Sunday 27 November 2022

Abu Dhabi group signs key MRO agreements at B20 summit

The Advance Military Maintenance, Repair and Overhaul Center (AMMROC), a leading Abu Dhabi-based company engaged in aircraft key maintenance, repair and overhaul (MRO), has signed three key agreements to extend its key MRO capabilities and offerings to cater to different aircraft types, confi


Americana doubles UAE retail offer shares in debut IPO

Americana Restaurants International has announced that it has increased the UAE Retail Offer for its initial public offering (IPO), from 5% to 10% of the total offering so that it becomes equal to the size of the KSA Retail Offer.   The KSA Retail Offer remains


Del Monte Foods completes work on new Doha facility

Del Monte Foods, a unit of world's leading producers of fresh and fresh-cut fruit and vegetables Fresh Del Monte Produce, said it has completed work on its new facility in Doha, Qatar.    Construction of the building, which has a built-up area of 2,200


AD Ports buys top logistics group Noatum for $681m

AD Ports Group has announced that it has acquired Noatum, a global integrated logistics platform with a presence in 26 countries and LTM revenue and ebitda of AED6.91 billion and AED555 million, respectively.   The total purchase consideration (Enterprise Value)


$30bn investment MoUs signed at Saudi-Korea forum

The Saudi Korean Investment Forum hosted in Seoul on Thursday (November 17) witnessed the signing of 26 investment agreements and memoranda of understanding (MoUs)with a combined value of about SR112.7 billion ($30 billion).   The forum was part of the official


EGA, Itochu in deal to explore projects in UAE

Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, and Itochu Corporation of Japan, have signed an agreement to explore joint projects in the UAE which would advance the goals of the nation’s Operation 300bn industrial growth strategy.


Adnoc's logistics unit completes Zakher Marine takeover

Adnoc Logistics & Services (Adnoc L&S), has announced the closing of its acquisition of Zakher Marine International (ZMI), an Abu Dhabi-based owner and operator of offshore support vessels, with the world’s largest fleet of self-propelled jack-up barges.  


Technip Energies, Baker Hughes ink deal on modular LNG solution

Technip Energies and Baker Hughes, two of the leading energy technology companies, have announced a MoU that sets the groundwork for their cooperation on the joint development of a new above 1 and up to 2 million tons per annum (MTPA) range liquefied natural gas (LNG) modularized solution for


Siemens Gamesa names Bruch new chairman

Siemens Gamesa, a leader in renewable energy, has announced the appointment of Christian Bruch as its new chairman replacing Miguel Ángel López, who has chosen to embark on a new chapter in his professional career.   Announcing this today (November


Future Minerals Forum 2023 confirms over 200 speakers

Over 200 leading mining executives, analysts, investment firms, technology companies and international mining industry associations have confirmed their attendance at the second edition of the Future Minerals Forum (FMF).   Scheduled to take place at the King Ab

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