Saturday 27 December 2014

Japan's NGK targets Gulf insulators' market

Japan-based NGK Insulators has succeeded in tapping the markets of Saudi Arabia, the UAE, Qatar, Kuwait and Oman for sales of insulators and equipment for power transmission, substations and power distribution. Yuya Okano, an official of the overseas department of NGK’s pow


Takata president quits over airbag issue

Takata Corporation, the auto supplier embroiled in a global safety crisis, said its president, Stefan Stocker, would step down and its chairman would assume the role to unify the company's response to the recall of millions of vehicles carrying defective air bags. Stocker, a


Accenture to go on a major hiring spree

Accenture, the global consulting and technology services firm, is to recruit 1,600 technology, industry & IT specialists by the end of August in 2015 positions ranging from entry level to experienced executives. These roles will focus on areas including information architectu


JPMorgan fund eyes $200m stake in India's SpiceJet

A fund managed by JPMorgan Chase is in advanced talks to partner with Indian carrier SpiceJet's co-founder for a planned $200 million investment into the cash-strapped airline, the Economic Times reported on Thursday, citing unnamed sources with knowledge of the discussions.


Ma’aden-Alcoa JV achieves major production milestone

The Saudi Arabian Mining Company (Ma’aden) and lightweight metals leader Alcoa have achieved a major milestone with the production of the first alumina at their joint venture aluminum complex in Ras Al Khair, Saudi Arabia. The alumina refinery at Ras Al Khair is the first e


GCC tube production hits 14m tonnes in 2013

The GCC produced 14 million tonnes of pipes and tubes in 2013 with a domestic consumption of 2.5 million tonnes used for energy and infrastructure development, said the organisers of an upcoming industry conference in Dubai, UAE. However, imports from China, India and Europe stil


Kellogg, Abraaj up bids in battle for Bisco Misr

Kellogg Co, the world's largest breakfast cereal maker, once again raised its bid for Egyptian snackmaker Bisco Misr on Wednesday, topping a rival offer from the UAE's Abraaj in an intensifying $144 million takeover battle. Kellogg's latest bid, for EGP89.86 ($12.57)


Dafza highlights opportunities in its freezone and Dubai

Dubai Airport Freezone Authority (Dafza) has concluded a series of international seminars in Germany, Japan and Spain that continue to open up major business and investment opportunities for the Freezone in particular and Dubai in general. As part of Dafza’s ongoing global


Agility chief inducted into Supply Chain Asia Hall of Fame

A top executive of Agility Global Integrated Logistics has been inducted into the Supply Chain Asia Hall of Fame at a ceremony in Singapore recently. The Hall of Fame award is give out by Supply Chain Asia, a leading professional group for the logistics and supply chain industry,


Aubin Group sales diversify in Gulf region

Scotland-based Aubin Group has witnessed a diversification of goods shipped to the Gulf over the past few years. Aubin, which specialises in the design, development and supply of chemistry-based technology and engineering services to the global oil and gas industry, has been ship

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