Industry News
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Saudi Fertilizers expects stable prices in 2010
Thursday, February 25 2010
Saudi Fertilizers Co has said it will cut costs and enter new markets to boost profits in 2010, Reuters has reported. 'Safco hopes to improve profitability by increasing productivity, reducing...
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Aramco expects plant expansion in Yanbu to cost $1bn
Wednesday, February 24 2010
Saudi Aramco Lubricating Oil Refining Co (Luberef) expects the cost of expanding its Yanbu refinery to be nearly $1bn, Reuters has reported, citing comments by Salih Thani, the firm's...
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Aabar inks deal on tunnel boring equipment
Wednesday, February 24 2010
Aabar Investments has announced that it has entered into a Dhs25m joint venture with German tunnel boring specialist Herrenknecht. Under the agreement, Aabar will assemble and manufacture...
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Saudi Tabreed inks district cooling deal with Saudi Aramco
Tuesday, February 23 2010
Saudi Tabreed has signed an agreement with Saudi Aramco to develop and operate a district cooling system to cool all the buildings of Saudi Aramco in the Dhahran area. Under the 23-year agreement,...
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Ezz Dekheila Steel profit falls 76 % in 2009
Monday, February 22 2010
Net profit of Egypt's Al Ezz Dekheila Steel, a unit of Ezz Steel, plunged 76% last year, Reuters has reported. The company's unconsolidated net profit was EGP724.4m ($131.9m), compared...
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Kuwaiti firm to spend $5bn on olefins plant
Monday, February 22 2010
Petrochemical Industries Co, a unit of state-owned Kuwait Petroleum Corp, has said it plans to build a third olefins plant that may cost as much as $5bn, Bloomberg has reported. Plans for the plant...
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Oman's Al-Tamman inks JV with Indian firm
Sunday, February 21 2010
India's Indsil Hydro Power and Manganese along with its group company Indsil Energy and Electrochemicals has floated a JV with Oman-based Al-Tamman Trading Establishment to set up a ferro...
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ACWA to localize membrane technology in Saudi
Saturday, February 20 2010
Saudi-based Arabian Company for Water and Power Development (ACWA) has said it has formed a joint venture with ITOCHU Middle East to manufacture reverse osmosis membrane elements for seawater...
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Modon to evaluate industrial cities
Thursday, February 18 2010
Saudi Industrial Property Authority (Modon) has signed a contract with France-based Dalkia Co to identify actions needed to improve its industrial cities. Under the agreement, Dalkia will conduct a...
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Jordan to build JD100m metal plant
Wednesday, February 17 2010
The Jordan Industrial Estates Corp and International Technical Co for Metal Industries have signed a JD100m investment agreement, Jordan Times has reported. Under the agreement, the company will...