News
MIS wins $335m rigs contract

UAE-based Maritime Industrial Services Company (MIS) was recently awarded a $335 million contract for the design and construction of two offshore jack-up drilling rigs for Mosvold Middle East Jackup (MEJU). With this award, MIS is now positioned with a mid-2008 confirmed order backlog of $480 million, an increase of $110 million on its position at this time...

Oderco to supply 10 rigs

Oderco Oil Equipment Company has bagged a Dh500 million ($136 million) contract to supply 10 onshore ...

IQ profit spree continues

Industries Qatar (IQ), owner of the country’s leading manufacturing establishments including those ...

Depa awarded Singapore contract

Depa Limited, a leading interior contractor, said its joint venture, DDS Contracts & Interior So ...

Tripp Lite sees potential in UAE

The UAE needs to spend more than $10 billion to meet soaring power demand, with Business Monitor Int ...





Projects in the Gulf

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





Calendar of events

GI brings you the latest calendar of events from the Middle East. SEPTEMBER 2008  2-4:   China Power, Oil and Gas 2008 Conference and Exhibition Guangzhou, Guangdong Province, China  2-5:  Oil, Gas & Power Central London, UK  3-9:  Instrumentation Scotland Aberdeen Exhibition & Conference Centre,...





GFH initiates big steel venture

Bahrain-based Gulf Finance House (GFH) and several other Gulf institutions have formed a strategic partnership to set up a steel conglomerate embracing both upstream and downstream ventures.The holding company HadeedMENA is looking at creating capacity of 8 million tonnes per year (tpy) in the next four years and eventually 12 million tonnes, serving 15 per...

Gulf Extrusions produces big profile

Gulf Extrusions, one of the largest aluminium extrusion plants in the Gulf, has announced that it ha ...

MBS begins Lahore supplies

Mammut Building Systems (MBS), one of the leading manufacturers of pre-engineered steel buildings, h ...

Diamond summit set for Dubai

Dubai Multi Commodities Centre (DMCC) has announced that it will organise the first Dubai Diamond an ...

Al-Rajhi Steel to double capacity

Al-Rajhi Steel Industries, one of Saudi Arabia’s three largest steel producers, has said it plans ...





Agility Q2 profit declines

Kuwaiti logistics firm Agility, which posted a 9-per cent decline in second-quarter net profit, said operating income in the three-month period fell almost 7 per cent as the firm spent more on expansion.Agility, the Gulf Arab region’s biggest logistics provider by market value, said second-quarter net profit declined to KD35.1 million ($130.8 million),...

DP World, Brisbane port sign lease deal

One of the world’s largest marine terminal operators, DP World, reaffirmed its commitment to Brisb ...

Contract awarded in UK project

DP World, the Dubai-based port operator, has awarded a $745 million contract to British firm Laing O ...

Arcapita buys European logistics firm

Arcapita Bank and its affiliates have signed a definitive purchase agreement to acquire Compagnie Eu ...

ETA Ascon receives vessel

ETA Ascon Star Group has taken delivery of Star of Emirates, the first of a series of three 83,000-t ...





Ohio to inspire KAEC plastics hub

A plastics hub planned for King Abdullah Economic City (KAEC), north of Jeddah, will have PolymerOhio as its inspiration. An MoU has been signed in which PolymerOhio will collaborate in the development of KAEC Plastics Valley, as the specialised zone is called.Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing KAEC, signed the MoU...

Chemanol projects getting ready

Chemanol (Methanol Chemicals Company) has announced that two of its projects currently under constru ...

New paint can indicate damage on planes

Roanoke (USA)-based Luna Innovations, which develops and manufactures products for the healthcare, t ...

Sabic link in diabetes treatment

The World Health Organisation reports that close to 177 million people worldwide currently suffer fr ...

Plastex to be held in October

International plastics manufacturers will affirm their commitment to the Egyptian and Mena markets b ...





Statistics

Kuwait signs $27bn investment dealsKuwait signed more than $27 billion of investment agreements with nine Asian countries, including Brunei and the Philippines, during an Asian tour this month, its finance minister has said.The agreements were in the economic, oil, health and foreign affairs sectors, the daily Awan cited Mustapha al-Shamali as saying.“The...





US may lose race for electric cars

Mounting losses for the US auto industry threaten investment in cutting-edge battery development, raising the risk US companies will be shut out in the race to produce the most valuable components in electric cars, industry executives say.Executives at US auto parts companies gathered for a forum in Traverse City, Michigan, USA, said the US government needs...

Chrysler in tie-up talks overseas

Chrysler LLC has talked with automakers in Russia and India about potential tie-ups and was approach ...





Secure comes on top in study

Secure Computing Corp, a leading enterprise gateway security company, has announced that its Secure Web Anti-Malware engine topped an independent comparative study on anti-malware solutions from 28 vendors conducted by AV Test Labs.  Secure Web detected 97 per cent of the samples with the best response time, and achieved a near-perfect overall...

Email encryption solution launched

Trend Micro Incorporated, a leader in Internet content security, has announced its entry into the em ...





Filmtec membranes serving ME needs

Dow Water Solutions has said its Filmtec reverse osmosis membranes are helping the Middle East meet basic human needs in areas with extremely dry conditions and limited fresh water sources.The company, a business unit of the The Dow Chemical Company, said the technology was used to manage water resources for the 2008 Beijing Olympic Games.“Dow Water...

WB helping meet Yemen needs

The World Bank’s officer for rural development, water and the environment in Sana’a, Naji Abu Ha ...





Abu Dhabi boost for Ducab output

New production units and an acquisition are putting Ducab’s Abu Dhabi facilities in the forefront of manufacturing of cables and related material. Of Ducab’s total production capacity of 200,000 cable tonnes, the Abu Dhabi plants account for around half.Most of the building wires and low voltage cables that Ducab produces now come from Abu Dhabi which...

ADSB profile up with BVT tie-up

Abu Dhabi Ship Building (ADSB) and the UK’s BVT Surface Fleet, who recently announced a tie-up, ar ...

Adyard figures in key projects

Abu Dhabi-based Adyard reached a major milestone in its construction history with the completion of ...

GE equipment powering Emal

GE Energy has received a contract of more than $500 million (Dh1.83 billion) to supply equipment to ...

Mubadala, GE form global partnership

GE and Abu Dhabi-headquartered Mubadala Development Company have announced a framework agreement on ...





New firm will draw from Shaheen Group expertise

Bahrain’s resurgent construction and infrastructure industry has spawned the establishment of a new electromechanical company to serve local and international contractors with expertise its sister companies have gathered over half a century.The new outfit is Shaheen Electromechanical Company (Semco), part of the Shaheen Group, whose origins go back to the...





BIG on the threshold of major ventures

Bahrain Industrial Group (BIG) will rekindle industrial activity in the kingdom and spur job creation while boosting diversification and the national economy, its chairman says. Saqer Shaheen, speaking to Gulf Industry, said BIG had made its appearance at a time when the region was awash with real estate projects. And while there were over a trillion...





New Balmoral process for sewage treatment

As European legislation regarding effluent discharge tightens,  a company with a long tradition of designing and manufacturing benchmark wastewater treatment products has introduced a new range of small to medium-sized package treatment plants.Designed by Balmoral Tanks for use in homes or developments housing up to 50 people, the CE-mark pending...

E-Marine gets upgrade for cable work

E-Marine PJSC, the leader in submarine cable installation, maintenance and repair in the Middle East ...

Recycling with help from Extec

Sustainable Aggregates, one of the companies pioneering the use of Structural Material for Reinstate ...

Tyco valves for Qatar project

Tyco Flow Control is on track to complete an order for 3,680 safety relief valves from the Chiyoda T ...

WarmCO2 changes waste into value

WarmCO2 is set to become a by-word for sustainable, cost effective and energy efficient solutions fo ...





Almarai expands investment base

Almarai, known best for its dairy and juice products, is building on a strong first-half performance by enlarging its investment base with a view to introducing additional new products and capturing a greater share of the regional market. It expects its sales to rise following several innovations it marketed during the past year and a half.The company...

NGC announces modest profit

National Gypsum Company (NGC) announced a net profit of SR60.9 million ($16.23 million) for the firs ...

AES has outstanding facilities

As a manufacturer and exporter of electrical products used in building constructions, Alfanar Electr ...

Fipco maintains good performance

Filling and Packing Materials Manufacturing Company (Fipco) expects to have another good year with 2 ...

Arig acquires major Core stake

Al Rajhi Investment Group (Arig), a leading Riyadh-based diversified business group with business in ...





US factory activity unchanged

US factory activity held up to stand unchanged in July from June, managing to defy forecasts of a contraction and showing inflation pressures moderating, according to a report.The Institute for Supply Management said its index of national factory activity edged down to 50.0 from 50.2 in June.This was above economists’ median forecast for a result of 49.3...

US economic slump to continue

The US economic slump is expected to continue well into next year as the impact of consumers spendin ...

China economy on solid footing

China’s economy is on a solid footing, despite weakening global demand, thanks to long-standing dr ...

UK records zero growth

Sterling skidded to a near 12-year low on a trade-weighted basis in the last fornight of August, fal ...

Japan recession fears persist

Japan’s exports rebounded in July with the help of hefty fuel shipments to China ahead of the Olym ...





Latest tenders

GI updates you with the latest tenders available in the Gulf region. BAHRAIN• Tender No HFR/3/2008. Replacement of network cabling system. Bid bond is BD500. Ministry of Finance (Financial Resources section) at fourth floor, Bahrain. Documents can be obtained by payment of BD15. CD September 3• Tender No WL-10-2008. “Lakes water treatment TC rough a...





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