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JDR lands L&T's Middle East offshore umbilical testing orderJDR Cable Systems (JDR), the global subsea cable supplier and service provider, part of the TFKable Group, has been awarded a significant service contract by Larsen & Toubro (L&T), an Indian multinational engaged in EPC projects, high-tech manufacturing and services. More… |
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Bahrain EDB draws over $250m in investments from UKThe Bahrain Economic Development Board (Bahrain EDB) has attracted over $250 million in investments from United Kingdom-based companies in the past three years (2022-2024) spanning across key sectors including financial services, ICT, education and tourism. More… |
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Sipchem picks Achilles to boost its operational excellenceAchilles, a global leader in supply chain risk and performance management, said it has secured a major contract from Saudi petrochemical manufacturer Sipchem to support its drive for operational excellence, responsible sourcing and enhanced ESG performance. More… |
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Arabian Gulf Steel gets key sustainable financing from MashreqMashreq, a leading financial institution in the Mena region, has announced the provision of an AED126 million ( ) sustainable financing facility to Arabian Gulf Steel Industries (AGSI) to help the company’s smooth transition toward cleaner industrial practices by 2030. More… |
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Bahrain sees robust pipeline of financial institutions, 16 licences approvedThe Central Bank of Bahrain (CBB) has reported a significant increase in financial institution licensing, with 16 new financial firms approved and 52 additional applications underway from early 2024 through mid-2025. This surge highlights Bahrain’s growi More… |
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Daimler Truck in deal to set up vehicle assembly plant in SenegalDaimler Truck has signed a Letter of Intent with the Government of Senegal and Global Truck Systems (GTS) to establish a local truck assembly plant. As part of the agreement, Daimler Truck will serve as the exclusive supplier of dismantled truck kits (CKD – Completely Knocked Down) and More… |
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Saudi Aramco eyes $4bn from major power assets saleSaudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars. The potential sale of four More… |
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Jingdong JV to set up logistics hub at Abu Dhabi Airports Free ZoneAbu Dhabi Airports has announced a strategic joint venture with Jingdong Property (JDP), the infrastructure arm of global e-commerce leader JD, to develop and operate advanced logistics facilities within the Abu Dhabi Airports Free Zone. The strategic partners More… |
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Mammoet lands Heerema Marine contract for 2GW Program scopesGlobal heavy lift leader Mammoet has signed a support agreement for TenneT’s 2GW program; one that will see it support Heerema Marine Contractors (Heerema) with the offshore installation of two giant topsides for the 2GW Program. As per the deal, M More… |
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Japanese crane company Tadano buys IHI's transportation businessJapanese truck manufacturer Tadano has announced the successful completion of its acquisition of the transportation system business of IHI Transport Machinery Company, a consolidated subsidiary of IHI Corporation. IHI Transport Machinery’s transpor More… |
