EGA to acquire recycled aluminium producer LeichtmetallEmirates Global Aluminium, the largest ‘premium aluminium’ producer in the world, on Thursday announced the signing of a binding sale and purchase agreement for the acquisition of German aluminium recycling firm, Leichtmetall Aluminium Giesserei Hannover. More… |
Liebherr snaps up biggest Saudi order for 55 all-terrain cranesThe Liebherr Group, one of the largest construction machine manufacturers in the world, has announced that its Saudi unit has secured a major order of 55 new all-terrain cranes - the biggest order in the unit's history - from Arabian Machinery & Heavy Equipment Company (AMHEC). More… |
Long-term energy solutions 'key driver of change' in miningThe pressure on mining companies to find sustainable solutions, meet financial stability goals, and reduce environmental impacts is greater than ever before. Working towards a greener future, long-term energy solutions have emerged as a key driver of cha More… |
Mira Aerospace, VEDA Aeronautics offer HAPS solutions to IndiaUAE-based Mira Aerospace, a joint venture between Bayanat and UAVOS to develop and manufacture high altitude pseudo satellites (HAPS), and VEDA Aeronautics, an Indian aerospace and defence company involved in unmanned systems, have announced a collaboration to deliver the world’s most a More… |
Medlog to set up integrated logistics park at Jeddah portSaudi Ports Authority (Mawani) has announced that it has signed an agreement with Medlog, the logistics arm of Mediterranean Shipping Company (MSC), to establish an integrated logistics park within Jeddah Islamic Port at an investment of SAR175 million ($46.6 million). More… |
EGA progress on bauxite residue pilot plant reviewedDr Amna bint Abdullah Al Dahak, UAE Minister of Climate Change and Environment has reviewed the progress of Emirates Global Aluminium’s (EGA) construction of a pilot plant to convert bauxite residue into manufactured soil. EGA’s pilot plant More… |
DAE signs new $420 million 5-year unsecured term loanDubai Aerospace Enterprise (DAE), the global aviation services company, has signed a $420 million 5-year unsecured term loan with China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation Limited (CCB). The loan will support the future financing needs of the busines More… |
Over 70pc firms in ADGM plan workforce expansion in 2024A total of 70.81% of companies in the Abu Dhabi Global Market (ADGM) anticipate expanding their workforce during 2024, with 29.93% expecting sizeable increases and 40.88% planning moderate growth in staffing. This is according to a survey conducted by ADGM. Th More… |
Hype Luxury adds 500 super luxury cars to fleet in DubaiHype Luxury, a premier provider of luxury transportation services, has announced the addition of over 500 new top-of-the-line super luxury vehicles worth AED24 milllion ($6.54 million) to its fleet in Dubai. The fleet comprises an exquisite collection of super More… |
Dubai Chamber helps two firms enter global EV marketDubai International Chamber has supported the international expansion of two Dubai-based businesses which will launch innovative electric vehicles (EVs) in new markets. The chamber played a pivotal role in facilitating the partnership between ONE MOTO, a More… |