Regional News
July 2018

 Aluminium Bahrain (Alba), an international aluminium smelter, recently commissioned the state-of-the-art batch homogeniser from Hertwich Engineering, a company of the SMS group, in Casthouse 3 for specialised billet requirements.






July 2018

Dubai-based global marine terminal operator DP World said it has reached an agreement with Canada’s Port of Prince Rupert on the terms of a project development plan that outlines the next phase of expansion for the DP World Prince Rupert Fairview Container Terminal.






July 2018

Emirates Global Aluminium,, a leading industrial company in the UAE outside oil and gas, has said that its project to develop a bauxite mine and associated export facilities in the Republic of Guinea, West Africa, has reached 50 per cent construction completion.






July 2018

The Suez Canal Authority has signed a protocol of cooperation with Agility, a leading global logistics provider, to establish a logistic centre in Egypt’s East Port Said Governorate, an important and strategic site on the Mediterranean Sea.






July 2018

Mammoet, a global engineered heavy lifting and transport specialist, has moved to a new operational hub in the city of Jubail, Saudi Arabia, to strengthen its presence in the country and better serve its clients.






July 2018

Foreign Direct Investment (FDI) inflows to Bahrain grew 114 per cent in 2017 to $519 million, according to data released by the United Nations Conference on Trade and Development (UNCTAD), the fastest growth rate in the GCC. The rapid growth came in spite of a drop in global FDI of 23 per cent.






July 2018

Bahrain's overall growth in 2018 is projected at 3.2 per cent on a recovery in oil production, rising refinery and aluminium production capacity and continuation of GCC-funded projects, an International Monetary Fund (IMF) mission said.






July 2018

Dubai Airport Freezone Authority (Dafza) has developed Dubai Blink, the world’s first B2B smart commerce platform, which will utilize artificial intelligence (AI), blockchain technology and virtual business licenses, allowing companies from around the world to connect and trade via Dubai.






July 2018

Kanoo Shipping, one of the largest regional shipping agencies in the Middle East, has announced an agreement to acquire Wallem South Africa, a provider of integrated maritime solutions in the cities of Durban and Cape Town.






July 2018

State-owned Oman Drydock Company (ODC) is preparing the groundwork to scale up its capabilities with the goal of venturing into shipbuilding business for the first time in the nation’s modern history, said a report.






July 2018

Oman-based Suhar Cement will start operations at its new facility, featuring a cement-grinding unit with a capacity of around 240 tonnes per hour, later this year, to help increase the domestic cement production capacity and reduce the sultanate’s dependence on its imports, said a report.






July 2018

Fifteen industrial facilities entered production in Abu Dhabi during Q1 2018, an increase of 275 per cent from the corresponding period last year, said a media report. The total investment value was around Dh492.






July 2018

GlassPoint Solar, a leading supplier of solar energy has partnered with National Aluminium Products Company (Napco), Oman’s largest aluminium provider, to generate sustainable in-country value (ICV) within the Sultanate.






July 2018

Continental, a leading German tyre manufacturer, has introduced the first batch of its new Generation 6 tyre range which has been specifically designed for the Middle Eastern market.






July 2018

More than 60 per cent of the UAE’s top small and medium enterprises (SMEs) are confident of achieving as much as 20 per cent growth for remainder of 2018 compared to their performance last year, a report said.






July 2018

UAE-based Al Rashed Peikko said its sales and production unit, Peikko Gulf, has started building a new factory and warehouse premises on an industrial plot in Ras Al Khaimah, UAE, at an investment of around $4.7 million.






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