• Egypt, Saudi sign $7.7bn deals; focus on infra, green energy


    Egypt and Saudi Arabia have signed 14 agreements worth $7.7 billion covering key sectors such as infrastructure, industrial, green hydrogen and renewable energy during the recent visit to Cairo by Saudi Crown Prince HRH Prince Mohammed bin Salman.

  • EGA to produce silicon metal in UAE

    KEY FOR PREMIUM ALUMINIUM
    Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, has announced that the company is to develop a project to manufacture silicon metal in the UAE, securing supplies of a key raw material for ‘premium aluminium’.

  • SANS teams up with Spain's Indra to develop virtual control towers

    NEW COOP DEAL WITH THALES
    Saudi Air Navigation Services (SANS) has sealed a partnership with Spanish air navigation giant Indra Sistemas to develop virtual air control towers as well as a cooperation deal with Thales Aerospace for a maintenance management system designed by SANS.

  • Saudi Arabia’s overall merchandise exports up 98pc in April


    Saudi Arabia’s overall merchandise exports increased by 98% in April compared to last year. Also the value of exports for the month rose to SR137.1 billion ($36.5 billion) mainly due to oil exports, which surged by 123% over April 2021, said a report.

  • China Construction Bank seals partnership deal with ADDX


    China Construction Bank has partnered with ADDX, a full-service capital markets platform with Monetary Authority of Singapore (MAS) licences, to help domestic investors in China participate in the country’s official offshore investment scheme.

  • Global powder coatings market to surpass $21bn by 2031: study


    The global powder coatings market is estimated to gain sizable growth prospects in the upcoming years owing to rise in the product demand from the automotive industry, notes an assessment by Transparency Market Research (TMR).

  • Aramex selects Rand McNally's connected vehicle platform


    Rand McNally, a leader in commercial transportation technology solutions, has announced that its connected vehicle Rand Platform has been chosen by Aramex to help optimise its fleet performance.

  • Etihad Rail signs $327m deal for passenger trains with CAF

    400-CAPACITY TRAINS
    Etihad Rail, the developer of UAE's rail network, has signed a AED1.2 billion ($327 million) agreement with Spanish group CAF for the design, manufacture, supply and maintenance of passenger trains as per the European standards for its new rail network.

  • Ifza Dubai to plant 10,000 mangrove trees by November


    Ifza Dubai, an international free zone in the UAE, has announced the launch of its Grow Initiative, a pledge to plant more than 10,000 mangrove trees by November 2022 in the Ifza Mangrove Forest at Jubail Mangrove Park.

  • DP World honours the owner of the world’s largest Dhow


    DP World has honoured Majid Obaid Al Falasi for his efforts in building the world’s largest wooden Arabic dhow, and encouraging the revival of the UAE’s traditional dhow trade.

  • Aquapak gets new Advisory Board to support its growth


    UK-based Aquapak Polymers Ltd, which specialises in polymer-based material technologies, has named its new Advisory Board, comprising business leaders and experts in material science and the environment.

  • ADFD participates in ‘Make in the Emirates’ forum


    The Abu Dhabi Fund for Development (ADFD) and its export-financing arm, the Abu Dhabi Exports Office (Adex), explored industrial sector opportunities and supported the national economy forum at the recent Make in the Emirates forum.

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Egypt, Saudi sign $7.7bn deals; focus on infra, green energy

Egypt and Saudi Arabia have signed 14 agreements worth $7.7 billion covering key sectors such as infrastructure, industrial, green hydrogen and renewable energy during the recent visit to Cairo by Saudi Crown Prince HRH Prince Mohammed bin Salman....






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News & Features - June 2022

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