Thursday 17 April 2014

Sabic CEO meets China PM at Boao Forum

Mohamed Al-Mady, Sabic vice chairman and CEO, has reaffirmed Sabic’s commitment to Asia and China’s inclusive growth by increasing its investments in the region and supporting sustainable development. Al-Mady was delivering a keynote address at the Opening Plenary of


Conares wins top sustainability certification

Conares, a leading provider of downstream steel products in the region, has received sustainable constructional steel certification by the UK Certification Authority for Reinforcing Steels (Cares) for its rebar manufacturing division. This is for operating a documented environmen


PetroRabigh unit shutdown extended

Saudi Arabia's PetroRabigh will extend the shutdown of a vacuum gas oil treatment unit to April 25, the company said. The joint venture between Saudi Aramco and Japan's Sumitomo Chemical said last month that the unit would be closed from March 27 to April 19 for maintenan


Global e-trade boom to strain postal services

Global e-commerce trade is expected to hit $2 trillion by 2020, which will put burden on postal services worldwide, including in Bahrain and the Gulf.   Based on Universal Postal Union (UPU) statistics, the postal services of its 192 member countries processed 6


Transport firms 'causing causeway delays'

Transport companies have been blamed for compounding truck delays at King Fahad Causeway.   Customs President Shaikh Mohammed bin Khalifa Al Khalifa said they often reserved space in advance for their trucks to enter Saudi Arabia, but not all of them showed up,


Bahrain 'must be vigilant to ensure border security'

Bahrain must remain ever vigilant in the ongoing fight to keep its borders secure and air travel safe.   That was the message at the opening of the second Joint Conference on Enhancing Air Cargo Security and Facilitation yesterday, hosted by the Transportation M


Bricks for paper: Dubai traders duped

Some traders in Dubai have received containers full of bricks and stones from China instead of what they had originally ordered, a Gulf News report said. Dozens of containers have landed in Jebel Ali port containing bricks instead of paper and foodstuff ordered by at least two tr


Saudi car coming: Firm wins preliminary licence

Saudi Arabia's Ministry of Commerce and Industry has given a preliminary license to a Saudi-Malaysian venture to study the feasibility of building a car manufacturing unit in the kingdom, a report said. The ministry said the company planning to set up a SR7.5 billion automoti


Greenstone advises Oman joint venture deal

Greenstone Equity Partners, a Dubai-based investment and advisory firm, has advised Tri-Star Resources on the establishment of a joint venture company, Strategic & Precious Metals Processing (SPMP).   The JV will construct and operate a 20,000 tonne per annu


Abraaj buys into Moroccan chocolate firm

The Abraaj Group, a leading investor operating in global growth markets, has announced the acquisition through one of its funds of a stake in Kool Food, a leading Moroccan chocolate confectionery manufacturer based in Casablanca. Kool Food was founded in 2010 by entrepreneur Anas

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