Middle East airlines saw passenger demand expand by 10.9 per cent in April as against the same period of 2012, marking the strongest growth among all regions, according to a release by the International Air Transport Association (Iata).
Emirates National Oil Company (Enoc), owned by the Dubai government, plans to increase capacity at its Jebel Ali refinery by 20,000 barrels per day (bpd) to 140,000 bpd, the company said on Tuesday.
'The company is in the process of un
Saudi Arabia's cement production capacity is expected to jump above 66 million tonnes annually by 2015 from 47 million tonnes this year as the country gears up to meet demand for big infrastructure projects, a report from Al Rajhi Capital said
The major airports in Dubai, Doha and Abu Dhabi will have a combined annual capacity of 190 million passengers in 2015, according to a special research study on the GCC airports' performance.
The current capacity utilization in the GC
Euro zone finance ministers have agreed to increase their financial firewall to 700 billion euros ($933.7 billion) to ward off a new flare-up of Europe's sovereign debt crisis, drawing a positive initial reaction from markets and G20 partners.
Saudi Aramco expects to raise its refining capacity to eight million barrels per day (bpd) as it increases downstream investments, its chief executive officer said, after signing a $10 billion refinery deal with China's Sinopec Group.
Alcoa, the largest US producer of aluminium, said it will slash its global smelting capacity by 12 per cent, becoming the first producer to take direct action to cut costs amid a steep drop in metal prices.
The move will result in a restru
Continued expansion of power generation capacity through building of more power stations and widening the distribution grid is essential to meet the long-term demand in Middle East, according to experts.
As the GCC adds more countries to i
State oil giant Saudi Aramco plans to accelerate the development of its 900,000 barrels-per-day (bpd) Manifa oilfield and reach full capacity by early 2015, an Aramco executive said on Wednesday.
Aramco had said in its 2009 annual review t
Red Sea Gateway Terminal (RSGT), the newest container facility at Jeddah Islamic Port (JIP), is expanding its capacity with batch of the industry’s most advanced ship-to-shore container cranes and advanced tandem lift gantry cranes (RTGs).