Regional News
November 2017

Aluminium Bahrain (Alba) reported a net income of BD25.8 million ($68.5 million) for the third quarter of 2017, up 80 per cent compared to BD14.3 million ($38.1 million) reported in Q3 2016. The net income for the nine months of 2017 rose by 98 per cent to BD69 million ($183.5 million) versus BD34.8 million ($92.






November 2017

Aluminium Bahrain (Alba), Bahrain-based international aluminium smelter, has appointed Ali Al Baqali as the deputy chief executive officer (CEO) and chief supply chain officer. Al Baqali, a Bahraini national, is an Alba veteran with nearly two decades of service in different roles with the company.






November 2017

Saudi Arabia’s Crown Prince and Deputy Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud has announced a new $500-billion project, Neom, aimed at turning the kingdom into a leading global hub that exemplifies the future of human civilisation by offering its inhabitants an idyllic lifestyle combined with exceptional economic pros






November 2017

Qatar's Elan Group, a leader in entertainment, events and city beautification, has opened a signage factory specialized in the production of high-quality traffic and road signs in the Industrial area in Doha.






November 2017

Arabian Cement said it has entered into potential merger talks with Al Safwa Cement, a key Saudi-based firm owned by El Khayyat Group, Public Pension Authority (PPA) and General Organisation for Social Insurance (Gosi).






November 2017

Dubai Airport Freezone Authority (Dafza) has announced plans to develop the Middle East and North Africa (Mena) region’s first free zone dedicated to e-commerce in Dubai at an investment of Dh2.7 billion ($735 million). A joint venture between Dafza and UAE-based wasl Asset Management Group, the Dubai CommerCity will come up over  2.






November 2017

Saudi Aramco said it has entered into a strategic partnership with Petronas Chemicals Group Berhad (PCG) to enhance the value and competitive positioning of its petrochemicals projects within the Petronas Pengerang Integrated Complex (PIC) in the southern Malaysian state of Johor.






November 2017

Saudi Arabia has issued mining licences worth $66 billion to major private sector players in the kingdom, said the kingdom’s energy minister.






November 2017

Britain will host its pavilion at the Expo 2020 Dubai in the ‘Opportunity’ thematic district, UK Secretary of State for International Trade Dr Liam Fox has announced.






November 2017

Technology  giant GE said it has opened a new dissolved gas analysis monitoring centre in Sabhan Industrial Area of Kuwait in partnership with the country’s Ministry of Electricity and Water (MEW). This is another major step in GE’s partnership with MEW to modernise and digitise Kuwait’s electrical network.






November 2017

Savola Group, Saudi Arabia’s largest food products company, is in talks to buy sweets and confectionery maker Sanabel Al Salam in a deal worth $300 million, sources told Reuters. The confectioner has 104 branches across the kingdom and a catering unit.






November 2017

Dubai-based Drydocks World, a leading onshore and offshore service provider to the oil, gas and renewable energy sectors, has signed an agreement for two new projects with Bluewater Energy Services and end client Hurricane Energy.






November 2017

Air Liquide and Al-Futtaim Motors jointly inaugurated the first hydrogen station comprising cutting-edge technologies tailored to suit the specific climate conditions of the region in Dubai, UAE. This station, designed and installed by Air Liquide, will support the deployment of zero-emission fuel cell electric vehicles (FCEVs) in the UAE.






November 2017

Emirates Global Aluminium (EGA) has announced that it has completed a three-year, $300 million project to replace older production lines at its Jebel Ali aluminium smelter, said a report.






November 2017

Saudi PIF launches new fund THE Public Investment Fund (PIF) has announced the establishment of the Fund of Funds, a new investment vehicle designed to provide small and medium-sized enterprises (SMEs) with access to capital by investing in venture capital and private equity funds targeting the SME sector. With a capital of SR4 billion ($1.






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