Regional News
February 2018

Saudi Basic Industries Corporation (Sabic), a leading petrochemicals company, has agreed to acquire approximately 83 million shares in Switzerland-based Clariant, a global specialty chemicals company, from 40 North and Corvex Management. The acquisition of this approximately 24.






February 2018

Aamal Company, one of the region’s fastest growing diversified companies, has announced that it will set up three new industrial projects through its subsidiary Senyar Industries Qatar Holding. Senyar Industries Qatar Holding is among Qatar’s leading industrial groups in which Aamal is a 50 per cent shareholder.






February 2018

Bauer Resources, one of the leading specialists in site remediation, soil remediation and waste disposal based in Germany, has joined the Sustainable Bioenergy Research Consortium (SBRC) as a Tier-1 partner.






February 2018

Masdar (Abu Dhabi Future Energy Company) is collaborating with Envyron Energy, a subsidiary of Alliances for Global Sustainability, to advance plastic-to-fuel technology, said a report.






February 2018

Dubai-based ports operator DP World and India›s National Investment and Infrastructure Fund (NIIF) have created an investment platform to invest in ports, terminals, transportation and logistics businesses in India.






February 2018

Jebel Ali Free Zone (Jafza), the flagship free zone subsidiary of global trade enabler DP World, has opened the `Jafza Bridge’ for traffic, linking Jafza North and Jafza South across Sheikh Zayed Road.






February 2018

Oman’s Salalah Free Zone (SFZ) and US-based Flex Pharmaceuticals, a biotechnology company, recently signed an agreement to set up an international complex for pharmaceutical industries at a cost of $365 million, said a report. The plant will produce more than 100 compound drugs.






February 2018

Brazil’s total poultry exports, including raw and processed items, rose 5.7 per cent from $6.848 billion in 2016 to $7.236 billion in 2017, according to data released by the Brazilian Animal Protein Association (ABPA). Of this total, 33.51 per cent was exported to the Middle East, which accounted for $2.4 billion, up 2.






February 2018

A joint venture between Cargill and Arasco has opened a new corn milling facility in Al-Kharj, Saudi Arabia, to meet the growing demand of the region’s food and beverage industry. The Middle East Food Solutions Company (Mefsco) Corn Milling Facility is Cargill’s first investment in Saudi Arabia.






February 2018

RAK starts Phase II dredging THE UAE government has started the second phase of dredging operations in connection with the berth extension project at Saqr Port in the northern emirate of Ras Al Khaimah, reported state news agency Wam, citing a notice to Mariners issued by the Harbour Master of RAK Ports.






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