Saturday 28 May 2016
 
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Expansion

Alba to seek $500m loan for expansion

Bahrain-based international smelter Alba plans to raise up to $500 million debt from local and regional banks to part finance its $3.5 billion expansion, the company’s chief executive Tim Murray was quoted as saying by the Gulf Daily News,

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Iran seeks $10bn investment for aluminium expansion

Iran’s miners are seeking investments worth $10 billion to address the issue of shortage of bauxite and electricity affecting the domestic aluminium industry, said a report. Iran’s current production of 350,000 metric

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Bharat Oman Refinery to raise capacity

India-based Bharat Oman Refineries Limited (BORL), a joint venture by the two countries, will raise the refinery capacity at its Bina unit in the Indian state of Madhya Pradesh in two phases, a report said. The fir

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Wyndham announces new hotels in the Middle East

Wyndham Hotel Group signed two new development deals at this week's Arabian Hotel Investment Conference (AHIC), which will bring globally recognised brands to Oman and Iraq. In 2015 Wyndham opened nearly 40 new hotels open acr

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Marriott signs new Doha property, unveils expansion plans

Marriott International is preparing for significant growth within the Middle East and Africa with the signing of a new property in Doha, Qatar and plans to open 17 new properties across the region this year. At present, the hotel

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Dubai's Emaar Hospitality to open 35 new properties

Emaar Hospitality Group has unveiled plans to open 35 new hotels and serviced residences under its three flagship brands  – The Address Hotels + Resorts, Vida Hotels and Resorts and Rove Hotels -  in Dubai, the UAE and key intern

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Shaza Hotels to open six new properties across ME

Shaza Hotels, an independent five-star luxury hotel operator, has signed six new hotels across the Middle East that are set to open between 2016 and 2019 in addition to its existing Shaza Al Madinah in Saudi Arabia. At the Arabian

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Ajman Free Zone aims for rapid expansion

Ajman Free Zone Authority said that it is aiming for rapid expansion following the successful addition of its offices in the UAE and India. The extension will greatly contribute in strengthening the presence of the free zone as a

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Jalboot adds second ferry and new charter offerings

Jalboot Marine Network, Abu Dhabi’s only private scheduled passenger ferry service, has unveiled a new expansion phase that includes a second ferry and private corporate and event charters.   The new ferry – &lsquo

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Expansion an elusive dream for Indian industry

Expansion is a distant dream for many Indian manufacturers as they grapple with under-utilised factories and towering debts, putting pressure on Prime Minister Narenda Modi to count on government spending instead of private investment to boost A

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