UAE-based private investor Abraaj Group has bought a stake in Moroccan confectionery manufacturer Kool Food for an undisclosed sum. Established in 2010, Kool Food specializes in chocolate confections, powder drinks as well as other ...
Tags: Abraaj Group, Kool Food
According to the short range outlook of the World Steel Association (worldsteel), in the MENA region, steel demand is expected to grow by 6.1 percent to 66.7 million mt in 2014 after a 0.9 percent increase in 2013. Worldsteel pointed out ...
Tags: Steel Demand, Mena Region
Kuwait's al-Kharafi family, the owners of Americana food brand, is reportedly seeking to sell the food unit. Currently, no formal process has commenced for the proposed sale; however, the owners are working with financial advisory firm ...
Tags: Americana food brand, food unit
Speaking at the SteelOrbis 2014 Spring Conference & 70th IREPAS Meeting in Barcelona, Bhaskar Dutta, CEO of the Omani steel and pipe manufacturer Al Jazeera Steel, stated that rebar consumption in the GCC countries is expected to rise to 12 ...
Tags: Metallurgy, Mineral, Steel
UAE-based steel producer Emirates Steel Industries (ESI) has announced its financial results for 2013, stating that its sales revenues amounted to AED 6.5 billion ($ 1.8 billion), almost eight percent higher than 2012, despite sluggish ...
Tags: steel producer, steel
After a sharp downturn following the 2008 financial crisis, growth in coatings demand in the Gulf region of the Middle East is now surging forward again. This recovery was symbolized in late November by the announcement that Dubai, which ...
Tags: Middle East, construction, coatings market
Stork Technical Services ("Stork"), a global provider of knowledge based asset integrity services for the oil & gas, power & chemical utility sectors and Oryx Energy Products & Services LLC ("Oryx"), a service provider for the oil & ...
UAE-based steel producer Conares has announced that it plans to reach full capacity production at its rebar mill in November due to the substantial increase in both domestic and export demand mainly supported by the improving situation in ...
Tags: Rebar Mill, Mineral
Dairy co-operative Irish Dairy Board (IDB) is investing €20m in Saudi Arabia to acquire 75% stake in local firm Al Wazeen Trading and establish a new cheese plant at Al Wazeen facility in Riyadh. The expansion strengthens IDB's ...
Tags: Irish Dairy
Ihab Moawad, Vice President, Trend Micro, Mediterranean, Middle East & Africa Trend Micro will release its finding on the greatest IT security threats to business in the MENA region at GITEX 2013, the company said Sunday. Trend Micro ...
Tags: Computer Products, software
Today, Ericsson released the first edition of its Networked Society MENA City Index at the Networked Society Forum in Dubai, UAE. The report analyzes the levels of ICT-driven benefits created in 11 of the Middle East and North Africa ...
Tags: Ericsson, Consumer Electronics
Samsung today introduced both the GALAXY Note 3, the latest update to the Note product line and the GALAXY Gear for the MENA region. Samsung GALAXY Note 3 delivers a larger screen for the better viewing experience and more powerful ...
Tags: Samsung, Consumer Electronics
ACE has received a license from the Tunisian Ministry of Finance to set up its reinsurance operation in the country, which is part of its continued strategy to boost business across Middle East and North Africa (MENA) region. The global ...
Tags: Insurance License
Dubai Furniture Manufacturing Company LLC (DFMC), a market leader in premium mattress segment in Middle East, has announced its participation in the 15th edition of the Hotel Show, to showcase the latest mattress technology from King Koil ...
Tags: Mattress, Dubai Furniture
The construction boom in the Middle East is fuelling a period of unprecedented growth in the glass industry. A report by the UK's Bowmedia Groups says that the demand for glass will continue to grow as a result of high rise building ...
Tags: Glass, Construction, Decoration