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: 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.
Posted: March 5, 2014
KUWAIT. Kuwait upgrades defences with advanced air and missile defence technology.
Posted: March 4, 2014
SAUDI ARABIA. Mohamed Al-Mady, SABIC CEO, called for a step change in the country's approach to downstream based on the Royal Commission model that drove the development of the petrochemical industry.
Posted: March 4, 2014
INTERNATIONAL. "Already we are beginning to see the signs of this offshore activity in regions like the Gulf of Mexico, where spending will represent a third of all deepwater activity globally and the Middle East, where existing brownfield infrastructure needs to be replaced and new installed."
Posted: February 26, 2014
UAE. Exchanges launch respective plastics contracts on the same day to create significant liquidity for trading; Both polypropylene futures contracts to go live on February 28, 2014.
Posted: February 24, 2014
UAE. The deal is awaiting a decision from the Abu Dhabi Executive Council, which may take about a month.
Posted: February 22, 2014
UAE. Masdar Institute has become one of only a few academic institutions worldwide providing cutting-edge semiconductor designs for manufacturing, what is known in the industry as a "tape-out", with support from GLOBALFOUNDRIES.
Posted: February 19, 2014
INTERNATIONAL. "Both Governments have now agreed price escalation terms relating to the Typhoon aircraft under the Salam programme and these have been reflected in contractual arrangements."
Posted: February 19, 2014
SAUDI ARABIA. Over the past 10 years, the SABIC employee count has doubled to 40,000 employees located around the world, creating various challenges in terms of not only the company's recruitment strategy and strategic workforce planning, but also the leadership skills required.
Posted: February 19, 2014
UAE. 442 deals were announced in 2013 as compared to 398 deals in 2012, an increase of 11%, according to EY's MENA M&A Update; The fourth quarter of 2013 saw higher deal activity yet lower deal value.
Posted: February 12, 2014
UAE. The new factory will use an innovative production technology that has been developed in collaboration with UAE University, and is planned to launch with an initial production capacity of 120 tons per annum.
Posted: February 11, 2014
INTERNATIONAL. Removal of certain major sanctions imposed on Iran coupled with growing demand for automobiles in domestic market to drive Iranian tyre industry during 2014-19.
Posted: February 11, 2014
UAE. A million-dollar international prize and a million-dirham local prize for inventing Unmanned Aerial Vehicles (UAVs) to deliver government services more efficiently and conveniently.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 21, 2014
UAE. Qatar's economy is predicted to grow by 6.0%, Saudi Arabia by 4.3% and the UAE by 4.1% in 2014; The key challenge for the GCC remains continuing to diversify its economies and invest in its growing non-oil sectors.
date:Posted: April 21, 2014
SAUDI ARABIA. GCC focused on targeting greater diversification in non-oil sectors.
date:Posted: April 19, 2014
UAE. Key sectors driving growth in the housing market are the tourism, hospitality, education and healthcare sectors, which is translating into robust population growth and demand.
UAE. Qatar's economy is predicted to grow by 6.0%, Saudi Arabia by 4.3% and the UAE by 4.1% in 2014; The key challenge for the GCC remains continuing to diversify its economies and invest in its growing non-oil sectors.
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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