Tuesday 19 March 2024
 
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Dubai Chamber issues 5,492 ATA Carnets worth $1.36bn in 2023

Dubai Chamber of Commerce issued a total of 5,492 ATA Carnets for goods and commodities worth AED5 billion ($1.36 billion) in 2023, denoting a remarkable year-over-year growth of 47% in value.   This record value reflects strong growth within Dubai’s exhib

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Pharmatrade launches its Logistics Centre in Kezad

Khalifa Economic Zones Abu Dhabi – Kezad Group and the UAE-based Pharmatrade have opened Pharmatrade’s Abu Dhabi Logistics Centre, which will ensure uninterrupted medical supplies to Abu Dhabi and Al Ain.   The new logistics centre will ramp up the s

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Valmet to supply tissue line to Crown Paper Mill plant in Saudi Arabia

Crown Paper Mill has decided to invest in a second Valmet’s Advantage DCT tissue line including an extensive automation package, flow control valves and Industrial Internet solutions for its new mill in Saudi Arabia.   The target of the investment is to me

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Aramco chief seeks energy transition reset, realistic path

With the current transition strategy visibly failing on most fronts owing to its collision with five hard realities, the world needs a new, realistic pathway for the energy transition that includes oil and gas, said the top official of Saudi oil giant Aramco.   

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Almarai launches $4.8bn five-year investment strategy

Almarai, a leading Saudi food company, has announced its investment strategy for the next five years, 2024-2028, to strengthen its leading position as the largest vertically integrated dairy company in the world, and the largest in the production and distribution of food and beverages in the

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FedEx’s women powering the logistics sector

FedEx has been working for decades to empower women in what is perceived to be a male-dominated sector, and to advance their careers through training and mentorship.   At FedEx, women are making a difference across the organisation and challenging biases. The co

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Lootah Biofuels and MoEI sign landmark biofuels MoU

UAE's Ministry of Energy and Infrastructure (MoEI) and Lootah Biofuels, a leading circular economy pioneer producing biofuel from cooking oil, have signed an MoU to develop, promote and utilising biofuels as a sustainable energy source.    The MoU was s

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Swiss group Interlink to set up $200m titanium plant in Bahrain

Switzerland-based Interlink Metals & Chemicals has announced that one of its key subsidiaries - Bahrain Titanium - plans to set up a titanium plant at Askar in the southeastern coast of the kingdom at a total investment of $200 million. In this regard, the company has inked a

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Madayn unveils 'Explore' to showcase investment prospects

Oman’s Public Establishment for Industrial Estates (Madayn) has launched its geographic information system (Explore), to provide an attractive investment environment and promote project localisation across diverse sectors.    The system, which was lau

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Gold is anticipated to hit $3,000 mark in next five years

A steady rise in gold value is expected worldwide in 2024 with prices slightly hovering above the $2,100 mark as the global gold rush continues, the chief of a top securitisation company has said, citing industry analysis. Industry analysis points towards new record highs and moderate

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