Tuesday 19 March 2024
 
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Riyadh Cables' net profit for 2023 soars to $138m

Riyadh Cables Group (RCG), a leading manufacturer of wires and cables in Saudi Arabia, has displayed tremendous profitability growth in FY2023, increasing the bottom-line by 47% to hit SAR518 million ($138 million), according to Al Rajhi Capital Research.   The

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Taha signs technology licensing deal with China’s NFC

Leading aluminum dross processing company Taha International for Industrial Services (TIIS), headquartered in Bahrain, has signed a strategic agreement with China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (NFC).   The purpose

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Saudi non-oil economy hits record $453bn at constant prices

Non-oil activities in Saudi Arabia have achieved a historic milestone, reaching a 50% share of the country's real GDP in 2023, the highest level on record, according to an analysis of the General Authority for Statistics data by the Ministry of Economy and Planning.  

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UAE-US non-oil trade surges to $31.4bn in 2023, says report

The volume of non-oil trade between UAE and the United States hit $31.4 billion in 2023, and is expected to continue growing at the same pace this year, reported Wam citing a top US official.   The exports to the UAE reached $24.8 billion last year, exceeding 20

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Bapco Refining wins GCC economic operator, ISO certificates

Bapco Refining, a wholly-owned subsidiary of Bapco Energies, the integrated energy company leading the energy transition in Bahrain, said it has received the GCC authorised economic operator (AEO) certificate and the ISO 55001 Asset Management certificate.   

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Mitsubishi Power tops ‘global gas turbine market share’ in 2023

Mitsubishi Power has attained the top market share by megawatts in 2023 with a global gas turbine market share of 36% according to McCoy Power Reports data.   The company has also secured a 56% market share in the Advanced Class gas turbine market, led by Mitsub

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Abdul Latif Jameel tops Forbes Arab Family Businesses list

The Saudi Arabia-headquartered Abdul Latif Jameel has come first in the Forbes Middle East the Top 100 Arab Family Businesses 2024 list, while UAE’s Al-Futtaim Group and Egypt’s Mansour Group round up the top three.    Of the top 10, the billion

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ASM Global appointed manager of KAFD conference Centre

ASM Global will lead the operation and management of the prestigious King Abdullah Financial District (KAFD) Conference Centre in Riyadh, Saudi Arabia.    For this, King Abdullah Financial District Development and Management Company (KAFD DMC) and ASM Globa

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Global Rail to bring 15,000 decision-makers to Abu Dhabi

Global Rail will bring to Abu Dhabi more than 15,000 senior decision-makers, thought leaders, 1,000 delegates and over 300 exhibiting companies from more than 40 countries from October 8 to 10.   Under the patronage of Sheikh Mansour bin Zayed Al Nahyan, UAE Vic

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'Industrialists' Career Exhibition' to take place in Abu Dhabi in April

The second edition of the Industrialists' Career Exhibition, hosted by the Ministry of Industry and Advanced Technology (MoIAT) and Adnoc, is set to take place from April 22-23, 2024, at the Abu Dhabi Energy Centre, in Abu Dhabi, a report said. The event, held in cooperation with t

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