Thursday 1 September 2016
 
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Sany wins major mobile port machinery deal in Saudi Arabia

Sany Port Machinery, a company specialised in manufacturing port machinery, recently exported 31 mobile port machines, valued at almost $7.5 million, to King Abdul Aziz Port in Dammam, Saudi Arabia. This is the largest mobile port

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Alba awards new PDS contract to Siemens

Aluminium Bahrain (Alba), one of the world's leading aluminium smelters, has announced that it has awarded Siemens the power distribution system (PDS) contract for Power Station 5 (PS 5), as part of its Line 6 project. Under t

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Alba awards new PDS contract to Siemens

Aluminium Bahrain (Alba), one of the world's leading aluminium smelters, has announced that it has awarded Siemens the power distribution system (PDS) contract for Power Station 5 (PS 5), as part of its Line 6 project. Under t

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Volkswagen reaches deal to compensate US dealers

Volkswagen AG announced on Thursday that it has reached a deal in principle to compensate its 650 US dealers in connection with the German automaker's diesel emissions scandal. The automaker and a lawyer for VW brand dealers a

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Top five must-visit destinations this Eid-Al-Adha holiday

As the Eid Al Adha holiday slowly draws near, many families will be looking forward to planning a short holiday. Whether travellers are looking for a solo retreat, fancy holiday for two or a family-friendly getaway, global airline

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Deal or no deal? Oil markets focus on Algeria meeting

Opec and non-Opec countries are again flirting with the idea of a production freeze to accelerate oil-market rebalancing, according to recent statements by several oil ministers. "Rebalancing is already taking place," Sa

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Opec deal a tough task, as oil output freeze expectations rise

Opec will probably revive talks on freezing oil output levels when it meets non-Opec nations next month as top exporter Saudi Arabia appears to want higher prices, according to Opec sources, although Iran, Iraq and Russia present obstacles to

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Mondelez to mix Cadbury chocolate, biscuits with Burton's deal

Mondelez International is to buy the rights to sell Cadbury-branded biscuits from Britain's Burton's Biscuit Co in a bid to sell more and combine chocolate and biscuits in new products. Mondelez, with its global distributi

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Steinhoff reveals $3.8bn Mattress Firm deal

Steinhoff's $3.8 billion purchase of debt-laden Mattress Firm, the largest US specialty bedding vendor, will help cut its exposure to a weak home market and gain a big presence in the world's biggest retail market. The dea

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Oman Air inks sale, leaseback deal with DAE

As Oman Air continues its ambitious fleet and network expansion plan, the airline has signed a letter of intent (LOI) with Dubai Aerospace Enterprise (DAE) for the sale and leaseback of two new B737-800 aircraft. The first of the

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