Saturday 15 August 2020

Equate receives award for Oyster Creek project

The Equate Group, a global producer of petrochemicals and the world’s second-largest producer of ethylene glycol (EG), has added a new global award to its list of accomplishments, as the MEGlobal BookraMEG Oyster Creek Project has been named an Award of Merit winner in the Power/Industr


Sabic chemical plant to operate on 100pc renewable power

Sabic has said that its polycarbonate facility in Cartagena, Spain, is set to become the world’s first large-scale chemical production site to be run entirely on renewable power, following the signing of a major agreement.   The deal will see Iberdrola, on


Lucid Air EV achieves 832 km on single charge

Lucid Motors, which seeks to set new standards for sustainable transportation with its advanced luxury electric vehicles (EVs), today announced independent range verification of 517 miles (832 km) on a single charge for its forthcoming Lucid Air all-electric sedan.   


Saudi Electricity suffers net loss in Q2

Saudi Electricity Company (SEC) has announced a net loss after zakat and tax of SR869 million for the second quarter of 2020, compared to a profit of SR789 million during the same period last year.   The total revenues were SR16.668 billion, compared to SR16.52


Saudi ports see 4.23% surge in transshipment in H1

Saudi Arabia’s ports achieved an increase in the total number of transhipment with a total of 1,100,000 containers in the first half (H1) of the year, marking an increase of 4.23% compared to the same period of the previous year, a media report said. The total tonnes of car


RAK Ceramics Q2 profit down 37pc amid Covid lockdown

RAK Ceramics, one of the largest ceramics’ brands in the world, has registered a total revenue of AED411.3 million ($112 million) down 37.3 per cent year on year due to the Covid-19 lockdowns in India, Bangladesh and across Europe.    Announcing its f


Mezzan Holding reports $439m H1 revenue

Mezzan Holding, one of the largest manufacturers and distributors of food, beverage, FMCG and healthcare in the Gulf, reported a revenue of KD134.3 million ($439.02 million) for the first half of 2020, up 16% compared to the same period last year.   The net prof


Pandemic spurs demand for plastic packaging: BofA

The ongoing Covid-19 pandemic has caused a rapid shift to online shopping boosting demand for plastic packaging, which represents more than one-third of total plastic demand, said a new a BofA Global Research report. Hygiene product demand is also on the rise. Conversely, the man


Sparrows signs OEM deal with JD Neuhaus

Sparrows Group has signed a long-term partnership agreement to become the sole original equipment manufacturer (OEM) service provider for market leading machine construction company JD Neuhaus Group (JDN) in the Middle East.   The German family-owned manufacture


Mastercard launches payment solution for SMEs

Mastercard has launched a new low-cost payments solution that enables small business owners to move their businesses online and accept a range of digital payments from their customers. The “SME-in-a-Box” solution is powered by Mastercard’s payment technology and

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