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AD Ports signs MoU on Multi-Purpose Port in Chittagong

AD Ports Group has signed an MoU with the Chittagong Port Authority to explore the future development and operation of the Multi-Purpose Port in Chittagong Port and other ancillary opportunities in Bangladesh....

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China-Arab Entrepreneurs Summit 2024 kicks off in Abu Dhabi

The 2024 China-Arab Entrepreneurs Summit started on May 15 in Abu Dhabi bringing together over 200 delegates from the business sectors of China and Arab countries a report said. The summit which is jointly...

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Almarai signs 5 deals with global firms worth over $136m

As part of its expansion investment strategy Almarai has signed agreements with five leading global poultry companies worth over SR500 million ( 136 million) to expand poultry production and increase the...

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Al Ghurair Foods breaks ground on broiler farm in Abu Dhabi

Al Ghurair Foods a leading food processing company in the UAE has held the groundbreaking ceremony for its first broiler farm in Abu Dhabi s Khalifa Economic Zones Abu Dhabi (Kezad). Scheduled to be operational...

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Saudi Venture Capital makes key investment in General Atlantic fund

Saudi Venture Capital Company (SVC) a subsidiary of the Small and Medium Enterprises Bank (SME) has announced a significant SAR112.5 million ( 31 million) investment in a private equity fund managed by...

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Alba reports $65m Q1 profit

Aluminium Bahrain (Alba) one of the world s largest aluminium smelters has reported a profit of BD24.5 million ( 65 million) for the first quarter of 2024 a drop of 48% year-over year (YoY) compared to...

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DP World, Einride deploy electric, autonomous freight mobility

DP World has formed a partnership with freight mobility company Einride to electrify inter-terminal container flows at Jebel Ali Port improving efficiency and sustainability at the 10th busiest port in...

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Fertiglobe reports $552m Q1 revenue

Fertiglobe the world s largest seaborne exporter of urea and ammonia combined and the largest nitrogen fertilizer producer in the Middle East and North Africa region today reported a Q1 2024 revenue of...

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Deal signed to set up Boeing Aerospace Doha

The Investment Promotion Agency Qatar (Invest Qatar) and Boeing have signed a memorandum of understanding (MoU) to establish a permanent legal entity Boeing Aerospace Doha in Qatar. The new Boeing hub...

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DP World boosts European trade with key Romania investment

DP World has opened three major new sites in Romania providing a significant boost to the country s growing status as a key hub of European trade and enabling economic growth throughout the region. The...

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Dubai Chamber firms Q1 exports and re-exports hit $20bn

Member firms of Dubai Chamber of Commerce effected exports and re-exports in the first quarter (Q1) worth AED73.5 billion ( 20 billion) representing a year-over-year (YoY) growth of 4.5%. During the period...

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QFZ and FedEx to set up a regional logistics facility

Qatar Free Zones Authority (QFZ) and FedEx Logistics have signed a Memorandum of Understanding (MoU) to set up a regional logistics facility in Qatar s free zones. The facility which will operate under...

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EDGE seals key Indonesian ammunition production line deal

EDGE one of the world s leading advanced technology and defence groups has signed a 27 million agreement for supply of an ammunition production line to PT Pindad an Indonesian state-owned enterprise and...

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EDGE to supply ammunition line to PT Pindad

EDGE one of the world s leading advanced technology and defence groups signed a 27 million agreement today to supply an ammunition production line to PT Pindad an Indonesian state-owned enterprise and...

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AD Ports Group revenue doubles to $1bn in Q1

AD Ports Group a leading facilitator of global trade logistics and industry today reported strong operational and financial performance during the first quarter of this year with revenue more than doubling...

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IMI introduces its first valve for urea applications

IMI is launching its first control valve for urea plants which is set to be installed at one of the major fertiliser plants in the MEA region for the first time later this year. The newly designed urea...

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