Tuesday 25 January 2022
 
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Investcorp's US real estate 2021 deal volumes surge to $4bn

Investcorp, a leading global alternative investment firm headquartered in Bahrain, announced that its New York-based real estate team participated in nearly $4 billion in deals last year, including both buying and disposition activity.    The group acquired

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GCC Services wins camp contract for major Uganda oil project

GCC Services, a leader in integrated remote site services, has been selected by engineering and construction giant McDermott to provide camp services for the Tilenga Project Upstream Facilities in the Lake Albert Basin of Uganda.   GCC’s work, to take plac

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Metso Outotec unveils massive mill discharge slurry pump

Finnish industrial major, Metso Outotec, has introduced its MDM900 mill discharge slurry pump, the latest addition to its flagship Mill Discharge (MD) Pump Series.    The massive MDM900 is one of the world’s largest mill discharge slurry pumps, design

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Saptco inks deal for key Saudi public transport project

Saudi Public Transport Company (Saptco) has signed a contract worth more than SR150 million ($40 million) with the Eastern Province Municipality for a major public bus transport project.    The project will be implemented in Dammam City and Al Qatif governo

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Saudi-Iraq trade volume tops $4.7bn in five years

The trade exchange volume between Saudi Arabia and Iraq amounted to SR17.7 billion ($4.71 billion) during the past five years with the two sides engaging in major joint projects, a report said. The areas of cooperation include energy, petrochemical industries, transportation, log

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Robert Wilt takes over as Saudi Ma’aden CEO

Saudi Arabian Mining Company (Ma’aden) has appointed Robert Wilt (Bob) as the new chief executive officer effective February 1.    He replaces Engineer Abdulaziz AlHarbi who has been named the new Deputy CEO, said the statement from Maaden.

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Hamriyah Free Zone attracts 9 new firms, $74m in 2021

UAE’s leading economic zone Hamriyah Free Zone Authority (HFZA) in Sharjah has attracted nine international companies from the US, African countries, India, and other parts of the world in the year 2021, a WAM report said. . These investments, spread o

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Oman's Madayn launches Industrial Innovation Academy

Oman’s Public Establishment for Industrial Estates, Madayn, has officially launched its Industrial Innovation Academy in the Knowledge Oasis Muscat.    The Academy has been set up to explore and study value-adding investment opportunities in various s

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Global air cargo volumes increase

Worldwide air cargo volume increased by +13% in week 2 of the last five weeks up till January 26 compared with previous week, said WorldACD, a major supplier of market data on the air cargo sector in a new report. Worldwide capacity remained stable week-over-week.  

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UAE supports CEM Global Ports Hydrogen Coalition

To accelerate low-carbon hydrogen deployment, the UAE and its leading ports have showcased steadfast support to the Global Ports Hydrogen Coalition, the first global forum that brings representatives from ports with decision-makers.    The UAE, represented

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