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
UAE. The third quarter 2014/15 showed a good level of orders, fuelled by small to mid-sized contracts; Company confirms full-year guidance of a high single digit organic sales growth and an operating margin (after corporate costs) over 5%.
UAE. New report by the Gulf Petrochemicals and Chemicals Association (GPCA) and the international consultancy firm Nexant will be released during the 6th edition of GPCA PlastiCon 2015 being held on 11-12 January in Dubai.
SAUDI ARABIA. Black Diamond Structures will focus on applications in select market segments including Energy Storage, Energy Generation, Automotive & Light Truck, Consumer Electronics, and Construction.
TUNISIA. Investment enabled expansion of Company's North African footprint and increased product range; Construction of new state-of-the-art production plant to further improve long-term growth prospects.
QATAR. Deflation is starting to spread into lower global consumer prices, depressed wages and, to a lesser extent, softer asset prices. Unless an appropriate fiscal response is found, this disinflationary dynamics is likely to continue in 2015 and possibly beyond.
UAE. Russian shoppers caught in a currency crunch are staying away from the Dubai Shopping Festival (DSF) this year, but visitors from elsewhere look set to make up the numbers at the annual retail bonanza.