Saturday 4 July 2015

Iran steelmakers request import duty hikes

Iranian steelmakers have asked the government to raise import duties for certain steels by up to 40 per cent as protectionism in the global steel sector gathers pace amid a flood of cheap sales mostly from top producer China. China steel exports have risen nearly 30 per cent this


Modon in deal to open logistics services centre in Sudair City

The Saudi Industrial Property Authority (Modon) has signed a deal with the International Dar Al Bandar Company, to build an integrated 150,000 sq m warehouse centre at the Sudair City for Industry and Business, according to a report. The International Dar Al Bandar Company has th


Jotun unveils latest ‘Fenomastic My Home’ range

Leading paint manufacturer Jotun its latest ‘Fenomastic My Home’ paint, featuring three new theme with an array of colours. Certain to attract wide-ranging attention in Saudi Arabia, the additions to the existing Fenomastic offering are based on extensive research and


DuPont completes spin-off of Chemours

DuPont has completed the separation of its performance chemicals segment through the spin-off of the The Chemours Company. DuPont common stockholders received one share of common stock of Chemours for every five shares of DuPont common stock , while also receiving cash in lieu of


Infosecurity ME launch set at ISNR in Abu Dhabi

The Infosecurity Middle East is set to be launched at the event edition of the International Exhibition for National Security and Resilience (ISNR 2016) in Abu Dhabi, UAE, next year. The events will run from March 15 to 17 at the Abu Dhabi National Exhibition Centre.


Chargemaster acquires GB Electrical to expand services

Chargemaster, a UK-based supplier and operator of electric vehicle charging points, has acquired GB Electrical, a specialist national contractor that has expanded into the installation of charging points across the country over the past two years. GB Electrical has employed appro


India automotive bearing market set to bounce back

India’s automotive sector is set to revive back after sluggish demand during the period 2012-14, according to a report. The increasing consumer confidence and recovery of the economy has pushed the market towards positive growth, with a similar trend expected in automotive


Abu Dhabi to host major agricultural events

More than 300 agricultural innovations are set to feature in the Global Forum for Innovations in Agriculture (GFIA) to be hosted by Abu Dhabi next year. It will run from February 16 to 18 at the Abu Dhabi National Exhibition Centre. Supported by some of the world&r


Fortress Capital, Film Clinic set up joint venture firm

Fortress Capital Investments, a leading investment firm operating in the Middle East, has collaborated with Film Clinic, a key production company in the Middle East and North Africa (Mena) region, to set up a joint venture company. The Fortress Film Clinic will help establish a f


Qatar Shipping acquires SocGen gas carrier firms

Qatar Navigation (Milaha) said on Thursday its unit Qatar Shipping Company had acquired the remaining 60 per cent interest in two firms which own Liquefied Natural Gas (LNG) carriers from France's Societe Generale. The two entities, Milaha Ras Laffan and Milaha Qatar, are cha

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