Saturday 27 May 2017

Dubai Airport Freezone nets solid Q1 sales growth

The Dubai Airport Freezone Authority (Dafza) said it performed exceptionally well in first quarter of 2017, achieving 62 per cent of its total annual sales target.    This was accompanied by an increase of seven per cent in sales revenues over the same peri


ArcelorMittal JV top bidder for Italian steel giant

AM Investco, a joint venture led by ArcelorMittal, the world's largest producer of steel, along with top Italian steel company Marcegaglia and leading banker Intesa SanPaolo, has emerged as the winning bidder for Ilva, the largest steel company in Italy, said a report, citing sources.


Adnoc, OMV ink downstream projects cooperation deal

OMV, an international oil and gas company based in Vienna, Austria, said it has reached an agreement with Abu Dhabi National Oil Company (Adnoc) to explore opportunities for co-operation, among others in downstream projects.    The agreement explores potent


Toshiba Tec unveils hybrid MFP

Toshiba Tec Corporation has unveiled the world’s first hybrid multi-function peripheral (MFP) printer, the e-Studio5008LP series. The new series prints regular black prints as well as erasable blue prints within one device. The unique and eco-conscious product will be avail


350 US aerospace, defence firms to take part in Paris Air Show

US aerospace and defence companies will showcase innovative systems that bolster international security, enhance global economic development and strengthen long-term, bilateral alliances at the International Paris Air Show, next month, in France. The event will take place from Ju


Alba makes solid progress on Line 6 expansion project

Aluminium Bahrain (Alba), the Bahrain-based international aluminium smelter, has been taking solid steps towards the implementation of its Line 6 Expansion Project, according to Shaikh Daij Bin Salman Bin Daij Al Khalifa, chairman of Alba’s board of directors. In a statement made


Daikin launches premium air cooled chillers

Daikin, a leading global air conditioning manufacturer, has launched the next generation of premium efficiency Air Cooled Screw Chillers Ewad-MZ Series.   EWAD- MZ Chiller Series achieves the highest overall efficiency and offers real world benefits such as lowest energy cos


GreenMantra develops new synthetic polypropylene waxes

Canada-based GreenMantra Technologies, a rapidly growing clean technology company that produces high-value polymer products from waste plastics, has developed a new line of synthetic polypropylene waxes that provide a unique range of technical properties previously not available in the market.


Rockwell Automation CEO discusses future of IoT

Manufacturers and industrial operators are discovering practical ways to apply IoT across their operations and they are deriving measurable business value as a result, said a senior official from US-based Rockwell Automation at an event in London, UK. Blake Moret, president and C


Aramex recognised at Frost & Sullivan’s awards

Aramex, a leading global provider of comprehensive logistics and transportation solutions, won three awards at the Frost & Sullivan 2017 Excellence in Best Practices Awards Banquet – Middle East. The awards event was held yesterday (May 24) at Atlantis - the Palm Jumeir

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