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 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.
Posted: February 11, 2014
IRAQ. Under terms of the contract, Siemens will supply and deliver spare parts for the plant's four gas turbines as well as perform significant upgrades.
Posted: February 6, 2014
UAE. In the final six months of last year, average rental values for Class 1 property rose by 12% half-on-half and were up 18% compared to the same period of 2012.
Posted: January 27, 2014
UAE. Active participation of DUBAL and EMAL at key industry symposium in USA provided key opportunity to raise awareness of the Middle East's role in the global aluminium industry.


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.