United Arab Shipping embarks on $2bn expansion drive
INVESTMENT IN BIGGER SHIPS
United Arab Shipping Company (UASC) is on a major expansion drive, investing more than $2 billion in bigger ships and forming alliances with peers to boost efficiencies and ride out tough markets.
Agility sees solid revenue growth in 2015
Revenue at Kuwait-listed logistics company Agility is expected to resume growing next year as emerging markets business expands and the company develops new sectors, said its chief executive Tarek Sultan.
Drydocks wins major rig repair contract
Dubai's ship building unit Drydocks World said it has won a contract from Shelf Drilling, a major player in the shallow water drilling market and owner of 40 rigs worldwide, to carry out the drydocking and repairs of its jack-up.
BASF cuts forecasts on Europe sales woes
Germany's BASF, the world's largest chemicals company by sales, cut its earnings forecasts and its projections for the broader market, becoming the latest industrial group to fall victim to weak demand in its main European market.
Engineering specialist Roper ME opens in Dafza
Dubai Airport Freezone Authority (Dafza) has welcomed Roper Middle East, a leading provider of engineered products and solutions for global niche markets, to its roster of high-profile multinational corporate clients.
Yokogawa unveils new low-power pressure transmitters
Yokogawa Electric Corporation has developed a new low-power version of the DPharp EJA-E series differential pressure/pressure transmitter.
Alafco to spend $600m buying aircraft over two years
Kuwait's Aviation Lease & Finance Co (Alafco) plans to spend about $600 million buying 15 new aircraft over the next two years to cover a gap before it receives already-ordered planes in 2017, the company's chief executive said.
Savola to pay $0.2 per share dividend for Q3
Saudi Arabia's Savola Group said it would distribute a third-quarter dividend of SR0.75 ($0.2) per share.
Four funds bid for British luxury paintmaker
American buyout firms Carlyle and Bain Capital are among a group of four private equity funds preparing second-round bids for British luxury paintmaker Farrow & Ball, several sources familiar with the situation said.
Ma'aden Q3 net profit falls 66pc, beats forecasts
Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, beat analyst forecasts as it reported a 66 per cent fall in third-quarter net profit after a one-off gain was not repeated.
Savola Q3 net profit jumps by 53pc
Savola Group, Saudi Arabia's largest food products company, reported a 53.3 per cent rise in third quarter net profits on Thursday, beating analyst forecasts.
Qafco to seek profit in niche fertiliser products
Qatar Fertiliser Company (Qafco) plans to launch niche production of environmentally friendly fertilisers to meet rising demand in Western markets, the firm's chief executive said on Thursday.
High demand for building materials and construction products across the Gulf and wider...
CARPET and wooden furniture maker Mustafa Furnishing Industries has announced plans to...
RePall, the Saudi maker of plastic pallets has significantly expanded its production...
Elfab, a UK-based manufacturer of pressure relief systems, reports sales have been...
Buyers of Konica Minolta products in the GCC region contributed 86 per cent of the...
Seagate, a world leader in hard disk drives and storage solutions, has said investments...
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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).