• US firm to provide Sadara security vehicle

    Global Digital Solutions (GDSI) plans to ship a high-end, mobile command and control vehicle to Sadara, a petrochemical joint venture between Dow Chemical and Saudi Aramco.

  • Adnoc, Khalid Faraaj team wins safety award

    The 42 M Aluminium Crew Boats project team for Abu Dhabi National Of Company (Adnoc) and ship operators Khalid Faraaj has been awarded a health safety and environment award by Grandweld Shipyards.

  • UPS slashes forecast for earnings

    United Parcel Service (UPS), the world's biggest courier company, slashed its earnings forecast for the year as it spends to boost capacity ahead of the holiday shopping season.

  • Asry's rig division eyes opportunities

    Ship and rig repair yard Asry's offshore rig repair division is preparing for a possible market surge, chief executive Nils Kristian Berge has said.

  • Alba posts net income of $86m in H1

    Alba's total sales for the first six months of this year were BD376.4 million ($1.001 billion) versus $1.018 billion in the corresponding period last year, on the back of higher premium partially offset by lower LME prices.

  • Iran detains four journalists, 3 US-Iranians

    The Committee to Protect Journalists on Thursday called on the Iranian government to immediately release four detained journalists, three of whom it said had US-Iranian nationality.

  • Lighting industry majors focus on Middle East

    More than 250 top players in the lighting industry will look to tap into the lucrative Middle East market at the ninth edition of Light Middle East, to be held in Dubai in November.

  • Aramex Q2 net profit up 12pc

    Dubai logistics firm Aramex reported a 12 per cent rise in second-quarter net profit on Thursday, in-line with analyst estimates.

  • Former Alba chief jailed for corruption

    Former Alba chief executive Bruce Hall has been sentenced to 16 months in prison and ordered to pay £3 million ($5.1 million) by a British court.

  • Agthia profit surges 21pc in H1

    Agthia Group, one of the UAE’s leading food and beverage groups, has reported a net profit of Dh104.5 million (28.45 million) for the first half of 2014, an increase of 21 percent year-on-year.

  • DP World global container volumes up 9.3pc

    DP World handled 29.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first half of 2014, with gross container volumes growing by 9.3 per cent on a like-for-like basis.

  • Qurain Petrochemical Q1 profit down 78pc

    Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD930,000 ($3.3 million) for the first quarter of the 2014/2015 financial year ended June 30, a decrease of 77.6 per cent compared to the same period last year.

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Industry News

US firm to provide Sadara security vehicle

Global Digital Solutions (GDSI) plans to ship a high-end, mobile command and control vehicle to Sadara, a petrochemical joint venture between Dow Chemical and Saudi Aramco....


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