Metso will rebuild the PM 1 cartonboard machine at the Riyadh mill of Obeikan Paper Industries in Saudi Arabia, a subsidiary of Obeikan Industrial Investment Group, as part of a contract. According to Metso, the new production line will ...
Tags: Cartonboard Machine, Paper Industries, production line
Entrepreneurs and investors from Saudi Arabia have been asked to attend the forthcoming eighth International Uzbek Cotton and Textile Fair scheduled to be held in Tashkent, Uzbekistan on October 17 and 18. The invitation has been ...
Tags: Cotton Fair, Textile Fair, Cotton, Textile
Saudi Aramco is "diligently" exploring shale gas reserves in Saudi Arabia, however uncertainty reigns over whether such reserves could be tapped by petrochemical companies, top officials from the country's petrochemicals industry said ...
Jordan's Taybah Steel Group plans to invest a new rebar mill and DRI plant in Riyadh. The firm expected that the new investment could meet the demands from new construction activity in Saudi Arabia. Meanwhile, the new mill will be ...
Tags: Steel, rebar, New Rebar Mill
Gulf News reported that Arabtec Holding, UAE’s largest contractor has acquired 24% stake or 149.55 million shares in Depa Limited, a Dubai based leading interiors contractor from investment funds. Depa said that Arabtec has paid ...
Tags: investment funds, stake
When Bastian Solutions was incorporated on October 31 1952, the company’s products consisted of conventional casters and shelving. Fast forward 60 years and the global material handling systems integrator is enjoying a record-setting ...
Tags: global material handling systems, software, robotics, automated systems
The newest of Saudi Arabia s Cement Companies to be quoted on Saudi Arabias stock exchange, City Cement, announced a 31% increase in net profits for the nine months to September 30 to $53.2m (SR: 199.45m). The Riyadh-based company floated ...
Tags: market view, cement
Saudi Arabian retail company Savola has increased its stake in food company Almarai to 36.5%by buying shares worth SAR2bn($533m). The company,which is also involved in sugar business,previously held 29.95%stake in Almarai. Savola said ...
Tags: shares, stake, foods sector, revenues
Debenhams continues its international expansion with its first ever store in the small former Soviet republic of Georgia. As the population digests the results of their recent election, which saw both the ruling party and the opposition ...
Tags: Debenhams, international expansion, store
AES Arabia Ltd has secured a US$14 million contract to design, manufacture, construct, commission and start-up a dedicated seawater reverse osmosis plant in Saudi Arabia. The operation will produce up to 2, 752 GPM of fresh water for the ...
Tags: market view, desalination
A landmark mortgage law approved by Saudi Arabia on Monday would tackle soaring property prices, spur lending and give a strong boost to the economy but it will take time before its full results are felt, a local study said on Wednesday. ...
Tags: market view, cement
Saudi Cement Company rose to the highest in more than three years after the producer of the building material said cement companies are in talks to sell as much as 600, 000 tonnes of extra clinker supplies. The shares advanced 1.8 per cent ...
Tags: market view, cement
RIYADH: Saudi Arabia and the UAE have been rated as top investors in the GCC wood products industry, according to latest data. Gulf states' investments in the industry reached $478 million last year, said a report released by the Gulf ...
Tags: market view, wood, investment
Yamamah Saudi Cement Company said nine-month and third-quarter net profits are expected to increase by 10% and 6% respectively, as continued strong demand in its home province spurs further growth. The Riyadh-based manufacturer, one of ...
Tags: cement