Monday 27 March 2023

New shipping service to link Saudi to Indian subcontinent

The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port to the IMX service run by a maritime consortium that includes Qatar-based shipping and logistics conglomerate Milaha, vessel operator X-Press Feeders, and short-sea carrier Unifeeder.  


AD Ports Group launches new digital district at Zayed Port

AD Ports Group, a leading facilitator of trade, logistics, and industry in Abu Dhabi, has announced the opening of its digital district – a new commercial hub in Zayed Port dedicated to Abu Dhabi’s digital trade and logistics services.   The Digital


Merex Investment boosts City Walk’s automotive offering

City Walk, the design-inspired destination by Merex Investment, is expanding its automotive collection with five new automotive showrooms of the future.    The Boulevard in City Walk, covering over 330,000 sq ft, will now house leading brands including Al F


Hutchison announces $700m investment in Egyptian ports

Hutchison Ports, the global port operator, has announced a $700 million investment in two major Egyptian port  projects - Ain Sokhna, the country's top port, and B100, a new container terminal in Alexandria - thus bringing its total investment in the Arab nation to over $1.5 billion.


EDGE entity named UAE channel partner for Bharat Dynamics

EDGE Group said it key entity Gradeone has been appointed as an official channel partner of India’s Bharat Dynamics Limited (BDL) in the UAE market.   A defence trading specialist, Gradeone is involved in manufacturing of non-lethal pyrotechnics, ammunitio


Cummins Arabia, OWS collaborate to develop solutions for defence

Cummins Arabia, a global power technology leader, has signed a MoU with OWS Automotive for joint collaboration on defence service applications.    This collaboration follows the participation of both firms at IDEX 2023 in Abu Dhabi and aims to exp


Taqa sets new dividend policy for 2023-2025; special payout

Abu Dhabi National Energy Company’s (Taqa) shareholders have approved a new dividend policy for 2023-25 based on a combination of fixed and variable dividends at the firm’s Annual General Assembly.   Under the new policy, the company expects to pay a


UAE's minerals sector set to hit $10bn by 2025, say experts

In the backdrop of the accelerated energy transition to achieve Net Zero goal by 2050 as well as the exponential growth in infrastructure development and construction activities in UAE, the minerals and metals industry is estimated to grow at a rate of over 3 per cent, hitting $10 billion by


Three Bell 505 helicopters delivered to Bahrain

Bell Textron, a Textron company, announced the delivery of three Bell 505 helicopters to the Royal Bahrain Air Force. Bell delivered the aircraft during an inspection and acceptance event in February 2023 at Bell’s Mirabel facility.   “We are honoure


Mideast's first biocomputing lab to come up at Masdar City

Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has signed a MoU with BioMap to establish a biocomputing innovation research laboratory within its campus at Masdar City.   The laboratory, which is the first of its kind i

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