Sunday 16 February 2025
 
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AquaChemie opens advanced chemical facility in Kezad

Khalifa Economic Zones Abu Dhabi (Kezad Group), one of the largest operators of integrated and purpose-built economic zones in the region, today (February 12) announced the opening of AquaChemie Global Chemicals' new facility within its integrated economic ecosystem. 

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Honeywell to separate Automation and Aerospace

Honeywell, an integrated operating company serving a broad range of industries, has announced that its Board of Directors has completed the comprehensive business portfolio evaluation launched a year ago and intends to pursue a full separation of Automation and Aerospace Technologies. 

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EDGE sets up Powertech to produce aero engines

EDGE, one of the world’s leading advanced technology and defence groups, has announced the launch of Powertech, a new company focused on the development and production of high-performance aero engines and complete propulsion systems.    With a clear a

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Tasaru, Bahri, and Mosolf set up automotive logistics JV

Tasaru Mobility Investments, a prominent investment entity wholly owned by the Public Investment Fund (PIF) of Saudi Arabia, has launched a strategic joint venture (JV) in collaboration with Bahri, the National Shipping Company of Saudi Arabia, and Mosolf Group, a leading European provider of a

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IMI starts work on first Saudi-built jack-up rig for ARO Drilling

International Maritime Industries (IMI), a maritime construction and repair company and the largest maritime facility in the Mena region, has commenced construction of a new offshore jack-up rig, Kingdom 3 for Aramco Rowan Offshore Drilling (ARO Drilling).   Thi

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Boeing to showcase cutting-edge defence solutions at Idex

Boeing will present its advanced defence and security capabilities and services at the International Defense Exhibition and Conference (IDEX 2025) in Abu Dhabi from February 17 to 21.    “IDEX is a key opportunity to engage with partners across the re

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Saudi Steel Pipe unit lands $243m Aramco supply contract

Saudi Steel Pipe Company has announced that one of its key units has secured a SAR910 million ($243 million) order from Saudi oil giant Aramco for the supply of Longitudinal Submerged Arc Welding (LSAW) pipes.   As part of the contract, its consolidated subsidia

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Aramex delivers double-digit revenue growth to $1.7bn

Aramex, a leading global provider of comprehensive logistics and transportation solutions, reported a strong performance in the last quarter of 2024, with revenue up 11% YoY to AED1.7 billion ($462.84 million) in Q4, bringing full-year revenue to AED6.3 billion ($1.715 billion), also up 11%.&

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Emsteel delivers $2.26bn in revenue for 2024

Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, has delivered total revenues of AED8.3 billion ($2.26 billion) for financial year 2024, approximately 6% lower than the AED8.9 billion reported for 2023.   

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NMDC records $7bn revenue in 2024; net profit up 44pc

NMDC Group, an integrated energy and marine services and engineering, procurement and construction organisation based in Abu Dhabi, has delivered solid results for FY 2024, achieving an exceptional 57% year-on-year growth in its revenues hitting AED26.3 billion ($7.2 billion). &n

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