Saudi\'s Maaden: JV inks $1.5bn deal
Riyadh - Arabstoday
Saudi Arabian Mining Co, the state-controlled company, said on Sunday its joint venture with Alcoa Inc signed a $1.5bn contract with Hyundai Engineering & Construction Co. The contract is to build an alumina refinery at Ras Al Khair in Saudi Arabia’s Eastern Province, the company, also known as Maaden, said in a statement to the Saudi bourse. The refinery will have an annual production capacity of 1.8 million metric tonnes of smelter-grade alumina and is scheduled for completion in end of 2014. Saudi Arabian Mining Company said last month it was in talks with banks to obtain an Islamic loan of up to SR7bn ($1.9bn). In March, the company said it plans to invest SR26bn in its projects in Ras Al Khair and Waad Al Shamal, according to CEO Khalid Bin Saleh Al Mudaifer. The company plans to invest SR21bn to develop facilities for phosphate and other related products in Waad Al Shamal, and SR5bn in Ras Al Khair. From Arabian Business
GMT 00:37 2018 Wednesday ,24 January
Bitcoin slumps below $10,000GMT 22:49 2018 Tuesday ,23 January
Sharjah apartment rents see steep decline in 2017GMT 19:15 2018 Tuesday ,23 January
Emirati fined Dh2.2m for embezzling public fundsGMT 22:27 2018 Monday ,22 January
Jafza bridge benefits trade, logistics supply chainGMT 22:21 2018 Monday ,22 January
Damac chairman to speak on digital skillsGMT 10:55 2018 Monday ,22 January
Bahrain-Indian economic ties discussedGMT 22:42 2018 Saturday ,20 January
'Massive' infrastructure spending needed in AfricaGMT 12:49 2018 Tuesday ,16 January
Tabarak Buys Majority Stake in a Private Company
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 12:07 2018 Tuesday ,23 January
Syria Kurds urge civilians to take up arms against Turk assault
GMT 05:09 2024 Tuesday ,06 February
The Saudi-led Arab Coalition Forces have targeted a meeting of Houthi commanders in Beit Al Faqih, Hodeidah, killing scores of theGMT 12:50 2012 Monday ,20 February
Unsettled weather to continue in UAE
GMT 14:01 2018 Thursday ,30 August
Expat with rare heart disorder gets life-saving surgery
GMT 00:27 2017 Friday ,19 May
UAE Weather: Hazy day with slight dip in temperature
GMT 09:30 2017 Monday ,15 May
QCC verifies accuracy of medical measuring instruments
GMT 06:51 2017 Sunday ,18 June
Pliskova to miss Birmingham with elbow injury
GMT 18:46 2017 Friday ,17 March
Stresses they seek to qualify for Africa Cup's finals in Congo
GMT 13:16 2016 Saturday ,19 November
Shyamalan: I definitely feel like an outsider
GMT 02:12 2017 Thursday ,27 July
Information Ministry hailed
GMT 15:17 2017 Saturday ,04 March
OIC condemns Israeli court’s decision on Al-Quds
GMT 11:24 2017 Sunday ,26 February
Algerian MP praises the army role to protect bordersGMT 15:07 2012 Saturday ,17 March
Saudi school buildings cost SR6bn in 2011
GMT 16:16 2017 Wednesday ,16 August
Emirates Cricket Board announces teams
GMT 13:32 2017 Thursday ,08 June
Five people killed during heavy storm in South Africa's Cape Town
GMT 10:40 2017 Thursday ,21 September
Secret to UAE’s success lies in its firm belief in its youth
GMT 10:49 2017 Thursday ,07 September
ALECSO thanks Saudi king for hosting conference
GMT 09:26 2017 Sunday ,06 August
Iraqi Shiite cleric demands govt dismantle paramilitary groups
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor