Tuesday 17 July 2018

Acquisition of RAK plant by Shree Cement complete

The Government of Ras Al Khaimah today completed a deal with India’s Shree Cement under which the latter has acquired the emirate’s Union Cement Company (UCC).    The Foreign Direct Investment (FDI) deal has been completed exactly six months aft


Sabic world's fastest-growing chemicals brand

Saudi Arabia’s petrochemicals giant Sabic has grown faster over the past year than any other brand in 2018, jumping from eighth to third rank, according to brand valuation and strategy consultancy Brand Finance. Contributing to Sabic’s impressive 78 per cent increase


Saudi Arabia prepares new mineral investment strategy

Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources has completed the modified mineral investment strategy, which allows the private sector to benefit from promising investment opportunities in the sector, said a report. Minister of Energy, Industry and Minera


Saudi to import 1.74m tonnes of fodder barley

Saudi Grains Organization has completed steps for its fifth tender for this year to import 1.74 million tonnes of fodder barley during September-October 2018 on board 29 ships through the kingdom's ports on the Gulf and the Red Sea, said a report. The organisation's Gover


DMCC, China Council sign deal to promote trade

DMCC, a leading free zone and Government of Dubai Authority on commodities trade and enterprise, has signed an agreement with China Council For The Promotion Of International Trade (CCPIT) for the promotion of global trade. Designed to strengthen the commercial collaboration betw


GAC Dubai sets up specialist food storage facility

GAC Dubai Contract Logistics is using heating, ventilation and air conditioning (HVAC) technology to respond to its customers’ needs for specialist storage to prevent tainting between foodstuffs. GAC is a global provider of integrated shipping, logistics and marine services


Kanoo Machinery wins distribution award from Sullair

Kanoo Machinery, a fully owned business division of Yusuf bin Ahmed Kanoo Group, has won “The Distributor of the Year” award for the region from Sullair, a Hitachi Group company which specialises in manufacturing high-quality air compressors. Kanoo Machinery is a majo


Bahrain records economic growth of over 5pc in Q1

Bahrain’s gross domestic product (GDP) in the current prices grew by 5.1 per cent during the first quarter (Q1) of the year as compared to the same quarter of 2017, the Information & eGovernment Authority (iGA) said in a new report. Meanwhile, Bahrain non-oil sector bea


Ferrari wins ‘Red Dot: Best of the Best’ award

Ferrari, an Italian luxury sports car manufacturer, was recently honoured with the ‘Red Dot: Best of the Best’ award for the ground-breaking design of the Portofino, the company’s most recent V8-engined GT car. This is the consecutive fourth year that the compan


AkzoNobel named sole supplier of coatings for Ain Dubai

AkzoNobel, a leading global paints and coatings company, has been selected as the sole supplier of protective coatings for Ain Dubai (Dubai Eye), the largest and highest Ferris Wheel in the world. Keeping Ain Dubai at its aesthetic best for years to come, AkzoNobel’s highly

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