Oman Chlorine has announced that its joint-venture company Union Chlorine plans to set up a US$70mn chemical plant in Abu Dhabi
Technology
Dubai DED introduces new licensing rule for business owners
The Department of Economic Development (DED) in Dubai has introduced a new rule giving permission to business owners in the emirate to operate across the industrial, commercial and professional services sectors with a single licence
AkzoNobel to buy 50 per cent stake in Sadolin Paints Oman
Netherlands-based paints manufacturer AkzoNobel has signed a joint venture agreement with Oman?s Omar Zawawi Establishment (Omzest) to acquire a 50 per cent stake in its Sadolin Paints business
Dubai?s DAMAC Properties plans IPO
Dubai-based real estate developer DAMAC Properties has planned to raise US$500mn through an initial public offering on the London Stock Exchange before the end of this year
IDB to set up cheese manufacturing facility in Saudi Arabia
The Irish Dairy Board (IDB), a cooperative enterprise of farmers, has announced plans to build a cheese manufacturing facility in Saudi Arabia, which would serve as its hub in the Middle East and North Africa (MENA) region