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Sipchem shuts down petchem plant in JubailSahara International Petrochemical (Sipchem) has announced the immediate suspension of production at its Ethyl Acetate plant in Jubail Industrial; until further notice. The decision, approved by the company's Board of Directors, aligns with Sipchem’s More… |
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Bapco Energies completes $1bn Reg S sukuk issuanceBapco Energies, the integrated company leading the energy transition in the Kingdom of Bahrain, has successfully completed a landmark $1 billion Reg S Sukuk issuance with a concurrent capped tender offer for up to 25% of its outstanding $1 billion 7.5% Notes due 2027, thus reinforcing its com More… |
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DP World expands electric freight ops at Jebel Ali PortDP World has launched a cutting-edge electric freight solution at Jebel Ali Port in partnership with Einride, marking a major step towards decarbonising terminal operations. Now running around-the-clock, the first wave of the electric fleet is set to mov More… |
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EDGE, CMN Naval to set up major Abu Dhabi JVEDGE, one of the world’s leading advanced technology and defence groups, and CMN Naval, a world-renowned naval shipbuilding group specialising in the design, engineering, and construction of superior naval and commercial vessels, and mega yachts, have formally agreed to create a new Abu More… |
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Mideast MRO market to top $20bn by 2035The Middle East fleet of commercial airliners is projected to grow at a compound annual growth rate (CAGR) of 5.1% over the next decade, according to the Global Fleet and MRO Market Forecast, 2025-2035 report from Oliver Wyman, a global management consulting firm and business unit within Mars More… |
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Saudi SAL, Sela in deal to set up $1bn Falcons City logistics zoneSAL Saudi Logistics Services Company has announced that it has signed an agreement with Sela Company to launch a new logistics zone at an investment of SAR4 billion ($1.1 billion) within the Falcons City project north of Riyadh. Spanning over 1.5 m More… |
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Manitowoc names Riham as new dealer for KuwaitManitowoc, a key provider of lifting equipment for construction industry, has appointed Riham as its new dealer for Kuwait. As per the deal, Riham will provide comprehensive crane and aftersales services for Grove cranes in Kuwait, delivering industry-le More… |
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Fabtech, Groupe M enter deal to offer products for nuclear energy sectorFabtech Engineering, a steel fabrication specialist based at Dubai Industrial City, has entered a strategic agreement with French industrial leader Groupe M to accelerate innovation and sustainable development in the UAE’s nuclear and sustainable energies sectors. &nb More… |
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Foulath Achieves ISO 22301:2019 certificationFoulath Holding Group, the investment company dedicated to the sustainable development and growth of the regional steel industry, has secured the ISO 22301:2019 certification, an internationally recognised standard for excellence in business continuity management. More… |
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Cisco unveils Smart Switches, transforming data center architectureCisco has announced a family of data center Smart Switches, disrupting traditional data center network design by enabling networking and security services in a compact all-in-one solution. Utilising programmable AMD Pensando data processing units (DPUs), More… |
