May 25, 2016


Peugeot Algeria Project: “Bouchouareb slated to decide On Wednesday”

The President and CEO of the Condor Group, Abderrahmane Benhamadi, said in a statement to “Echorouk” that the Peugeot Algeria project file has witnessed some progress.

In this sense, he said that the shareholders will meet on Wednesday at the Ministry of Industry and Mines in Algiers in an attempt to restart the stalled project, stressing however that the government will have a final say on the matter.


Continue Reading >

May 23, 2016


2016 Busan Motor Show Gets 'Tuned' as a National Car Festival

2016 Busan International Motor Show is slated to open on June 2 (Thursday) for press day and runs until June 12 (Sunday) for 11 days at Bexco in Haewundae, Busan with this year’s theme of “Future Wave, Inspiring Technology”.

This year, the show will feature 25 domestic and foreign brands which is an increase of 14% compared to 2014, and the total square"...

Continue Reading >

May 12, 2016


Zeus Industrial Products, Inc. (“Zeus”) Positions Itself for Growth in the Automotive and Aerospace Markets

Zeus Industrial Products (Ireland), Limited, a wholly-owned subsidiary of Zeus, announced today it has been awarded ISO/TS16949 certification as a manufacturer and supplier to the automotive industry. Based on the ISO 9001 standard, the TS16949 is a technical specification that emphasizes a quality management system to provide continuous improvement and safety while focusing on defect prevention. The certification is just one of many steps taken by the polymer extrusion manufacturer to position itself for growth. It also holds"...

Continue Reading >

May 10, 2016


CTS Engines Acquires 12 CF6-80 Engines

CTS Engines, the global leader for mature jet engine maintenance services, announced today that it had completed the acquisition through an affiliate of 12 CF6-80 engines from a major U.S. carrier. The acquired engines include nine CF6-80A and three CF6-80C2A5 models. Additional terms of the transaction were not disclosed.

“The acquisition of these engines, which are"...

Continue Reading >

May 9, 2016


Oshkosh Defense Showcases Highly Transportable JLTV at SOFEX

Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, will feature its Joint Light Tactical Vehicle (JLTV) at the Special Operations Forces Exhibition (SOFEX), taking place May 10-12 in Amman, Jordan. The Oshkosh JLTV is the next-generation light tactical wheeled vehicle with an unprecedented combination of protection, mobility, transportability, and net-ready systems integration that delivers the network capability of a mobile command center.


Continue Reading >

May 8, 2016


KQIC adds KNET payment mode for its personal insurances

KQIC Insured, a premier insurer in Kuwait yesterday announced the launch of a new electronic payment service for purchasing personal insurances online; customers can now log onto, select the insurance cover and pay via KNET

Speaking on the launch of this added service, Mr. Hassan Al-Jaidah, CEO of KQIC stated, “As part of our ongoing improvements and adaptations to our customers’ expectations and market demands, we are pleased to introduce the option of paying for personal insurances online via KNET”


Continue Reading >

May 7, 2016


South Africa faces tough economic environment

South Africa faces a challenging economic environment, with growth in 2016 seen at 0.6 percent, entailing falling per-capita income, the International Monetary Fund said on Friday.

In a statement released after an annual mission, the IMF said it anticipated a muted recovery from 2017. Risks to the outlook were however tilted to the downside, including further shocks from China, a key consumer of South African commodities, and possible credit rating downgrades.


Continue Reading >

April 27, 2016


Maruti Suzuki eyes Africa investment after quarterly profit fall

India's biggest carmaker Maruti Suzuki India is conducting a feasibility study for a new assembly plant in Africa, a top executive said after the company posted its first fall in quarterly net profit in two years.

A push into Africa, where there is high demand for small, inexpensive cars, makes sense for the likes of Maruti Suzuki, analysts have said. Establishment of it own plant in the region could also help it to contend with stricter"......

Continue Reading >

April 23, 2016


NanoSteel Delivers Advanced Automotive Steel to General Motors

Offers step-change improvement in steel lightweighting capability

Produced in collaboration with launch partner AK Steel Corporation

NanoSteel®, a leader in nanostructured steel materials, today announced the delivery of its first advanced high strength steel (AHSS) to General Motors for initial testing. Designed to provide automakers with a new standard in material performance, the sheet steel is poised to accelerate vehicle lightweighting"......

Continue Reading >

Forex Market Video