Industrials

FEATURED REPORT...
Posted: 12-08-2011
INTERNATIONAL.First, the bad news - China's constrained rare earth supplies will be an "irreversible trend" and prices will remain at high levels, according to Zhang Zhong, general manager of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. Zhang should know, as his concern is China's leading rare earths producer - the Baatou mine produces more than 95 percent of China's production, while Chinese mines currently account for 97 percent of global supplies. The increase in global demand for rare earth metals has sent prices soaring in world markets. According to the China Nonferrous M
Posted: April 16, 2014
MOROCCO. Investment will consolidate Kool Food's market-leading position in Morocco and enhance its international expansion.
Posted: April 13, 2014
UAE. 69.8% of participants at Abu Dhabi's Global Aerospace Summit believe their region's infrastructure cannot meet future growth ; Middle East (36.4%) and China (30.4%) seen as experiencing most international growth over coming decade.
Posted: April 9, 2014
SAUDI ARABIA. Six gas turbines, three steam turbines and nine generators; Components for Rabigh 2 IPP to deliver 2,060 MW of generating capacity; Order value approximately US$590 million including service agreement.
Posted: April 9, 2014
SAUDI ARABIA. SABIC remains committed to China and Asia as a partner for sustainable development and inclusive growth; further its investment in this region.
Posted: April 3, 2014
UAE. Global Aerospace Summit in Abu Dhabi taking place from 7-8 April; The summit will focus on the challenges of driving industrialization and growth while adapting to global socio-economic change.
Posted: April 1, 2014
IRAQ. Contract with Eni Iraq B.V., valued at close to 400 million euros, to build the 740 MW Zubair gas-fired power plant, near Basra in southern Iraq.
Posted: April 1, 2014
UAE. Over the last five years, the region's plastic production capacity has almost doubled, rising from 12.7 million tons in 2008, to 24.7 million tons in 2013.
Posted: March 21, 2014
Qatar. The tender, which could go over 8 billion riyals (US$2.2 billion) according to one source, would be the final one for phase one of the metro.
Posted: March 20, 2014
QATAR. Qatar's projects market grew 26% last year with awards worth as much US$20 billion.
Posted: March 19, 2014
UAE. Recruiting and training talent is critical for sustainability of the industry.
Posted: March 17, 2014
SAUDI ARABIA. Lighting JV aims to capture growth from infrastructure spending and drive for energy efficiency in largest economy in the Middle East.
Posted: March 13, 2014
EGYPT. The EGP300 million project is part of a national plan to expand local power network and Will help provide people in remote areas with reliable power supply.
Posted: March 13, 2014
SAUDI ARABIA. US$23 million order awarded by Hyundai Heavy Industries to supply 24 18-megawatt (MW) MV7000 variable speed drives (VSD) to SEC's Jeddah South and Shuqaiq Steam Power Plants. Each project consists of four 660-MW power blocks and is considered as one of the largest steam power plants globally.
Posted: March 12, 2014
KUWAIT. The current construction boom in the GCC has been a key factor driving the demand for cement; Total value of projects planned or underway in the GCC stands at US$2,469 billion.
Posted: March 12, 2014
UAE. The Gulf's petrochemicals output reached US$97.3 billion in 2012, a US$3.2 billion increase on the previous year; Trade association to host first Research & Innovation Summit in Dubai.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
date:Posted: April 16, 2014
UAE. Apartments sector witnessed increase of 29% whilst villa rentals have grown by 15% year on year; Over the next four years roughly 65,000 new residential units penned for completion.
INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.
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