• Savola net profit drops 43.2pc


    Saudi Arabian food maker Savola Group, the country's largest food products company, reported a 43.2 per cent fall in second-quarter net profit and cut its dividend on Thursday, citing higher operating expenses and financial charges.

  • Sony logs 42pc plunge in Q1 operating profit


    Japan's Sony Corp on Friday said operating profit fell in its first quarter by 42 per cent, less than analysts had estimated, as the electronics maker trimmed the impact of earthquake damage to one of its image sensor factories.

  • VW eyes higher 2016 car sales on China, Europe demand


    Volkswagen this year expects to increase group vehicle sales slightly beyond the 9.93 million cars it delivered in 2015, sales chief Fred Kappler said.

  • Raytheon revenue tops estimates as smart bomb sales rise


    Raytheon Co, the maker of Patriot missile systems, reported higher-than-expected quarterly revenue as sales of its Paveway smart bombs increased.

  • Muna Noor opens new centre in Salalah


    Muna Noor, a leading plastic pipe manufacturer and one of Oman’s oldest companies, has opened the first of its new style Pipe and Valves Centres in Salalah, Oman.

  • Sanofi sales and profit slide on US pricing


    French drugmaker Sanofi's sales and profit fell in the second quarter despite double-digit growth at biotech arm Genzyme, as the diabetes division continued to come under sustained US pricing pressure.

  • SR Technics completes cabin modification for SAS


    SR Technics, a leading global MRO service provider, has announced the successful delivery of the cabin modification project of 12 wide-body aircraft for its partner Scandinavian Airlines (SAS).

  • Damen Shipyards launches latest concept design


    Damen Shipyards Group has announced its latest concept design – the Damen Decommissioning Series – based on an in-house research carried out by one of its undergraduate interns.

  • Al Salem Johnson Controls provides top solutions


    Al Salem Johnson Controls, a leading provider of integrated heating, ventilation and air-conditioning (HVAC) solutions and equipment, has highlighted its ability to provide best solutions to customers in power emergency situations.

  • Bahri Q2 net profit rises 47.2pc


    National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 47.2 per cent increase in second-quarter net profit.

  • Sabic costs shrink but lower sales weigh: acting CEO


    The acting chief executive of Saudi Basic Industries Corp (Sabic) said on Thursday that its costs in the second quarter of 2016 dropped by 18 per cent from the first three months of the year.

  • Jebel Ali Port voted ‘Best Sea Port - Middle East’


    Dubai-based global marine terminal operator DP World’s flagship Jebel Ali Port has been voted “Best Sea Port – Middle East" for the 22nd consecutive year at the recent Asian Freight, Logistics and Supply Chain Awards (AFLAS).

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Savola net profit drops 43.2pc

Saudi Arabian food maker Savola Group, the country's largest food products company, reported a 43.2 per cent fall in second-quarter net profit and cut its dividend on Thursday, citing higher operating expenses and financial charges....


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News & Features - July 2016

Aluminium Bahrain (Alba) has announced it is accelerating early works on the Line 6 Expansion Project to meet schedules and stay on track. A statement to the...


Savola Group, Saudi Arabia’s largest food products company, is facing pressures from several quarters that are squeezing its revenues and...


A novel way to significantly increase the amount of sunlight that a solar absorber can convert into...




Dubai’s free zones, encompassing some iconic business enclaves, are acknowledged for their pivotal role...


To meet the worldwide growing demand for medium piping  systems for high-purity applications, Agru, one...


SR Technics, wholly owned by Abu Dhabi’s Mubadala Development Company, reinforced its position as the...




Emerson has introduced wirelessly-monitored Enardo 2000 emergency pressure relief vents (EPRVs) that provide...


Vessels operators should undertake greater scrutiny and screening of Ro-Ro cargo to prevent fire disasters,...


Global ports operator DP World clinched deals in Equador and Somaliland in recent weeks to develop terminals, boost container traffic and spur general...




Manufacturers in the Middle East and Africa will increase their spending on the Internet of Things (IoT) by...




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OMAN FIRE, SAFETY AND SECURITY EXHIBITION 2016 (OFSEC) Sept 5-7 Dynamic economic and infrastructure development in Oman and the region has made the...


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