Wednesday 26 April 2017

Iran provides $66bn loans to mining, industry sectors

Iran has allocated loans amounting to over $66 billion to the mining, industry and trade sectors in the year to March 20, said a senior ministry official in a report. Some $46 billion in banking facilities were earmarked for mining and industry sectors while over $20 billion were


Doha Metro ‘among fastest driverless trains’

The Doha Metro, with capabilities to reach speeds of 100 km per hour, will be one of the fastest driverless trains in the world and the fastest in the region, a report said. “In total, 75 trains – consisting of three cars, one of which will be for Gold and Family Clas


Airbus delivers first A321neo

Airbus has delivered the first-ever A321neo. The latest generation aircraft powered by CFM International’s LEAP-1A engines was handed over to US airline Virgin America, an all-Airbus operator, at a ceremony in Hamburg, Germany. “After Virgin America having been the fi


Jordan's Siniora Food to distribute cash dividends

Jordan-based Siniora Food Industries Company, a market leader in the manufacture and sale of processed meat, is set to distribute 28.2 per cent of the company's paid-up capital, six per cent as cash dividends amounting to JD1.08 million ($1.51 million) and 22.2 per cent as four million bonu


Hilal Conferences and Exhibitions launches 3G Festival

Bahrain-based Hilal Conferences and Exhibitions is adding a new dimension to its popular “3 Exhibitions under One Roof”, with a festival. The festival takes place at the Bahrain International Exhibition Centre on the sidelines of the Gulf Property Show, Gulf Interiors


Doosan Bobcat names new EMEA president

Doosan Bobcat, one of the world's biggest compact construction equipment companies, has appointed Alvaro Pacini as its new president for the Europe, Middle East and Africa (EMEA) region. In his new role, Pacini will be responsible for Doosan Bobcat’s EMEA business, representi


Global steel demand to hit 1.5bn tonnes in 2017

Global steel demand will grow by 1.3 per cent to more than 1.5 billion tonnes in 2017, and increase by 0.9 per cent to a little over 1.548 billion tonnes in 2018, said a report. China will likely see flat demand this year, followed by a two per cent decline in 2018, stated Platts


Saudi-Korean JV to set up $50m chemical plant

Saudi-based Maydan Industry for Industrial Development & Investments Company will join forces with Ahmad Kassim Al Amoudi Group Company (AKA) and the South Korean technology company SFC to establish a manufacturing plant in PlasChem Park. said a report.   


Genetec announces new unified security platform

Genetec, a provider of open-architecture security and public safety solutions, has announced the general availability of its unified security platform Security Center 5.6. The platform’s key enhancements include additional cybersecurity measures, a new HTML5-based web clien


Dubai RTA signs 960 bus rental contracts

Dubai Road and Transport Authority has made 960 bus rental contracts with interested parties in the Emirate as part of its Tajeer service.  The service offers a variety of buses for rent to lift employees of those entities, which are keen on supporting RTA’s efforts to

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