Sabic 2016 profit down 4.58pc to $4.77bn
Q4 GAINS JUMP 47.73pc
Saudi Basic Industries Corp (Sabic), a leading petrochemicals groups, reported a net profit of SR17.91 billion ($4.77 billion) for 2016, compared to SR18.77 billion ($5 billion) for 2015, a decrease of 4.58 percent.
Shurooq, Dubai SME sign deal to develop sector
The Sharjah Investment and Development Authority (Shurooq) has signed a MoU with Dubai SME, the agency of the Department of Economic Development in Dubai mandated to develop the small and medium enterprise (SME) sector.
Iran aims to boost shipbuilding capabilities
Iran plans to further boost its shipbuilding capabilities and compete with leading global firms in the industry, said a senior official from Iran Shipbuilding and Offshore Industries Complex Co (ISOICO).
European firms to implement Iran port project
Nine European companies will implement Iran’s Shahid Rajaei Port development project, said a senior Iranian official.
Iran eyes automotive plant in Duqm
Iran and Oman are continuing their talks to set up an auto manufacturing plant in Oman's Duqm, according to a top official.
Iran-Iraq gas pipeline set to begin operation
Iran will kick off the operation of a pipeline supplying natural gas to Iraq on Tuesday (January 24), said a senior Iranian official.
Panasonic to launch GenNext technology at Intersec
Panasonic, a leading provider of integrated security and video surveillance solutions, is set to showcase its wide range of security products and solutions including its next generation i-Pro Extreme at Intersec 2017 security expo in Dubai, UAE.
Qatar's non-oil economy set for solid growth
Qatar’s efforts to broaden the economic base away from a reliance on hydrocarbons are gaining pace, as indicated by the country’s non-oil growth figures, said a new report.
Saudi retail giant Savola swings to Q4 net loss
RETAIL SEGMENT HIT
Savola Group, one of Saudi Arabia’s leading retail and food holding companies, made a net loss of SR964 million ($257 million) in the fourth quarter compared to a net income of SR515 million ($137 million) for the same period in 2015.
MEA to spearhead $2.2trn packaged food industry growth
UAE, SAUDI TOP MARKETS
The global packaged food market is expected to reach $2.2 trillion by 2020 mainly driven by the demand from the Middle East and Africa (MEA) market and Asia-Pacific region, said a report released ahead of a key industry event in Dubai UAE.
Abu Dhabi Ports offers IALA training courses
Abu Dhabi Ports said it has conducted the International Association of Marine Aids to Navigation & Lighthouse Authorities (IALA) level-2 training course for the first group of external trainees from local maritime entities in the UAE.
Dana unveils big Automechanika Mideast plans
US-based Dana, a global leader in highly-engineered driveline, sealing, and thermal-management technologies, is set to introduce its strong lineup of aftermarket products at 2017 Automechanika editions to be held in the Middle East region.
Lite-Tech Industries, a joint venture between Masharie, a subsidiary of Dubai...
Al Dahra Holding and Abu Dhabi Ports have launched the Gulf region’s largest and...
King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia’s Red...
Wilo Middle East, a leading pump manufacturer based in Germany, showcased its building...
Panasonic has introduced its latest range of tank type vacuum cleaner MC-YL series for...
Germany-based Kärcher, a world leader in innovative cleaning technology solutions,...
List of organisations, councils, chambers of commerce and other construction related bodies from various countries:
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