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Industrials

FEATURED REPORT...
Posted: 17-12-2007
UAE. Emirates Aluminum Company (EMAL), the joint venture equally owned by Mubadala Development Company (Mubadala) and Dubai Aluminum, announced today that it has closed its US$4.9 billion limited recourse bank financing. EMAL received over US$15 billion of commitments for the facilities, which consist of a US$1.8 billion, 16-year term loan, a US$270 million letter of credit facility and a US$2.8 billion six year equity bridge loan. Further financing for EMAL of up to US$2 billion is expected to be launched into the credit markets during the construction of the smelter, bringing the total
Posted: November 19, 2009
UAE. FINE is set to reinforce its regional market leadership in 2010 with strategic investments in latest production technologies and the implementation of an improved distribution model.
Posted: November 17, 2009
INTERNATIONAL. Gulf Craft today has announced that Erwin Bamps has been appointed as the Chief Operating Officer of Gulf Craft.
Posted: November 16, 2009
UAE. Boeing and investment firm Mubadala signed an aerospace pact on Monday that will help Abu Dhabi launch its fledgling aerospace industry.
Posted: November 15, 2009
UAE. Goodrich Corporation has signed a letter of intent with Emirates to become the exclusive provider of evacuation system MRO services for the airline's fleet of 58 Airbus A380 aircraft.
Posted: November 15, 2009
KUWAIT. Investcorp said its Gulf opportunity fund is to acquire a 20% stake in Gulf Cryo, the Middle East's leading industrial gases manufacturer.
Posted: November 4, 2009
UAE. The high-value project, which spans four plots and occupies a total area of 280,000 square metres underscores the sustained influx of high-stakes investments into the emirate.
Posted: October 29, 2009
INTERNATIONAL. Paper mills from the GCC region have formed a new industry body under the name of GPIA, with the goal of working unitedly to ensure the robust and sustainable development of the paper industry in the region.
Posted: October 26, 2009
UAE. RWI announced that it has bagged an insulation contract for 'Yas Island', a 25 sq. km world class leisure and tourist destination in Abu Dhabi by Aldar Properties
Posted: October 25, 2009
UAE. Dubai Multi Commodities Centre Authority has announced that Thailand-based plastic resin trading company begin operations from Almas Tower as a DMCC-registered company, following the DMCC license in April this year.
Posted: October 25, 2009
INTERNATIONAL. France boasts some of the oldest machinery producers in the world, and their expertise can help regional players boost the nascent paper industry in the Middle East.
Posted: October 25, 2009
QATAR. QICC has awarded the contract to Amana Contracting & Steel Buildings for the turnkey construction of its cable factory in Messaieed Industrial City, Qatar.
Posted: October 22, 2009
BAHRAIN. Dow Corning has established a Middle East headquarters and commercial entity in Manama, Bahrain.
Posted: October 22, 2009
UAE. Metinvest International SA has announced recently the launch of its new branch office in the Jebel Ali Free Zone in Dubai.
Posted: October 21, 2009
INTERNATIONAL. The company will sign a preliminary deal with the Saudi Arabian government for a plant in Jubail, which would have an annual capacity of 300,000 tonnes of dimethylether from 2013.
Posted: October 20, 2009
UAE. MEMEX is the foremost industrial event in the region designed to spur business and showcase cutting-edge machinery, technology, services and solutions for the manufacturing sector.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
date:Posted: November 19, 2009
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
date:Posted: November 18, 2009
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.