Wednesday 16 October 2019

India's Texol Lubritech opens first overseas plant in Sharjah

India-based Texol Lubritech, a joint venture of Gandhar Oil Refinery India, has officially inaugurated its first overseas manufacturing unit in the Hamriyah Free Zone Authority at Sharjah, making its first expansion move outside the country. The $12-million manufacturing unit was


Mubadala, Carlyle complete Cepsa stake sale deal

Global investment firm The Carlyle Group has reached an agreement with Mubadala Investment Company, the Abu Dhabi-based sovereign investor, to acquire 37 per cent stake in Compañía Española de Petróleos, SAU, Cepsa, from the company. With this move, Ca


Honeywell unveils building tech portfolio at Saudi event

Honeywell, a global technology leader, addressed Saudi Arabia’s growing demand for Industrial Internet of Things (IIoT)-enabled technologies at a smart building and city technology showcase event held recently in Riyadh. Focused on the future of Saudi Arabia’s smart buildin


Saudi IMI signs jack-up design licence deal with GustoMSC

Saudi-based International Maritime Industries (IMI) has announced that it had signed a licence agreement with GustoMSC, a company of Houston rig and equipment builder National Oilwell Varco (NOV). A joint venture between Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries,


EFG Hermes key advisor for $364m Helios Towers' London IPO

EFG Hermes, a leading financial services corporation in frontier emerging markets (FEM), said it has successfully concluded advisory to Helios Towers, a leading telecom tower infrastructure company in Sub-Saharan Africa, on its £288 million ($364 million) initial public offering on the Lo


GWC posts 10pc rise in Q3 net profit to $50m

Qatar-based GWC, a leading logistics provider, has posted a net profit of QR182 million ($50 million), in the third quarter (Q3) of the year, representing a 10 per cent growth when compared to QR166 million during Q3 2018. Gross revenue was QR915 million at the end of the third q


Next year's Arabal in Egypt

Egypt will host the 24th edition of Arab International Aluminium Conference (Arabal 2020) in November 2020, according to Mahmoud Sultan, managing director of commercial sectors and board member, Egyptalum. The event will be held either in the city of Luxor or the resort town


Alba Line 6 launch to coincide with Arabal

The 23rd Arab International Aluminium Conference (Arabal 2019), being hosted by Alba at the Gulf Hotel from November 19 to 21 under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, the Prime Minister of Bahrain, will coincide with the opening of Aluminium Bahrain’s (Alba) Line 6


Top firms unveil 'green lighting' solutions at Dubai expo

Leading global companies are showcasing the latest in lighting design, professional lighting and audio and AV technology at the 14th edition of Light Middle East and the 3rd edition of Prolight + Sound Middle East which kicked off in Dubai today (October 15). The events, organise


Canon celebrates 100 million EOS-series cameras

Canon today celebrated a significant camera-manufacturing milestone, as production of Canon’s EOS-series silver halide (film) and digital interchangeable-lens cameras surpassed 100 million units.   The milestone was achieved on September 2019. An EOS R mir

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