Tuesday 4 August 2015
 
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Drydocks World creditors select Moelis as advisor

Creditors of Drydocks World, the Dubai government-owned company seeking to revise part of a $2.3 billion debt restructuring deal which it signed in 2012, have chosen Moelis & Co as an adviser, sources familiar with the matter said.

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DP World Australia inks lease deals with port

DP World Australia, a unit of Dubai-based marine operator DP World and the Port of Melbourne Corporation (PoMC) have signed new lease arrangements at DP World Australia’s West Swanson Terminal. DP World Australia managing di

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LR Senergy wins key deals in Middle East

LR Senergy, an integrated energy services company, said it has been awarded a number of contracts worth a combined $7 million in the Middle East, Europe and Asia (MEA) as it continues to adapt to the difficult and changing market conditions.

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APM Terminals appoints new managing director for Bahrain

APM Terminals Bahrain, the operator of Khalifa Bin Salman Port, has appointed Mark Hardiman as its new managing director. Hardiman, previously the chief operating officer (COO) of APM Terminals Bahrain, will replace Marco Neelsen,

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Gift of fortune

Bahrain’s Moda Mall recently announced the winners of the Grand Raffle Draw as part of its ‘Shop and Win promotion. The first prize winner, Meshal Al Jalahma received 704 gm of gold coins, with the second and third prize win

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China's factory activity shrinks most in two years

Headwinds for the world's second-biggest economy intensified at the start of the third quarter, with manufacturing conditions in China deteriorating to their worst in two years in July and triggering fresh slides in global commodity prices.

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Taking a closer look

The winners of the Jaguar Design XE Competition got an opportunity to get a closer look at the British brand’s unique collection of beautiful heritage vehicles on a trip to the Jaguar Land Rover Global Headquarters in the UK. Ralp

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Envoy visits Alba

Aluminium Bahrain (Alba), one of the leading aluminium smelters in the world, said it had welcomed Vagif Garaev, Ambassador of Russia and other Russian diplomats recently. The main purpose of the visit was to meet with Alba repres

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Egypt to import 7.79m tonnes of LNG

Egypt expects to import 28.6 million tonnes of crude oil, liquefied natural gas (LNG) and other oil products worth a total of almost $16 billion in 2015-16, the planning ministry said on Saturday. The government expects to buy 7.7

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Egypt to import 7.79m tonnes of LNG

Egypt expects to import 28.6 million tonnes of crude oil, liquefied natural gas (LNG) and other oil products worth a total of almost $16 billion in 2015-16, the planning ministry said on Saturday. The government expects to buy 7.7

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