Suhar Industrial City inks investment pacts worth $6.23mSuhar Industrial City, part of Oman’s Public Establishment for Industrial Estates (Madayn), has signed 3 investment deals worth OMR2.4 million ($6.23 million) for projects specialising in plastic products, medical devices and mattresses. Spanning a More… |
Stellantis increases stake in eVTOL firm Archer AviationStellantis NV and Archer Aviation today announced that Stellantis recently completed a series of open market purchases of ~8.3 million shares of Archer’s stock. This signals Stellantis’ continued confidence in Archer’s plans to bring electric More… |
Dubai Chamber issues 5,492 ATA Carnets worth $1.36bn in 2023Dubai Chamber of Commerce issued a total of 5,492 ATA Carnets for goods and commodities worth AED5 billion ($1.36 billion) in 2023, denoting a remarkable year-over-year growth of 47% in value. This record value reflects strong growth within Dubai’s exhib More… |
Pharmatrade launches its Logistics Centre in KezadKhalifa Economic Zones Abu Dhabi – Kezad Group and the UAE-based Pharmatrade have opened Pharmatrade’s Abu Dhabi Logistics Centre, which will ensure uninterrupted medical supplies to Abu Dhabi and Al Ain. The new logistics centre will ramp up the s More… |
Valmet to supply tissue line to Crown Paper Mill plant in Saudi ArabiaCrown Paper Mill has decided to invest in a second Valmet’s Advantage DCT tissue line including an extensive automation package, flow control valves and Industrial Internet solutions for its new mill in Saudi Arabia. The target of the investment is to me More… |
Aramco chief seeks energy transition reset, realistic pathWith the current transition strategy visibly failing on most fronts owing to its collision with five hard realities, the world needs a new, realistic pathway for the energy transition that includes oil and gas, said the top official of Saudi oil giant Aramco. More… |
Almarai launches $4.8bn five-year investment strategyAlmarai, a leading Saudi food company, has announced its investment strategy for the next five years, 2024-2028, to strengthen its leading position as the largest vertically integrated dairy company in the world, and the largest in the production and distribution of food and beverages in the More… |
FedEx’s women powering the logistics sectorFedEx has been working for decades to empower women in what is perceived to be a male-dominated sector, and to advance their careers through training and mentorship. At FedEx, women are making a difference across the organisation and challenging biases. The co More… |
Lootah Biofuels and MoEI sign landmark biofuels MoUUAE's Ministry of Energy and Infrastructure (MoEI) and Lootah Biofuels, a leading circular economy pioneer producing biofuel from cooking oil, have signed an MoU to develop, promote and utilising biofuels as a sustainable energy source. The MoU was s More… |
Swiss group Interlink to set up $200m titanium plant in BahrainSwitzerland-based Interlink Metals & Chemicals has announced that one of its key subsidiaries - Bahrain Titanium - plans to set up a titanium plant at Askar in the southeastern coast of the kingdom at a total investment of $200 million. In this regard, the company has inked a More… |