Saturday 15 June 2024

Bahrain EDB wraps up successful visit to the US

Bahrain Economic Development Board (Bahrain EDB), has wrapped up its strategic visit to the US, which kicked off on June 10 and comprised four roundtables sessions as part of ‘The Transformation Agenda’ series.    With the overall aim of promoti


Broaden to set up $270m hydrogen equipment complex in Abu Dhabi

Broaden Energy, a global leader in hydrogen energy solutions, will invest AED1 billion ($270 million) to set up the first hydrogen equipment manufacturing complex in Abu Dhabi.   The Abu Dhabi Department of Economic Development (ADDED) has signed a Memorandum of


Chemicals M&A rebound seen in the next 12 to 18 months

Global management consultancy, Kearney, sees rebound in M&A activity in the Middle East chemicals sector in the next 12 to 18 months.   A new report titled “Chemicals M&A: deal activity remains sluggish but rebound signs are there,” discusses


Tamkeen backs increments for 400 Bahrainis at Lulu

Bahrain’s Labour Fund (Tamkeen) will support salary increments for more than 400 Bahrainis employed at Lulu Hypermarket to support their growth and career development, which is 67% of the total Bahrainis employed at the group. This comes as part of the wage increment programme that supp


Abu Dhabi Chamber in deal to foster trade ties with Angola

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed a cooperation agreement with the Angola-UAE Chamber of Commerce and Industry to foster cooperation, enhance economic relations, and create more investment opportunities for businesspeople, entrepreneurs, and investors in both cou


Air cargo Asia Pacific demand and rates soar: WorldACD

Air cargo demand and rates from Asia Pacific origins continue to soar well above last year’s levels, with spot rates from Vietnam to Europe, in particular, spiking even further in the last two weeks.    According to the latest weekly figures and analy


Bahrain Steel receives ‘Ubuntu Unity’ with DR pellet feed

Bahrain Steel, a leading producer and global supplier of high-grade iron ore pellets, announced the arrival of the vessel, MV Ubuntu Unity, owned by Anglo American. This marks a milestone for Bahrain Steel, as it is the largest vessel to call on the company since its inception in 1984. 


Edge launches two pioneering Centres of Excellence

Edge, a leading technology and defence group, has launched two pioneering Centres of Excellence (CoE), based in the UAE-- The new Radar and Electronic Warfare (EW) Centre of Excellence, and the Electro Optic Centre of Excellence (EOCE).    These new CoEs bu


DMCC attracts over 160 new Indian businesses last year

Dubai Multi Commodities Centre (DMCC) has attracted over 160 new Indian companies last year adding to the almost 3,900 Indian companies across its district and seeking to build upon the $85 billion India-UAE non-oil trade corridor.   Concluding its latest Made f


Lummus’ Catofin technology selected for new plant in China

Lummus Technology, a global provider of process technologies and value-driven energy solutions, has announced that Qingyang Tongxin Petroleum Technology Co has selected Lummus’ Catofin technology for a new dehydrogenation unit in Qingyang City, Gansu Province, China.  

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