Monday 16 September 2019

Aramco expands investment in China Free Zone

Saudi Aramco has signed an agreement with China’s Zhejiang Free Trade Zone, in which the Zhoushan Government emphasized its support for incentivizing Saudi Aramco’s greater investment in Zhejiang’s future downstream growth. The memorandum of understanding (MoU)


Non-oil ‘key to Kuwait economy growth in 2019’

Kuwait’s government spending should continue to support non-oil activity in the near term, preventing a sharper slowdown for the state, according to Economic Update: Middle East Q3 2019 produced in partnership by ICAEW and Oxford Economics. The extension of the Opec+ oil ou


Johnson & Johnson announces winners of innovation challenge

Johnson & Johnson, a leading healthcare company, has announced the winners of the Champions of Science Africa Innovation Challenge 2.0 at the 28th World Economic Forum on Africa (WEF) in Cape Town, South Africa. The six winning businesses and programmes offer bold, entreprene


Al-Futtaim Lexus opens greenest 3S facility in UAE

Al-Futtaim Lexus has announced the launch of its biggest and greenest 3S (sales, service and spare parts) facility in the country, as part of its commitment to eco-conservation and its support of the UAE Vision 2021. The facility, which reflects the new international “Corpo

More… introduces same day delivery in Saudi Arabia, a leading online retail and marketplace in the Arab region, announced that it has taken a step forward for e-commerce in Saudi Arabia by introducing a same day delivery service. Becoming the first e-commerce company in the kingdom to offer such a service, will


Sulzer holds workshop on its AWO technology

Switzerland-based Sulzer said that its latest one-to-one workshop on automated weld overlay (AWO) will show Middle Eastern businesses in the oil and gas sector how the technology can maximise the service life of their mass transfer solutions. Sulzer specialises in pumping solutio


Manufacturing adds $33bn to UAE non-oil GDP in 2018

The manufacturing sector's contribution to the UAE's non-oil GDP grew 2.5 per cent to Dh122 billion ($33.2  billion) in real prices last year from Dh119.7 billion ($32.5 billion) in 2017, according to figures revealed by the Federal Competitiveness and Statistics Authority.


Dubai FDI to lead investments promotion mission to US

Dubai FDI, the investment development agency of the Department of Economic Development (DED) in Dubai, has announced that it is all set for its next investment mission to Houston and  Denver in the US.   The mission will take place from September 7 and will


Agri tech market seen hitting $700bn by 2030

The technology segment for the agriculture industry is expected to jump from a market size of $135 billion today to around $700 billion by 2030, representing a 15 per cent compound annual growth rate, UBS Global Wealth Management's Chief Investment Office in its latest report.


Airbus opens 500-person IT facility in India

Airbus India has inaugurated a 500-person, state-of-the-art office in Bengaluru, India to help advance the group’s fast-expanding information technology and digital capabilities across its global operations. The new Information Management Centre underscores Airbus’ ef

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