Monday 30 November 2015

New Abu Dhabi rice mill to start ops in 2016

A rice mill with a production capacity of 80,000 tonnes a year will start operations in Abu Dhabi in the second quarter of 2016, a senior executive said. The Al Dahra Kohinoor facility, a joint venture between Abu Dhabi's agribusiness firm Al Dahra Holding and India's Koh


Sharjah to host halal tourism event

An event targeting the halal tourism segment will take place alongside the 4th OIC Halal Middle East Exhibition, to be held next month, in Sharjah, UAE. The exhibition will take place from December 8 to 10, at the Expo Centre Sharjah. To be held as part of exhibiti


Al Dahra rice mill to start ops by Q2 2016

Abu Dhabi Ports, the master developer industrial zones and agribusiness firm Al Dahra Agriculture, have marked the ground breaking of their rice milling plant at Khalifa Industrial Zone Abu Dhabi (Kizad) aiming to launch operations by the second quarter of 2016. The building stru


Suez Canal Axis Development project becomes economic zone

The area of the Suez Canal Axis Development project has been made into an economic zone following a decree by Egypt’s President Abdel Fattah Al-Sisi, according to a report.   Former minister of state for administrative development Ahmed Darwish will head the economic zo


Iran to produce over 10m tonnes wheat by 2017

Iran’s wheat production to exceed 10 million tonnes by March 20, 2017, according to a head of Iran's Government Trading Company (GTC). “We will not have to import wheat next year and given the satisfactory rainfall during the fall, we can get closer to self-suffic


Toyota leads global car sales in October

Toyota Motor Corp outsold Volkswagen AG for the fourth straight month in October to remain the world's top-selling automaker so far this year, after sales at the German carmaker suffered following the diesel emissions scandal. Toyota said on Friday its group vehicle sales tot


Kia completes work on manufacturing plant in Mexico

Kia Motors has announced the completion of construction on its first manufacturing plant in Latin America located in the municipality of Pesquería in the state of Nuevo León, Mexico. With an initial investment of approximately $3 billion into the project by Kia Moto


IFC invests in Egypt’s Sphinx Glass to boost sector

International Finance Corporation (IFC), a member of the World Bank Group, is investing in a 20 per cent equity stake in Egypt-based Sphinx Glass, to boost the glass manufacturing sector in the region. Sphinx Glass is a subsidiary of Saudi-based Construction Products Holding Comp


UAE digital signage market set for 23pc growth

The UAE digital signage market is pegged to grow at a compound annual growth rate (CAGR) of around 23 per cent over the next four years, said a report ahead of an industry event. The SGI Dubai 2016, to be held from January 10 to 12, is a one-stop-shop where exhibitors and visitor


Sharjah gets first Damen ASD 2 tug-boat

Sharjah Ports Authority said it has taken delivery of a Damen ASD Tug 2411, named Al Luolo'aya from Damen Shipyards recently. Shaikh Khaled bin Abdullah bin Sultan Al Qasimi, the chairman of the Department of Seaports and Customs, Hamriyah Free Zone Authority (HFZA) and Sharj

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