Saturday 4 February 2023

Adnoc signs $4.63bn deals to boost manufacturing sector

Abu Dhabi National Oil Company (Adnoc) has announced that it has signed agreements with 23 UAE and international companies in bid to boost local manufacturing opportunities across a wide range of critical industrial products worth AED17 billion ($4.63 billion).  


Modon in deal to develop 14 digital warehouses in Jeddah

The Saudi Authority for Industrial Cities and Technology Zones (Modon) said it has signed an agreement under which it will establish, develop and operate 14 warehouses with flexible areas in Jeddah 1st Industrial City.    These warehouses will be operated b


Alba revenues up 16% in 2022; profit at $1.1bn

Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, has reported a revenue of BD1,840.9 million ($4,896.1 million) for 2022, up 16% YoY, compared to BD1,584.8 million ($4,215 million) for 2021.   However, the full year profit showed a


AquaChemie opens $50m petchem terminal in Jebel Ali Port

AquaChemie Middle East, a leading regional player for process industry chemicals in the GCC region, has opened its AED184 million ($50 million) world-class Petrochemical Terminal in DP World’s Jebel Ali Port in Dubai.    The advanced terminal, targeti


Jafza’s healthcare companies spur 7-fold growth in 4 years

The UAE's healthcare sector has seen significant growth in recent years, contributing 54% of the overall healthcare trade in the GCC in 2021, according to a WAM report.   The country’s Jebel Ali Free Zone (Jafza), plays a key player in the gro


Borouge reports $1.4bn profit for 2022

Borouge, a UAE based leading petrochemical company, today reported a net profit of $1.4 billion for the 12 months ended December 31, 2022, in line with market expectations despite an overall challenging market environment.    Adjusted EBITDA for the full-ye


SPARK, SeAH GSI break ground on $240m steel tube facility

King Salman Energy Park (SPARK), the leading energy industrial ecosystem, celebrated the groundbreaking of SeAH Gulf Special Steel Industries’ (SeAH GSI) new production facility.    SeAH GSI, a joint venture between the Saudi Arabian Industrial Invest


DP World wins contract to develop mega-container terminal in India

DP World has won a major concession to develop, operate and maintain the mega-container terminal at Deendayal port in Gujarat, on the western coast of India.    The project involves the construction of a mega-container terminal at Tuna-Tekra in the Gulf of


Krohne champions cost-efficiency, connectivity with Optibar

Krohne, a global manufacturer and provider of process instrumentation, has added an electronic differential pressure (eDP) version to its Optibar family with the launch of Optibar 5060 eDP.    It aims at level, density and differential pressure applications


Unifonic to present its newly acquired conversational AI at LEAP 2023

Unifonic, a leading customer engagement platform and CPaaS (Communications Platform as a Service) provider in the Middle East, is set to participate at LEAP 2023 in Riyadh, Saudi Arabia.    At the second edition of the global tech event, which will be launc

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