Mr Darwish bin Ismaeel al Balushi minister Responsible for Financial Affairs said that Oman's ambitious National Railway System will be implemented with funding support pledged by fellow members of the Gulf Cooperation Council. Mr Al ...
Tags: Oman, National Railway System, GCC, rail project
Reuters reported that a strategic pipeline for the UAE's oil exports to bypass the Strait of Hormuz could face more delay due to differences with the Chinese construction company. The pipeline will have a capacity of around 1.5 million ...
Tags: UAE New Oil Pipeline, Strait of Hormuz, Chinese construction company
The aluminium scrap and recycling market in the GCC was estimated at 292,281 metric tonnes in 2010 and is expected to reach 593,434 metric tonnes in 2017 at a compound annual growth rate of 10.6%. The aluminium recycling market is at a ...
Tags: aluminium scrap, aluminium scrap recycling market, aluminium, metal
The aluminium recycling market is at a nascent stage in the GCC, as it is predominantly an export driven market; but it is growing. According to Frost & Sullivan, the aluminium scrap and recycling market in the GCC was estimated at ...
Tags: Nascent Aluminium Recycling, aluminium recycling market, aluminium
Zawya reported that the United Arab Emirates has announced a 5% import duty on all Turkish reinforcing bar effective from January 5 without exemption, a move that effectively blocks one of Turkey's largest seaborne export markets for the ...
Tags: United Arab Emirates, import duty, t seaborne export markets, Turkey
According to a recent Dubai Chamber of Commerce and Industry study, after going through a slowdown during the global financial crisis in 2008 and with the current recovery in GCC economies, the UAE construction industry is projected to ...
Tags: construction industry, construction, residential property
Gulf News reported that DP World expansion work at the Jebel Ali port is on track, as the Dubai based company looks to ramp up the capacity at its flagship facility to meet growing demand. DP World in an emailed statement said that the ...
Tags: DP World, Jebel Ali port, Dubai, flagship facility
According to an industry expert, the forecast for massive government spending on infrastructure in the Middle East and specially in the UAE this year will help boost businesses of stakeholders and attract foreign partnership. The UAE ...
Tags: Genavco, Chinese Machinery, infrastructure, UAE
According to experts interviewed by Gulf News, the UAE economy is expected to grow at a rate between 3.25% to 5% in 2013 in a world still grappling with economic and financial challenges. And much of that growth is a result of government ...
Tags: UAE economy, inflation, UAE, finance
An unidentified official said that the United Arab Emirates started recovering an Iranian registered cargo ship that sank December 28th in stormy seas carrying a heavy load of fiberglass. The report said that 6 crew members were rescued ...
Tags: UAE, Iranian cargo ship, fiberglass, sunken cargo ship
It is reported that Turkey is set to sign a major coal field and power plant development agreement with Abu Dhabi Energy Company, also known as TAQA. A spokesman for TAQA said that the Afsin-Elbistan field deal is likely to be agreed ...
Tags: Turkey, coal field, Abu Dhabi Energy Company, coal
According to the data provided by the Turkish Statistical Institute (TUIK), in November last year Turkey's rebar (including round bar) exports amounted to 611,817 metric tons, decreasing by 14.3 percent compared to the previous month and up ...
Long products prices started the week with some declines but improved a little,by middle of the week.Average debar price dropped from IRR 17,513,000 per tonne to IRR 17,250,000 per tonne including 5%VAT. I-beam average price decreased ...
Tags: Iran Steel Market Trend, in week 51, Long products prices declines
A study released on Saturday by the Ministry of Foreign Trade has revealed the United Arab Emirates’ total exports of aluminium and its products rose by 102% (USD 1.5 billion) during the first half of 2012 in comparison with the same ...
Tags: United Arab Emirates, exports, aluminium, aluminium products
GCC rail infrastructure consultants said that Gulf Cooperation Council governments are likely to spend around USD 100 billion laying an estimated 6,000 kilometer to 8,000 kilometer of new railway track up to 2020, a move that will require ...