Monday 24 October 2016

Adeptio completes American share buy

Adeptio AD Investments SPC and Al Khair National for Stocks and Real Estate have announced the completion of the sale by Al Khair of all of its shares in Kuwait Food Company (Americana) to Adeptio at a price of KD2.65 per share. Following completion and in accordance with the reg


Sadafco celebrates 40th anniversary with 1,600 prizes

Saudia Dairy and Foodstuff Company (Sadafco), a leading dairy and foodstuff producer, is celebrating its 40th anniversary in the kingdom by giving away thousands of prizes in a 40-day competition with 40 winners announced on a daily basis. To mark the occasion, Sadafco has create


LG to provide visual display solutions to Dubai Parks

LG Electronics, a world leader in commercial display solutions, will provide the latest digital visual interactive display solutions for Dubai Parks and Resorts, the region’s largest integrated theme park resort. The deal comes in line with LG’s firm commitment to pro


APM Terminals Bahrain wins ISO re-certification

APM Terminals Bahrain, the operator of Khalifa Bin Salman Port, has re-certified its quality management systems (revised ISO 9001:2015 standard).   Established in 2006, APM Terminals Bahrain also provides marine services within Bahrain and its coastal waters including contain


Focus on food sector innovations at SIAL Middle East

Global food innovation, food security and the latest industry trends will headline the calendar of events at a major trade show in Abu Dhabi in December. The 7th edition of SIAL Middle East, the region’s fastest-growing professional trade exhibition for the food, beverage a


Haldor Topsoe 'keen on Iran petchem projects'

Denmark’s Haldor Topsoe, a global technology, catalyst and services vendor to the petrochemical and refining industry, has  expressed interest to take part in projects to produce new petrochemical products in Iran, a senior official has said. Marzieh Shahdaei, managing


Swiftships wins $14.5m Iraq Navy contract

US-based Swiftships has won a $14.59 million fixed price contract covering continuous lifecycle support for the Iraqi Navy. The US Naval Sea Systems Command is the contracting entity. Swiftships specialises in the construction of small to medium-sized watercraft bu


Iran firm to sign petchem deal with Total

Persian Gulf Petrochemical Industry is expected to finalise an olefin project agreement with Total, Adel Salimnejad, the Iranian company’s managing director was quoted as saying in an Oman Tribune report. The deal may be signed before April 2017, he added.


Work set to start on Sebacic plant in Duqm

Work is expected to start on the RO24-million ($62.37 million) Sebacic Oman Factory at the Special Economic Zone of Duqm (SEZD) this week. The foundation stone laying for the project will be held on October 26 under the patronage of Yahya bin Said Al Jabri, Sezad chairman, a repo


UN team reviews Ithraa services

A high-level UN team from the International Trade Centre conducted meetings last week with Ithraa, Oman’s inward investment and export development agency, focused on the latter's export facilitation and investment services. The meetings also reviewed Ithraa's overal

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