Features
UAE’s economic growth to gain pace

The UAE economy is set to fast track growth this year and in 2019 after a difficult 2017 when growth slowed to a seven-year low of 1.5 per cent. According to the The Institute of Chartered Accountants in England and Wales (ICAEW), the UAE’s gross domestic product (GDP) is expected to accelerate to 2.6 per cent growth in 2018 and to around 3.8 per...

UAE and China deepen ties

China and the UAE signed a raft of financial, business and trade agreements during a visit by Presid ...

China fund acquires 24pc stake in Dubai solar plant

China’s Silk Road Fund will acquire a 24.01 per cent equity interest in the 700-MW Dewa concen ...

UAE to launch SME financing platform

The UAE’s Securities and Commodities Authority (SCA) is working with the Ministry of Economy a ...

Ajman’s new `friendly’ zone

The Ajman Media City Free Zone (AMCFZ), the newest free zone in the UAE, has announced a range of co ...





Iraq offers $30bn FDI opportunities

The government of Iraq is committed to implementing a stable macroeconomic framework driven by significant growth potential in the oil and gas sector as well as non-oil industries, said a recent study. A potential leader in emerging markets, Iraq offers unlimited investment opportunities and requires over $30 billion of foreign direct investment (FDI) per...

Iraq’s economy expected to take off this year

After a tough year of recession, growth is set to return to Iraq’s economy, said a report. Ba ...





Aramco in talks to buy Sabic stake

Saudi Aramco has confirmed that it is engaged in very early-stage discussions’ with Saudi Arabia’s sovereign wealth fund — the Public Investment Fund, regarding acquiring a strategic interest in global plastics and petrochemicals maker Saudi Basic Industries Corp (Sabic). Saudi Arabia’s state-owned oil company and one of...

Sabic maintains its competitive edge

As Saudi Basic Industries Corp (Sabic), the world’s fourth-biggest petrochemicals company, rep ...





New radio remote controls for hoists

J D Neuhaus (JDN), a leading player in air hoists, cranes, trolleys and monorail hoists, has further enhanced its remote control capabilities with the launch of three remote control models: RC-X, RC S and RC-SP. Each comprises a transmitter and receiver and all can either be integrated in existing JDN solutions or directly combined with a new JDN...

Verlinde hoists success for SGT

Verlinde, a leading French manufacturer and exporter of lifting and handling equipment, has equipped ...

Dalby to expand into Middle East

Dalby, a company with 50 years’ experience in hydraulic hooklifts, aims to expand its operatio ...

Hiab to supply 26 cranes to Rock Logistics

Hiab, part of Cargotec, will supply Rock Logistics with 26 remote-controlled loader cranes for its d ...





Power cables sales to reach $2.5bn

The UAE power cables market revenues are projected to reach $2.5 billion by 2024, according to a new report by 6Wresearch, a global market research and consulting firm. The report, titled `UAE Power Cables Market (2018-2024)’, estimates and forecasts the overall UAE power cables market by voltage rating, applications and regions. The UAE power...

E-marine wins Huawei Marine Networks contract

E-marine, a leading firm in providing marine engineering and installation services for submarine cab ...

Imprinting cables at lightning speed

When hunting, a lion can run at speeds of more than 60 km per hour. Modern cable extruding machines ...

Prysmian adds to FlexRibbon products

Italy-based Prysmian Group, a global leader in energy and telecom cable systems sector, has announce ...

Ducab voted Superbrand

Ducab, the Middle East’s leading manufacturer of cables and cabling products, has been named o ...





GCC plastic market set to reach $50bn

The GCC plastic market is expected to reach the market size of $50.2 billion by 2025, while growing at a CAGR of 5.9 per cent during 2017-2025, a new report said. According to the ‘GCC Plastic market outlook’ by Goldstein Research, the GCC chemical industry is growing at a rate of 9 per cent annually impacting the similar growth pattern for...

Surge in corrosion resistant plastics

Specialty materials are required to perform under extreme conditions of temperature, pressure, and c ...

New bio-based material developed

VTT, one of Europe’s leading research, development and innovation organisations, has developed ...

Automotive plastics sales to top $50bn

Rising vehicle production along with consumer demand for fuel-efficient, durable and lightweight veh ...

Neste to reuse plastic waste

Neste, one of the world’s leading producer of renewable diesel, is now exploring ways to intro ...





Location solutions unveiled

Zebra Technologies Corporation, a leading player in rugged mobile computers, barcode scanners and printers enhanced with software and services to enable real-time enterprise visibility, has unveiled the industry’s most comprehensive portfolio of business-class location solutions for the manufacturing and transportation and logistics industries. Zebra...

Exechon sells XMini tool to UAE firm

Exechon Enterprises, a joint venture (JV) company, has sold an XMini industrial robotic manufacturin ...





Textile firm keen on training

Oman-based SV Pittie Sohar Textiles said it has broken ground on its new training centre for cotton-yarn manufacturing skills development at Sohar Free Zone. The manufacturing facility, which has already started its construction activity, will be operational in March next year. Being built with an investment of $300 million, on a 27 hectare area, SV...

WestPoint Home to expand facility

WestPoint Home (WPH), a global marketer and manufacturer of home textiles, plans to invest $2 to $3 ...





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