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  • GE, Al Tamimi in heat exchanger JV

    Sunday, February 7 2010

    Saudi-based Ali Abdullah Al-Tamimi Co has formed a joint venture with GE Oil and Gas to manufacture air-cooled heat exchangers in the kingdom for use in the oil and gas industry, Arab News has...

  • Faqeeh Poultry to invest SR3bn in expansion

    Sunday, February 7 2010

    Saudi Arabia's Faqeeh Poultry Farms, the world's largest individually-owned poultry farm, has announced plans to invest more than SR3bn, as part of a plan to boost production over the...

  • Yanbu to distribute 2009 dividend

    Sunday, February 7 2010

    Saudi Arabia's Yanbu Cement Co has announced that shareholders will receive a SR3 dividend for 2009, Reuters has reported. The total dividend payout, which will be paid after a...

  • Dubal posts aluminium sales up by 8.7% in 2009

    Saturday, February 6 2010

    State-owned Dubai Aluminium Co (Dubal) has reported an 8.7% rise in year-on-year sales for 2009, on higher regional demand, Reuters has reported. Dubal sold 1 million tonnes of aluminium in 2009,...

  • National Marine okays $107m bond offering

    Thursday, February 4 2010

    A plan to offer Dhs391.5m ($107m) in convertible bonds has been approved by the board of the UAE-based National Marine Dredging Co, Bloomberg has reported. The bonds will be converted at Dhs7.83...

  • Egypt predicts $15.5bn investments in industrial zones

    Thursday, February 4 2010

    The Egyptian trade ministry has said that it expects to attract EGP85bn ($15.5bn) of investments in the country's new industrial zones, Reuters has reported. The ministry will tender 42...

  • Saudi Cable wins SR100m contract

    Wednesday, February 3 2010

    Saudi Cable Co has said it has won a SR100m contract to supply and install high voltage cables for a project in North Jeddah, Reuters has reported. The contract, offered by Saudi Electricity Co, is...

  • No ban on dairy exports, says Saudi Arabia

    Wednesday, February 3 2010

    The Saudi government will not implement a recommendation by the kingdom's Shura Council to ban dairy exports, Reuters has reported. The council recommendation was based on the kingdom's efforts to...

  • Daimler inks partnership deal in Iraq

    Wednesday, February 3 2010

    Iraq's State Company for Automotive Industry has signed a partnership agreement with German automaker Daimler for the supply of complete Mercedes-Benz trucks and assembly kits. Under the deal,...

  • Maaden to launch smelter financing deal

    Tuesday, February 2 2010

    Saudi Arabian Mining Company (Maaden) is planning to launch the financing deal for its $7bn aluminium smelter in the second quarter of 2010, according to bankers close to the project, Meed magazine...