from 1.4 per cent in 2017 to 3.2 per cent next year, a report said.






December 2017

Aluminium Bahrain (Alba), the Bahrain-based international aluminium smelter, announced a major safety milestone as its Casthouse achieved 5 million hours without Lost Time Injury (LTI), last month.






December 2017

Jafza, the Dubai flagship logistics hub of global trade enabler DP World, said that trade in steel and building materials reached Dh13.5 billion ($3.6 billion) during 2016 with further increases expected as the free zone continues to develop services for companies in the sector.






December 2017

Dubai's Jebel Ali Free Zone (Jafza), one of the world’s largest free zones, and a subsidiary of global marine terminal operator DP World, has seen 7 per cent growth in the number of oil and gas companies in the free zone during 2016.






December 2017

The UAE is primed for a new wave of small and medium-sized enterprises (SMEs) development led by innovation and technology, according to a new report titled ‘Charting the Future of SMEs in the UAE’. The report was launched on the sidelines of the SME Beyond Borders 2017 conference held under the theme ‘SME4X’ in Dubai, UAE.






December 2017

The demand for paints and coatings in Saudi Arabia is currently sluggish due to a dip in crude oil prices. However, government plans for economic diversification and social construction are set to augment market growth, a report said.






December 2017

Saudi Arabia's National Digitization Unit (NDU) has signed an agreement with technology major GE to drive digital industrial diversification and the application of innovative business models, supporting Saudi youth in becoming key partners in progressing the digital transformation of the kingdom.






December 2017

Bahrain will host an India Week next year to boost trade and investment between the two countries, a key project resulting from a partnership between India’s PHD Chamber of Commerce and Industry and Bahrain-based Al Hilal Group.






December 2017

The Gulf Petrochemicals and Chemicals Association (GPCA) has launched the GPCA Legacy Initiative and GPCA Legacy Award “Al Rowad” dedicated to the pioneers of the chemical and petrochemical industry in the Gulf.






December 2017

Ras Al Khaimah Chamber of Commerce and Industry organised a celebration of its golden jubilee titled “Fifty Years of Achievements”. The celebration was held under the patronage of HH Sheikh Saud Bin Saqr Al Qasimi, Member of the Supreme Council, Ruler of Ras Al Khaimah.






December 2017

The combined value of the 361 active oil and gas projects in the GCC has crossed $331.4 billion in November 2017, according to a report by BNC Network, a leading project research and intelligence provider in the Middle East and North Africa (Mena) region.






December 2017

Oman-based Ithraa, a leading inward investment export development agency, and Petroleum Development Oman (PDO) have signed a three-year collaboration agreement aimed at helping raise the sultanate’s global business profile, assist local firms expand their business portfolios regionally and internationally as well as promote PDO’s busine






December 2017

Gulf Stevedoring Contracting Company (GSCCO), part of the Gulftainer group of companies, has appointed Richard James as its new managing director. Gulftainer is the world’s largest, privately owned, independent port operator based in the UAE.






December 2017

Aramco, Sabic sign COTC deal SAUDI ARAMCO, a world leader in integrated energy and Sabic, a global leader in diversified chemicals, have signed a memorandum of understanding (MoU) to build a fully-integrated crude oil to chemicals (COTC) complex in Saudi Arabia.






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