Regional News
August 2019

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, said its top-line and bottom-line for the second quarter and first-half of 2019 were impacted by lower LME price – a drop of 21 per cent year-over-year ($1,793/t in Q2 2019 versus $2,259/t in Q2 2018).






August 2019

Almajdouie Logistics has launched an independent digital platform aimed at meeting the needs of e-commerce and on-demand trucking customers in Saudi Arabia. mlcGO is a mobile app and web-based solution that enables drivers and shippers to seamlessly connect, matching requirements with availability to provide faster and more efficient service.






August 2019

Virgin Hyperloop One, the only hyperloop company in the world to successfully test its hyperloop technology at scale, has announced a development partnership with the Saudi Arabia’s Economic City Authority (ECA) to conduct a study to build the world’s longest test and certification hyperloop track, as well as a R&D centre and hyperl






August 2019

Saudi Arabian Military Industries (SAMI) said it has acquired a majority stake in Aircraft Accessories & Components Company (AACC) – a Saudi entity of the Economic Offset Program, as part of its ongoing efforts to develop a sustainable domestic defence sector in the kingdom.






August 2019

Saudi Arabia's Ma’aden Aluminium has signed up top European software solutions supplier 8Sigma to help digitise its automotive sheet plant.






August 2019

Dubai's non-oil trade with Ukraine nearly doubled between 2016 and 2018 to reach $571 million last year, while Ukrainian agricultural and metal exports dominated trade volumes, delegates heard at the 5th National Export Forum in Kiev, Ukraine.






August 2019

Arla Foods, an international dairy company, has obtained the licence to use the Kraft brand for the next 12 years in the Middle East on the cheese portfolio recently acquired by Arla from Mondeléz International.






August 2019

Honeywell said one of its units Honeywell UOP has been awarded a major contract by Kuwait Integrated Petroleum Industries Company (KPIC) for the reconfiguration of the refining and petrochemical sections of its Al Zour refinery.






August 2019

The total cumulative investments in various industrial cities in Oman has touched RO6.57 billion ($17.08 billion) by the end of 2018, according to a statement issued by the Public Establishment for Industrial Estates (Madayn). “The cumulative value of investments in the various industrial cities has touched around RO6.






August 2019

First techno-complex in Kuwait KUWAIT is set to build the country’s first techno-complex, a key facility which will contribute to industrial studies and technical research and innovation, on a 200,000-sq-m area in the capital city, according to a report.






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