Saudi-Egypt JV to build $1bn steel complex in Suez
Egyptian Suez Canal Authority (SCA) has signed a partnership agreement with a Saudi organisation to set up an iron and steel factory in Ain Sukhna region of Egypt at an investment of $1 billion said a report.
Global distribution transformers market to reach $16.6bn
The global distribution transformers market is set to rise from $13.74 billion in 2015 to $16.67 billion by 2020, at a compound annual growth rate (CAGR) of 5 per cent, according to research and consulting firm GlobalData.
Nissan acquires 34pc stake in Mitsubishi Motors
Nissan Motor Company has completed its acquisition of a 34 per cent equity stake in Mitsubishi Motors (MMC) and became its largest shareholder.
Abu Dhabi Ports displays digital services at Gitex
Abu Dhabi Ports, the master developer, operator and manager of the ports and the Khalifa Industrial Zone in the UAE emirate, showcased its latest digital services and solutions at the Gitex, a global leading technology event, in Dubai, UAE.
Jacky’s exhibits RoboCut 3D printing machine
Jacky’s Business Solutions, a leading end-to-end solutions provider for major regional enterprises and corporations, showcased the Ronchini Massimo – RoboCut 3D printing machine at the Gitex, in Dubai, UAE.
SR Technics wins Volotea engine agreement
SR Technics, a world leading MRO service provider, said that it has won a 10-year exclusive power by the hour (PbH) agreement from Volotea, the airline of mid and small-sized European cities.
EGA’s Guinea container terminal opens
The UAE-based Emirates Global Aluminium (EGA), one of the world's leading aluminium producers, has opened its container terminal in its new port facility at Kamsar, Guinea.
Enec, Kepco sign JV for UAE nuclear energy project
LONG-TERM PARTNERSHIP SEEN
Emirates Nuclear Energy Corporation (Enec) and Korea Electric Power Corporation (Kepco) have signed a joint venture (JV) agreement for a long-term partnership and cooperation for the UAE’s peaceful nuclear energy programme.
FedEx Express to back ‘Women in Leadership’ forum
FedEx Express, a subsidiary of FedEx Corp and the world’s largest express transportation company, said it will support the 2016 Global Women in Leadership Economic Forum as its official Gold Sponsor for the third consecutive year.
TÜV Rheinland acquires T.U.V. Maghreb
TÜV Rheinland AG, a global leader in independent inspection services has announced the acquisition of T.U.V. Maghreb SARL, a leading certification body in the Maghreb Region.
US firm wins Oman recycling equipment deal
Oman-based Al Ramooz has selected US’ Bulk Handling Systems (BHS), a recycling equipment maker, to design, manufacture and install recycling equipment for refuse processing plants in Ibri and Buraimi in northwest Oman, said a report.
Milaha posts $546m revenue for 9 months
NET PROFIT DROPS
Qatar Navigation (Milaha) has reported operating revenues of QR1.99 billion ($546.5 million) for the nine months ended September 30, compared to QR2.30 billion ($631.7 million) for the same period in 2015.
Dubai-based Gulf Rubber Industries (GRI) has introduced some new and innovative products...
RAKtherm, a leading and internationally certified brand of innovative PPR and PEX piping...
World-renowned precision engineering company Euroscot Engineering has opened its first...
BFGoodrich Tires, a leading tyre manufacturing company, which recently announced the...
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