Monday 22 July 2019

Gulf Warehousing Company's H1 net profit up 10pc

Gulf Warehousing Company (GWC), a leading logistics provider based in Qatar, has registered a net profit of QR122.2 million ($33.56 million) for the first six months, up 10.35 per cent over the last year's figure of QR110.7 million ($30.41 million). Announcing the results, GW


BMW names Zipse new board chairman

BMW, a world leading premium manufacturer of automobiles and motorcycles, has appointed Oliver Zipse as its new board chairman effective August 16. He will replace Harald Krüger, who leaves the board of management by mutual agreement on August 15, said a statement from the c


Brazil registers 54pc jump in Arab coffee exports

Brazilian authorities said export of coffee products - including the instant, green, roasted and ground coffee varieties - has registered a 54 per cent growth for the first six months when compared to the same period last year. The first half of 2019 saw the export of over 872,62


Zebra launches new lightweight ultra-rugged tablet

US-based Zebra Technologies Corporation said that it has introduced its new high-performance L10 Android ultra-rugged tablet. The introduction of the Android 8.1 (Oreo) operating system (OS) to the L10 family opens an array of possibilities for mobile users who can now seamlessly


Sharjah finance team in Japan to boost ties

A delegation from Sharjah Finance Department (SFD) recently visited Tokyo, Japan, and held meeting with their Japanese counterparts to discuss various possibilities aimed at strengthening relationships between the two countries. The meetings were held at the Japan Bank for Intern


Airbus secures 5-year UK defence ministry contract

Airbus, an international pioneer in the aerospace industry, said that it has agreed a five-year contract, worth £22 million ($27.50 million), with the UK Ministry of Defence (MOD) to manage test and reference services to support the delivery and assured release of Command, Control, Commun


Aspen in deal to acquire Canadian AI group Mnubo

Aspen Technology, a global leader in asset optimisation software, said that it has signed an agreement, worth C$102 million ($78.02 million), to acquire Mnubo, a Canada-based provider of purpose-built artificial intelligence (AI) and analytics infrastructure for the Internet of Things (IoT).


Etihad Engineering welcomes future scientists

Etihad Engineering welcomed a group of 15 students from the UAE’s Future Scientists initiative for a comprehensive tour of its 500,000-sq-m state-of-the-art engineering facilities, located in Abu Dhabi. Etihad Engineering, one of the world’s leading Maintenance, Repai


FedEx picks SAB Express for big Saudi role

FedEx Express, a subsidiary of FedEx Corp and a leading express transportation company, has appointed SAB Express as the service provider for its international services in Saudi Arabia, connecting the kingdom with 220 countries and territories. FedEx Express operates its extensiv


Salalah Free Zone inks deal to build $2.5bn refinery

Oman-based Salalah Free Zone (SFZ) has signed a usufruct agreement for the construction of a refinery project in the sultanate at a total investment of $2.5 billion, said a report. On completion, the refinery will boast a production capacity of 150,000 barrels per day, reported t

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