Regional News
July 2019

SAUDI Aramco said it has signed an agreement with Hyundai Heavy Industries (HHI) and Saudi Arabian Industrial Investments Company (Dussur) to jointly set up a company that will manufacture world class engines and also provide after-sales service in the kingdom.






July 2019

OMAN Shipping Company (OSC), a member of the Asyad Group, has announced the signing of an agreement with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) to build three very large crude carriers (VLCC) as part of a fleet renewal strategy.






July 2019

DUQM Naval Dockyard (DND) has completed its first dry docking project, the repair, overhaul and dry docking (ROH DD) of the fast expeditionary transport ship – the USNS Choctaw County.






July 2019

ALUMINIUM BAHRAIN (Alba), known for its strong safety culture, has launched its special summer Safety Campaign, in line with the CEO’s 2019 expectations, under the theme “Safety Gateway.






July 2019

OMAN’S Public Authority for Small and Medium Enterprises Development (Riyada) and Khimji Ramdas’ Eshraqa have recently signed a memorandum of agreement (MoA) to enhance the productivity and impact of SMEs. The MoA will also enhance the partnership between the public sector and the private sector, a statement said.






July 2019

THE Arab Brazilian Chamber of Commerce (ABCC) discussed different ways of boosting trade cooperation between Egypt and Brazil during its participation in the recent Economic Forum Brazil-Egypt, which was held at the Four Seasons Hotel in Cairo, Egypt.






July 2019

SAUDI ARAMCO, a global integrated energy and chemicals company, and Air Products, a leading industrial gases company, inaugurated the first hydrogen fuelling station in Saudi Arabia at Air Products’ new Technology Center in the Dhahran Techno Valley Science Park.






July 2019

HORECA TRADE, one of the leading foodservice distributors in the UAE, has announced that it will resume operations under the Bidfood name starting July.






July 2019

THE detailed masterplan of the new 52-million-sq-m integrated economic city in Barka, Oman, will be unveiled soon by Khazaen Economic City (KEC), the master developer. Khalid bin Awadh Al Balushi, CEO of KEC, was quoted by Oman News Agency as saying that work on the detailed designs of the city has reached a very advanced stage.






July 2019

EMIRATES Global Aluminium (EGA) has announced that it had achieved Dh20.8 million ($5.7 million) in cost savings through its suggestion scheme during the first half of 2019. Starting from this year, EGA employees have put forward over 14,000 ideas to help reduce costs and improve processes at the company’s worksites.






July 2019

SAUDI Arabian Military Industries (SAMI) has signed a term sheet agreement to acquire 100 per cent ownership in Advanced Electronics Company (AEC), an offset programme company.






July 2019

UAE moves up in FDI ranking THE United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2019 has ranked the UAE 27th globally in terms of attracting foreign direct investment (FDI), three positions up from 2017. According to the report, the UAE attracted $10.






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