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  <description>2006 news and features</description>
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    <title>DOZ to start operations</title>
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    <pubDate>Sun, 31 Dec 2006 12:56:35 +0400</pubDate>
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        The Dubai Outsource Zone has so far registered about 72 companies and is likely to be operational next month, reported the Khaleej Times. DOZ expects up to 400 companies to commence operations at the zone within the next five years. Over 85% of land and office space has now been sold in phase one, while phases two should be up and running at some point in Q1.
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    <title>CargoGulf, Singapore HQ</title>
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    <pubDate>Sun, 31 Dec 2006 10:15:32 +0400</pubDate>
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        CargoGulf, a global neutral non-vessel operating common carrier operator, is to establish its headquarters in Singapore. CargoGulf will utilise its base in Singapore as a transhipment hub. With a strong presence in the Middle East, CargoGulf also intends to set up operational offices in the UK, US and Hong Kong.
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    <title>Prometal, Jebel Ali plant</title>
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    <pubDate>Sun, 31 Dec 2006 10:08:11 +0400</pubDate>
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        Prometal Metal Industries Factory, a Dubai based architectural metal products provider, is setting up a new factory in Jebel Ali with an investment of $4.1m. The plant will be fully operational by next March and will produce metal security products. Prometal's main products include fire doors, insulated doors, security doors, industrial and garage doors.
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    <title>Sabic seals Huntsman deal</title>
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    <pubDate>Sun, 31 Dec 2006 07:55:14 +0400</pubDate>
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        Saudi Basic Industries Corporation has completed the purchase of Huntsman's UK Base Chemicals and Polymers business, which was first reported at the end of September. Sabic has acquired 100% of the shares of Huntsman Petrochemicals UK for a purchase price of $700m in cash. The new entity has been renamed Sabic UK Petrochemicals and all 850 Huntsman Petrochemicals UK employees will transfer to Sabic. 
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    <title>Alexandria's port to re-open</title>
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    <pubDate>Sat, 30 Dec 2006 14:08:46 +0400</pubDate>
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        The $132.2m renovation of Alexandria's port is to be unveiled after Eid, reported the Daily Star Egypt. The port was originally meant to be re-opened last month but the project has faced several delays; no specific date has been given for the ceremony. The Ministry of Transportation is now negotiating with several Gulf based firms over the development of a marina, retail district and five star hotel.
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