Thursday 25 February 2021

DAE signs lease deal with India's IndiGo for 7 planes

Dubai Aerospace Enterprise (DAE) today announced that it had signed long-term lease agreements for 7 Airbus A321neo aircraft with IndiGo, India’s largest passenger airline.    All 7 aircraft will be powered by CFM International’s Leading Edge Av


IBX Logistics records 68% year-on-year growth

IBX Logistics, a leading global provider of transportation services with key operations in Dubai, has announced that it has recorded a 68% year-on-year rise in revenue in 2020.    The strong growth has been attributed to expansion in global markets such as


Fleet expansion for Mammoet in the Middle East and Africa region

Mammoet, the world’s largest engineered heavy lifting and transport service provider, has expanded its fleet with the addition of eight cranes in the Middle East, Africa and Caspian (MEA) region.   Established in the region for over 40 years, Mammoet MEA p


IHC opens new facility to process seafood

International Holding Company has officially opened a new AED200+ million ($54.45 million) facility to process, store and distribute a quarter of the seafood consumed in the UAE.   Operated by IHC’s subsidiary ASMAK, the new seafood facility is the largest


60,600 businesses operating in UAE free zones

The total number companies operating in the UAE free-trade zones grew by 4.4% to around 60,600 by end of mid-February 2021, compared to end of the same month last year, according to the UAE's National Economic Register (NER).   The growth is reflective of th


Defence shows 'success of UAE vision'

The International Defence Exhibition and Conference (IDEX) and the Naval Defence & Maritime Security Exhibition (Navdex), currently underway in Abu Dhabi, are a model for the success of the UAE leadership's far-sighted vision, said Dr Sultan bin Ahmad Al Jaber, Minister of Industry an


Saudi Arabia signs military industries MoU with Belarus

Saudi General Authority for Military Industries (GAMI) has signed an agreement in the field of military industries with the State Authority for Military Industry of the Republic of Belarus, a media report said. The memorandum of understanding (MoU) was co-signed by Governor of GA


Al Masaood, Nidec Leroy-Somer partner for workshop

Al Masaood Power, an expert in marine propulsion and power generation systems, and Nidec Leroy-Somer, a global leader in alternators, electric motors and drives, have joined forces to establish a one-stop service workshop in the Gulf region.  The workshop will provide afters


Bahri showcases maritime capabilities, innovative solutions

Bahri, a global leader in logistics and transportation, is showcasing its maritime capabilities and innovative solutions at the fourth edition of the Naval Defense and Maritime Security Exhibition (Navdex 2021), which is being held in Abu Dhabi alongside the International Defence Exhibition a


GAL, Adveti to train UAE students for Abu Dhabi MRO workforce

GAL, a leading regional provider of integrated aircraft sustainment solutions for military and civilian customers, is partnering with the Abu Dhabi Vocational Education and Training Institute (ADVETI) to train and encourage talented and interested UAE national students to join the company&rsq

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