Over 750 CEOs and participants from 70+ countries will convene for dialogue and partnerships around food systems at the upcoming Future Food Forum in Dubai amid an AED40 billion ($10.89 billion) sector growth push in the UAE.
The UAE and Argentina have launched negotiations for a Comprehensive Economic Partnership Agreement (CEPA), on the sidelines of the 81st session of the United Nations General Assembly in New York.
Saudi Arabia Railways has signed an agreement with the Swiss Export Risk Insurance SERV and KfW IPEX-Bank, Commerzbank and UBS Switzerland to finance the purchase of 10 new passenger trains from Swiss manufacturer Stadler. The purchase is part of SAR’s strategic plans to boost its passenger fleet.
The ocean economy is valued at $2.6 trillion, making it the world’s fifth-largest economy if considered a country, said a new report, adding that the sector had doubled in real terms over the past 25 years, with gross value added rising from $1.3 trillion in 1995 to $2.6 trillion in 2020.
Mammoet, a global leader in engineered heavy lift sector, has successfully performed the first e-powered marshalling of a monopile in real-world conditions for the Baltica 2 Offshore Wind Farm project. It was completed in collaboration with Van Oord, and project developers Ørsted and PGE.
GAS Arabian Services has won approval from the company board of directors for the transfer of its entire 50% stake in FS Elliott Services Saudi Arabia to its joint venture FS Elliott Saudi Arabia. Following the deal, GAS will continue to hold an indirect 50% interest in FS Elliott Services Saudi Arabia through its JV.
Saudi-based East Pipes Integrated Company for Industry has announced that it sealed an agreement with global oil major Aramco for the manufacture and supply of steel pipes for use in its key projects in the region. The entire work will be completed within five months.
Saudi-listed Al Ashghal Al Moysra Company has announced that it had been awarded a contract by the Royal Commission for Jubail and Yanbu to provide warehouse operations and management services at the authority’s facilities in Yanbu.
Saudi Arabia Railways has signed agreements with leading international rail companies - Alstom as well as US groups Progress Rail and Greenbrier - for the manufacture and supply of locomotives and freight cars in support of the kingdom's Phosphate 3 expansion project.
Saudi Arabia Railways (SAR) has awarded a major contract to Hitachi Rail for the revamp of the Al Mashaaer Al Muqaddassah Metro Project, thus marking a significant milestone in the ongoing modernisation of railway infrastructure serving the holy sites in the kingdom.
