Manufacturing and Industry
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Samsung to open production facility in Egypt next month
Egyptian trade minister Hatem Saleh has announced South Korean electronics giant Samsung is set... Read full article »
Orpic plans $4bn steam cracker
Oman Oil Refineries and Petroleum Industries Co (Orpic) has said it plans to conduct a study for... Read full article »
Jordan's Al Nabil sells minority stake to Carlyle Group
Jordan-based producer of frozen and chilled foods Al-Nabil Food Industries Co has said it has... Read full article »
Oman Flour Mills posts 107% surge in 9-month profit
Oman Flour Mills Co (OFM) has reported a 107% surge in its net profit in the nine-month period... Read full article »
Sipchem starts up ethyl acetate facility
Saudi International Petrochemical Co (Sipchem) has announced the start-up of ethyl acetate (EA) &... Read full article »
Salalah Mills to build new silos
Oman's Salalah Mills Co has said it plans to spend OR3.5m on the construction of new silos with a... Read full article »
SBG's Construction Products secures $150m loan
Saudi Binladin Group (SBG) has said its industrial arm, Construction Products Holding Co (CPC),... Read full article »
Almarai to issue Islamic bond to finance growth
Saudi Arabian dairy producer Almarai Co has announced plans to raise at least $500m from the sale... Read full article »
Lecico Egypt reports 28% jump in Q1 net profits
Egypt-based sanitary ware producer Lecico has posted a 28% year-on-year increase in first-quarter... Read full article »
Egypt challenges Centamin's right to operate Sukari
Gold miner Centamin has a recommendation by the Egyptian State Commissioner's Office to the... Read full article »
Emal may launch phase III of smelter expansion in 2017
Emirates Aluminium (Emal) has announced plans for a further smelter expansion around 2017,... Read full article »
Oman's Raysut reports 33% jump in quarterly income
Oman's biggest cement producer Raysut Cement has reported a 33% increase in first-quarter profit... Read full article »
Sadafco reopens plant to boost capacity
Saudi Dairy and Foodstuff Co (Sadafco) has announced the completion of the re-opening of its... Read full article »
Oman Chromite says Q1 profit up 214%
Oman Chromite Co (OCC) has posted a 214% surge in its profits for the first quarter to OR218,412,... Read full article »
SABIC to issue Islamic bond to fund projects
Saudi Basic Industries Corp (Sabic) has said it is to issue an Islamic bond late this year or... Read full article »
