Monday 25 September 2017

GPCA fertilizer forum to highlight market drivers

The impact of new market changes on fertilizer trade and key drivers behind future growth will be discussed in detail at the upcoming GPCA (Gulf Petrochemicals and Chemicals Association) Fertilizer Convention in Bahrain. The 8th edition of the annual convention is set to take pla


Air Products, Dhahran Techno to build top tech centre

US-based Air Products, a leading industrial gases company, has signed an agreement with Dhahran Techno Valley Company to build and develop a world-class technology centre in Saudi Arabia. "We are delighted and proud to be building this world-class Industrial Gases technology


TIP, Al Jaber sign major power contract

UAE’s Tawazun Industrial Park (TIP) has signed a Dh150 million ($41 million) contract with Al Jaber Transport & General Contracting to enhance the power availability in its Park. The contract was signed by Faiz Al Nahddy, CEO of Tawazun Industrial Park, and Obaid Khalee


UAE-Iraq trade touches $7 billion in 2016

Total value of two-way trade between the UAE and Iraq stood at nearly Dh26 billion ($7 billion) in 2016, making Iraq one of the key export markets for UAE, with re-exports accounting for Dh12.3 billion of the total value of trade, said the Federation of UAE Chambers of Commerce and Industry.


Top diamond industry leaders to join Dubai conference

International leaders of the diamond industry ranging from African ministers to traders, financiers and world-renowned jewellers will take part in the Dubai Diamond Conference, to be held next month. The Dubai Diamond Exchange (DDE), a Dubai Multi Commodities Centre (DMCC) platfo


Alba Line 6 pot shell fabrication in full swing

Aluminium Bahrain, a leading aluminium smelter, has announced that its Line 6 Expansion Project’s pot shell fabrication is full swing at a Bahrain contractor.   Alba’s Chief Executive Officer Tim Murray paid an inspection visit to Ahmed Mansoor Al Aa


DP World to acquire Dubai Maritime City and Drydocks

DP World, a global trade enabler, has entered into agreements to acquire Maritime World, the 100 per cent owner of Dubai Maritime City (DMC) for a purchase consideration of $180 million and to buy 100 per cent of Drydocks World by means of a capital injection of $225 million. DMC


Halal Expo Dubai opens to 4,000 trade visitors

Around 4,000 people, mostly buyers and sellers of Halal products and services from 40 countries are expected to attend Halal Expo Dubai, which opened in Dubai today (September 18). Amina Ahmed Mohammed, chief executive officer of the Emirates International Accreditation Centre (E


Saudi Arabia to float tenders for Red Sea-Gulf railway

Saudi Arabia plans to seek bidders for the construction of a 1,600-km-long railroad linking the Red Sea with the Arabian Gulf as early as the end of this year, signalling the go-ahead for a long-delayed project seen as vital to reducing the economy’s dependence on oil. The


Saudi PIF to host top Future Investment Initiative

The Public Investment Fund (PIF) of Saudi Arabia today announced the launch of the Future Investment Initiative (FII) under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud. Hosted and organised by PIF, the kingdom's main investment ar

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