Sunday 19 April 2015

Iraq plans to set up several renewable energy plants

Iraq’s Ministry of Electricity along with the National Investment Commission (NIC), have announced an investment opportunity to construct three solar power stations and one wind power station. The renewable energy plants will be between the capacity of 5 and 10 MW, and be s


Automatic packaging machines demand rising in ME

The demand for automatic packaging machines is rising with the increasing level of automation in the Middle East’s manufacturing sector, according to an expert. Emmebi of Italy has installed seven plants in the UAE for its various clients and about 25 plants have been in op


Saudi Cement Q1 profit surges 6pc

Saudi Cement has reported a 5.9 per cent increase in first-quarter net profit on Tuesday, beating analyst forecasts, as higher exports boosted its earnings. The kingdom's largest cement company by market value said in a bourse filing its net profit for the three months to Mar


Safco Q1 net profit slumps 30pc

Saudi Arabia Fertilizers Company (Safco) said on Tuesday its first-quarter net profit tumbled 30 per cent from a year ago, missing analysts' forecasts due to lower sales and prices of its products. It is the seventh quarter in the last eight in which the firm has posted decre


GCC 'a major market for aluminium products'

The GCC states are a major market for aluminium products and the demand is growing rapidly, according to an Omani official participating in Aluminium Middle East 2015 exhibition in Dubai, UAE. “There is a boom (in the construction sector) in the region and that is healthy f


Alstom unit wins $75m worth China tram contract

An Alstom joint venture – Shanghai Alstom Transport Company (Satco), has been awarded a €72 million ($75.8 million) contract by Shanghai Songjiang Tramway Investment and Operation to provide 30 Citadis trams for the two first tramway lines of Songjiang, one of the suburban districts


Morgan to set up new fibre plant in Abu Dhabi

UK-based Morgan Advanced Materials, a world leader in advanced materials technology, will set up a new fibre manufacturing plant, with a capacity of 5,000 tonnes in Khalifa Industrial Zone Abu Dhabi (Kizad), UAE. The new plant is a part of its expansion strategy to cater to growi


Aluminium Middle East opens in Dubai

The fourth edition of Aluminium Middle East, a major industry exhibition featuring nearly 200 exhibitors from 30 countries, opened today (April 14) in Dubai, UAE. Organised by Reed Exhibitions Middle East, the three-day biennial exhibition was declared open by Saeed Mohammad Al T


Elster reports rapid expansion in Mena region

Elster, an industry-leading provider of electricity meters, related communications solutions, and software solutions for meter data collection and management applications, has reported rapid growth in markets across the Middle East and North Africa (Mena) region. Buoyed by thrivi


Idex showcases UAE military technologies at Brazil expo

The International Defence Exhibition and Conferences (Idex) is showcasing UAE’s modern military technology to a global audience of multi-national defence and security organisations at the LAAD Defence and Security International Exhibition which started today (April 14) in Rio de Janeiro,

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