Wednesday 22 May 2024

IPAMDC 2024 concludes setting new course for maritime sector

The recently concluded International Port & Marine Development Conference (IPAMDC) in Jeddah has set a new course for the maritime industry, emphasising smart and sustainable port infrastructure as the cornerstone for maritime progress.   Saudi Arabia's


Fils, AFS tie up to drive sustainable digital transformation

Fils, a fast growing, UAE based enterprise-grade digital infrastructure provider, has partnered with Arab Financial Services (AFS) to foster sustainable practices and driving climate action across industries in the region.    Leveraging Fils’s state-o


Wilo surpasses $2.13bn in global net sales in 2023

Wilo Group, a leading pump manufacturer and digital pioneer in the pump industry, despite a challenging market environment, achieved record net sales of around AED7.82 billion ($2.13 billion) in the 2023 financial year. This corresponds to a currency-adjusted increase of 10.4% compared to the


Savoye to highlight AI and automation at Seamless

Savoye, a leading global warehouse automation firm, will dive deep into the limitless possibilities set forth by automation and artificial intelligence in the logistics and supply chain sector at the Seamless Middle East 2024.   The yearly gathering of industry


Autel Energy to show MaxiCharger DC HiPower at EVIS

Autel Energy, a global leader in electric vehicle (EV) charging products and services, will show the 640 kW MaxiCharger DC HiPower for fleet operators and heavy-duty transport at the Electric Vehicle Innovation Summit (EVIS) 2024. The event will be held in Abu Dhabi, UAE, from May 20 to 22, 2


Golden Spike to set up production facility in Kezad

Khalifa Economic Zones Abu Dhabi – Kezad Group and UAE-based Golden Spike and Wheat have signed a 50-year land lease agreement for the establishment of a bakery and sweets manufacturing facility in Kezad.   The 26,000 sq m facility in ICAD 3 (Kezad Musaffa


Samail Industrial City welcomes $41.6m beverages project

Samail Industrial City, part of Oman’s Public Establishment for Industrial Estates (Madayn), has signed a OMR16 million ($41.6 million) contract with Al Khayal Business and Investment Company to set up a beverages project. The project of two phases is planned to be implemented on a tota


Arabian Drilling posts solid Q1 results; revenue up 24pc

Arabian Drilling, one of the largest national onshore and offshore drilling contractors in Saudi Arabia, has delivered a strong operational performance in Q1 recording a 24% jump in its revenue which soared to SAR967 million ($258 million) mainly due to the contribution of three offshore rigs


Shaker Q1 net profit rises 12.09pc to $8.6m

Al Hassan Ghazi Ibrahim Shaker Co has posted a first-quarter (Q1) net profit of SR32.25 million ($8.6 million), up 12.09% YoY, driven by strong revenue growth, enhanced operational performance, and lower finance costs.   Saudi Arabia’s leading manufacturer


GWC masters Third Party Logistics (3PL) in cold chain

GWC, Qatar’s logistics leader, plays a key role in shaping the country’s 3PL cold chain market, which is set for vigorous growth.    As a regional trade, commerce, and logistics hub, the State of Qatar recognises the need for robust cold chain i

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