The diamond market is slowly becoming more disciplined. It needs to. With high rough prices, declining polished, less available credit and lower retail inventory levels, it has become increasingly difficult for diamantaires to turn a ...
Tags: diamond market, diamond industry
Nearly 3 million barrels of Abu Dhabi's Murban crude is expected to move into the Mediterranean in June, according to traders, as weaker demand in Asia and expectations of a bullish summer in the Mediterranean Urals market have attracted ...
Tags: Asian Demand, Murban crude
Chemical tanker Bochem Oslo is preparing to load a substantial volume of ethanol from Rotterdam before heading to Fujairah, in the United Arab Emirates, as multi-year low European prices beat competition from the US and Brazil, market ...
Tags: Vessel, Rotterdam Ethanol
A GCC-wide telecoms consortium has been formed to build a high-bandwidth regional transmission cable system for the region, it was announced on Monday. The new system, which promises to provide broadband to new areas and customers, will ...
Tags: Middle East Telecoms, Cable System
Xylem has won a contract to provide a Dissolved Air Flotation (DAF) pretreatment system to help ensure an uninterrupted potable water supply to Abu Dhabi Emirate and the east coast of the United Arab Emirates (UAE). The source water in ...
Austria-based plantmaker Siemens Metals Technologies has announced that it has received an order from Saudi Arabia-based United Steel Industries LLC to construct a long product rolling mill in the United Arab Emirates. The plant will be ...
Tags: Siemens, Rolling Mill
Fujairah Cement Industries declared a net loss for the first six months of 2013 as a result of a drop in sales. The company declared a loss of $968,000 (AED: 3.6m) for the period as its sales slipped by over 6% to $78.2m (AED: 287.2m), ...
Tags: Cement, Construction
A Xylem dissolved air flotation (DAF) pretreatment system will help to increase potable water supply to Abu Dhabi and the east coast of the United Arab Emirates (UAE). Xylem will develop the new Leopold Clari-DAF pre-treatment system for ...
Tags: Processing Machinery, DAF
The UK's Petrofac has agreed to increase its stake in the Abu Dhabi-based Petrofac Emirates joint venture to 75% from 50% as the remaining state-owned holding is privatized, Petrofac said Thursday. Following both transactions, the ...
Tags: Petrofac Emirates, Chemicals
The Asian naphtha industry gathered Thursday for the start of the 22nd CFR Far East Open Specification Naphtha Meeting to debate among other things a recommendation that seeks to widen the scope of naphtha cargo origins for inclusion in an ...
Tags: Chemicals, Metallurgy, Mineral, Energy
China has taken delivery of around 88,000 mt of Iranian LPG in June after a break of four months, as the Islamic republic extends exports to North Asia in its attempts to circumvent sanctions aimed at preventing it from exporting oil ...
Tags: Metallurgy, Mineral, Energy
China has taken delivery of around 88,000 mt of Iranian LPG in June after a break of four months, as the Islamic republic extends exports to North Asia in its attempts to circumvent sanctions aimed at preventing it from exporting oil ...
Tags: Iranian LPG, Chemicals
Fujairah Cement Industries (FCI) has recorded a drop in revenue for the first three months of 2013. Figures released to the Abu Dhabi Securities Exchange show the total revenue up to March 31 was AED130,192,431 as compared to ...
Tags: Fujairah Cement, Cement Industries
The US Navy and 40 allies gathered in Bahrain Monday to begin two weeks of naval anti-mine exercises designed to keep the Persian Gulf open to oil shipping. Although the exercises, billed as the largest ever in the region, have been ...
Tags: US Navy, Allies, Persian Gulf
Tight margins are forcing quarry operators to work smarter, and that includes getting the most out of their machines. PMV visits Industrial Quarry and Cement (IQC), along with Caterpillar quarry product specialist Peter Sauter Based in a ...
Tags: Industrial Quarry, Cement