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KSA’s largest F&B manufacturing event gets under wayOver 500 global players from 35 countries are participating in the three-day SaudiFood Manufacturing show, which was opened on April 30 by Eng Majed Al-Argoubi, CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON). Opening the Food For More… |
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EDB, Sheraa and SCCI unveil unique Centre of ExcellenceEmirates Development Bank (EDB), Sharjah Entrepreneurship Centre (Sheraa) and Sharjah Chamber of Commerce and Industry (SCCI) have launched the Sheraa’s Centre of Excellence (CoE). The centre focuses on advanced manufacturing and consumer packaged goods (CPG). More… |
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SABIC reports $65.5m profit for first quarterSABIC, a global leader in diversified chemicals, has announced a net profit of SAR246 million ($65.58 million) for the first quarter of 2024, compared to a SAR1.73 billion loss in Q4 2023. Compared to the same quarter (Q1) in 2023, the net profit is down More… |
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Sharjah Chamber to dispatch trade mission to India on May 5The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Sharjah Exports Development Centre (SEDC), will embark on a trade mission to India on May 5, as part of its commitment to support and facilitate the exploration of investment opportunities available for both sides, a repo More… |
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Jeddah summit to discuss future-ready infrastructure solutionsWith the Middle East spearheading some of the most ambitious infrastructure projects in the world, including the $500 billion NEOM city project, the upcoming International Geotechnical Innovation Conference (IGIC 2024) in Jeddah is set to attract over 400 delegates More… |
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Petchem major Sabic shows resilience; swings to Q1 profitSabic, a global leader in diversified chemicals headquartered in Riyadh, has announced a total net profit of SAR246 million ($66 million) for the first quarter of 2024, when compared to a SR1.73 billion ($461 million) loss in Q4 2023. Compared to the s More… |
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Saudi inflation falls to 1.6pc in MarchInflation in Saudi Arabia decreased to 1.6% in March 2024 compared to the previous month, reports the kingdom’s General Authority for Statistics (GASTAT). The decline was mainly driven by Food & Beverages, which fell to 0.7% m-o-m in March, sai More… |
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Spark appoints Dave Lee CEO of Spark LogisticsKing Salman Energy Park (Spark), the leading industrial hub at the heart of the energy market, has announced the appointment of Dave Lee as the CEO of Spark Logistics. Spark Logistics is a joint venture between Spark and Hutchison Ports to operate a state-of-t More… |
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Presight snaps up 51pc stake in Abu Dhabi tech venture AIQPresight AI Holding (Presight), an Abu Dhabi-listed company, has announced that it has reached an agreement with AIQ, a disruptive advanced technology pioneer, for a major stake in the company. AIQ is a joint-venture between global energy leader Adnoc an More… |
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Cruise Travel Mart in Dubai draws 200 agents from across Middle EastThe third edition of Cruise Travel Mart, held in Dubai, drew over 200 agents from the Middle East, alongside representatives from 15 prominent cruise companies, solidifying its position as a pivotal gathering for cruise industry professionals in the region. At More… |
