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Asry launches first phase of Bapco Refining’s Barges ProjectThe 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.& More… |
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Carrier Global opens new regional office in RiyadhCarrier 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 More… |
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Bahrain-Hungary ties robust and expanding: Minister SzijjártóBahrain 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 More… |
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Mawani reports 25pc jump in Saudi cargo growthThe 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 More… |
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GAMI signs collaboration deal with Italian company ElettronicaSaudi 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 More… |
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Ducab doubles aluminium production capacity to 110,000 tpaDucab 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 More… |
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Ahmed Al Zaabi appointed Chairman of UAE ChambersThe 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 More… |
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Abdul Latif Jameel Machinery is MDS's distributor in SaudiMDS, 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 More… |
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Bahrain EDB announces multi-city visit to India from Sept.9Bahrain 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 More… |
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MC4 plans IPO, to list 30pc of shares on Saudi Main BourseSaudi 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 More… |
