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Port of Aden sets offloaded cargo record in 2019Yemen-based Port of Aden has set an all-time record in 2019, witnessing the largest increase in the volume of offloaded cargo in its history, with the support of two cranes provided by Saudi Arabia. The Saudi cranes grant to the port contributed significantly to the higher volume More… |
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Business park to be set up in Duqm zoneOman's Special Economic Zone Authority at Duqm (Sezad) and Maysan Properties have signed a usufruct agreement to establish a business park under the ‘Maysan Square Duqm’ brand in the SEZ, said a report. The project will be developed in five phases, starting from 2 More… |
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Boeing mulls another 787 output cut amid sales slumpBoeing Company is considering another cut to production of its marquee 787 Dreamliner as the aerospace giant contends with sluggish demand, reported Bloomberg citing people familiar with the matter. Executives are studying whether to trim monthly outp More… |
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Hyundai Kona Electric achieves highest altitude recordHyundai Kona Electric has made it to the prestigious Guiness World Records for being driven at the highest altitude by an electric car. Hyundai Kona Electric, the first fully Made-in-India long-range electric SUV, was driven to an altitude of 5,731 m to Sawula Pass in Tibet More… |
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Truebell reveals top five food trends for 2020UAE-headquartered Truebell, a leading GCC importer of fast-moving consumer goods (FMCG), has highlighted healthy frozen foods, Asian cuisine, plant-based and vegan, meat substitutes, local and organic produce as well as collagen-rich and gluten-free food and drinks as key trending products for More… |
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MBRIF selects 11 new businesses for accelerator programmeThe Mohammed bin Rashid Innovation Fund (MBRIF) an initiative launched by the UAE Ministry of Finance to support innovation in the UAE, has announced the addition of 11 new members to the Fund's accelerator programme, said a report. Representing businesses from four countries More… |
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GCC video surveillance storage market to grow 6.6pc by 2025The GCC video surveillance storage market is expected to grow at a compound annual growth rate (CAGR) of 6.6 per cent during 2019 to 2025, according to a report by 6Wresearch, a global market research and consulting firm. The report, titled "GCC Video Surveillance Storage Ma More… |
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BMW M sells record number automobiles in 2019The BMW M, a subsidiary of German car manufacturer BMW, has reported a record sale of 135,829 performance/high-performance automobiles in the 2019 financial year. Compared with the previous year, the number of newly registered BMW M automobiles increased by 32.2 per cent, said a More… |
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FedEx ranks among ‘most admired' companiesFedEx Corp, a leading express transportation company, announced that it has once again ranked among the most admired companies in the world, according to a survey published in Fortune magazine. The annual “World’s Most Admired Companies” report released lists Fe More… |
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Equate starts production of new food-grade PETKuwait-based Equate Group, a global producer of petrochemicals, has announced the production of the first successful batch of Viridis 25, a new food-grade polyethylene terephthalate (PET) by Equipolymers (EQP). Leaping forward with a breakthrough innovation to help address the gl More… |
