Wednesday 30 November 2022

Al Masaood Energy to explore global opportunities in maritime sector

Al Masaood Energy has signed a Memorandum of Understanding and Cooperation (MoUC) with the Columbia Group and Fameline Holding Group to explore opportunities in the industrial and maritime sector.   Al Masaood Energy, one of the first established oil and gas sup


Bridgestone picks Mideast veteran Sanchini for big India role

Bridgestone Europe, Middle East, India and Africa has named Stefano Sanchini, current Vice President & Managing Director for Middle East & Africa region, will begin serving as Vice President & Managing Director of Bridgestone India.    Sanchini


China’s GBA presents great investment potential: Investcorp

China’s Greater Bay Area (GBA) boasts a significant number of innovative, growing and profitable private enterprises which together comprise what is referred to as the ‘Factory of the World’ and present great investment potential.   China is ai


Pepsi unveils 100% recycled plastic Diet Pepsi bottles in Kuwait

Consumers in Kuwait will now be able to enjoy Diet Pepsi in 100% recycled plastic bottles, as PepsiCo continues its expansion of sustainable packaging alternatives in the GCC.   Pepsi is the first beverage brand in Kuwait to introduce locally manufactured, 100%


Aramco unit Luberef set for key IPO; wins nod for Saudi listing

Saudi oil giant Aramco has announced that its base oil subsidiary, Luberef, has won approval from the kingdom’s stock market regulator, Capital Market Authority (CMA), to launch its an initial public offering (IPO) and list its shares on the main market of the Saudi Stock Exchange.


S&P Global upgrades Oman’s credit rating

S&P Global Ratings has upgraded Oman’s credit rating from “BB-”to “BB”, with stable future outlook due to improved fiscal performance of the state. S&P also cited other indices, including improved performance in the balance of payments, measu


BBME 2023 gains support from region’s leading organisations

The 2023 edition of Breakbulk Middle East (BBME) will facilitate valuable partnerships and drive the growth of the region’s breakbulk and project cargo sector.   Held under the patronage of the UAE Ministry of Energy and Infrastructure, BBME is all set to


Penspen launches new energy transition consultancy

Global energy services company Penspen has announced the launch of its dedicated energy transition consultancy – a multi-disciplinary centre of expertise to lead the international energy industry on the pathway to net zero emissions.   The consultancy brin


Bahrain gets S&P ratings boost on fiscal reforms, high oil prices

S&P Global Ratings today (November 26) revised its outlook on Bahrain to positive from stable, while affirming its 'B+/B' long- and short-term foreign and local currency sovereign credit ratings. The transfer and convertibility assessment on Bahrain remains 'BB-'.


China Harbour Engineering wins Khalifa Port infrastructure contract

AD Ports Group has announced that it has awarded a contract to China Harbour Engineering Company (CHEC) for the development of buildings and topside infrastructure for its cutting-edge CMA Terminals Khalifa Port.   CMA Terminals Khalifa Port is a joint venture b

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