Saudi-listed Mohammed Hassan Al Naqool Sons has announced that its key subsidiary, Sadan Industrial Company, has signed an agreement with Saudi Diesel Equipment Company to purchase a fleet of 50 Daewoo trucks as it expands its transportation and logistics business.
Saudi Arabia’s cement sales volume in June increased by 8.9% year-on-year to 4.39 metric tonnes, reflecting a recovery from last month’s decline, according to a new report by Al Rajhi capital. Yamama continues to maintain dominant market share.
VinFast, an electric vehicle brand of Vingroup, a business conglomerate in Vietnam, has appointed Prashanth Rao as the new CEO for its Middle East operations. In this role, Rao will spearhead the regional strategy, accelerate EV adoption and establish a robust footprint in a rapidly growing market.
Alternative Energy Projects Company (AEP), a Kuwait-based renewable energy developer, has announced plans to raise capital to fund the expansion of its solar energy business across Kuwait and Mena region. It has appointed Kamco Invest, in collaboration with Burgan Bank, to lead the transaction.
Solidcore Resources, a leading gold producer in Kazakhstan, has announced that it has entered into an agreement with Minerals Development Oman (MDO) to establish a joint venture to explore and develop the Khabiyat copper-gold project in the sultanate.
DMCC, a leading international business district in Dubai, has announced a new memorandum of understanding (MoU) between the Dubai Diamond Exchange (DDE) and the London Diamond Bourse (LDB) to strengthen cooperation between the two bourses.
UUDS AERO, a leader in the aeronautical industry, has expanded its presence at the Mohammed Bin Rashid Aerospace Hub (MBRAH) at Dubai South, growing its footprint to over 180,000 sq m across multiple facilities since establishing its first operation at the aerospace platform in 2022.
UAE-based port operator Gulftainer has unveiled its bold new strategy to expand beyond terminal operations into an integrated trade infrastructure company by combining ports, shipping, inland logistics and digital supply chain services across key trade corridors.
Metal Park, the world's first plug-and-play ecosystem for metals, has partnered with Innovation Line to enhance the range of industrial support services available to businesses operating within the Metal Park ecosystem.
Dubai Investments has been awarded the Gold Tier in the Majra Impact Seal’s Large Companies category, following a multi phase evaluation under Majra – National CSR Fund’s Impact Framework.
