Thursday 20 June 2019

Geodis opens new logistics campus in France

Geodis, a leading global supply chain operator, has opened its new logistics campus in Douvrin, Hauts de France. A team of 300 Geodis employees will be mobilised to primarily serve retail and textile customers, in this new 48,000 sq m site, said a statement. At thi


Al Kathiri wins funding for new Saudi-Italian JV plant

Al Kathiri Holding Company said one of its subsidiary companies, Alian Industry Company, has won initial approval from Saudi Industrial Development Fund (SIDF) to finance the construction of the factory that will manufacture an advanced building system with the help of Italian technology in Sud


Saudi envoy visits Sami booth at Paris Air Show

Prince Faisal bin Farhan Al Saud, Ambassador of Saudi Arabia to Germany, yesterday (June 19) visited the exhibition booth of the Saudi Arabian Military Industries (Sami) company at the ongoing Paris Air Show in France. The air show, the world’s premier and largest event ded


Bahrain Entrepreneurship Organization promotes innovation

The Bahrain Entrepreneurship Organization (BEO) focussed on innovation and exchange of experiences in the economic field at its inaugural event, held recently at the Arcapita building in Bahrain Bay. The event was held under the patronage of Zayed Alzayani, Minister of Industry,


Abu Dhabi issues 4,813 new economic licences in Q1

A total of 4,813 new economic licences were issued in the first quarter of this year in Abu Dhabi’s business sector, with an increase of 63.9 per cent compared to the same period last year where only 2,935 licenses were issued, according to the Business Activity Report of Q1 2019 issued b


Top UAE trade delegation to attend African event

A high-level trade and investment delegation organised by the Ministry of Economy under the chairmanship of Engineer Sultan bin Saeed Al Mansoori, UAE Minister of Economy, will participate at the Africa Trade Week, next week, in South Africa. The event will take place from June 2


Qatar Airways to buy 5 Boeing 777 freighters

Qatar Airways,a leading air cargo carrier, has entered into an agreement to purchase five additional 777 Freighters valued at $1.8 billion at list prices from Boeing. The deal was unveiled at the Paris Air Show and signed in the presence of Jassim Saif Ahmed Al-Sulaiti, Qatari Mi


Dubai Internet City launches Russian centre for digital innovations

Dubai Internet City (DIC), the Middle East’s leading technology business community, has launched the first Russian Centre for Digital Innovations and Information and Communication Technologies. The centre, facilitated by the Russian Export Centre (REC), is one of the larges


Dubai FDI hosts talks on investment

UAE government officials, key global investors and other private sector entities recently discussed the latest achievements and regulations within Dubai’s investment community at an event recently held in Dubai, UAE. In line with Dubai’s economic vision to further enh


DAE leases 3 new Boeing 777 freighters to Russian firm

Dubai Aerospace Enterprise (DAE), one of the largest aircraft leasing companies in the world, said that its leasing division DAE Capital and Moscow-based cargo airline AirBridgeCargo have entered into a purchase and leaseback agreement for freighter aircraft. The agreement is for

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