Thursday 2 April 2015

Egypt foodmaker Edita targets sales of $327m

Egyptian foodmaker Edita is targeting sales of more than E€2.5 billion ($327.65 million) in 2015, its chief executive officer Hani Berzi told Reuters in an interview. The company, which was established in 1996, recently launched a private institutional offering of shares on


EU 'cannot maintain protection against China imports'

European fears of being forced to lower tariff defences against cheap Chinese imports have grown following a confidential warning from the EU's own lawyers, who say the bloc should not ignore changes to global trade rules set to favour Beijing. In a draft letter seen by Reute


Kerala team discusses co-operation with Dafza

A high-level delegation from Kerala, India, discussed with the Dubai Airport Freezone Authority (Dafza) about ways of opening new channels for the transfer of knowledge, experience and best practices. Led by Oommen Chandy, Chief Minister of Kerala, the team also discussed the set


Alba achieves 5 million hours without LTI

Aluminium Bahrain (Alba), a leading aluminium smelter in the world, achieved a major milestone of 5 million hours without Lost Time Injury (LTI) on March 31, 2015. The company last achieved this milestone in March 2008, said a statement. This safety milestone demon


Mideast carriers’ freight business grows 17.6pc

Middle Eastern carriers have continued to benefit from their strong geographic base, having expanded freight tonne kilometres (FTKs) by 17.6 per cent in February, according to a recent report. The International Air Transport Association’s (Iata) February data for global air


Saudi Butanol plant to start trial runs in third quarter

Saudi Butanol Company, a joint venture of local petrochemicals firms, is expected to start trial operations at its plant in Jubail in the third quarter of 2015, one of the shareholders said. "Construction of the plant is ongoing ... Trial operations are expected in the third


Top MidEast jewellery event kicks off in Sharjah

The 38th MidEast Watch & Jewellery Show, one of the largest exhibitions for precious jewellery and watches in the Gulf region, kicked off today in Sharjah, UAE. The event will run until April 4 and is being held at the Expo Centre Sharjah. Gold prices are on a


Michelin marks 125 years of excellence at Abu Dhabi event

Leading tyre manufacturer Michelin celebrated its 125th anniversary with a special event at the Yas Marina Circuit, home of the Abu Dhabi Formula 1 Grand Prix. Marking the special occasion, the firm welcomed winners, who participated through its Michelin Arabia Facebook page


Top aviation forum opens in Bahrain tomorrow

Around 1,500 key regional and international aviation professionals and over 70 leading airport and logistics exhibitors will be present at the Bahrain International Airport Development Forum (BIAD) and second Middle East Air Cargo & Logistics Exhibition (MEACL), which opens tomorrow (April


Petrotechnics appoints two new members for Middle East team

Petrotechnics, a leading provider of risk management software solutions for the oil and gas industry, has appointed Stuart Douglas and Suhas Jadhal to its Middle East business development team. The new members will support Petrotechnics’ growing operations in the region, an

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