$600m INVESTMENT
Gulftainer, a UAE-based port operator, has finalised a 50-year concession deal to operate and develop the Port of Wilmington. With a $600-million investment, the company aims to turn the port into one of largest gateways on the US East Coast.

Alstom has launched StationOne, the first online marketplace dedicated to the railway sector, connecting professionals whose aim is to improve their operational performance, at InnoTrans in Berlin

ASSETS HIT $226bn
Mubadala, the Abu Dhabi-based investment and development company, reported a group profit of Dh10.9 billion ($2.9 billion) for the first half of 2018, driven by revenues from public equities and petroleum companies.

SR Technics, a leading maintenance, repair and overhaul (MRO) service provider with major presence in the UAE, has signed an agreement with Skymark Airlines to provide engine MRO services for the Japanese carrier’s CFM56-7B engines.

Over 6,000 factories across the country will benefit from the UAE Cabinet's recent resolution to support the industry sector by introducing reduced fees of electricity consumption for large, medium and small factories, a media report said.

Dubai’s Roads and Transport Authority (RTA) has exhibited key mass transit projects & initiatives at the ongoing 12th edition of International Trade Fair for Transport Technology (InnoTrans 2018) in Berlin, Germany.

RSA National, the joint venture between US-based air cargo operator National and UAE-based multimodal 3PL specialist RSA Global, has launched a new air cargo terminal airside at Dubai World Central (DWC), a media report said.

Adnoc Refining, a subsidiary of the Abu Dhabi National Oil Company (Adnoc), has reached full production of polymer-grade propylene from its newly commissioned Propane Dehydrogenation (PDH) unit, a media report said.

Leading Japanese industrial company Asahi Yukizai Corporation has set up its regional base in Dubai Airport Freezone (Dafza). The new office will play a key role in expanding its business across the Middle East and North Africa region.

Fertilizer industry has a crucial role to play in addressing global food security challenges, as the world’s population continues to expand rapidly, driving demand for nutrition and resource availability, said experts at a key event in Oman.

Specialty chemicals company Lanxess has announced plans to build a compounding facility at its Krefeld-Uerdingen site, Germany, for a mid double-digit million euro amount. The work is likely to begin in the fourth quarter of 2018.

Sabic, the world’s third largest diversified petrochemicals company, has signed an agreement with Clariant towards taking steps to establish certain elements of its Specialties business as a stand-alone business.