Tuesday 25 June 2024

Bahrain attracts record $6.8bn FDI inflows in 2023

Bahrain has secured a record $6.8 billion foreign direct investment (FDI) inflows in 2023, according to the latest World Investment Report (WIR 2024) by the United Nations Conference of Trade and Development (UNCTAD).    The figure tops the previous record


Edge and Thales to develop SDD technologies in the UAE

KATIM, an Edge Group entity and leader in the development of ultra-secure communication solutions, and Thales, will start discussing the co-development of Software Defined Radio (SDD) technologies in the UAE.    A declaration of intent was signed at the int


Rakez continues to fuel its SME community

Ras Al Khaimah Economic Zone (Rakez) has hosted the second session in its Growth Series 2024 edition, focusing on empowering entrepreneurs to kickstart their businesses with speed and efficiency.    The event, titled ‘How to Start Up Fast and Succeed&


Covestro teams up with Alibaba Cloud for traceability

Materials manufacturer Covestro has forged a partnership with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to deliver supply chain transparency.    Together, they will provide downstream industries starting in Asia with


Astha Biotech to set up microalgae plant at Kezad Al Ain

Khalifa Economic Zones Abu Dhabi (Kezad Group), the largest operator of integrated and purpose-built economic zones, has announced that it has signed a lease agreement with Astha Biotech, a UAE-based investment and development company, for a new facility within Kezad development in Al Ain cit


Dubai to host top iron and steel conference in November

The 26th Fastmarkets Middle East Iron & Steel Conference 2024 is set to take place at the Madinat Jumeirah, Dubai from November 18 to 20. This conference is the region’s largest and most prestigious iron and steel event. The conference will bring together key leaders


Mammoet starts assembly of world’s biggest land-based crane

Mammoet, the global leader in engineered heavy lifting and transport, has started assembling the world’s strongest land-based crane, the SK6000, at its Westdorpe facility in the Netherlands.    This monumental project marks a new era in heavy lifting


Investment opportunities in Jordan’s Aqaba to be showcased

Jordan, UAE’s third largest Arab trading partner outside the GCC, is welcoming investors in the country to leverage the unparalleled investment opportunities offered in its fastest-growing special economic zone, Aqaba.    To provide investors detailed


Adnec Group promotes maritime and defence events at Eurosatory

Adnec Group, in cooperation with the Ministry of Defence, and through its subsidiary, Capital Events, is showcasing at the UAE pavilion the latest innovations in the international defence and security sectors at Eurosatory 2024, a report said. This is part of its global promotional cam


Giga-projects boost Mideast investments; supply chain capacity hit

The Middle East’s ambitious giga-projects and state-backed developments are driving construction activity across the region. This rapid investment, paired with inflation falls and economic diversification, continues to attract global talent while also impacting supply chain capacity, ac

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