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Saudi Nadec H1 net profit up 8.9pc; revenue hits $437mSaudi Arabia's National Agricultural Development Company (Nadec) has announced solid results for the first half of 2024 with a 8.9% jump in its net profit for the period and posting a revenue of SAR1.64 billion ($437 million), up 7.3% over last year. More… |
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UAE signs strategic mining exploration deals with Congo, KenyaThe UAE has recently signed several economic and investment agreements and partnerships, of which mineral industries represent an important aspect, as they cater immensely to the country's industrial needs. Lithium, nickel, cobalt, copper, graphite, mangan More… |
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Gulf Air to build major MRO facility in BahrainGulf Air, the national carrier of Bahrain, has announced plans to build a state-of-the-art maintenance, repair, and overhaul (MRO) facility at Bahrain International Airport (BIA). The project will be a significant and qualitative addition to Bahrain' More… |
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DP World, Evyap in deal to set up major Turkish logistics hubDP World, a key provider of end-to-end supply chain solutions, said it has completed a strategic merger with Turkey's Evyap Group, thus bringing together the strengths of two major ports on the Marmara Sea to create a new international logistics hub that will elevate Türkiye's pi More… |
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RTX's Pratt & Whitney, SR Technics induct first GTF enginePratt & Whitney, an RTX business, and SR Technics have inducted the first Pratt & Whitney GTF engine at the MRO service provider's Zurich-based facility. SR Technics will provide full disassembly, assembly and test capability for the PW1100G- More… |
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Air cargo rates ease as demand fallsWorldwide air cargo rates and demand softened slightly from most regions in the second week of July, although tonnages and average global prices remain significantly higher than this time last year, thanks to continuing elevated demand and high rates from Asia and the Middle East, new data said More… |
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Masdar's 2nd green bond raises $1bn to fund renewablesAbu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, has successfully raised $1 billion through its second green bond issuance, under its Green Finance Framework. The proceeds from the issuance will be deployed to fund More… |
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Mott MacDonald gets regional HQ licence in Saudi ArabiaMott MacDonald, a leading global engineering, development, and management consultancy, has had its regional headquarters (RHQ) licence approved as it continues to strengthen its presence in Saudi Arabia. Mott MacDonald is one of the first 40 UK companies to re More… |
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Middle East needs to take a cautious approach: Saxo BankSaxo Bank has advised a cautious approach for the Middle East, given the underlying fragility of the global economy. "The Q3 outlook reveals a complex financial landscape with significant implications for the Middle East. The region, heavily influenced by More… |
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Sanad posts H1 revenue of $630m; projects $1.23bn for FYSanad, a global aerospace engineering and leasing solutions leader, has posted robust first-half (H1) revenue of AED2.3 billion ($630 million) and projects full-year (FY) earnings of AED4.5 billion ($1.23 billion). The revenue growth was marked by significant More… |
