Sunday 8 September 2024
 
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Asry launches first phase of Bapco Refining’s Barges Project

The Arab Shipbuilding and Repair Yard Company (Asry), a leading ship and rig repair yard in the  Gulf, has recently announced the launch of the first phase of the Bapco Refining Self-Propelled Fuel Oil Bunker Barges Project, which is scheduled for execution in the final quarter of 2024.&

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Carrier Global opens new regional office in Riyadh

Carrier Global Corporation, a global leader in intelligent climate and energy solutions, has announced the grand opening of its regional office in Riyadh, Saudi Arabia. This strategic move underscores Carrier’s commitment to enhancing its operations in the Middle East, aligning w

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Bahrain-Hungary ties robust and expanding: Minister Szijjártó

Bahrain and Hungary have forged a robust partnership, with bilateral ties significantly strengthening in recent years. Through high-level visits and a series of important agreements, both nations have deepened their political and economic collaboration. Last week, Hungary’s Forei

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Mawani reports 25pc jump in Saudi cargo growth

The Saudi Ports Authority (Mawani) has announced a substantial increase in cargo tonnage handled at its ports in August with the total tonnage reaching 30,527,279 tonnes, thus reflecting a 26.57% growth compared to the same period last year.   According to Mawan

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GAMI signs collaboration deal with Italian company Elettronica

Saudi Ministry of Investment (MISA) and the General Authority for Military Industries (GAMI) have  jointly signed a MoU with Elettronica, a leading Italian company in the defence sector, in bid to boost collaboration in areas related to investment in the Saudi defence sector, thus buildi

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Ducab doubles aluminium production capacity to 110,000 tpa

Ducab Metals Business (DMB), a subsidiary of Ducab Group, has announced the doubling of its annual production capacity for aluminium from 55,000 tonnes per annum (tpa) to 110,000 tpa. It also increased its bare copper product capacity in response to surging global demand for these UAE-manufac

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Ahmed Al Zaabi appointed Chairman of UAE Chambers

The Board of Directors of the Federation of UAE Chambers of Commerce and Industry (UAE Chambers) has appointed Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Chamber, as Chairman of the Federation for the 2024-2027 term, a report said. Abdullah Sultan Al Owais, Chairman of Sharjah Chamber

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Abdul Latif Jameel Machinery is MDS's distributor in Saudi

MDS, a leading manufacturer of heavy-duty rock trommels and conveyors, has appointed its first distributor in the Middle East, which will represent its range of heavy-duty materials processing equipment, and be responsible for providing sales, service, and support for its products throughout th

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Bahrain EDB announces multi-city visit to India from Sept.9

Bahrain Economic Development Board (Bahrain EDB), the island nation’s investment promotion agency, is set to kick off a multi-city tour across India from September 9 to 14.   Led by Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Execut

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MC4 plans IPO, to list 30pc of shares on Saudi Main Bourse

Saudi Arabia's Fourth Milling Company (MC4) has announced its intention to proceed with an initial public offering (IPO) and plans to list 162 million shares, equal to a 30% stake, on the Main Market of the Saudi Exchange.   Saudi regulator CMA said it had a

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