Wednesday 18 July 2018

Damen delivers two ASD 3212 tugs to Smit Lamnalco

Netherlands-based Damen, a leading shipyard company, has delivered two ASD 3212 tugs to Smit Lamnalco. The tugs will be deployed for service in Oman. The tugs are part of the four vessels ordered by Smit Lamnalco, a leading provider of safe and efficient towage and associated mar


Alba holds ‘Pool Safety’ awareness drive

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, in line with its on-going ‘Safety Selfie’ Summer Campaign, held a one-day ‘Pool Safety’ event at Al-Ramli Mall in Bahrain, last week. This event, which focussed on the importance of protecting


Senior Bahrain team attends China startup summit

A high-level Bahrain business delegation, led by the Startup Bahrain initiative - Bahrain Economic Development Board (EDB), Tamkeen (Labour Fund), Ministry of Industry Commerce and Tourism, are currently attending the RISE Hong Kong Summit, in China. The summit, a leading busines


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

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