Thursday 28 May 2015
 
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Iran to build aluminium project in Arvand zone

Iran plans to build a new aluminium project at the Arvand Free Zone to help develop the region's economy, Akbar Torkan, Iran’s senior presidential advisor, was quoted as saying by a local newspaper. The new factory’s production capacity will be 4,700 tonnes per ye

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KAEC expects tenant inflow to accelerate this year

King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia's Red Sea coast near Jeddah, expects its inflow of new corporate tenants to speed up this year as the economy proves resilient to low oil prices, KAEC's managing director said. The fate of KAEC is

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Global Aerospace Summit to discuss future of UAS

International aerospace experts will convene in Abu Dhabi, UAE, at the third Global Aerospace Summit next year to discuss the rapidly changing role of Unmanned Aircraft Systems (UAS), popularly known as drones. The Global Aerospace Summit, an exclusive, invitation-only event for

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Sharjah free zone showcases services at Jimex

Sharjah’s Hamriyah Free Zone Authority (HFZA) showcased its facilities and services at the recently concluded Jimex 2015, the 12th Machinery and Electromechanical Exhibition at the Amman International Motors Show Centre in Jordan. Exhibitors representing more than 500 inter

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GCC food demand to top 49m tonnes by 2017

The population growth, the increase in the number of tourists and the increase in per capita income in the GCC will see food consumption reach 49.1 million metric tons by 2017, according to experts. The region’s food import demand will hit $53.1 billion by 2020, up from $25

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Heera launches food unit, e-shop platform

Heera Group, a UAE-based conglomerate of 20 companies, has launched a food production facility at Sharjah Airport International Free Zone as well as an e-commerce platform promoting online shopping for family customers. Heera Foodex has operations in five countries and a business

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Hyundai Heavy to build five oil tankers for Bahri

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, has signed a deal to buy five very large crude tankers from ship builders Hyundai Heavy Industries, the Riyadh-listed firm said on Sunday. Hyundai will build the tankers and deliver the

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Renault in Turkey offers concessions to striking workers

The Turkish arm of French carmaker Renault has offered concessions including a cash lump sum to striking workers if they return to work. Production at the company's joint venture Oyak Renault has been halted for a week in a dispute with workers over pay and working conditions

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Daimler to develop in-car tech, wireless charging

Carmaker Daimler on Saturday announced a partnership with mobile technologies company Qualcomm to explore wireless recharging of mobile phones in cars as well as recharging of electric cars without cables. The move forms part of a broader push by Daimler, parent company of Merced

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Glaston sells pre-processing machines business

Glaston Corporation, a global firm developing glass processing technology for architectural, solar, appliance and automotive applications headquartered in Finland, said it has sold its pre-processing machines business to the local management of Glaston Italy. "Glaston has a

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