A typical apartment building in Dubai. Boosted by heavy public and private spending in various infrastructure projects, the glass industry in GCC is enjoying a period of tremendous growth. Boosted by heavy public and private spending in ...
Tags: GCC Glass Industry
In July this year, Turkey's total steel product exports amounted to 1.4 million metric tons, falling 5.2 percent month on month and down by 9.8 percent compared to the same month of the previous year, with a total revenue of $1.1 billion, ...
Tags: Steel Exports, Mineral
BASF increased sales by 3% in the second quarter of 2013 to just under €18.4 billion thanks to higher sales volumes in all segments. Income from operations (EBIT) before special items decreased by 5% to around €1.8 billion. In the ...
Tags: Construction, Decoration
Samsung is positioning itself to be one of the first handset vendors to tap into China's upcoming market for 4G services by introducing new Galaxy S4 phones capable of operating on both FDD and TDD LTE networks. The South Korean company ...
Tags: Samsung, 4G LTE Phones
Ferrari could be considering a return to Le Mans in 2015, an event it last won in 1965. Speculation is rife that Ferrari is contemplating a comeback to the French endurance event following a report from German publication Auto Motor und ...
Tags: Ferrari
Jazeera Steel, one of the leading steel tube & structural products manufacturers in the Middle East based on Oman will build up its production capacity of steel rebar to 70,000 tons by middle of 2014 at his Sohar plant in Oman. The ...
Tags: Jazeera Steel, Mineral
It’s reported that Korean steelmaker Hyundai Steel announced to hike its export prices for H beams and other sections by US$20~US$30/ton for August orders. After the adjustment, the export prices for H beams are at US$700~US$720/ton ...
Earnings trend underscores significant progress in corporate reorganization Revenue share of semiconductor-based products above 30 percent for the first time Osram raises earnings outlook slightly for current fiscal year Osram showed ...
Global pipe and tube producer Tenaris S.A. announced that sales for the second quarter ended June 30, 2013 increased 6 percent sequentially. For Q2, Tenaris reported a profit of $429.6 million, down 5.6 percent from $455.3 million a year ...
Tags: Premium OCTG, Tenaris
German automobile manufacturer MAN Truck & Bus has secured an order to deliver 440 trucks to multiple customers in Saudi Arabia. The company will deliver 240 MAN TGS type trucks to the food producer Almarai in the region that will be used ...
Tags: Vehicle Supply, automobile
Danish food ingredients firm Chr. Hansen has completed the acquisition of remaining 50% stake in its Turkish subsidiary, Peyma Chr-Hansen, for an undisclosed amount. According to Chr. Hansen, Turkey is strategically an important market ...
Tags: Chr.Hansen, Turkish Subsidiary
US-based life insurer MetLife has reported operating earnings of $1.6bn, or $1.44 per share, for the second quarter of 2013, with an increase of 11% and 7%, compared to $1.43bn, or $1.34 per share, respectively during the same period last ...
Tags: Metlife, life insurer
British drugmaker AstraZeneca and US biotechnology company FibroGen have formed a strategic partnership to develop and commercialize FG-4592 to treat anemia in patients with chronic kidney disease (CKD) and end-stage renal disease (ESRD). ...
Tags: Anemia Drug, Astrazeneca
HSBC and Zurich Insurance have launched a new wealth product named SavingsPlus in the Middle East, as part of their 10-year partnership agreement to distribute life and general insurance products. The new product is expected to address ...
Tags: Zurich Insurance, HSBC
The global market for solar photovoltaic (PV) inverters is forecast to decrease by 5% to US$6.7 billion in 2013, according to research firm IMS Research. Despite PV inverter shipments rising to 34.2 gigawatts in 2013, average global ...
Tags: solar photovoltaic, Solar Power