Sunday 27 November 2022

Adipec makes $8.2bn in business for global energy supply chain

The recent Adipec 2022 has generated an estimated $8.2 billion in business for exhibiting companies, a survey conducted across the 2,200 exhibitors has revealed.   Among the significant deals at Adipec 2022 was the signing of the historic agreement between the U


CEO named for new Saudi vehicle manufacturer Ceer

Ceer, a company that aims to manufacture vehicles in Saudi Arabia, has appointed James DeLuca as the company’s CEO. Ceer is a joint venture between the Public Investment Fund (PIF) and Foxconn. Each vehicle designed and manufactured by Ceer in Saudi Arabia will be tested to the


Food Tech Valley and Tradeling to bolster UAE’s food ecosystem

Food Tech Valley, which is being developed by wasl Asset Management Group, has partnered with Tradeling to bolster UAE’s food ecosystem.   This is at a time the UAE food trade exceeds AED100 billion ($27.23 billion) every year, and the AgriTech market is e


Nasser bin Hamad commends ASRY’s role in maritime industry

Representative of His Majesty the King for Humanitarian Works and Youth Affairs, Chairman of the Oil and Gas Holding Company (nogaholding), His Highness Shaikh Nasser bin Hamad Al Khalifa commended the Arab Shipbuilding and Repair Yard Company's (ASRY's) role in bringing about a compr


Mubadala acquires strategic stake in AirCarbon Exchange

Abu Dhabi-based sovereign investment company Mubadala said it has reached an agreement with AirCarbon Exchange, the global exchange revolutionising the voluntary carbon market, to acquire a strategic stake in the Exchange, thus supporting ACX’s establishment of the first fully regulated


Mowasalat ready to welcome Qatar2022 fans

With Qatar2022 just a few days away, Mowasalat (Karwa), the national public transport service provider of Qatar, feels confident about the readiness of the nation’s road transport network for the people of Qatar and the visiting fans.    Over the last


Aramco to invest in Korea's $7bn petchem cracker plant

Aramco is making its biggest ever investment in South Korea to develop one of the world’s largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate, in line with the company’s strategy to maximise the crude to chemicals value chain.  


Sabic unveils new copolymer resin for PV connectors

Sabic, a global leader in the chemical industry, has launched a breakthrough polycarbonate (PC)-based copolymer resin, well-suited for photovoltaic (PV) connector bodies, that meets stricter performance and regulatory requirements for emerging 1.5Kv solar systems. The new LNP EXL


Bahrain-origin exports surge 9% in October to top $1bn

The value of Bahrain’s exports of national origin increased by 9% to BD400 million ($1.05 billion) during October 2022, compared to BD366 million for the same month of the previous year, said the Information &eGovernment Authority (iGA) in a new report. The top 10 count


EGA signs deal with Inalum for use of its UAE-developed technology

Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has signed an agreement with PT Indonesia Asahan Aluminium (Inalum) to licence its UAE-developed technology to Inalum for its brownfield aluminium smelter expansion.  

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