Deutsche Bank, the leading German bank with strong European roots and a global network, said it has been granted licence by the Ministry of Investment of Saudi Arabia (MISA) to set up its regional headquarters in Riyadh. This will be Deutsche Bank’s third legal entity in the kingdom.
TKE Alat, a joint venture between TK Elevator (formerly known as ThyssenKrupp Elevator), and Alat, a Saudi Arabian manufacturing company, have announced the groundbreaking of its planned elevator and escalator manufacturing and multi-purpose facility at Dammam's Third Industrial City.
The first deliveries of liquefied natural gas (LNG) from Oman to a German company have begun despite the war in Iran, said a spokesperson for the German state-owned gas supplier Sefe.
As part of its growth in electricity in Germany, TotalEnergies has signed an agreement with Allianz Global Investors (AllianzGI) for the sale of a 50 per cent stake in a portfolio of 11 battery storage projects with a total capacity of 789 MW – 1628 MWh.
UAE national airline Etihad Airways has announced a strategic partnership with German carrier Condor that will see the launch of new daily flights connecting Frankfurt and Berlin to Abu Dhabi starting from next summer.
Leading German group Achenbach Buschhütten has announced that it has secured a major contract from Saudi-based Tahweel Metal Industry Corporation (TMIC) for a fully integrated aluminium foil production plant to be established in Dammam, Saudi Arabia.
