Regional News
March 2020

The world’s largest aluminium smelter outside of China, Aluminium Bahrain (Alba), reported a profit and total comprehensive income of BD13.82 million ($36.76 million) for the fourth quarter of 2019 versus a loss and total comprehensive loss of BD17.54 million ($46.






March 2020

Abu Dhabi had witnessed a 57 per cent growth in its industrial facilities last year which rose to 66 from the 2018 figure of 42 facilities. The combined investment value of these units surged to Dh6.3 billion ($1.7 billion), according to official data released by the Abu Dhabi Department of Economic Development (ADDED).






March 2020

The Abu Dhabi Department of Economic Development’s (ADDED) Industrial Development Bureau has announced the implementation of the first phase of its ‘e-connection’ project in partnership with local and federal entities to facilitate the issuance of industrial licences in Abu Dhabi.






March 2020

Oman's Khazean Economic City has signed its first GCC investment with Saudi Arabia’s Al Watania Al Khalijyah for Paper Products. The project is considered as Oman’s first-of-its-kind carton plates manufacturing unit with an initial investment of RO2 million ($5.2 million).






March 2020

Sharjah Chamber of Commerce and Industry (SCCI) has collaborated with the Department of Town Planning & Survey, Sharjah Roads and Transport Authority (SRTA), and Sharjah Water and Electricity Authority (Sewa), for the launch of an infrastructure development project for the 10th Industrial Zone in the northern emirate.






March 2020

Bahrain's value of imports increased by 20 per cent, reaching BD445 million during January 2020 compared to BD372 million for the same month the previous year, while the value of exports of national origin decreased by 5 per cent to BD160 million ($424.47 million).






March 2020

Bahrain’s Gulf Petrochemical Industries Company (GPIC) has signed an agreement with the Italian oilfield services company Saipem to study the feasibility of various new projects in Bahrain.






March 2020

Arla Foods, a leading international dairy company, has introduced its range of Baby&Me Organic milk supplements and other food products to the UAE market, at an event held in Dubai, UAE.






March 2020

German technology company Bosch has opened its new Olaya showroom located at Olaya St. Al Aam, in Riyadh, with an event celebrating not only the second Bosch brand store in Saudi Arabia but also the biggest.






March 2020

Global marine terminal operator DP World said work was moving at a steady pace on the Dubai Maritime City with more than 25 per cent of infrastructure work completed in the first phase of the project and set for completion by 2021. The Dh140 million ($38.






March 2020

Grandweld Shipyards, a leading UAE-based ship repair and conversion facility, has secured a contract to build four 41-m fast support vessel (FSIV) for Saudi-based offshore oil and gas service provider, High Seas Marine Industrial Services (HSM).






March 2020

Metso announced in 2018 a greenfield foundry project in Vadodara, India, with a target to increase the casting wears capacity for the mining and aggregate industries. The first pour event has been celebrated in India, and the foundry will start production for customer deliveries for local and global markets this month.






March 2020

Brazil's trade surplus with Arab countries in January 2020 went up 51.82 per cent to $624.15 million, compared to the same month in the previous year, said an Arab-Brazilian Chamber of Commerce (ABCC) report. Saudi Arabia, Egypt, and the UAE remained the top importers of Brazilian goods during the first month of the year.






March 2020

Almajdouie travel firm named GSA of GoAir for Saudi Arabia ARJAA Travel and Tourism, part of Almajdouie Group, has been appointed as the general sales agent (GSA) for GoAir for Saudi Arabia.






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