Regional News
November 2018

The Future Investment Initiative (FII) in Riyadh, Saudi Arabia, saw the announcement of more than 25 deals worth $56.5 billion, officials said. The announcements included some 12 “mega deals”.






November 2018

Saudi Arabian General Investment Authority (Sagia) reported a 90 per cent increase in the number of licences granted to foreign and domestic companies during the third quarter of 2018, compared to the same period in 2017, said a report.






November 2018

Abu Dhabi Customs has unveiled Mamar, a modernised online single-window platform to facilitate trade for Abu Dhabi across seaports at first, followed by land, air, and post. The platform has been launched in collaboration with Maqta Gateway, an Abu Dhabi Ports subsidiary.






November 2018

Saudi Arabian Mining Company (Ma’aden) has awarded a SR3.4-billion ($892 million) contract to South Korea’s construction giant Daelim Industrial Company to build the first plant in the company’s third large-scale phosphate complex (Phosphate 3) in the kingdom. This is the first of the Phosphate 3 plants to begin construction.






November 2018

Khalifa Industrial zone Abu Dhabi (Kizad) has launched an Entrepreneurship and Incubation Centre offering cost-effective work spaces, offices and licensing options to enhance the entrepreneurship and small and medium enterprises (SMEs) ecosystem in the UAE.






November 2018

DP World Limited handled 53.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2018, with gross container volumes growing by 2.6 per cent year-on-year on a reported basis and 3.7 per cent on a like-for-like basis. Gross like-for-like volumes declined by 0.






November 2018

Three Japanese start-ups representing sectors that include artificial intelligence (AI), media and healthcare have revealed their intention to expand into the UAE, according to the Japanese External Trade Organization (Jetro).






November 2018

The world’s consumption of raw materials is set to nearly double by 2060 as the global economy expands and living standards rise, placing twice the pressure on the environment that we are seeing today, according to a new OECD report.






November 2018

Dubai's Department of Economic Development (DED) said it had issued a total of 13,825 new licences during the first nine months of the year. The Business Registration and Licensing (BRL) sector of DED said among the new licences issued, 61.2 per cent were commercial, 36.4 per cent professional, 1.2 per cent related to tourism and 1.






November 2018

The UN Investment Promotion Awards (IPAs) has been presented to Bahrain Economic Development Board (EDB), as it demonstrated impressive performance in increasing investment. The IPAs is awarded for the capability to strengthen investment for countries to be able to realise the Sustainable Development Goals (SDGs).






November 2018

APM Terminals Bahrain, the operator of Khalifa Bin Salman Port (KBSP), has installed three new weighbridges at the kingdom’s prime port at Hidd, as part of its plans to streamlining its operations. The company’s investment in the three new weighbridges is aimed at enhancing its VGM (Verified Gross Mass) service offerings.






November 2018

Paras Scaffoldings and Formwork Accessories Company, which intends to boost its presence in the Middle East, is actively looking for business partners to promote its high-quality systems in the Gulf region.






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