Dubai-based Future Pipe Industries Group has completed the acquisition of Specialty Plastics Inc., the fiberglass reinforced pipe business of US ITT Exelis. Located in the state of Louisiana, Specialty Plastics specialises in the design, manufacture and installation of highly... read more

ECL France has completed the installation of Emirates Aluminium's (EMAL) first Pot Tending Machine (PTM) for the project's Phase II expansion. The PTM is one of fifteen such machines that will operate on the new potline at EMAL. As part of the Phase II... read more

RAK Ceramics, the world's largest ceramics maker, has reported a 9% rise in net profits for 2012 to Dhs223.1m, compared with Dhs205.2m in the previous year, Gulf Today has reported. The strong performance was attributed to significantly better results in the Core Ceramics... read more

Serbian foreign ministry has said UAE-based Al-Dahra is to spend $400m to buy eight farm companies in Serbia and develop them to grow and process food and fodder for export, Reuters has reported. The agreement between Belgrade and Al-Dahra came a day after the UAE Development... read more

Indias Hinduja Group has commissioned a lubricant manufacturing plant and grease processing unit at the emirate of Ras Al Khaimah, with an aim to gain a regional market share of up to 8% in the next four years, PTI has reported. Located at the Maritime City, Gulf RAK Oil, a... read more

Saudi Arabia�s largest lighting company General Lighting Co, 30%-owned by Carlyle Group, plans to sell its shares on the Saudi stock market, paving the way for the private equity firm to exit its stake, Reuters has reported, citing two sources. US-based Carlyle has hired... read more

Oman Oil Refineries and Petroleum Industries Co (Orpic) has said it plans to conduct a study for a proposed steam cracker plant to produce polypropylene and polyethylene, as part of its business development plans, Times of Oman has reported. The proposed project will cost... read more

Saudi producer of titanium dioxide Cristal Global is to set up the GCC�s first ilmenite processing plant to make high-grade slag used in the production of titanium dioxide, Arab News has reported. The plant is to be set up by at Jazan Economic City (JEC) at a cost of $550m... read more

Egyptian trade minister Hatem Saleh has announced South Korean electronics giant Samsung is set to commence production at its factory in Upper Egypt in June, Ahram has reported. Samsung Electronics plans to produce two million units of TVs and screens in the first phase at the... read more

Saudi Binladin Group (SBG) has said its industrial arm, Construction Products Holding Co (CPC), has secured a $150m Murabaha facility from Standard Chartered, Saudi Gazette has reported. The transaction allows for multiple and flexible use, ensuring permanent... read more

Sat, 2013-03-30 20:40 MONTREAL: Canadian researchers have developed a ground-breaking method which may ultimately enable excess energy created by wind turbines and solar... read more

Sun, 2013-03-31 00:15 Almarai announced the boards of United Farmers Holding Company (UFHC) and Continental Farmers Group plc (CFG) have reached an agreement on the terms... read more

PARIS: Bleak French consumer spending and budget deficit data on Friday highlighted the Sisyphean task facing the government, which insists it can meet its pledges to revive growth and the public finances. President Francois Hollande sought to reassure the public in a TV interview on Thursday... read more

SYDNEY: Two Airbus A380s will fly in formation over Sydney’s world-famous Harbour Bridge on Sunday to celebrate the launch of a tie-up between Emirates and Qantas, the Australian airline said. The super-jumbos — one from each of the carriers — will coast up the harbour, passing the... read more

Thu, 2013-03-28 22:43 TORONTO: Research In Motion Ltd. said it sold about 1 million of its critically important new BlackBerry 10 devices and surprised Wall Street by... read more