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Alba inks strategic partnership deal with Indian group ComvisionAluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has announced a strategic partnership with Comvision (India) Private Limited, a leading provider of e-governance and intelligent transportation solutions. Headquartered in More… |
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Nissan, Honda and Mitsubishi Motors sign MoUNissan Motor Co, Honda Motor Co, and Mitsubishi Motors Corporation have signed an MoU to explore the possibility of Mitsubishi’s participation, involvement and synergy sharing in the proposed business integration between Nissan and Honda. Nissan, Honda a More… |
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Nissan, Honda sign MoU to consider business integrationNissan Motor Co and Honda Motor Co have signed an MoU to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company. To further accelerate their efforts toward achievi More… |
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Sanad launches 5th production line for LEAP-1A enginesSanad, a Mubadala company and a global aerospace engineering and leasing solutions leader, has announced the expansion of its maintenance, repair and overhaul (MRO) capabilities with a fifth production line in Abu Dhabi to include the CFM LEAP-1A engine. More… |
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Khimji Ramdas Engineering opens motor rewinding workshop in MuscatIn a move set to establish a new benchmark in comprehensive repair and maintenance services in the region, Khimji Ramdas Engineering Products & Services (KR EPS) recently inaugurated its state-of-the-art motor rewinding workshop in Ghala area of capital Muscat. More… |
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Asry holds annual ISPS combined exerciseThe Arab Shipbuilding and Repair Yard Company (Asry), in coordination with the Ministry of Interior, carried out its yearly International Ship and Port Facility Security (ISPS) exercise to sharpen its emergency response. The drill brought together The Ci More… |
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UAE growth to hit 4.5% next year: Central BankThe Central Bank of the United Arab Emirates (CBUAE) has maintained its real GDP growth projections for 2024 at 4.0 percent. The growth is expected to accelerate to 4.5 and 5.5 percent in 2025 and 2026, respectively. According to the Quarterly Economic Review More… |
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Edge wins prestigious Great Place to Work certificationEdge Group’s Corporate division has been certified as a Great Place to Work, marking a significant achievement in the company’s journey as it celebrates its fifth anniversary. This prestigious recognition reflects Edge’s unwavering comm More… |
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DP World to launch six freight forwarding offices in BrazilDP World, a global leader in logistics and supply chain solutions, is set to significantly expand its freight forwarding footprint in Brazil over the next two years. The company plans to open six new offices by 2026, underscoring its commitment to enhanc More… |
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Sumitomo Chemical exits aluminium smelting, resale businessesJapanese industry giant Sumitomo Chemical has announced its decision to sell its 2.97% stake in Nippon Amazon Aluminium Comopany (NAAC) to YKK AP. The sale amount remains undisclosed. This move, coupled with the previously announced sale of shares in two overs More… |
