Monday 27 June 2016

Fiat Chrysler speeds recall fix for 1.1m rollaway vehicles

Fiat Chrysler Automobiles NV said on Wednesday it is speeding up its software fix for 1.1 million recalled vehicles for rollaway risks like the recalled Jeep Grand Cherokee involved in the death of actor Anton Yelchin. The company said that last week it began providing software r


Agility mulls investment in Kuwaiti construction firm

Kuwait's Agility said on Thursday it was in preliminary talks about potentially investing into construction firm Kharafi National. Agility, the Gulf's largest logistics firm, was reviewing all possible investment opportunities in the Kuwaiti company, it said in the bourse


Boeing boss says commercial jet demand strengthening

Demand for passenger jets is strengthening, Boeing Co chief Dennis Muilenbeurg was quoted as saying on Thursday in an interview with French newspaper Le Figaro. "In commercial aviation, demand is not dipping, on the contrary," he said in text that was written in French.


Oman’s new mining arm to draw global investment

Minerals Development Oman (MDO), the newly established executive arm of the Public Authority for Mining (PAM), aims to attract international investment and technical know-how into the sultanate’s mining sector, a report said. Oman plans to boost its mining and minerals proc


Waha secures funding for Abu Dhabi industrial project

Waha Land, a wholly owned company of Waha Capital, has signed a Dh426-million ($116 million) financing package with Emirates Islamic Bank for further development of its Almarkaz light industrial real estate project, following the successful leasing of existing facilities. Stage T


Optimarin wins Norwegian vessel order

Norway-based Optimarin, a leader in the ballast water treatment (BWT) industry, has won an order from the local shipbuilding group Vard for providing services to 15 of its vessels. The vessels, Vard 9 21 Design specialist module carriers, will be constructed at two yards in Roman


Iftin unveils big Sharjah expansion plans

Iftin General Trading, a company based in Sharjah, is planning to expand its facilities in the Hamriyah Free Zone to meet the growing demand for its products. Hassan Ali, the managing director of Iftin General Trading, said they would add a 215,278-sq-ft area to its existing faci


Iran’s tyre market to grow at 12pc

Iran’s tyre market is expected to grow at a compound annual growth rate (CAGR) of over 12 per cent over the next five years, according to a new report from TechSci Research, a research-based global management consulting firm. The report, titled "Iran Tyre Market Foreca


GAC opens new co-packing facility in Dubai

GAC, a global provider of integrated shipping, logistics and marine services, said that its contract logistics arm has opened a new dedicated co-packing facility at the Jebel Ali Free Zone (Jafza), in Dubai, UAE. The new facility was set up as part of  GAC's continued in


Honeywell targets energy savings in mosques

Mosques in the Middle East have the potential to cut their energy consumption by a significant amount through the use of “smart” thermostats, said Honeywell, announcing the results of a pilot programme in Sharjah, UAE. Honeywell’s VisionPRO 8000 thermostat for m

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