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GAMI signs collaboration deal with Italian company Elettronica

Saudi Ministry of Investment (MISA) and the General Authority for Military Industries (GAMI) have jointly signed a MoU with Elettronica a leading Italian company in the defence sector in bid to boost collaboration...

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Lahab in deal to enhance UAE ammunition standards

Edge Group entity Lahab the UAE s sole ammunition manufacturer have signed an MoU with the Jordan Design and Development Bureau (JODDB) to certify Lahab s Ballistics Laboratory to NATO standards. Under...

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Tenaui opens region’s largest digital commercial printing press

Tenaui a leader in digital commercial printing solutions in the Saudi Arabian printing market recently inaugurated the largest digital commercial printing press in the Middle East. Located in Ali Ibn Al...

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LBS calls for entries to the LBS Mena Startup Competition 2024

London Business School (LBS) has called on budding entrepreneurs to participate in the LBS Mena Startup Competition 2024. Applicants are invited to submit entries to the School s third annual Mena Startup...

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AD Ports Group launches new rail logistics offering

Noatum Logistics an AD Ports Group company and a leading logistics provider has announced the launch of its new rail logistics solution for the Middle East region. The new offering which complements Noatum...

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DP World acquires Cargo Services Far East

DP World has completed the acquisition of Cargo Services Far East a global supply chain provider headquartered in Hong Kong making the global logistics leader s foray into retail and fashion logistics....

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Al Seer Marine unveils new dynamic brand identity

Al Seer Marine a frontrunner in various maritime sectors and a subsidiary of International Holding Company has revealed a new brand identity that captures its vision to solidify its position as a leader...

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MESA and Asia Pacific lead in air cargo tonnages in July

Middle East & South Asia (MESA) and Asia Pacific led in terms of the YoY air cargo percentage tonnage increases in July with 21% and 17% respectively according to the latest figures and analysis from WorldACD...

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Ducab doubles aluminium production capacity to 110,000 tpa

Ducab Metals Business (DMB) a subsidiary of Ducab Group has announced the doubling of its annual production capacity for aluminium from 55 000 tonnes per annum (tpa) to 110 000 tpa. It also increased its...

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Emirates Steel Arkan rebrands as Emsteel

Emirates Steel Arkan the UAE s largest publicly listed steel and building materials company has rebranded as Emsteel as part of a broader strategy to accelerate its operational transformation and extend...

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HyperloopTT, Aerospace Times Feiping joins Logimotion edition

Hyperloop Transportation Technologies (HyperloopTT) and Aerospace Times Feiping have been announced as the key partners for the Transportation & Mobility section of the inaugural edition of Logimotion...

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KSA nets $1.8bn trade surplus in non-oil trade with GCC in Q2

Saudi Arabia s non-oil trade balance with Gulf Cooperation Council (GCC) countries recorded a significant surplus during the second quarter (Q2) of 2024 reaching SR6.776 billion ( 1.8 billion). This represents...

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Changan opens Middle East Parts Distribution Centre in Dubai

Changan Automobile has opened its Middle East Parts Distribution Centre in Jebel Ali Free Zone Dubai upgrading its service network in the region and a key milestone in the company s localisation journey....

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ASRY to take part in world’s leading maritime trade fairs

ASRY a leading ship and rig repair yard in the Arabian Gulf has announced its participation in a number of upcoming maritime trade fairs planned for September 2024. ASRY was scheduled to participate in...

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IFS to show AI-powered solutions at World Utilities Congress

IFS a leading technology provider of enterprise cloud and industrial AI software will showcase its AI-powered solutions at the World Utilities Congress from September 16 to 18 in Abu Dhabi. The company...

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EGA H1 2024 net profit falls to $500m, adjusted EBITDA up

Emirates Global Aluminium (EGA) the world s largest premium aluminium producer has seen its first-half (H1) net profit fall to AED1.84 billion ( 500 million) compared to AED1.96 billion in H1 2023. EGA...

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