Saudi PPPP 2009 gathered over 500 exhibitors and 27,000 visitors
Publish on 12/3/2009 03:12:57 PMSaudi PPPP 2009 concluded a four-day showcase of the latest products, technologies and innovations from more than 500 local and international companies. This important event was attended by over 27,000 visitors who flocked the show's venue at the Riyadh International Exhibition Centre. This reaffirmed the reputation of Saudi PPPP as the premier business-to-business platform for buyers, industry professionals, international distributors and other stakeholders in the region's fast-growing.
SABIC IP's flexible Noryl* resin for LTK's AWM applications
Publish on 12/3/2009 03:12:51 PMSABIC Innovative Plastics has announced that LTK Industries, a leading Hong Kong-based wire and cable OEM and long-term customer, is driving the use of SABIC Innovative Plastics' eco- progressive Flexible Noryl* resin into appliance wiring material (AWM) applications used in consumer electronics. The advanced flame-retardant (FR) resin passes the stringent Underwriters Laboratories (UL) VW-1 flame test, and is helping manufacturers like LTK meet tough global requirements for halogen-free parts.
Masafi introduces Oxo Biodegradable shrink-wraps
Publish on 12/3/2009 03:12:08 PMMasafi, a leading FMCG brands ?introduced Oxo Biodegradable films in its shrink-wrap packaging for water bottles. Masafi is the first company in the food and beverage sector across the Middle East to launch the Oxo Biodegradable packaging. The launch of Oxo Biodegradable films is expected to revolutionise the food packaging in the region and serves as a major step forward for Masafi's Carbon Action Plan - a key initiative aimed at reducing the carbon footprint in the UAE by cutting down on the carbon emissions from its manufacturing unit, product offerings, systems as well as services.
Gulf states to commit to a monetary union
Publish on 12/3/2009 03:12:54 PMGulf finance ministers and central bank governors stated their commitment to a monetary union and a single currency which four states plan to launch next year. Top officials from Bahrain, Kuwait, Qatar and Saudi Arabia during a meeting in Muscat called on the UAE and Oman, which have previously withdrawn from the plan, to rejoin. They also discussed issues related to the finalisation of a trade union and the joint railway project that is due to link the six Arab countries of the Gulf.
DSM finalises sale of DSM Energy to TAQA
Publish on 12/3/2009 03:12:55 PMRoyal DSM N.V. has finalised the sale of DSM Energie Holding B.V. (DSM Energy) to TAQA Abu Dhabi National Energy Company PJSC on 30 September 2009. The disposal consists of the participations which DSM has in oil and gas exploration and pipelines, including the 40% participation in Noordgastransport. DSM will report a book profit of €270-275 million after tax on the sale as an exceptional item in the income statement in the third quarter of 2009. www.dsm.com
Saudi Kingdom Holding, Tata in joint investments
Publish on 12/3/2009 03:12:27 PMHRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), received at his office in Riyadh, Mr. Ratan N. Tata, Chairman of Tata group and an accompanying delegation. The Prince also hosted a dinner in honor of his guest at Kingdom Resort in Riyadh. The occasion was attended by the Prince's spouse HH Princess Ameerah Altaweel. Kingdom Holding, controlled by Prince Alwaleed bin Talal, and Indian conglomerate Tata Group are exploring joint investment opportunities.
Gulf region recovers from global economic crisis
Publish on 12/3/2009 03:12:16 PMThe economic crisis in the Gulf states is over and the region has not experienced any systemic risks, according to Mr Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC) and also Vice chairman of the U.A.E. Central Bank. At a conference in Dubai, Mr. Bin Sulaiman said that the Gulf region has successfully survived the worst of the global economic crisis without experiencing any systemic risks. Mentioning a study done by the DIFC Authority's economic unit, Mr.
Two layer blown film line