Abu Dhabi-based International Holding Company (IHC) has recorded solid growth in its revenue for Q1 which surged to AED2.27 billion ($618 million) from AED1.563 billion ($425 million) last year driven by growth in the industrials and capital verticals.

EQUITIES, FUNDS DRIVE GROWTH
Abu Dhabi-based Mubadala has recorded the largest comprehensive income in the company's history of AED72 billion ($19.5 billion) for 2020, compared to AED53 billion the previous year, driven by significant growth in public equities portfolio and funds.

DP World and the Ministry of Transport of Ethiopia, have signed a Memorandum of Understanding (MoU) with the aim of developing the Ethiopian side of the road linking Ethiopia to Berbera.

Following an increasing demand for its products and services, as well as Specialist Services Group’s acquisition of HB Rentals assets outside the US, Labtech Services Limited have relocated to larger premises in Aberdeen to accommodate an increased Modul

GE Research, the technology development arm of General Electric (GE), has launched two projects that will involve creating “smart warehouse” facilities at two separate US military bases.

Huawei Cloud will provide ubiquitous cloud and intelligence to Middle East enterprises following Huawei’s partnership with Bespin Global, a leading cloud technology consulting and management company.

UAE-based wasl Properties has partnered with Ministry of Food and Water Security to launch a global hub for food start-ups. The Phase One of Food Tech Valley includes its headquarters, R&D facilities, innovation centre and a smart food logistics hub.

The Entrepreneurship Training Centre (ETC); an initiative led by the Bahrain Small and Medium Enterprises Society (BSMEs) in partnership with Tamkeen has announced its new edition of the Business Plan Competition 2021.

Aramex, a leading global provider of logistics solutions, has appointed Othman Aljeda as Chief Executive Officer (CEO)of the Company, replacing Bashar Obeid who submitted his resignation to the Board on April29

The Lifting Equipment Engineers Association (LEEA) has postponed its flagship event, LiftEx Bahrain, to March next year amid global uncertainities due to the Covid-19 pandemic. The event was to be held from September 27 to 28 this year in capital Manama.

Dubai Airport Freezone Authority (Dafza) has announced that its foreign non-oil trade reached more than AED119 billion ($32.4 billion) in 2020.

HEALTHCARE, FMCG DRIVE GROWTH
Aramex, a leading global provider of logistics solutions, has posted revenues of AED1.425 billion ($387 million) in the first quarter of the year (Q1) compared to revenue of AED1.152 billion in Q1 2020, reflecting an increase of 24%.