Alcoa spins off upstream smelting business
Metals company Alcoa said its planned split will consist of a spinoff of upstream smelting business, and that up to 19.9 per cent of the new firm will be owned by its value-added business that serves aerospace and automotive industries.
Abu Dhabi fund IPIC records $2.6bn loss in 2015
LOW OIL PRICE BITES
Abu Dhabi state investment fund International Petroleum Investment Company (IPIC) said it suffered a net loss of $2.6 billion in 2015, reflecting the blow to the wealthy emirate's finances from low oil prices.
Mondelez makes takeover bid for Hershey
Mondelez International Inc, the maker of Oreo cookies and Cadbury chocolates, has made a takeover bid for chocolate and sugar confectionery company Hershey Co, a person familiar with the matter said on Thursday.
Averda launches big medical waste disposal drive
UAE-based Averda, a provider of integrated waste management solutions, is investing heavily in the medical waste treatment and disposal sector in South Africa. With a 2,500-strong workforce, it now has a major presence in five big cities.
Saudi, France plan major trade agreements
Saudi Arabia and France are expected to sign major trade agreements in key areas of defence, energy, transport, research, housing and tourism during the current visit of Deputy Crown Prince Mohammed bin Salman.
Indian firms to invest $235m in Iran port
Indian companies have announced plans to invest $85 million into the Iran’s port of Chabahar which will be set up on a build-operate-transfer (BOT) model, said a report.
AIS opens big food production facility in Ajman
Arab & India Spices (AIS), a major importer of food products in the Middle East, has opened the region’s largest food production facility built at an investment of Dh350 million ($95.2 million) over a 400,000-sq-ft area in Ajman, UAE.
Empower wins top district cooling services award
UAE-based Empower, a leading district cooling services provider, said it has won top honours at the International District Energy Association (Idea) Annual Conference & Trade Show, held recently in the US.
Iran plans tenders for oil fields as contract nears
Iran plans to issue tenders to develop its oilfields this summer, as the government is expected to approve a new model oil contract designed to attract investors, Oil Minister Bijan Namdar Zanganeh said in an interview with the Isna.
Etihad Cargo launches luxury car service
Etihad Cargo, the freight division of Etihad Airways, has launched a unique, new offer for guests who want to travel with their luxury car over the summer period.
Dow, RSA-Talke sign supply chain contract
An affiliate of The Dow Chemical Company and RSA-Talke, a leading logistics company, have signed a contract for the storage of chemical products that will be manufactured by Dow from various production sites globally.
Rio gives away stake in PNG Mine with $51bn reserves
Rio Tinto Group has given away its stake in the company that owns an abandoned mine in Papua New Guinea with potential copper and gold reserves worth $51 billion, said a report.
As much as 84 per cent of sales of UAE pharmaceuticals producer Julphar come from export...
A deal has been signed with a UAE authority to build the nation’s largest tissue...
The UAE’s Ducab will for the first time export its nuclear power-qualified cables...
Huge funds marked for the construction and infrastructure sector as well as expected...
Famco, an importer and distributor of Iveco trucks among other commercial, construction...
Gulf customers together with buyers in other Middle Eastern and African markets can shop...
List of organisations, councils, chambers of commerce and other construction related bodies from various countries:
Gulf Industry Fair
The Gulf Industry Fair is the highly acclaimed trade exhibition for the GCC which has established itself as the unrivalled marketing platform for specialist industrial products and service providers, distributors and agencies representing the key segments of: Aluminium, Industrial Processes and Manufacturing, Steel and Alloys, Energy & Environmental Protection, Logistics & Industrial Facilities, Ports & Maritime Industries, Training for Industry and Industrial Safety & Security.
Over 100 companies from more than 16 countries participated in the seventh Gulf Industry Fair from 4th to 6th February 2014 at the Bahrain International Exhibition and Convention Centre (BIECC).