Wednesday 1 February 2023

ABB E-mobility delivers millionth EV charger

ABB E-mobility has announced the delivery of its one millionth electric vehicle charger, the latest milestone in the company’s ongoing mission to enable an emission-free future through smart and reliable EV charging solutions.    In the UAE, ABB has s


Yokogawa makes $10m Series B investment in Ideation3X

Yokogawa Electric Corporation has made a $10 million Series B investment in Ideation3X Pte Ltd (i3X), a Singapore-based venture company that is targeting the rapidly expanding integrated solid waste management (ISWM) sector in India.    i3X adopts a process


New Norwegian consortium to develop complete hydrogen value chain

The multidisciplinary collaboration, for which a Memorandum of Understanding (MOU) was signed last week, has the ambitious goal to develop a complete hydrogen value chain for Northern Xplorer AS (NX) first zero-emission cruise ship featuring fuel cells and electric propulsion, as well as maki


Agthia Group net profit up 14pc to $67.25m in 2022

UAE-based Agthia Group’s net profit for 2022 rose of 14% year-on-year (YoY) to AED247 million ($67.25 million) and its net revenue increased 33% YoY to AED4.07 billion, with growth of 97% on a two-year basis.   According preliminary and unaudited results f


ADIO supports local expansion of global companies

Abu Dhabi Investment Office (ADIO) has announced its support for three innovative global companies as the UAE capital’s tech ecosystem begins 2023 in expansion mode. ADIO’s support of Ubisoft, Insilico Medicine and Applied AI Company (AAICO) will enhance Abu Dhabi&rsq


Dubai’s dhow trade sees robust 12% growth in 2022

The Marine Agency for Wooden Dhows, established in July 2020 by Dubai’s Ports, Customs and Free Zone Corporation (PCFC), facilitated the entry of more than 10,500 wooden dhows during 2022, reflecting a 12% year-on-year growth. Sultan Ahmed bin Sulayem, Chairman of the PCFC,


Alba CEO wins top National Safety Council recognition

Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, has announced that its Chief Executive Officer Ali Al Baqali has been named in National Safety Council’s (NSC) ‘CEOs Who Get It’ list for 2023, in recognition of his commitment to protect and elev


NEP is a launchpad for UAE-based specialists: Al Shamsi

The National Experts Programme (NEP) contributes to the development of 15 UAE-based specialists over a rigorous eight-month programme that combines academics, immersive work experience and mentoring.    Now in its third edition, NEP focuses on three strateg


BMMI to join Bahrain’s pavilion at Gulfood 2023

The BMMI Group will be showcasing various products including two of its own brands, Purely and Nature’s Origins, at Gulfood Exhibition at the Dubai World Trade Centre from February 20 to 24.   Participating for the first time, BMMI will be part of the Bahr


Aramco signs $7.2bn deals to advance Saudi industries

Saudi oil giant Aramco signed over 100 agreements and MoUs worth around $7.2 billion to help advance a diverse, sustainable and globally competitive industrial ecosystem on the opening day of the 7th edition of the In-Kingdom Total Value Add (iktva) Forum and Exhibition in Dammam. 

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