Reuters Aluminium Bahrain (Alba) said on Sunday it closed a $1.5 billion loan with regional and international banks that will fund its Line 6 expansion project. Alba will become the world’s largest single aluminium smelter complex, boosting its annual output by 540,000 tonnes to 1.5 million tonnes per year by adding a sixth “potline”, used in producing the metal ...

  Kuwait City / Emirates Business GE marked a new milestone in its operational presence in Kuwait with the opening of the GE Kuwait Technology Center (GEKTC), a flagship facility that will foster localized research, provide hands-on training and build an innovation ecosystem specifically for the power sector. Approved by the Kuwait Direct Investment Promotion Authority (KDIPA) for a Foreign ...

  Bloomberg Iran is ramping up efforts to woo foreign investment in an energy industry stunted by years of sanctions, with a request for companies to submit documents to pre-qualify as bidders to develop the country’s oil and natural gas fields. State-run National Iranian Oil Co. will solicit documents from international companies starting from Monday, according to an announcement posted ...