Industry News
Siemens, and its Saudi-based partner, E.A. Juffali & Brothers, has broken ground on its gas turbines and compressors manufacturing facility which will be constructed on a 220,000 sq... ... read more
Posted on Thursday, May 10 2012
Egypt-focused gold mining firm, Centamin has posted a 9% rise in quarterly production at its flagship Sukari gold mine, Reuters has reported. Production at Sukari, the first... ... read more
Posted on Thursday, May 10 2012
ABU DHABI: Abu Dhabi National Energy Co (Taqa), a state-owned oil explorer and power supplier, on Thursday said first-quarter net profit more than tripled, helped by a gain on sale of some of... ... read more
Posted on Thursday, May 10 2012
WASHINGTON: The trade deficit widened more than forecast in March as American demand for crude oil, computers, automobiles and televisions propelled imports to a record.
The gap grew... ... read more
Posted on Thursday, May 10 2012
DUBAI: The total value of trade between the UAE and the US grew by around 71 per cent to $5.95 billion (Dhs21.83 billion) in the first quarter this year compared with $3.48 billion (Dhs12.77... ... read more
Posted on Thursday, May 10 2012
SINGAPORE - China Guangdong Nuclear Power held a groundbreaking ceremony in Singapore to establish an integrated biomass-solar power generation plant and its regional headquarters, setting a... ... read more
Posted on Wednesday, May 9 2012
Lenovo launched its first smart TV on Tuesday in Beijing, hoping to take market share away from traditional heavyweights in the sector such as Apple and Samsung.
TV is the last piece... ... read more
Posted on Wednesday, May 9 2012
Jordan's Small- and Medium-sized Enterprises (SMEs) Association has said lenders' overly strict policies and high interest rates have prevented key economic sectors in... ... read more
Posted on Wednesday, May 9 2012
Oman Flour Mills has blamed losses on feed products for the 48% drop in third-quarter profits, Muscat Daily has reported. Profit after tax for the first nine months of the... ... read more
Posted on Wednesday, May 9 2012
Egyptian ceramics maker Lecico has posted a 2% increase in net profit to EGP12.7m ($2.1m) in the first quarter of 2012, over a year earlier, Reuters has reported. Sales jumped 33%... ... read more
Posted on Wednesday, May 9 2012