Monday 3 August 2015
 
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BAE ‘awaiting Middle East orders for Typhoons'

BAE Systems, which generates about a fifth of its total sales from Saudi Arabia, needs to sell more Typhoons to Saudi and other Middle East customers to keep production of the jet going beyond 2018, a report said. Europe's biggest defence contractor is still waiting on securi

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Chinese potatoes to chip in as water shortages hit staple crops

Once seen as food for the poor, the humble potato is being pushed in China as a tasty, nutritious part of any meal as the world's most populous country struggles with water shortages and looks for alternatives to the traditional rice and noodles. China already produces 95 mil

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Muscat Port revenues drop 98pc drop in H1

Port Services Corporation (PSC), the joint stock company that operates and manages Muscat’s Port Sultan Qaboos, has reported a 98.1 per cent drop in net profit for the first six months of this year in comparison to figures from the same period in the previous year, a report said.

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Qualcomm enables wireless charging for devices with metal cases

Qualcomm Technologies Inc (QTI), a world leader in 3G, 4G and next-generation wireless technologies and a wholly owned subsidiary of Qualcomm Incorporated, announced that it has engineered a solution to allow wireless charging for devices with metal exteriors.   The solution

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Agthia H1 net profit increases 20pc to $34m

Agthia Group, a top UAE-based F&B company, reported that its net profit for the first half of 2015 increased 20 per cent from the same period in 2014 to Dh125 million ($34 million), driven by higher sales and improved margins. Net sales for the period grew 11 per cent to Dh91

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Arab nations export $3.3bn worth products to Brazil in H1

Arab nations exported $3.377 billion worth of products to Brazil during first half of 2015, according to a recent statistical report released by Brazil’s Ministry of Development, Industry and Foreign Trade. The data was compiled by the Arab-Brazilian Chamber of Commerce.

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Aluminium Bahrain H1 net profit doubles

Aluminium Bahrain (Alba) posted a net income of BD66.9 million ($178 million) in the first half of the year as compared to BD32.3 million ($86 million) for the same period in 2014, marking a year-on-year increase of 107 per cent. Net income for the second quarter (Q2) of 2015 sto

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General Motors to invest $1bn in India

General Motors Company (GM) will invest $1 billion in the next few years to turn operations in India into a new global auto manufacturing and export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday. The investment is part of GM's

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Iran Khodro, Mercedes plan new partnership

Iran Khodro Industrial Group (IKCO), a leading Iranian vehicle manufacturer with headquarters in Tehran, said it plans to sign a deal soon with German automaker Mercedes-Benz for the production of cars and commercial vehicles, according to a report. Daimler AG’s unit has de

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Kale upgrades fleet management system

India-based Kale Logistics Solutions has upgraded its transportation and fleet management system, Helios, by adding automated load planning and route optimisation functionality to the web-based application. The functionality will help its clients optimise their vehicle utilisatio

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