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Tabreed, CVC DIF to buy Abu Dhabi’s PAL Cooling from Multiply GroupTabreed, a leading district cooling company based in Abu Dhabi, has entered into a partnership with CVC DIF, a Dutch mid-market infrastructure equity fund manager, to acquire PAL Cooling Holding from Abu Dhabi’s Multiply Group, in a deal with an equity value of AED3.8 billion ($1.03 bil More… |
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Arkan, British Telecom power DHL cloud rollout across Middle EastArkan Solutions, a leading Saudi-based provider of cloud communication services, has announced the successful go-live of its innovative PSTN integration service for DHL Express in Kuwait, Qatar and Jordan, in collaboration with British Telecom. Under a m More… |
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UAE, China launch service centre to boost $400bn Arab tradeUAE and China recently launched Qingdao Overseas Integrated Service Centre at the China-Arab Business Forum held in Qingdao recently – that is aimed at increasing the $400 billion trade between China and the Arab world. A total of 40 important projects w More… |
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Saudi logistics sector soars on big Grade A warehouses demandFuelled by the National Industrial Development and Logistics Program (NIDLP) under Vision 2030, Saudi Arabia's logistics and warehousing sector is rapidly expanding, driven by a booming e-commerce market and increasing demand for Grade A warehousing, according to leading real estate exper More… |
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Alba achieves key milestone with 37m safe working hoursAluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has announced that it had achieved a major occupational safety milestone by clocking 37 million safe working hours without a Lost Time Injury (LTI) on June 27. This significant More… |
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Hibrid, Alibaba to deliver key infrastructure solutions in GCCHibrid, a leading UAE-based provider of innovative streaming technology, has sealed a strategic deal with Alibaba Cloud to deliver advanced streaming and comprehensive infrastructure solutions to its customers across the Middle East and the GCC region. This co More… |
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Wolffkran wins tower crane package for Saudi World Cup stadium projectWolffkran, a leading manufacturer of tower cranes, has signed a major contract to provide the turn-key tower crane package for one of Saudi Arabia’s most prestigious construction projects: the Prince Mohammed Bin Salman Stadium in Qiddiya, Riyadh. The Pr More… |
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Middle East & South Asia air cargo tonnages partially reboundAir cargo tonnages from Middle East & South Asia origins have partially rebounded in the third week of June after falling sharply in the previous two weeks due to the effects of Eid Al Adha holidays and the conflict between Israel and Iran, according to the WorldACD Market Data. More… |
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EGA begins hot metal production at Abu Dhabi plantEmirates Global Aluminium (EGA) has announced the start of hot metal production at its facility being used for boosting pilot reduction cells for EX, the company’s next generation aluminium smelting technology. EX is the Emirati industrial group's EG More… |
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StockSpace, Axione to set up 14,200 sq m F&B warehouse in KezadGrade A warehouse operator StockSpace and project master developer Axione Development have jointly announced the signing of a 50-year land lease agreement with Khalifa Economic Zones Abu Dhabi (Kezad Group) to establish a state-of-the-art Grade A warehouse facility in Kezad Area A (Kezad Al M More… |