Business & Management

Alaa For Industry celebrates 30 years in business

Alaa for Industry AFI headoffice in Damman Saudi - EDITAlaa For Industry (AFI) is celebrating its 30th anniversary since it opened the first showroom and workshop in Damman, Saudi Arabia

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Eaton reveals 20 per cent boost in operating earnings

Honeywell new flowmeter USM GT400 Ultrasonic - EDIT FINALEaton has revealed that it made US$483mn in operating earnings in the first quarter of 2014, excluding pre-tax charges of $66mn to integrate recent acquisitions, which is a 21 per cent growth on the same period last year

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EBRD to provide loan for MSMEs in Tunisia

tunis Tab59 flickrThe European Bank for Reconstruction and Development (EBRD) is providing a US$20mn loan to Compagnie Internationale de Leasing (CIL) lending purposes for local micro, small and medium-sized enterprises (MSMEs) in Tunisia

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Zuari Agro Chemicals to build US$950mn chemical facility in Ras Al Khaimah

chemical LHOON flickrIndian fertiliser company Zuari Agro Chemicals has decided to invest US$950mn into the construction of an integrated diammonium phosphate (DAP) facility in Ras Al Khaimah Maritime City

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Philips buys major stake in Saudi Arabian lighting company

Philips FDV WikimediaPhilips has signed an agreement to acquire 51 per cent of Saudi Arabia's General Lighting Company (GLC) for US$235mn and form a joint venture (JV) under the name Philips Lighting Saudi Arabia

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