Tuesday 19 March 2024
 
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Zamil, Sami Land break ground on Saudi industrial complex

Zamil Steel Construction Company, a key subsidiary of Saudi-based Zamil Industrial Investment Company, has joined hands with Sami Land Services to break ground on its new industrial complex located at Al Kharj in Saudi Arabia.    The partnership wit

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SPARK Logistics signs 2 MoUs to explore leasing prospects

SPARK Logistics has signed two Memoranda of Understanding (MoUs) with ESAB, a world leader in welding equipment, and Petromasafi, a key supplier of oil and gas chemical products, to explore leasing opportunities.    SPARK Logistics, a joint venture between

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Al Buraimi Industrial City attracts furniture factory worth $18.2m

Oman’s Al Buraimi Industrial City has signed an investment deal with Golden Palaces for Trade and Investment to establish a OMR7 million ($18.2 million) furniture manufacturing factory on a 17,000 sq m area.    The factory will blend traditional featu

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Deloitte, Dynatrace create Centre of Excellence in EMEA

Deloitte has expanded its strategic partnership with Dynatrace, the leader in unified observability and security, to help European enterprises accelerate their digital transformation and cloud migration journeys.    As part of the expansion, Dynatrace and D

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Alcoa to buy Australia’s Alumina for $2.2bn in an all-scrip deal

Alcoa, the world’s 8th largest producer of aluminium, will acquire Alumina Limited in an all-scrip, or all-stock, transaction valued at $2.1 billion.   For this Alcoa has entered into a binding Scheme Implementation Deed with Alumina Limited. The Agreement

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15,481 new Indian firms join Dubai Chamber in 2023

Indian investors topped the list of nationalities of new non-UAE businesses joining the Dubai Chamber of Commerce last year with total of 15,481 Indian-owned firms becoming members in 2023, a year-over-year (YoY) growth of 38%.   According to a recent analysis b

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iyris forges partnership with Magrabi Agriculture

iyris (formerly RedSea), a sustainable AgriClimate Tech business, has signed an MoU with Magrabi Agriculture, a leading Egyptian fresh produce provider, for using iyris' innovative solutions in its farming practices.    The strategic MoU covers sales of

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Madayn launches 'Green Industrial Cities' in Samail

Oman’s Public Establishment for Industrial Estates (Madayn) has launched the ‘Green Industrial Cities’ initiative in alignment with the national initiative to plant 10 million wild trees in the sultanate.    Madayn, in cooperation with the

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EU ETS costs seen tripling due to Red Sea crisis: OceanScore

The Red Sea crisis has led to soaring emissions liabilities for shipping companies under the EU Emissions Trading System (EU ETS) as lengthy voyage diversions for Europe-bound vessels have multiplied fuel consumption, says OceanScore.   An increasing number of c

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Pearl Group doubles production capacity in Saudi Arabia

Pearl Group, a global leader in polyurethane (PU) insulation solutions and other PU-based applications, has significantly enhanced its operational footprint and capabilities in Saudi Arabia, doubling its production capacity in the kingdom.   With this the compan

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