Sunday 17 February 2019

UAE non-oil output growth hits 5-month high

The start of 2019 saw a sharp and accelerated rise in output in the UAE’s non-oil private sector with activity growing at the strongest pace since August last year, said IHS Markit, a world leader in critical information and analytics. The rate of expansion was also faster


Aramex 2018 net profit surges 13pc

Aramex, a leading global provider of logistics solutions, has posted has posted a net profit of Dh492.6 million ($134 million) for 2018, as compared to Dh435.4 million for the previous year, marking an increase of 13 per cent. Excluding the one-off impairment from the divestment


Etihad Cargo to transport horses for top Hong Kong event

Etihad Cargo, the cargo and logistics arm of Etihad Airways, said it has once again been selected by EEM World, a global leading organiser of equestrian events, to transport a special consignment of show jumping horses from Belgium to Hong Kong. The horses are being transported f


DP World handles 71.4m TEU across global portfolio

Dubai-based global marine terminal operator DP World said it has handled 71.4 million twenty-foot equivalent units (TEU) across its global portfolio of container terminals in the full year of 2018. DP World said gross container volumes grew 1.9 per cent year-on-year on a reported


Philips showcases AI-powered health tech

Royal Philips, a global leader in health technology, showcased its latest innovations including AI-powered connected health technologies at the recently concluded Arab Health medical exhibition and congress in Dubai, UAE. By combining smart, AI-powered connected health technologi


Saudi Almarai acquires 100pc stake in Premier Foods

Saudi Arabia's Almarai, the largest dairy company in the Gulf region, said it has reached an agreement with Alamar Foods, a master franchise operator for fast food outlets in the region, for acquisition of top regional  company Premier Foods. Premier Foods is a leading p


King Abdullah Port supports Breakbulk Middle East

King Abdullah Port, Saudi Arabia's first fully privately owned, developed and operated port, for the second consecutive year will extend its support to Breakbulk Middle East 2019, to be held next week in Dubai, UAE. The port is located in King Abdullah Economic City, near Jed


GWC reports $65m net profit in 2018

Gulf Warehousing Company (GWC), a leading logistics provider, has achieved net profits of QR237.5 million ($65.23 million) in 2018, representing an increase of 10 per cent in comparison with QR215.4 million ($59.16 million) in 2017. The company’s gross revenues, meanwhile,


Emerson acquires GE’s Intelligent Platforms Business

US-based Emerson, a global leader in automation for process and industrial customers, has completed the purchase of Intelligent Platforms from General Electric. The addition of Intelligent Platforms programmable logic controller (PLC) technologies will enable Emerson to expand it


French firm selects GAC Dubai as logistics partner

France-based Lagardère Travel Retail has appointed GAC Dubai’s Contract Logistics team to handle a range of goods sold at Duty Free retail stores at airports in Saudi Arabia and the future Abu Dhabi Midfield Terminal Complex (MTC). Under the multi-year agreement sign

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