Friday 21 June 2024

Stellantis announces official launch of bproauto parts

Stellantis, the global automaker, has announced the Middle East launch of bproauto, its new next generation of quality aftermarket parts and products.    The launch of the brand in the region is aligned with Stellantis's Dare Forward 2030 strategic plan


Salesforce announces the world’s first LLM benchmark for CRM

Salesforce has announced the world’s first LLM benchmark for CRM to help businesses evaluate the rapidly growing number of large language models (LLMs) for use in their customer relationship management (CRM) systems.    The new benchmark is a comprehe


Platinum group metals market to rise 4.47pc by 2029

The global market for platinum group metals (PGMs) – which include platinum, palladium, rhodium, iridium, osmium and ruthenium – will record a 4.47% increase between now and 2029, according to market research firm Mordor Intelligence.    In part


UAE ranks second after US in greenfield FDI projects

The UAE took the second place after the United States in greenfield FDI project announcements in 2023 at 1,323, an increase of 33% compared with 2022, according to the World Investment Report 2024, published on Thursday by the UN Trade and Development (UNCTAD), a report said. In terms


Wacker breaks ground on new silicone site in Czech Republic

Wacker Chemie AG is strengthening its strategic focus on the manufacture of silicone specialties by building a new production site in Karlovy Vary, Czech Republic.    The chemical company, together with project partners and representatives of the city and r


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

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