Saturday 25 June 2016

Alba seeks $750m loan for expansion

Aluminium Bahrain (Alba) has approached banks for a $750 million loan towards the financing of its Line 6 expansion project, sources told Reuters on Tuesday. Alba will become the world's largest single aluminium smelter complex, boosting its annual output by 540,000 tonnes to


Jam Petrochemical Plant reaches output capacity

Jam Petrochemical Plant, a leading polypropylene producer in Iran, has approached its nominal output capacity of polypropylene, said a senior company official in a report. The company’s production reached 48,000 tonnes in the two months to May 20, Kambiz Mirkarimi, CEO of J


Use cloud to scale up business, Microsoft tells start-ups

Microsoft Gulf has called on regional start-ups to strongly consider the cloud as a means of easily scaling up their business operations, citing several UAE success stories as proof that. Through Microsoft’s BizSpark, a global programme that helps startups succeed by giving


Seatrade tanker conference to be held at Dubai event

Seatrade Tanker Middle East, a key conference for the tanker industry, will take place as part of Seatrade Maritime Middle East and Dubai Maritime Week, later this year, in Dubai, UAE. The conference will be held on November 1 in the forum area at the main event and will be moder


Emirates SkyCargo wins top award

Emirates SkyCargo, the freight division of Emirates, was recognised with a top award at the 2016 Asian Freight, Logistics and Supply Chain (AFLAS) Awards held in Shanghai, China. Emirates SkyCargo, for the second consecutive year, won the ‘Best Air Cargo Carrier - Middle Ea


Kion to buy logistics tech firm Dematic in $3.25bn deal

German forklift truck maker Kion has agreed to buy Dematic from funds managed by AEA Investors and Ontario Teachers' Pension Plan in a deal valuing the logistics technology company at $3.25 billion. The deal will create a global logistics specialist, with products ranging fro


GE seeks to sell remaining Hyundai Capital stake

South Korean car maker Hyundai Motor Co said on Tuesday General Electric seeks to sell out of its 20 per cent stake in their joint venture, unlisted lender Hyundai Capital, to a third party. It did not offer any details. Hyundai Motor and affiliate Kia Motors in De


Top aluminium executives to attend Arabal event

Top executives from the GCC’s primary aluminium smelters will participate in a keynote panel discussion at the 20th Arab International Aluminium Conference (Arabal 2016) in Dubai, UAE, later this year. The event will take place from November 22 to 24. The pan


Must World to open new regional office in Bahrain

Must World, a company specialised in manufacturing and supplying high quality garments to well-known brands in the US and European markets, has incorporated a new company in Bahrain, which will act as its regional head office. The new regional head office will handle $200 million


DMCA organises fire and safety awareness training

Dubai Maritime City Authority (DMCA), the government authority charged with regulating Dubai's maritime sector, in coordination with Dubai Customs recently organised a ‘Fire and Safety Awareness’ training session, in Dubai, UAE. The session was held in order to he

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