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 ...
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GE opens Kuwait Technology Center to boost innovation in power sector
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 ...
Read More »Iran kicks off oil-development tender to woo foreign investors
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 ...
Read More »South Sudan starves as aid blocked, money spent on fighting
AWEIL / AP The mother faced an anguished decision: choosing which of her children to save. With hunger gripping this remote region of South Sudan, Elizabeth Athiel could either get urgent medical attention for her 8-month-old daughter, Anger, or make sure her other five children could eat. The little girl was shockingly thin, but the medical clinic was a ...
Read More »New messaging apps gain traction in workplace
Washington / AP Looking to break out of a “messy†email situation, the nonprofit group dosomething.org recently switched over to a new way of communicating among its far-flung teams. Moving most internal communications to the messaging application Slack with its “channels†for various teams made it easier to coordinate the group’s social change projects across 131 countries, said software ...
Read More »FilmStruck aims to bring art house into living room
NEW YORK / AP Does this sound familiar? You want to stream a movie and end up spending most of your time clicking through a disorganized sea of options, most of which aren’t especially good, anyhow. FilmStruck, a new subscription streaming service to launch on Wednesday by Turner Classic Movies and the Criterion Collection hopes to fill what’s been ...
Read More »HP’s new computers raise the spectre of competition
Relaxnews Putting a premium on premium, HP has overhauled its flagship Envy and Spectre devices just in time for the US holiday season. The HP Spectre x360 was already an aesthetically pleasing convertible PC — i.e., it can be used as a tablet or a notebook — but now it’s even thinner and lighter for stylish on-the-go productivity. ...
Read More »Abu Dhabi’s NPCC awarded Aramco offshore development agreement
DHAHRAN / WAM Saudi Aramco’s offshore projects department recently awarded a long-term agreement (LTA) to National Petroleum Construction Company (NPCC) of Abu Dhabi for the execution of its offshore development programme. It is the fifth LTA awarded by Saudi Aramco, with four earlier LTAs awarded in June 2015 to various engineering, procurement, fabrication and offshore installation (EPIC) contractors. The ...
Read More »TCA chief urges India to tap Abu Dhabi’s tourism potential
Abu Dhabi / Emirates Business India’s leading travel agents have been urged to seize the potential of Abu Dhabi’s diverse tourism offering to further boost their already growing business relations with the Emirate. The call came at a welcome gala reception for up to 600 agents, all members of The Travel Agents Association of India (TAAI) — the ‘voice’ ...
Read More »UAE-Greece biz forum opens
ATHENS / WAM The UAE-Greece Business Forum opened in Athens on Saturday, in a bid to expand opportunities, trade and investments for businesses in both countries. The Forum was co-chaired by Sultan bin Saeed Al Mansouri, UAE Minister of Economy, and Giorgos Stathakis, Greek Minister of Economy. The Forum was attended by representatives from UAE and Greek government organisations, ...
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