John Crane, a global leader in flow control technologies and a business of Smiths Group, has appointed Bedour Bubshait as its new Regional Procurement Manager, in a move that reflects both her career progression and the wider opportunities emerging across the kingdom’s industrial sector.
Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has established the Kenyan Business Council.
Saudi-based Red Sea Gateway Terminal International (RSGTI) has marked the inauguration of RSGT Bangladesh in Chittagong (Bangladesh), showcasing Saudi Arabia's growing footprint in the operation of ports and terminals.
Sohar Port and Freezone has announced the groundbreaking of its Zinc Recycling Industrial Park located on a 100,000 sq m site within its key development. Once operational, it is expected to produce 100,000 T of refined zinc ingots and 50,000 T of zinc oxide annually for customers across the region.
The UAE's non-oil foreign trade surged by 13% during the first half to hit nearly AED2 trillion ($527.5 billion), driven by a surge in exports, said a report. The country’s non-oil exports jumped 24% from a year to hit AED452.8 billion ($123.3 billion), accounting for 23.4% of total non-oil trade.
The Aqaba Container Port Company has reported strong operational performance during the first half of the year with the Jordanian company recording a total handling volume of 472,680 TEUs compared to 468,062 TEUs in the same period last year.
Honeywell Technologies has completed its £1.325 billion ($1.8 billion) all-cash acquisition of Johnson Matthey’s Catalyst Technologies business, strengthening its portfolio across refining, petrochemicals and renewable fuels.
Saudi Ports Authority (Mawani) has signed seven contracts worth a total of SAR1 billion ($262 million) with national and international companies for the construction and expansion of logistics centres at Jeddah Islamic Port and the Al Khumra logistics zone.
The Sharjah Electricity, Water and Gas Authority (Sewa) said it has completed a project to connect natural gas services to Dibba Al Hisn in the northern emirate. The work involved construction of a gas pumping station, a 46-km pipeline network as well as providing internal connections to 200 residences.
Global demand for smaller commercial jets will remain robust over the next two decades as passenger traffic continues to grow, according to leading Brazilian planemaker Embraer, which has forecast 8,500 new aircraft deliveries worth about $650 billion by 2045.
