Monday 22 July 2019

Global oilfield chemical market set to hit $34bn by 2025

The global oilfield chemical market is expected to reach $33.94 billion by 2025, with a steady compound annual growth rate (CAGR) of 5.1 per cent between 2018 and 2025, according to a recent market analysis by Frost & Sullivan, a research and consulting firm. The latest analy


Middle East logistics market set to hit $66.3bn by 2020

The Middle East region has been faring well in terms of transportation and logistical efficiencies and performance on the global scale with its logistics market set to reach $66.3 billion by the end of 2020, according to a new report. The report has been released by Swisslog Midd


Gulf Air picks Emarsys to enhance automated communications

Bahrain national carrier Gulf Air has signed a partnership deal with Emarsys - a leading independent marketing platform company - to enhance its customer automated communication systems. With this deal, Gulf Air will now be able to connect to passengers prior to and post the flig


DP World inks deal on Digital Silk Road initiative

Dubai Chamber of Commerce and Industry has announced that it has signed a memorandum of understanding (MoU) with DP World UAE Region to collaborate on the Digital Silk Road, a Dubai 10X initiative which is expected to be launched by 2020. The Digital Silk Road is a smart digital


Enoc opens new service station in Fujairah

Emirates National Oil Company (Enoc) Group has opened a new service station in Fujairah, UAE, in line with its plans to expand its network to 191 stations in the UAE by the end of 2020. The Al Faseel service station will be Enoc’s ninth station in Fujairah since the first s


Honeywell launches online hub to sell software solutions

Honeywell, a global technology provider, has announced the launch of the Honeywell Marketplace, an online hub for enterprises to find and purchase innovative software solutions, technologies and services to help improve their productivity and increase efficiency.   The Honeyw


National Food Products Co names new group CEO

Dubai-based National Food Products Company (NFPC), one of the leading foods and beverage companies in the Middle East, has announced the appointment of Iqbal Hamzah as its new group chief executive officer. Over the last 28 years, Hamzah has built an impressive track record of st


NGN, Huawei start 5G training programme in Bahrain

NGN Training Centre (NGN), a specialised tech training company in Bahrain, is conducting a special training programme in collaboration with global ICT leader Huawei ahead of the launch of 5G network in the kingdom. The training includes the basic principles of 5G networks, for th


Arabtec names new acting CFO in major reshuffle

Arabtec Holding, a leading contractor for social and economic infrastructure, has appointed Adel Al Wahedi as the new acting Group Chief Financial Officer. He brings a wealth of experience in capital restructuring, corporate finance along with his strong regional knowledge gained


Deutsche Bank unveils massive restructuring; cuts 18,000 jobs

Deutsche Bank has announced an unprecedented restructure that will see the German banking giant close a major part of its trading businesses leading to 20 per cent job cuts globally, said media reports.   Within hours of Deutsche Bank announcing its $8.3 billion

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