Regional News
March 2021

Despite the global pandemic and its effect upon the aluminium sector, Aluminium Bahrain (Alba) released positive results for the final quarter and full year of 2020, last month. In the fourth quarter of 2020 Alba reported a profit of BD32 million ($85.1 million), up by 132 per cent year-on-year (YoY) as against BD13.8 million ($36.






March 2021

The total number of small and medium enterprises (SMEs) registered in Oman’s Authority for Small and Medium Enterprises Development till January 2021 stood at 49,337, compared to 43,134 in January 2020, an increase by 14.4 per cent. Among the governorates, the Governorate of Muscat topped the list with 33.






March 2021

The UAE has been ranked first in the Middle East and Africa region in terms of the number of new foreign direct investment (FDI) projects in the country’s biotechnology sector.






March 2021

French apple exports to the Mena region have increased by 16.43 per cent between August 2019 and July 2020, (compared with 2018-2019), representing approximately 11 per cent of total French apple exports.






March 2021

Halcon, a regional leader in the production and supply of precision-guided weapons, has unveiled SkyKnight – the first UAE designed and manufactured counter-rocket, artillery, and mortar (C-RAM) missile system.






March 2021

Naqel, one of the largest domestic logistics service providers in Saudi Arabia, has created through its subsidiaries in Europe, the Speed Box, which offers integrated logistics services from door to door from all the European Union cities to all the cities of the Kingdom.






March 2021

Edge, the UAE’s advanced technology group for defence, has signed an agreement with Lockheed Martin, the US-based global technology leader, to explore industrial participation opportunities across the UAE’s aerospace and defence industry.






March 2021

Tawazun Economic Council and Thales Emarat Technologies, have announced the launch of a Radar Center of Excellence in accordance with the UAE Strategic Vision. Thales Emarat Technologies is a fully integrated local entity that intends to assist sustainable technology transfer and support the creation of local jobs and careers.






March 2021

The value of Bahrain’s exports of national origin increased by 25 per cent to BD200 million ($527.5 million) during January 2021, compared to BD160 million for the same month of the previous year, a report said.






March 2021

Netherlands-based MTD has joined hands with Madaeen Al Doha, a leading business group in Qatar with interests in key sectors such as contracting, services, sports, media, food and beverage, entertainment and technology, to set up its first regional company, MTD Middle East Central Trading & Contracting, in Doha.






March 2021

Canada and the UAE have reached a new milestone in agrifood trade with the UAE importing a record AED2 billion ($544 million)  of canola seeds and wheat from Canada in 2020.






March 2021

EPI, the precision engineering backbone of the UAE’s aerospace and defence industry, announced that it is joining forces with the Mohammed Bin Rashid Space Centre (MBRSC), home to the UAE National Space Programme, to manufacture key components for its new satellite project MBZ-SAT.






March 2021

Oman’s strategically located and well-equipped ports, offering end-to-end comprehensive logistics solutions, have witnessed a surge in their operational and commercial business despite the impact of Covid-19 on the global trade.






March 2021

Dubal Holding’s recent decision to acquire a majority stake in OSE Industries, a highly specialised aluminium extrusion producer based in Dubai, is a major vote of confidence in the UAE economy, said Dubai Industrial City, the region’s largest manufacturing and logistics hub.






March 2021

The total number companies operating in the UAE free-trade zones grew by 4.4 per cent to around 60,600 by mid-February 2021, compared to end of the same month last year, according to the UAE’s National Economic Register (NER).






March 2021

GFH Financial Group (GFH) has acquired a mission-critical distribution facility in Chicago, Illinois, which has been leased since November 2015 to blue chip tenant, Michelin North America, an international tyre brand.






March 2021

Dubai’s trade with Indonesia stood at AED5.4 billion ($1.47 billion) in the year 2020, Ahmed Mahboob Musabih, Director General of Dubai Customs revealed, as he received Hussein Baqis, Indonesian Ambassador to the UAE, to discuss means to develop mutual trade and investment cooperation.






Tags