Monday 3 August 2015

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


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


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.


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


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


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.


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


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


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


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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