Thursday 25 February 2021

Hamriyah Free Zone signs deal with Al Aliyo Hydrofarms

The Hamriyah Free Zone Authority has just added another industry leader to its global base of investors after signing an investment agreement with Al Aliyo Hydrofarms, the hydroponic fodder farming industry, at Gulfood 2021.   The company will be based in the Sh


Hempel launches new sustainability framework: Futureproof

Global coatings manufacturer Hempel announces the launch of its new sustainability framework, Futureproof.    The launch of Futureproof follows the recent announcement that Hempel has an ambition to double its revenue by 2025.  


Saudi Cement Company records $120m net profit for 2020

Saudi Cement Company, a major player in the kingdom's industrial sector, has registered a modest growth in its net profit for 2020 which rose from SR451.4 million ($120 million) in 2019 to SR456 million ($121 million).   The company's total revenues witn


Mena imports of French apples increase

French apple exports to the Mena region have increased by 16.43% between August 2019 and July 2020, (compared with 2018-2019), representing approximately 11% of total French apple exports.    In total, 46,386 tonnes of French apples were exported to Mena, u


Eltizam’s acquires Orion Systems to form OrionTEK

Eltizam Asset Management Group, one of the leading physical asset management companies in the UAE, formally announced its acquisition of technology company Orion Systems to form OrionTEK in a move that is expected to add $120 million to the Group’s future revenues.  &n


SCCI keen to boost economic ties between Sharjah, Egypt

The Sharjah Chamber of Commerce & Industry (SCCI) underlined its eagerness to strengthen all forms of economic ties between Sharjah and Egypt.  SCCI seeks to increase the volume of bilateral trade between the two friendly countries, and stimulate economic activities in the emirate to


Abu Dhabi Ports teams up with Saab

Saab has signed a Memorandum of Understanding (MoU) with Abu Dhabi Ports for the development of technologies for port surveillance and vessel traffic management.    The agreement was signed at the international defence exhibition Idex 2021 in Abu Dhabi, a W


Oman SME registrations surge 14.4% in 12 months

The total number of Small and Medium Enterprises (SMEs) registered in Oman’s Authority for Small and Medium Enterprises Development till the end of January 2021 stood at 49,337, compared to 43,134 in January 2020, an increase by 14.4%. Among the governorates, the Governorat


TechnipFMC receives integrated EPCI LOA in Israel

TechnipFMC has received a letter of award (LOA) from Energean Israel Limited for the development of the Karish North field, located offshore Israel.   TechnipFMC will design, manufacture, deliver and install subsea equipment including the subsea production syste


UAE residents plan to cut non-essential spending in 2021

Over half (53%) of UAE residents had to cut their non-essential spending in the past six months in order to cover expenses, and more than three-fourths (77%) are likely to continue doing so in the future.   YouGov’s latest report ‘On the money: Globa

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