Regional News
October 2018

Aluminium Bahrain’s  (Alba) Line 6 Expansion Project is a turning point for Bahrain and the aluminium industry in the region, Alba chairman Shaikh Daij Bin Salman Bin Daij Al Khalifa said.






October 2018

Saudi Basic Industries Corp (Sabic), a global leader in diversified chemicals, has received approvals for the purchase of a 24.99 per cent stake in Clariant, the Swiss-based speciality chemicals leader said.






October 2018

Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has received the first shipment of caustic soda for its under-construction Al Taweelah alumina refinery, marking a major milestone in the project development, a media report said.






October 2018

The Abu Dhabi trade in aluminum has surged to around Dh2.6 billion ($707 million) during the first seven months of 2018, corroborating the prestigious position enjoyed by the emirate in particular and the country in general across this industry, reported state news agnecy Wam, citing official data.






October 2018

The GCC fertiliser production capacity is likely to reach 38.9 million tonnes this year and poised to hit an estimated 47 million tonnes by 2025 growing at a CAGR (compound annual growth rate) of 7.7 per cent between 2007 and 2017.






October 2018

Bahrain has attracted a record number of investments this year as businesses from around the world continue to look to the kingdom to access opportunities in the $1.5-trillion Gulf economy, the Bahrain Economic Development Board (EDB) has said.






October 2018

The value of the Bahrain- origin exports hit BD184 million ($485 million) during August as against BD182 million for the same month of the previous year, marking an increase of 1 per cent, said the Information & eGovernment Authority (iGA).






October 2018

The UAE Cabinet, chaired by HH Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, has adopted a resolution to support the industrial sector by introducing reduced fees of electricity consumption for large, medium and small factories, reported state news agency Wam.






October 2018

Abu Dhabi government has rolled out the Dh50-billion ($13.6 billion) development accelerator programme which will be based on four main tenets: business and investment, society, knowledge and innovation, and lifestyle.






October 2018

Kanoo Logistics, a business division of Yusuf bin Ahmed Kanoo (YBA Kanoo) Group, has announced the launch of its new state-of-the-art logistics facility near the King Abdul Aziz Port in Dammam, Saudi Arabia. The facility possesses a 100,000-sq-m yard, which includes a 10,000-sq-m warehouse.






October 2018

Accumulated benefits of Dubai Metro in the period between its establishment in 2009 and end of 2016 reached Dh66 billion ($18 billion) compared to accumulated capital and operational costs of about Dh41 billion, that is, the cost-benefit ratio reached 1.6 by the end of 2016, a report said.






October 2018

Dubai Chamber has signed an agreement with the Shanghai Federation of Industry and Commerce aiming to facilitate bilateral trade and investment, build bridges between the UAE and Chinese business communities and encourage knowledge sharing.






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