Regional News
June 2020

Aluminium Bahrain, the world’s largest aluminium smelter ex-China, has generated a net profit of BD5.7 million ($15.3 million) for the first quarter, compared to a loss of BD15.8 million ($42 million) in Q1 2019. Announcing the results for the first three months, Alba said its revenue grew by 36 per cent in Q1 to hit BD276 million ($733.






June 2020

Almajdouie Logistics, one of the leading logistics firm in the Middle East, has recently completed a massive heavy lift operation, transporting cargo measuring 20.85 x 5.43 x 10.00 metres (L x W x H) and weighing 81 tonnes from Dammam’s Second Industrial City to Ras Tanura in Saudi Arabia.






June 2020

The Ministry of Investment of Saudi Arabia (MISA) has reported 348 new international companies were granted licences to operate in the Saudi market in the first quarter (Q1) of 2020 in its latest Investment Highlights report.






June 2020

Strata Manufacturing, a subsidiary of Abu Dhabi-based Mubadala Investment Company, has announced a strategic collaboration with  technology firm Honeywell to produce N95 respirators at its facility in Al Ain City. N95 masks are respiratory protective devices that play an important role in filtering out airborne particles.






June 2020

GCC ethylene glycol (EG) export into India may be severely hurt as a result of an ongoing anti-dumping investigation targeting imports from Saudi Arabia, Kuwait, Oman, UAE and Singapore, according to the Gulf Petrochemicals and Chemicals Association (GPCA), the regional trade body representing the common interests of the chemical and allied industr






June 2020

The Kuwait Port Authority has joined hands with the Public Authority for Industry (PAI) for the design and construction of an industrial port in the south of the country, reported Kuwait News Agency (Kuna).






June 2020

ZonesCorp, the largest operator of purpose-built economic zones in the UAE, announced the opening of a factory that produces liquefied carbon dioxide (CO2), which is widely used in several food and manufacturing industries.






June 2020

AL Sahawa Cement Company (ASCC), a key subsidiary of Oman Cement Company, is set to invite bids by mid-July for two key tenders linked to the construction of a new $212 million integrated cement plant in the Special Economic Zone at Duqm region of the sultanate, said a report.






June 2020

The Bahrain Economic Development Board (EDB), the Kingdom’s investment promotion agency, has entered into a proactive initiative with GrowIN Portugal, a platform that helps entrepreneurs incorporate, fund, expand and move their startups to Portugal.






June 2020

LogiPoint, a leading logistics zones developer in Saudi Arabia, has established the first bonded corridor at Jeddah Islamic Port, connecting the Bonded and Re-Export Zone at Jeddah Islamic Port and King Abdulaziz International Airport to facilitate the multimodal movement of cargo.






June 2020

Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, has allocated AED20 million ($5.






June 2020

The Public Establishment for Industrial Estates (Madayn) has signed a memorandum of cooperation with Petroleum Development Oman (PDO) to establish an industrial city within the industrial and logistics complex in Marmul.






June 2020

The Sharjah Entrepreneurship Center (Sheraa), has established a $1 million solidarity fund to help startups that are under strain due to the coronavirus pandemic.






June 2020

Sharjah Research Technology and Innovation Park (SRTIP), signed a memorandum of understanding (MoU), with Intel, aiming for enhanced collaboration to implement initiatives and projects in the field of innovation and future technologies in Sharjah and the Northern Emirates, a Wam report said.






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