Saturday 11 July 2020

Hikma completes $500m Eurobond issue

Hikma Pharmaceuticals, the multinational pharmaceutical company rated BBB- / stable (S&P) and Ba1 / stable (Moody’s), announces that it has successfully completed a $500 million 5-year Eurobond, which will carry an annual coupon of 3.25%.   Khalid Nabi


9 to 5 day fading; flexi work hours may become norm

The 9 to 5 workday may be fading away as people are working flexible hours from home, says the Work Trend Index report from Microsoft.   The insights derived from Microsoft Teams reveal that people are working more frequently in the morning and evening hours, bu


Damen holds keel-laying for Port of Auckland tug

Damen Song Cam Shipyard, together with joint venture partner Song Cam Shipyard recently hosted a keel-laying ceremony for the electric RSD-E Tug 2513 that Damen is building for the Ports of Auckland, New Zealand. The ceremony was attended by Wendy Matthews, the Ambassador of New


ACI offers nondestructive testing certification programme

The American Concrete Institute (ACI), which has its regional office in Dubai, has announced the launch of its Nondestructive Testing Specialist – Concrete Strength certification program.   The programme will certify individuals who successfully pass the A


EGA alumina refinery achieves nameplate capacity

The Emirates Global Aluminium (EGA), has announced that production at its new Al Taweelah alumina refinery achieved nameplate capacity from bauxite to alumina for June, a major milestone in the ramp-up of the giant plant.   The milestone was achieved just 14 mon


Toyota unveils Corolla Cross in Thailand

Toyota Motor Corporation (Toyota) has added the new Corolla Cross compact SUV to its Corolla series.    The global premiere of the model was held in Thailand, where sales have now commenced. The Corolla Cross will be launched in a growing number of other ma


Mammoet completes heavy lifting project in Nigeria

Mammoet, a global leader in engineered heavy lifting and transport, has completed a heavy lifting and transport project for the world’s largest single-train petroleum refinery in Nigeria.    With the final 1,240-tonne propylene mounded bullet installe


Saudi flour mills privatisation yields $740m

Saudi Arabia has sold two flour mills for a total consideration of SR2.777 billion ($740.38 million) under the first phase of the kingdom's flour milling sector privatization programme.   The National Center for Privatization and PPP (NCP) and the Saudi Grai


UAE council assesses trends in food security

The UAE’s Emirates Food Security Council discussed the formation of key committees and the management of the country’s strategic stocks of food at its recently held third meeting. Chaired by Mariam Almheiri, Minister of State for Food and Water Security, the virtual e


Airbus records 196 deliveries, 298 net orders in H1

Airbus delivered 36 commercial aircraft in June, representing a slight increase compared to 24 in May and 14 in April and bringing the total for the first half of the year (H1) to 196 deliveries. In H1 2020, Airbus booked a total of 298 net commercial aircraft orders. This compar

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