Manufacturing

US business spending picking up, but may slow in second quarter

Washington – Arab Today

New orders for US-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. Manufacturing is recovering from a prolonged slump, driven by the energy sector, bucking a slowdown in the broader economy. The Federal Reserve last week described businessRead more

Morocco’s Mining and Electrical Energy Rose in Q4 2016

Casablanca - Arab Today

The industrial manufacturing index (excluding oil refining) rose by 1.8% YoY in Q4-2016. Aggregate data was published for the different industries as follows: The automotive industry manufacturing index rose by 11.4% YoY, and so did the other transport equipments manufacturing index which jumped by 11.9% YoY. These two industries were followed by the wearing apparel and fur manufacturing index whichRead more

Ezz held in remand in iron licenses case

Cairo - Arab Today

The Cairo Criminal Court on Tuesday ordered holding in custody businessman Ahmed Ezz and former head of the Industrial Development Authority Amr Asal over charges of squandering public funds to the value of 600 million pounds. The court ordered postponing the trial of the two defendants to April 4 in the case known in the media as the "Iron Licenses"Read more

Egyptian-Belarus cooperation to manufacture tractors

Cairo - MENA

Minister of State for Military Production Mohamed el Assaar received here Sunday Belarus Ambassador in Cairo Sergei A. Rachkov and Minsk tractor works General Director Fedor Aleksandrovich Domotenko. An agreement on signing a memorandum of understanding between the company, one of the largest manufacturers of agricultural machinery in the world, has been reached. The agreement includes producing farm tractors andRead more

Further boost for UAE manufacturing

Abu dhabi - Arab Today

Tawazun, the strategic investment firm focused on the long-term development of UAE's industrial manufacturing and technology capabilities, today announced a strategic partnership with the upcoming Global Manufacturing and Industrialisation Summit (GMIS), a global gathering for manufacturing minds and a voice and a venue for global manufacturing transformation. The Abu Dhabi organisation has established itself as an active industrial investor bothRead more

Gulf Industry Fair virtual exhibition boon for companies

Manama - Arab Today

Gulf Industry Fair, the dedicated expo promoting the major industrial sectors in the GCC, launched its Virtual Exhibition 2016 edition. The Virtual Exhibition 2016 edition promotes the companies who exhibited during the Gulf Industry Fair exhibition via an online format. The Virtual Exhibition consists of the original exhibition floor plan which is embedded with company video interviews or profiles, theRead more

Growth prospects buoyant for Laos up to 2018

Vientiane - XINHUA

Laos' economic growth is to remain robust through 2016 up to 2018, the World Bank has said. Economic growth in Laos is projected to moderate but still remain robust at around seven percent in 2016, driven by the power sector, some recovery of agriculture and continued dynamism in manufacturing, state-run news agency KPL reported Thursday, citing a World Bank report.Read more

UK jobs market showing ‘cracks in the ice’ after Brexit vote

London - Arab Today

Lower hiring by British companies in financial and business services, construction and utilities could be "cracks in the ice" of the country's labor market, a survey of employers showed on Tuesday, two-and-a-half months after the Brexit vote. Manpower Group's quarterly survey of more than 2,000 employers — its first since voters decided to leave the European Union in June —Read more

Sadara initiates startup of mixed feed cracker

Jeddah - Arab Today

Sadara Chemical Company (Sadara) has embarked on a startup of a mixed feed cracker (MFC) on Sunday. The MFC claims as the only one of its kind in Saudi Arabia and will allow Sadara to produce a diversified range of plastics and chemical products. The MFC is made up of 12 furnaces. Of these, seven will be used to crackRead more

Toshiba JSW Ships Its 1st 'Made in India' Power Plant Kit

New Delhi - QNA

Toshiba JSW Power Systems Pvt Ltd (Toshiba JSW) has shipped its first 'Made-in-India' steam turbine generator of 800 mw (mega watt) for the second unit of state-run generation utility NTPC's Kudgi super-critical thermal power station in Karnataka. This is Toshiba's first large-scale generation system to be manufactured and assembled with locally-procured parts and systems as well as tested inRead more