• Alba’s H1 net income surges 111pc to $115 million

    SALES UP 15pc
    Aluminium Bahrain (Alba) has posted a net income of BD43.3 million ($115.2 million) for the first half of 2017 versus BD20.5 million ($54.5 million) for the same period in 2016, marking an increase of 111 per cent.

  • Dentons advises OETC on $500m notes issue


    Dentons, a leading global law firm, has advised Oman Electricity Transmission Company (OETC) on the issuance by OmGrid Funding Limited of $500 million guaranteed notes, guaranteed by OETC.

  • Van Oord wins Dubai Harbour marine works contract

    MARINE WORKS DEAL
    Van Oord, a leading international contractor specialising in dredging, marine engineering and offshore projects, has been awarded the marine works contract for Dubai Harbour, an iconic waterfront development in the UAE.

  • Dubai to host top halal industry expo


    The Halal Expo Dubai, scheduled to be held in September, will strengthen and develop the halal industry in the Arab region and beyond, according to the organisers of the event.

  • Iraq Container Terminal receives its largest vessel


    Gulftainer’s Iraq Container Terminal (ICT) facility recently received the largest container vessel to call at Iraqi ports to date.

  • Meethaq to provide Islamic finance to OMPC


    Oman-based Meethaq, the Islamic banking unit of Bank Muscat, recently signed an agreement to provide Islamic finance to the Oman Munition Production Company (OMPC) set up by the Ministry of Defence, said a report.

  • Iran planning major petchem contracts with Total, Shell


    Iran is preparing contracts with French Total and Royal Dutch Shell to implement petrochemical projects, a senior Iranian official said in a report.

  • PharmaPlast plans new factory in Egypt


    Egypt-based PharmaPlast, a pharmaceutical company operating in Alexandria’s general free zone, recently announced its plans to establish a new factory in the Industrial Borg El-Arab City in 2018, said a report.

  • Orpic wins award for LPIC finance deal


    Oman Oil Refineries and Petroleum Industries Company (Orpic) has been awarded the Project Finance Deal of the year (2016) award by Trade and Export Finance (TXF) for its Liwa Plastics Industries Complex (LPIC) project finance deal.

  • Dubai Chamber members’ trade hits $40bn in H1

    SAUDI TOP EXPORT MARKET
    The Dubai Chamber of Commerce and Industry said its members’ exports and re-exports grew by 6.1 per cent during the first half of 2017 to Dh146.7 billion ($39.9 billion) , compared to Dh138.3 billion in the same period of last year.

  • Abu Dhabi fund grants $1bn for projects in Egypt

    FINANCING FOR KEY SECTORS
    The Abu Dhabi Fund for Development (ADFD) has provided grants and concessionary loans worth a total of Dh4 billion ($1.08 billion) to Egypt for 64 development projects, a report said.

  • Qurain Petrochemical net profit up 24pc in Q1


    Kuwait-based Qurain Petrochemical Industries Company (QPIC) has reported a net profit of KD6.17 million ($20.23 million) for the first quarter of 2017-18, representing a 24 per cent increase over the same period last year (KD4.98 million).

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Industry News

Alba’s H1 net income surges 111pc to $115 million

Aluminium Bahrain (Alba) has posted a net income of BD43.3 million ($115.2 million) for the first half of 2017 versus BD20.5 million ($54.5 million) for the same period in 2016, marking an increase of 111 per cent....


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News & Features - July 2017

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Events
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