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 centre of the global petrochemicals industry is moving from West to East; GCC needs to stay ahead of its competitors by being flexible, sustainable and preparing to enter new markets; Africa is "natural backyard".
UAE. Saudi Arabia's SABIC clinched the number one spot with net profits of US$6.6 billion and US$90.2 billion in total assets; Qatari companies top the banking, industrials, insurance, transport and retail sectors; The real estate sector is back on track.
UAE. The awards evening was a inspirational gathering, stirring budding entrepreneurs to aspire to brilliance and well-established businesses to expand their horizons, collaborate with the best in the region, and win.
UAE. The GCC cable consumption is much larger than North Africa's, and is dominated by power cable and building wire. In 2012, the GCC market reached almost 1.2 million gross cable tonnes, compared with 520,000 tonnes in North Africa.
INTERNATIONAL. In this exclusive interview, Chris Faulkner, CEO of Breitling Energy Companies discusses how Bakken has turned the US into an economic powerhouse and how the US can compete with Saudi Arabia.