Monday 26 February 2024

Tenaris opens new industrial complex in Abu Dhabi

Tenaris, a leading global steel pipe manufacturer and supplier, has announced the opening of its new industrial complex, Etihad Tubulars, in Abu Dhabi Industrial City. The 200,000-sqm industrial complex is set to generate technical and administrative job opportunities for UAE Nationals


Oman awards $2.6bn deals for Sultan Haitham City project

Oman's Ministry of Housing and Urban Planning has awarded RO1 billion ($2.58 billion) contracts for the development of Phase One of its mega project - Sultan Haitham City (SHC) - in Muscat.    Spanning an area of 5 million sq m, Phase One of Sultan Hait


Kuwaiti group ILC boosts crane fleet with record buy in 2023

Kuwait-based Integrated Logistics Company (ILC) said it had taken delivery of 31 Grove all-terrain cranes in 2023 – its largest number from Manitowoc, a premier provider of crawler, tower and mobile cranes for the heavy construction industry, in a single year.  


Shaker Group, LG mull AC compressor production in Saudi Arabia

Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group), a leading importer, manufacturer and distributor of air conditioners and home appliances, said it has reached an agreement with LG Electronics and the Ministry of Investment of Saudi Arabia (MISA) to manufacture AC compressors in the king


Debut smart city forum in Saudi Arabia draws top 100 speakers

The inaugural edition of the Global Smart City Forum held in Saudi Arabia ended on a successful note attracting over 100 speakers from 40 countries worldwide.    The event, held at the Riyadh Arena, was organised by the Saudi Data and Artificial Intelligenc


WCA joins the CBAM communication campaign

The World Cement Association (WCA) is working to support the roll-out of the EU’s Carbon Border Adjustment Mechanism (CBAM) by joining its stakeholder communication campaign.    The CBAM Regulation which entered into force on October 1, 2023 affects t


Equate Group posts $3.1bn revenue in 2023; net income down

Kuwait-based Equate Group, a global producer of petrochemicals and the world’s leading supplier of ethylene glycol, has reported a total revenue of $3.1 billion in 2023, compared to $3.9 billion in 2022.    Announcing the results for the 12-


Aamal's JV unit lands $329m Qatar cable supply contract

Aamal Company, one of the region’s leading diversified companies, has announced that its joint venture firm Elsewedy Cables Qatar has secured a QAR1.2 billion ($329 million) supply contract from Qatar General Electricity & Water Corporation (Kahramaa).  


25 Degrees launches in Dubai with its first villa on Palm Jumeirah

International entrepreneur and investor Dr David von Rosen has announced the launch of 25 Degrees – a new top-end Dubai-based developer co-founded with a Dubai-based family office – and the completion of its first luxury villa on the Palm Jumeirah.  


UAE and India lay foundation stone for new 'Bharat Mart'

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and Narendra Modi, Prime Minister of India, today (February 14) laid the foundation stone for Bharat Mart, a market and trading platform for Indian businesses in Dubai, during a ceremony hel

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