• Abu Dhabi investment group IHC posts $618m revenue in Q1


    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.

  • Mubadala posts record $19.5bn comprehensive income for 2020

    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 Govt of Ethiopia sign MoU


    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.

  • Labtech operates from new larger premises in Dyce


    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 launches initiative to create smart warehouses


    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 joins forces with Bespin Global


    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.

  • Dubai plans to set up food business park


    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.

  • New edition of the Business Plan Competition 2021 launched


    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 appoints Othman Aljeda as new CEO


    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

  • Lifting association's flagship Bahrain event postponed to March


    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.

  • Dafza's non-oil foreign trade exceeded $32.4bn in 2020


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

  • Aramex posts 24% surge in Q1 revenues to top $387m

    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%.

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Industry News

Abu Dhabi investment group IHC posts $618m revenue in Q1

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....


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News & Features - May 2021

Bahrain’s Labour Fund Tamkeen relaunched its Business Development Programme in February 2021, with major updates that are in line with its newly announced strategy...


Saudi Arabia’s Vision 2030 – five years since it was launched – is on the right...


In recent years, wind energy has become one of the most common renewable energy sources, leading the transition away from fossil fuels. The industry has...




The entrepreneurial ecosystem in the Middle East and North Africa (Mena) region is rapidly growing,...


A new radio wave-based analysis technology, developed by the Finnish high-tech company ColloidTek...


Panduit, a global provider of innovative electrical and network infrastructure solutions for ICT,...




In a major expansion drive that will boost exports of its products to newer markets, Al Bayader...


The global industrial robotics market will reach revenues of $38.3 billion in 2024 from $22.2...


Industry 4.0 is coming of age for the Bosch Group, a leading global supplier of technology and...




In the previous tech-talks, MH Hydraulics FZC, a leading hydraulic solutions provider in the Middle...




Events
GMIS forms organising committee for 2021 edition

The Global Manufacturing and Industrialisation Summit (GMIS) has announced the formation of the #GMIS2021 Organising...


Diary of Events
Diary of events

HARDWARE & TOOLS MIDDLE EAST June 7 to 9, 2021 The show presents manufacturers and suppliers with a platform to network, evaluate market trends...


Statistics
Statistics

Nearly $790bn in trade between Bahrain and KSA The Kingdom of Saudi Arabia (KSA) accounted for almost half of all GCC trade with Bahrain during the...











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