Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has issued a decree forming the board of directors of the Investment Corporation of Dubai (ICD), with Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum as its Chairman, reported state news agency Wam.
Almoayyed Contracting Group, in collaboration with Daikin Middle East and Africa, inaugurated the Daikin Experience Center in Bahrain, marking another milestone in the collaboration between the two companies.
Saudi Steel Pipe Company has announced that it has sealed a major contract with Saudi oil giant Aramco to supply steel pipes for its oil and gas projects. The entire work will be completed within a one-year period.
ACICO Group, a Kuwait-based building materials and construction company, said it has reached agreements with two local creditor banks to restructure its outstanding debt and financing obligations, thus bringing completed settlements to about 80% of the total creditor bank obligations.
Vianode, an advanced battery materials company, and leading European energy solutions provider FAAM have successfully demonstrated the recycling of graphite from battery production scrap into high-performance anode material, marking an important step toward establishing a circular value chain for battery-grade graphite.
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) is leading a delegation from Abu Dhabi comprising more than 34 companies to Mumbai, India, with the aim of expanding partnerships.
Leading Nordic logistics firm, Nowaste Logistics, has become the first company in the world to install an AutoCase from AutoStore at one of its warehouses.
Arabian Drilling, a leading Saudi oil and gas drilling contractor, said it has signed a SAR2 billion ($528 million) deal with Khafji Joint Operations (KJO) to provide four high-specification offshore jack-up drilling rigs. This four-year contract is the largest single offshore drilling award KJO has made to Arabian Drilling.
The Saudi Banks Media and Awareness Committee (SBMAC) has launched a national awareness campaign to support and raise financial awareness among startups and small and medium-sized enterprises (SMEs) across the kingdom.
Spanish infrastructure major Acciona said it is contributing its expertise in infrastructure and innovation to RAIL4EARTH, a major European research initiative exploring the future of sustainable and climate-resilient rail - a focus that resonates strongly with the Middle East.
