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Topic - Middle East
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Jan 21, 2009
South African construction giant Group Five on Wednesday reported that one of its projects in the Middle East worth some R654-million was suspended, and another contract in the Middle East, worth R3,3-billion has been cancelled. The company assured shareholders that...
Jan 21, 2009
Jan 20, 2009
South African construction firm Murray & Roberts (M&R) on Tuesday confirmed that a second contract in the Middle East had been scrapped. The JSE-listed company said Sama Dubai had terminated a resort project in Bahrain, where M&R partnered with Nass Corporation. In...
Jan 19, 2009
International communications provider Tata Communications on Monday lifted its stake in South Africa's second national operator, Neotel, to over 50%, after buying the 30% stake previously owned by the State-owned entities Eskom and Transnet. Tata Africa Holdings,...
Jan 16, 2009
Attached please find a press release on: UPS (NYSE:UPS) today began offering domestic express pickup and delivery services inside South Africa and inside 15 additional countries across Europe, Africa, the Middle East and Latin America.
Dec 12, 2008
What’s On provides you with information about conferences, exhibitions, seminars, training courses and other events pertaining to general industry and the mining sector. To include information about an upcoming event, e-mail whats-on@engineeringnews.co.za with key...
Dec 12, 2008
South African automotive components suppliers can use the current weakness of the rand to grow export volumes, says General Motors South Africa (GMSA) global purchasing and supply chain vice-president Evan Dold.
Dec 12, 2008
Private equity group Actis remained confident of achieving “first close” on what could emerge to become a $1-billion emerging-market infrastructure fund by the end of the first quarter of 2009, the group’s head for Africa Peter Schmid confirmed last week....
Dec 09, 2008
Dec 05, 2008
Dec 01, 2008
Dec 01, 2008
 
 
 
Nov 28, 2008
What’s On provides you with information about conferences, exhibitions, seminars, training courses and other events pertaining to general industry and the mining sector. To include information about an upcoming event, e-mail whats-on@engineeringnews.co.za with key...
Nov 24, 2008
Gold producer dehedging slowed in the third quarter of the year, showing its smallest quarterly cut since the end of 2006, precious metals consultancy GFMS said on Monday. Gold producers cut 2,03-million ounces during the quarter ended September, leaving the global...
Nov 21, 2008
Nov 21, 2008
What’s On provides you with information about conferences, exhibitions, seminars, training courses and other events pertaining to general industry and the mining sector. To include information about an upcoming event, e-mail whats-on@engineeringnews.co.za with key...
Nov 21, 2008
British Telecoms (BT) has signed a 30% broad-based black-economic empowerment shareholding deal worth R27-million with Sekunjalo Investments for its South African business.
Nov 19, 2008
Energy group Sasol believes that it is well positioned to continue to make “wise” investments into future growth projects despite the deepening economic crisis, which has seen oil prices fall sharply over the past few months. However, CEO Pat Davies indicated on...
Nov 14, 2008
What’s On provides you with information about conferences, exhibitions, seminars, training courses and other events pertaining to general industry and the mining sector. To include information about an upcoming event, e-mail whats-on@engineeringnews.co.za with key...
Nov 14, 2008
For years, the shareholders agreement governing South Africa’s largest cellular group, Vodacom, has been a bone of contention. Because of it, the company, which is South Africa’s largest network operator with a 55% market share, had been constrained from pursuing...
Nov 06, 2008
South African telecoms group Vodacom – which is to be listed on the JSE as part of a larger R22,5-billion acquisition and unbundling transaction confirmed by Vodafone and Telkom on Thursday – would become the exclusive vehicle through which the world’s largest...
Nov 04, 2008
The Rio Tinto copper-mining company Palabora Mining would be stepping up the export of its mountain of low-cost magnetite and would also be presenting its final black economic empowerment (BEE) proposal to the board next week, Palabora MD Matt Gili said on Tuesday....
 
 
 
 
Oct 31, 2008
Telecommunications operator MTN has increased its subscriber base by 9% to 80,74-million subscribers in the quarter ended September 30, compared with 74,06-million in the previous quarter. The group said in a statement to shareholders that the proportional...
Oct 31, 2008
Oct 28, 2008
Engineering and construction group Murray & Roberts has grown its order book by 11% to R61-billion during the first quarter of the 2009 financial year, with all the markets in which it operates remaining strong. The group, led by CEO Brian Bruce, on Tuesday reported...
Oct 24, 2008
The contribution from Sasol's chemicals cluster was buoyed in 2008 by strong global demand and healthy margins. Operating profit from the unit, which includes polymers, solvents, olefins and surfactants and a range of other chemicals, rose 54% to R6,6-billion making...
Oct 24, 2008
In a recent interview with Creamer Media Television, Sasol CEO Pat Davies spoke about the group’s upstream gas ambitions. In a discussion with Terence Creamer, Davies said access to additional natural gas would help it more fully exploit its gas-to-liquids (GTL)...
Oct 23, 2008
Despite the financial market turmoil, engineering and construction group Group Five CEO Mike Upton remains "positive about the way forward", noting that Finance Minister Trevor Manuel's announcement that infrastructure spend would continue was "good news". The...
Oct 21, 2008
International ratings agency Fitch Ratings on Tuesday said that the global credit crunch would result in a halving of global real credit growth, as global financial systems continued to deleverage, risk aversions increased, and the global economy slowed. The ratings...
Oct 20, 2008
The International Finance Corporation (IFC) on Monday announced that it would be cosponsoring the first Middle East and North Africa (Mena) mining congress in Dubai, to discuss emerging investment, development, and funding opportunities in these areas. Mena...
Oct 17, 2008
In 1973, a fuel crisis hit the world, and then again in 1979, which led to South Africa, in desperate need of fuel, researching fuel crops in the hope of developing the very first biodiesel-from-sunflower technology. SA Biodiesel director Frans Hugo, the leader of...
Oct 17, 2008
“Biodiesel should be seen as an opportunity and not just a solution towards ending a problem. For Africa, this is most true, as biodiesel can be an opportunity to improve economies in poor countries.
 
 
 
 
Oct 15, 2008
Although JSE- and Aim-listed information and communication technology (ICT) group Datatec reported a "strong performance" for the first half of the 2009 financial year, the firm cautioned shareholders that it expected market conditions to remain challenging going...
Oct 13, 2008
Attached please find a press release on: HP today announced the appointment of Steen Lomholt–Thomsen as vice president and general manager of HP Software’s Europe, Middle East and Africa (EMEA) region, effective immediately.
Oct 10, 2008
South African industry has gained world renown for what the Americans have come to call mine-resistant and ambush- protected (Mrap) vehicles, thousands of which have been produced, and hundreds of which are on order, for a growing number of international customers,...
Oct 10, 2008
South African industry has gained world renown for what the Americans have come to call Mine Resistant and Ambush Protected (Mrap) vehicles, thousands of which have been produced, and hundreds of which are on order, for a growing number of international customers,...
Oct 09, 2008
World Bank member, the International Finance Corporation (IFC) on Thursday made its first equity investment in the onshore drilling sector. The IFC was providing up to $30-million of debt and equity financing to Indian drilling company Punj Lloyd Upstream, which...
Oct 07, 2008
With markets becoming "massively more challenging", technology group Allied Technologies (Altron) will focus on consolidating its newly-acquired businesses and watching costs over the next six months. Altron CEO Robert Venter said in a results presentation on...
Sep 30, 2008
Growth in Africa would, over the next two to three decades, and beyond, be driven by the "big five" economies of Africa, which would comprise South Africa, Nigeria, Kenya, Angola and the Democratic Republic of Congo (DRC), Africa Frontier Advisory senior manager...
Sep 26, 2008
Aluminium Federation of Southern Africa (Afsa) executive director Mark Krieg says the aluminium foundry sector has declined by 40% over the last five years, while the wrought aluminium sector is growing steadily by about 7% a year.
Sep 25, 2008
Attached please find a press release on: Engineering companies doing business in Africa and the Middle East can now effect safer, simpler and less costly financial transactions through Bankserv’s Swift Bureau services available in South Africa, COMESA (Common...
Sep 24, 2008
AIM-listed TanzaniteOne was diversifying into coloured gemstones with plans to develop tsavorite while simultaneously scrutinising a dozen different African project opportunities, the company said on Wednesday. TanzaniteOne company secretary Willi Boehm condemned...
 
 
 
 
Sep 23, 2008
South Africa’s markets suffered a hiccup on Tuesday, when the Presidency announced that fourteen key Cabinet members, including well-regarded Finance Minister Trevor Manuel, would resign. The rand fell to R8,27 to the dollar, however it stabilised following an...
Sep 23, 2008
Sep 19, 2008
Increased business efficiency and clearer lines of communications have provided local engineering company Clifford Welding Systems, a wholly owned subsidiary of German engineering company Ideal Werk, with a springboard for the significant growth that the company is...
Sep 19, 2008
Heating, ventilation and air conditioning company Booyco Engineering MD Jeremy Pougnet says that there is significant growth currently being experienced in the military market, with several South African original equipment manufacturers participating in this strong...
Sep 17, 2008
Mobile asset tracking solution provider Digicore on Wednesday reported a 52,7% increase in full-year net profit to R146,25-million. Headline earnings rose by 51% to R132,27-million, the JSE-listed company said in its results announcement for the year ended June 30,...
 
 
 
 
 
 
 
 
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