LG Electronics and its sole distributor in Saudi Arabia, HG Ibrahim Shaker Co Ltd, have announced the inauguration of an air conditioning joint venture factory named LG-Shaker Co Ltd in Riyadh.
Abdullah bin Ahmed Zaniel Ali Reza, the Saudi Minister of Commerce and Industry, and Lee Jaegil, Korean Ambassador to Saudi Arabia, were present at the ceremony...
GI updates you with the latest tenders available in the Gulf region and beyond.
BAHRAINTender No T080089. Provision of manpower and equipment for internal cleaning of 4A CDU/5VDU (22F1, 22F1A, 22F1B, 22F2, 24F1 & 32F1) furnace tubes by Aqua-milling process or similar. Bid bond is BD500. Documents can be obtained from the The Bahrain Petroleum Company...
New signs have surfaced that inflation in the Gulf Arab region will continue to rise from record levels, raising pressure on governments to rein in money supply growth and shield people from price pressures.
Inflation in Kuwait, the only Gulf oil producer without a dollar-pegged currency, remained around a record 10 per cent in March, while the UAE money...
Cisco has announced an evolved architecture that helps empower businesses to meet and exceed mobility demands and move beyond basic wireless networking into the next generation of business mobility – transforming the way business is done by fostering broader collaboration and new levels of productivity.
This announcement is part of Cisco Motion –...
Global marine terminal operator DP World Limited (DP World) has announced that it has signed a binding sale and purchase agreement for a 60 per cent shareholding in Contarsa Sociedad de Estiba (Contarsa), a privately owned company which holds the exclusive concession for the Tarragona container terminal in northern Spain.
The transaction has received...
The first ‘hot metal’ was successfully produced at the Sohar Aluminium (SA) smelter in the first half of June, on schedule and after three years of meticulous construction and planning.
The first production, witnessed by SA chairman Ahmed Al Wahaibi and a host of SA officials, shareholder representatives and other special guests, marked the beginning...
Dubai Cargo Village (DCV) has made enviable progress from the time it was established in 1991, achieving double digit growth year-on-year all the way.
Last year it handled around 1.7 million tonnes of freight, compared with just over 1.5 million tonnes in 2006, an increase of more than 10 per cent. Despite capacity restraints, Cargo Village has been...
Saudi state-owned mining company Maaden, which plans an initial public offering in July, has said it has secured loans worth several billion dollars from Saudi and Korean institutions for its phosphate project.
A statement on the official Saudi Press Agency (SPA) said the financing included direct loans of $1.07 billion from the Public Investment Fund and...
A new hub in the aluminium industry is emerging in the Middle East, with the potential to become a leading sector of the aluminium market in the years to come.
In 1980, the region contributed 1 per cent of the total world aluminium production. Today, it accounts for about seven per cent of the 38 million tonnes of metal produced on the world market each...
Australian marine technology innovator Mobilarm launched its new commercial marine product to coincide with the Offshore Technology Conference in Houston, held in early May.
The Mobilarm V100 VPIRB (VHF position indicating radio beacon) is designed to provide commercial mariners with a faster, more efficient man overboard (MOB) rescue system than...
Abu Dhabi aims to raise power generation capacity by 35 per cent within five years, but may face challenges in attracting foreign firms as competition for projects across the Gulf Arab region heats up.
Demand will rise almost 80 per cent in the same period to 10,600 MW, while capacity reaches 12,503 MW in 2010, Abu Dhabi’s five-year strategic plan...
A new generation of flowmeters for water and waste water treatment applications has been launched by ABB at the International Water & Effluent Exhibition in the UK (IWEX).
The WaterMaster flowmeter range brings a host of advanced features and functionality, including superior measurement capabilities enabling users to operate more efficiently, reduce...
Pan Gulf Technical Services (PGTS), a specialist in induction heating applications for a range of industries, has currently around 50 units with 100 per cent utilisation on sites in Saudi Arabia, a company spokesman said.
PGTS, a division of the Saudi Pan Gulf Group, performs as a rental service provider in exclusive partnership with Rapid Heat Systems- UK...
Normally, pipelayers are found wherever water, gas or oil pipes need to be laid. Where most of the construction machines of this type are being used to build pipelines, there are also a few that move conveyor belts at open pit mines.
This is the case in Garzweiler, Germany, where one of Europe’s largest power producers, RWE Power, produces approximately...
The Industrial City of Yanbu is set for its next big phase of expansion with 80 projects in the design and planning stages, according to details provided by the Yanbu directorate of the Royal Commission of Jubail and Yanbu.
Among companies that feature in the list are Saudi Aramco, Sabic, Marafiq and Al Yamamah. Start-up for the projects will occur between...
As signs appeared that the US was still facing recession, a senior Chinese finance ministry official said any excessive fall in the dollar’s value would not be in the interest of the US or the global economy and that China hoped US officials would take effective steps to address that issue.
“We hope that the US will take a responsible stance to the...
BahrainBahrain Wastewater PrivatisationOwner: Bahrain Ministry of Electricity and Water
Budget: $2 billionScope: The project calls for the privatisation of Bahrain’s wastewater sector. The project also includes the construction of a new sewage treatment plant in the Muharraq region.Update: Sources close to the project indicated that HSBC would lead a...
Knowledge Village showcased in US
