Monday 19 October 2020

Dubai's non-oil external trade hits $150bn in H1

Dubai recorded AED551 billion ($150 billion) worth of non-oil external trade in the first half (H1) of 2020, highlighting the emirate’s ability to minimise the impact of the pandemic-induced global economic slowdown on its trading sector. Imports accounted for AED320 billio


Bahrain fertile ground for startups: Shaikh Abdulla

‘Zainnovate’ not only provides ambitious youngsters with finding a source for finance but also assists them in their sustainable growth and performance, said Shaikh Abdulla Al Khalifa, Director, Communications & Investor Relations at Zain Bahrain.  


UAE-based NTS Group acquires Amega West Services

UAE-based NTS Group has acquired Amega West Services, a market leader in the manufacture, repair and rental of legacy and specialised drilling equipment used in offshore and land-based oil and gas extraction applications, from Carpenter Technology Corporation.   


Expo 2020 internship launched for Saudi nationals

The Kingdom of Saudi Arabia Pavilion at Expo 2020 Dubai has launched an internship programme to inspire young talented Saudi nationals to play a proactive and integral role in shaping the future of their country.   The initiative aims to give young people in the


Intertek awarded contract by NFSA

Intertek, a Total Quality Assurance provider to industries worldwide, has been awarded a contract by the National Food Safety Authority (NFSA) in Egypt to provide food certification services.    Food products and food contact materials are verified in the r


Besix, Jan De Nul win Fujairah port expansion project deal

Six Construct, a unit of global infrastructure major Besix, said its consortium with Belgian contractor Jan De Nul has been awarded the contract for the expansion of the Port of Fujairah, one of the world’s key oil storage centres and the second-largest ship-bunkering hub in the world.&


Axalta launches new powder coating for galvanized steel

Axalta Coating System, a global player in the coatings industry, has launched a new powder coating system Alesta AP QualiSteel for efficient and sustainable coating of galvanized steel.   “The innovative powder coating Alesta AP QualiSteel for the coating


Hub71 and Bpifrance to unlock investment opportunities

Hub71, Abu Dhabi’s global tech ecosystem powered by Mubadala Investment Company, has forged a strategic partnership with French national investment bank, Bpifrance.    The  partnership will strengthen joint efforts that boost innovation and provi


Pearl Initiative and KJC in strategic tie-up

The Pearl Initiative (PI), a leading non-profit organisation promoting a corporate culture of accountability and transparency, has announced that  Saudi-based Khaled Juffali Holding Co (KJC) will be joining its network of regional and international partners.  


Planned gas investments in Mena jump by 29%: Apicorp

Despite a global demand shock, the Mena (Middle East and North Africa) region’s committed gas investments held steady compared to last year with planned investments increasing by 29% to reach $126 billion.    This was mainly due to the strong ongoing

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