Sunday 26 March 2017
 
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KHCB signs up as Gulf Property Show sponsor

Khaleeji Commercial Bank (KHCB), a leading Islamic bank in Bahrain, has signed-up as Silver Sponsor for the  Gulf Property Show which opens in Bahrain next month. A boutique showcase for the real estate and property development sectors, Gulf Property Show, will be held under

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Alba AGM approves $80m dividend for 2016

The annual general meeting (AGM) of Aluminium Bahrain (Alba), the Bahrain-based international aluminium smelter, today approved the distribution of cash dividends amounting to BD29.6 million ($80 million) for the fiscal year 2016. The AGM was held at the Al Dana Hall, Alba.

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Siemens launches new gas turbine

Siemens, a global technology leader, has added a new gas turbine to its portfolio, SGT-A45 TR mobile unit, which addresses the growing market for fast power. The aero derivative gas turbine possesses an electrical generating capacity of up to 44 megawatts, and is packaged for rap

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Brazil’s agribusiness exports to Mideast up 22pc

The value of Brazil’s agribusiness exports to the Middle East region reached $1.336 billion during the first two months of 2017, up 22.8 per cent over the same period last year, according to data released by the South American nation’s Ministry of Agriculture, Livestock and Supply (

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Dubai ruler opens key phase of $408m solar park

Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, on Monday inaugurated the second phase of the Mohammed bin Rashid Al Maktoum Solar Park at Seih Al Dahal in Dubai, UAE. The solar park is being developed by Dubai Electricity and Water A

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Agility opens new warehouse in Singapore

Agility, a leading global logistics provider, has acquired a two-storey warehouse close to Changi International Airport, giving it more than 600,000 sq ft of warehouse space in total in Singapore. The newly acquired 177,000-sq-ft warehouse is located in an area with access to an

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Mena eyes $1 trillion energy investments in 5 years

Total energy investments in the Middle East and North Africa (Mena) region are likely to hit the $1-trillion mark over the five years with the GCC countries spearheading the growth, according to a report. While global investments in the industry continued their decline in 2016, d

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UAE is new hub for entrepreneurs says report

The United Arab Emirates (UAE) is emerging as a new hub for entrepreneurs and startups, according to a report. The report, released by US-UAE Business Council and the Trade and Commercial Office of the UAE Embassy in Washington, DC, details how the UAE has long served as a magnet for r

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Dubai Economy and agencies unveil new identity

Department of Economic Development in Dubai, and its three agencies Dubai SME, Dubai Trade and Exports, and Dubai Investment Development Agency (Dubai FDI), have adopted a new corporate identity, said a report. This latest development is in line with the mandate given to them to

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Oman Oil unit to build major propanol plant in US

Oman Oil Company (OOC) owned Oxea, a global manufacturer of oxo intermediates and oxo derivatives, will build a major propanol unit adjoining its existing complex in Texas, US, said a report. The world-scale plant, dubbed ‘Propanol-2’, will boost Oxea’s propanol

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