• Proclad to invest $136m in Dubai expansion


    Proclad, a world leader in specialist engineering services, has signed an agreement with the National Industries Park in Dubai, UAE, to invest Dh500 million ($136.1 million) in an expansion programme.

  • PetroRabigh takes $33m hit on power cut


    A 10-day power cut at Saudi Arabia's PetroRabigh petrochemical complex will have a SR124 million ($33.1 million) impact on the company's second-quarter results, it said.

  • Fashion Apparel opens unit in Salalah Free Zone


    Fashion Apparel, a garments company, has opened its new $20 million production unit on a 200,000-sq-ft plot at Oman’s Salalah Free Zone, a report said.

  • UAE, South Korea sign MoUs to enhance ties


    A total of three memoranda of understanding (MoU) were signed by the UAE and South Korea for cooperation in different sectors at the 5th UAE-Korea Economic Joint Committee which concluded yesterday (May 30) in Abu Dhabi, UAE.

  • RAK FTZ named most innovative free zone


    Ras Al Khaimah Free Trade Zone (RAK FTZ) has been honoured by the Emirates and Europe Economic Forum with an Innovation Award, winning the category of “Innovative Development of Free Zones” at an event in Warsaw, Poland recently.

  • Napco posts $12.4m revenue in Q1


    Oman-based National Aluminium Products Company (Napco), a leading extruder of aluminium in the GCC, said it has achieved OR4.8 million ($12.4 million) in revenues during the first quarter ending on March 31.

  • IFC to invest $25m in Egyptian petchem firm


    International Finance Corporation (IFC), the private investment arm of the World Bank, plans to invest $25 million in Carbon Holdings Limited, an Egyptian downstream petrochemical producer, said a report.

  • Jazz Pharma to buy Celator in $1.5bn deal


    Ireland-based Jazz Pharmaceuticals will buy Celator Pharmaceuticals in a deal valued at about $1.5 billion, to gain access to Celator's investigational product in development for treating acute myeloid leukemia.

  • QDB, Qatar Shell unveil business opportunities worth $19m


    Qatar Development Bank (QDB) and Qatar Shell have joined hands to provide business opportunities through six contracts worth QR70 million ($19.23 million) for local small and medium enterprises (SMEs), said a report.

  • Bahri appoints general agent in Spain


    The National Shipping Company of Saudi Arabia (Bahri) has further expanded its global footprint with the appointment of Cantabrian Integrated Logistic Services (CILS) as its general agent in Spain.

  • GlassPoint Solar receives recognition at Dubai event


    GlassPoint Solar, a leading supplier of solar to the oil and gas industry, was recently honoured at the Middle East & North Africa Solar Conference and Expo 2016 (Menasol) held in Dubai, UAE.

  • Marafiq signs $415m loan to develop projects


    The Power and Water Utility Company for Jubail and Yanbu (Marafiq) has signed a loan agreement worth SR1.56 billion ($415.7 million) with the Saudi Industrial Development Fund (SIDF), a report said.

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Proclad to invest $136m in Dubai expansion

Proclad, a world leader in specialist engineering services, has signed an agreement with the National Industries Park in Dubai, UAE, to invest Dh500 million ($136.1 million) in an expansion programme. ...


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News & Features - May 2016

Aluminium Bahrain (Alba) has selected International Bechtel Co Ltd (Bechtel) as the engineering, procurement and construction management (EPCM) contractor for its...


Saudi Aramco, headquartered in Dhahran, Eastern Province, is at the centre of the latest reforms...


The UAE’s free trade zones have proved to be a magnet for overseas investors thanks to the tax incentives and convenient regulatory frameworks they...




Solar energy has received greater impetus in recent weeks in the Gulf region as authorities view renewables as a safe, clean and increasingly economical...


Technologies Saudi Aramco is developing and implementing will help it transport hydrocarbons, water and other fluids more reliably and in an...


The new A4VGT series 34 axial piston variable pump from Rexroth fulfills the increased safety requirements...




A new freight service launched by Oman Shipping Company (OSC) has been designed to link all Omani ports to...


Oman’s Salalah Port, a major hub in the West Asia region and a stakeholder in emerging industries in the sultanate’s southern region, is...






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