MoIAT, EDGE DEAL
The UAE Ministry of Industry and Advanced Technology (MoIAT) and EDGE have signed a memorandum of understanding (MoU) to establish the UAE’s first Industry 4.0 Enablement Centre.

PROJECTS TO CREATE 2000 JOBS
Buoyed by the ambitious objectives of the National Investment Strategy, the Ministry of Investment of Saudi Arabia (MISA) has signed 49 major investment deals worth at least $925 million in the second quarter of 2022.

Emirates Development Bank (EDB) mobilised AED2.4 billion ($653 million) in loans to the UAE’s industrial sector in the first half (H1) of 2022, marking a 418 percent increase compared to the AED464 million approved in 2021.

The World Union of Wholesale Markets (WUWM) Conference 2022, which will be held in the Middle East for the first time in October, offers an important opportunity to reshape global food systems, according to organisers and attendees.

Oman’s Public Establishment for Industrial Estates (Madayn) is now offering its services to investors in Al Wadi Al Kabir Industrial City following the completion of groundworks for the management and operation of the industrial city.

Dubai’s Roads and Transport Authority (RTA) has signed an agreement with Ministry of Education (MoE) to enhance the academic and professional skills of Emirati students by offering them scholarship programmes.

A record of 89 ships carrying a total net tonnage of 5.2 million tonnes passed through Egypt's Suez Canal in both directions on Saturday (August 6), the highest daily traffic rate in the international waterway's history.

Siemens Smart Infrastructure (SI), the frontrunner in digital buildings, has completed the acquisition of Brightly Software, a leading US-based software-as-a-service (SaaS) provider of asset and maintenance management solutions.

dnata, one of the world’s largest air and travel services provider, has extended its long-standing partnership with GOL Airlines (GOL), a leading Brazilian low-cost carrier.

Dubai Chambers has announced a leadership change with Hamad Buamim, President and CEO, moving on after 16 years of exceptional service.

$922m MENZIES ACQUISITION
Agility, a supply chain services and infrastructure company, has finalised its acquisition of UK-based John Menzies and will combine the business with its National Aviation Services (NAS) unit to create a world leader in aviation services in 58 countries.

Dubai Multi Commodities Centre (DMCC) has concluded its Made for Trade Live roadshow in Chennai and Kerala, India, where it highlighted the benefits of doing business in Dubai for Indian firms looking to expand globally.