News
Agreement signed for Jizan smelter

MMC International Holdings and Saudi Binladin Group (SBG) have signed an agreement with Aluminum Corporation of China Limited (Chalco) to develop, own and operate an aluminium smelter at Jizan Economic City (JEC). The project will cost $3 billion and have an annual production capacity of one million tonnes. The plant will be developed by Sino-Saudi Jizan...

Dubal’s output grows

State-owned Dubai Aluminium Co (Dubal) increased output by 14 per cent year-on-year in the third qua ...

Greeks keen to invest in RAK

Ras Al Khaimah Investment Authority (Rakia), the government body responsible for the socio-economic ...

DI City sets up academy

Dubai Industrial City has set up the Dubai Industrial Academy (DIA), a dedicated vocational training ...

Sassco training centre opens

Saudi Arabian Sensing Solutions Co (Sassco), the joint company formed by GE Sensing and the Tamimi G ...





Projects in the Gulf

BahrainAddur IWPP Owner: Bahrain Ministry of Electricity and WaterBudget: $2 billion- Desalination Budget: $4 billion- PowerScope: The project calls for the design, supply, construction and 25-year operation of a facility with a capacity of 4,000 megawatt (MW) and 100 million gallons per day (mg/d). The plant will be located on the eastern side of the main...





Latest tenders

GI brings you the latest tenders of events from the Middle East and beyond. BAHRAINTender No MOH/034/2007. Supply of ENT surgical instruments for cochlear implants. Bid bond is BD500. Documents can be obtained from the Materials Management, Ministry of Health, tel: 17285199/17285572/ 17285592, fax: 17270979, by payment of BD15. CD January 23 Details for...





Statistics

Growth to accelerate in three statesEconomic growth in Saudi Arabia, Kuwait and Qatar will probably accelerate in 2008, a Reuters poll of economists showed. The growth forecast is underpinned by greater oil and gas output, and expansion of non-oil businesses such as finance. Growth in the UAE — the second-largest Arab economy — and Oman will stay...





Nissan Urvan achieves sales landmark

Gulf sales of Nissan’s Urvan have surpassed a significant milestone with over 1,000 units sold in November 2007. It was the first time that milestone was reached in a month, Nissan’s  regional office said. Across the region Nissan’s national sales companies sold a total of 1,022 Nissan Urvans, demonstrating its strong appeal in the Light...

GM opens design studio for electric vehicles

General Motors (GM) announced the opening of a new studio dedicated to the company’s next generati ...





New Honeywell wireless solution for plants

Honeywell, in collaboration with SKF, has introduced the OneWireless Equipment Health Monitoring (EHM), the latest addition to Honeywell’s portfolio of industrial wireless solutions. OneWireless EHM will wirelessly transmit complete spectral information – including vibration amplitude and operating parameter information – from the field to the plant...

Zain discusses African prospects

African leaders met with Zain CEO Dr Saad Al Barrak to discuss opportunities in accelerating economi ...





Dubai emerging as key maritime cluster

DNV Maritime Solutions, the maritime consulting arm of the Det Norske Veritas (DNV), has announced that it has completed a comprehensive study on global maritime clusters, which reveals that Dubai is set to emerge as one of the world’s most competitive maritime clusters in the near future. DNV’s project manager, Ari Marjamaa, commented: “The report...

GAC expands in Australia

The GAC Group, whose corporate headquarters is in Dubai, has announced a major expansion plan with t ...

DHL enhances road service

DHL, the express and logistics company, has announced it has enhanced its Express Freight service to ...

Emirates Shipping witnesses surge

Emirates Shipping Line has announced that its operations have grown by 30 per cent since its incepti ...

Work to begin on terminal

The Saudi Trade & Export Development Company (Tusdeer) has announced that construction of its $4 ...





Comprehensive fair set for opening

Bookings were being finalised for remaining slots at the Gulf Industry Fair (GIF 2008), the keenly awaited comprehensive industrial event as it drew closer towards opening day on January 15. “We are all delighted with the level of support we have received from our sponsors and exhibitors. Our thanks to all who have helped us exceed our original...

Hypertherm’s wonder cutting tool

In most technologies, smaller and more portable is the dominating trend and technologies for metal w ...

MA Ford launches advanced drill

MA Ford (Davenport, Iowa) has introduced an advanced drilling solution, namely, the all-new Twister ...

Haeusler recognised for expertise

With 70 years of experience behind it, Haeusler AG is recognised as a worldwide leader in the develo ...

AIC among exhibitors

For Saudi Arabia’s Arabian International Company (AIC), the Gulf Industry Fair will be a prime opp ...





New Most product a boon to industries

MTL Open System Technologies (Most), a member of the MTL Instruments Group, has announced the release of its Matrix v.8.2 process control system that features integration with the Wonderware System Platform 3.0 software and enhanced security. “Our control solutions have always made extensive use of Wonderware software solutions such as InTouch (operator...

LevelMax, a ‘revolutionary’ offering

Clark-Reliance, a Strongsville, Ohio-based global leader in the level indication and control, sight ...





Dow, PIC team up for plastic enterprise

The Dow Chemical Company (Dow) and Petrochemical Industries Company (PIC) of Kuwait, a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC), have announced plans to form a 50/50 joint venture that will be a market-leading, global petrochemicals company. “We’re creating a petrochemicals company that will be a global leader from its first day of...

Sabic plastics exits BASF venture

Sabic Innovative Plastics has signed an agreement to divest itself of its share in a 12-year joint v ...

Hanwha acquires Azdel

Hanwha Living & Creative (L&C) Corporation has announced that it has finalised the acquisiti ...

Octal begins exports to India, China

Oman-based Octal Petrochemicals, seeking to exploit the growing Asian demand for plastic packaging, ...

New Bormod grade launched

In response to the needs of the food packaging industry for more efficient and higher quality packag ...





A driving force for the national economy< --top3-->

Free Zones have played a very crucial role in the economic development of the UAE. Stability, transparent regulations, key locations, clusters of international companies, warehousing facilities, easy transportation of goods and pro-business environments are the hallmarks of free zones in the UAE. They are all investor friendly granting 100 per cent foreign...

Gietart to serve ME from Dubai

Gietart, the world’s leading modern machine factory has opened its Middle East headquarters in the ...

Jet fuel facility set up

The Government of Sharjah and Air BP, a leading global marketer of aviation fuels and related suppor ...

Jafz lists sukuk on DIFX

Jebel Ali Free Zone FZE (Jafz) has listed a Dh7.5 billion ($2.04 billion) sukuk on the Dubai Interna ...





Diversification in full flow< --top2-->

Abu Dhabi is currently focusing on an economic diversification programme aimed at reducing its reliance on hydrocarbons. As part of its diversification strategy, the government is making huge industrial investments in a bid to push forward with developments while oil revenues are high. The private sector’s involvement is also vital. Abu Dhabi has...

Al Jaber acquires large crane

Al Jaber Heavy Lift and Transport, a member of the Abu Dhabi-based Al Jaber Group, recently acq ...

Cavotec opens Abu Dhabi office

Cavotec MSL, a leading supplier of environmentally friendly power solutions, is in an expansive mode ...

Edara opens office in Abu Dhabi

One of the region’s leading project management companies has opened its new office in Abu Dhabi. ...

Ports company selects Injazat

Abu Dhabi Ports Company (ADPC) has announced it has selected Injazat Data Systems, a leading Informa ...





Security in all its facets in spotlight

Once again professionals involved in all facets of security will gather in Dubai this month to discuss the latest technologies and launch the latest products and services in their areas of activity. Intersec Middle East, the biggest trade show and conference spread of its kind in the region, is due to be held from January13 - 15 at the Dubai International...





MESC moving on to world stage

Middle East Specialized Cables Company (MESC) has said its conversion from a Saudi limited liability company into a joint stock company in 2007 is the harbinger of greater developments in the company. The plan was to expand and become a player on the world stage, it said.MESC, established in 1992, listed 9.6 million shares of a total of 32 million shares...

Power-Gen speakers to deal with key issues

Power-Gen Middle East 2008, which is preparing an exhibition and conference platform for the power a ...





Privatisation a promising factor

Bahrain has made strong strides in privatisation as part of its general economic policy and has also succeeded in drawing to itself a substantial amount of foreign direct investment (FDI) over the past few years. It has advanced from receiving an average annual FDI of $460 million before 2000 to $2.9 billion in 2006, a progress Bahrain’s Export...

GIIC to expand, diversify

Rising international demand has prompted a Bahrain firm manufacturing iron ore pellets to plan two s ...

Alba output exceeds target

Aluminium Bahrain (Alba) was expecting to produce about 862,000 tonnes of high-grade primary alumini ...

GPIC seeks to raise output

Work is in progress to increase production of methanol and urea at Gulf Petrochemical Industries Com ...

Arcapita acquires drill bits maker

Arcapita Bank BSC(c), a leading international investment firm headquartered in Bahrain, has announce ...





New China law could push firms to migrate

A new labour contract law will push up business costs in China in 2008 and could force firms that are already struggling with rising expenses to shift production inland or out of China altogether. The law will increase labour costs markedly and reduce the flexibility that has made China the world’s factory, businessmen and analysts say.“To be frank, in...

Asian giants losing edge

India and China are losing their competitive advantage on wages, and employers will increasingly loo ...

UK registers resilience

The UK manufacturing sector picked up pace unexpectedly in November and output price inflation rose ...

India growth forecast

India is confident its economy will grow by more than 9 per cent in the fiscal year to March-end des ...

In brief

Doosan completes buyout of IR firmsDoosan Infracore has announced that it has completed the acquisit ...





New port a powerful catalyst for growth

Bahrain’s new port project is progressing well and set to assume its role of serving existing businesses and emerging industries in its vicinity well before the end of 2008, the head of the kingdom’s ports authority has said. The Director General of the General Organisation of Sea Ports (GOP), Ebrahim Hassan S Al Hassar, also said the Khalifa bin...

APM seeks gateway role for Bahrain

Bahrain’s location and APM Terminals’ ‘best practices’ will combine to see the kingdom estab ...

Work in full swing at project site

Work is proceeding in full swing at the Port Khalifa bin Salman project in Hidd and expectations are ...





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