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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: September 1, 2010
EGYPT. ASEC Company for Mining - ASCOM announced today that it has made material progress at its gold concessions in Ethiopia, Sudan and Algeria.
Posted: August 29, 2010
INTERNATIONAL. Start up of the new production line is planned for the end of 2013 and will utilise renewable feedstock technology.
Posted: August 28, 2010
SAUDI ARABIA. New titanium and steel plant to start production in 2012, according to a company statement.
Posted: August 27, 2010
INTERNATIONAL. Boeing said it would further delay the delivery of its first 787 Dreamliner until early next year after citing delivery problems with the Rolls-Royce engines.
Posted: August 26, 2010
INTERNATIONAL. Having a truly local operation will enable Univar to strengthen existing relationships and improve its value-added proposition to customers and suppliers.
Posted: August 26, 2010
UAE. Saffana Michael will support Boeing's growing presence and business objectives across the region.
Posted: August 25, 2010
UAE. GE today announced the appointment of seven new company officers.
Posted: August 25, 2010
UAE. The project finance debt was raised through a US$367 million Islamic facility and a US$733 million conventional facility.
Posted: August 23, 2010
INTERNATIONAL. Opposition leader Tony Abbott best placed to woo the independent lawmakers needed to form a government.
Posted: August 22, 2010
UAE. ABB to design and install four state-of-the-art substations for the Al Muneera Apartment, a major highlight of the Raha Beach project.
Posted: August 18, 2010
INTERNATIONAL. By 2012, DuPont expects sales from emerging markets to total around US$12 billion, or 35% of total sales.
Posted: August 17, 2010
INTERNATIONAL. The two C-130J 'short' configuration aircraft will be delivered in late 2013 and early 2014.
Posted: August 17, 2010
UAE. Equity earnings were US$244 million, double the amount in the same period of 2009, driven by strength in Dow Corning and the Company's joint ventures in Kuwait.
Posted: August 15, 2010
SAUDI ARABIA. The seven-year loanfrom NCB is guaranteed by Sabic, which holds a 35% stake in Kayan.
Posted: August 15, 2010
OMAN. OCTAL was evaluated on its commitment to quality management, proactive approach towards customer satisfaction and continual improvements in all aspects of its resin production.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2010
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
date:Posted: September 1, 2010
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
date:Posted: September 1, 2010
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.
INTERNATIONAL. Masood Ahmed, Director of the IMF's Middle East and Central Asia Department, described the flooding as a "human catastrophe that is still evolving." Reconstruction costs expected to run into billions of dollars.