• DP World, CDPQ set up $3.7bn investment vehicle

    GLOBAL EXPANSION STRATEGY
    Dubai-based global marine terminal operator DP World has joined hands with Caisse de depot et placement du Quebec (CDPQ), one of North America’s largest pension fund managers, to create a C$5 billion ($3.7 billion) investment platform.

  • Leminar opens new duct production line in Doha


    Leminar Air Conditioning Industries, a leader in quality HVAC ductwork manufacturing in the region, has inaugurated its state-of-the-art FFC-UK manufacturing line for fire-rated ducts in Doha, Qatar.

  • UAE non-oil sector regains momentum in Nov


    The UAE’s non-oil private sector regained some growth momentum in November, thereby reversing the slowing trend seen in each of the prior three months, a report said.

  • Iran, Hyundai near $650m deal for ships


    Islamic Republic of Iran Shipping Lines (IRISL) Group and South Korea's Hyundai Heavy Industries are in the final rounds of a $650-million deal to provide 10 ships to Iran, a report said.

  • Over 55pc international brands set up shop in Mideast


    The Middle East region is fast becoming the global retail hotspot with over 55 per cent international fashion brands setting up shop here for a customer base that is increasingly online, according to a recent study.

  • EGA wins four awards at innovation symposium


    UAE-based Emirates Global Aluminium (EGA), a leading aluminium producer in the Middle East, said that it was recently honoured with four awards at the 2016 Quality Group Continual Improvement and Innovation Symposium, held in Dubai, UAE.

  • Alba names new administration head


    Aluminium Bahrain (Alba), a leading international aluminium smelter, has appointed Waleed Tamimi as its new director of administration.

  • India mulls $20bn investment in Iran port


    India plans to invest $20 billion in Iran's Chabahar port and in the development of the major Farzad B offshore gas field project, according to a senior Indian official.

  • Managed pressure drilling market to top $4.6bn


    The global managed pressure drilling services market is likely to cross $4.6 billion over the next five years with a compound annual growth rate (CAGR) of 3.8 per cent during the period, according to an expert.

  • Ooredoo wins Best Executive Team award


    Ooredoo, a major telecom group in the region, said its senior management team was recognised with the ‘Best Executive Team Award for the Telecom Sector’ at the Arab Best Awards 2016, held in Marrakesh, Morocco.

  • Batelco launches enhanced support mobile services


    Bahrain-based Batelco, a leading telecom provider, has expanded its Enterprise Help Desk services to support mobile services including fault reporting, aimed at providing a major boost for business sector customers.

  • Albaddad inks storage expansion deal with NIP


    Albaddad Capital, a leading economic group, has signed an expansion agreement with Dubai's National Industries Park (NIP) to raise its storage efficiency at a 300 per cent growth rate during the next five years.

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Industry News

DP World, CDPQ set up $3.7bn investment vehicle

Dubai-based global marine terminal operator DP World has joined hands with Caisse de depot et placement du Quebec (CDPQ), one of North America’s largest pension fund managers, to create a C$5 billion ($3.7 billion) investment platform....


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News & Features - December 2016

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