GCC to gain extra US$17.7B through diversification

If the GCC countries were to catch up to the average OECD level of diversification, the region could see additional gains of up to US$17.7 billion. This is according to EY's 'Growth Drivers 2 report: Digging beneath the surface - Is it time to rethink diversification in the GCC?' The report, which uses a tracker to look at the levels of diversification across the GCC and how to speed up progress, was launched at the Economist event, 'Future of Work: Middle East'.

SIKORA promotes latest products to ensure quality control at Chinaplas 2015

At Chinaplas SIKORA will present state-of-the-art measuring, control, inspection and sorting technology.

UIS to construct new Abu Dhabi steel plant in April 2016

United Iron & Steel (UIS) announces that construction of its new galvanised steel production plant in Abu Dhabi will commence on 30 April 2016. 

Omani company invests in a second Sidel Matrix

Barzman has tripled capacity while using Sidel’s Matrix 

Nestlé milk factory to achieve ‘zero water’

The company expects to recycle water at its California facilities

Incaberrix Superberry made for beverage market

The water-soluble Incan berry ingredient from Frutarom is rich in phytonutrients and minerals, and has been proven stable in beverage applications

Aluminium products demand growing rapidly in GCC

The Arabian Gulf states are a major market for aluminium products and the demand is growing rapidly, according to an Omani official.

Global steel demand to go up by 0.5% in 2015

worldsteel forecasts that global apparent steel use will increase by 0.5% to 1,544 Mt in 2015 following growth of 0.6% in 2014. 

Technomak to invest US$75M to increase Hamriyah capacity

Hamriyah Free Zone - based Technomak Energy International FZC has added 1.1 million square feet area to its existing facility of 1.3 million square feet to meet the increasing global demand for their products.

SPI restructures marketing and business development group

Brad Williams now in charge of branding and marketing of all SPI properties 

DSM Dyneema acquires Cubic Tech

The acquisition extends Dyneema brand into high-performance fabrics

Expanding potential of fluorosilicone rubber

In collaboration with the automotive industry, Dow Corning has developed an innovative new technology platform for its Silastic FSR line