Regional News
April 2021

Dubai has adopted a five-year plan to increase the emirate’s foreign trade from AED1.4 trillion ($381.16 billion) to AED2 trillion ($544.51 billion), said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai.






April 2021

The UAE’s industrial exports in the first 10 months of 2020 were valued at AED84.2 billion ($22.92 billion), according to Federal Competitiveness and Statistics Centre’s figures.






April 2021

The Saudi Industrial Development Fund (SIDF), the kingdom’s main financial enabler for its industrial transformation, has approved 212 loans worth $4.5 billion in 2020. These loans were for a total of 201 companies involved in different fields such as industry, mining, energy, and logistic services.






April 2021

The amount of phosphate in Saudi Arabia’s Northern Border Region represents about 7 per cent of global reserve, a report said.






April 2021

Saudi Basic Industries Corporation (Sabic) has extended its contract with Tristar Group’s joint venture in Saudi Arabia, United Stars, for an additional period of two years. Tristar’s mandate will be to continue to transport liquid industrial gases to Sabic’s diverse portfolio of clients across the GCC.






April 2021

Construction of a sugar refinery – the first of its kind in Oman – at Sohar Port and Freezone will commence around mid-year, while work on a large-scale food processing cluster in the zone will kick off before the year-end, a report said.






April 2021

Dubai Airport Freezone Authority (Dafza) has achieved trade amounting to AED87.4 billion ($23.8 billion) during the first nine months of 2020, marking a 10 per cent contribution to Dubai’s trade and a trade surplus amounting to AED10.6 billion. Dafza, which is celebrating its Silver Jubilee year, highlighted an increase of 7.






April 2021

Ras Al Khaimah Economic Zone (Rakez) has introduced its e-gaming business set-up package, which supports investors in the fast-growing gaming value-chain such as software and hardware developers, publishers, streaming and support services providers.






April 2021

UAE-based Rubber World Industry (RWI), a leader in HVAC and MEP products, has launched United Air-Conditioning, a specialised company with an investment of AED90 million ($25 million) into a production plant in Al Jurf industrial area, Ajman.






April 2021

Saudi-Arabia-based LogiPoint has been declared winner of the ‘Supply Chain Hub of the Year Award’ at the prestigious ‘Logistics Middle East Awards, 2021’.






April 2021

Brazil’s trade balance with Arab countries recorded an increase of 12.5 per cent in January and February 2021 compared to its performance from the same months a year ago, posting a total value of $2.56 billion.






April 2021

The Royal Commission for Jubail and Yanbu (RCJY) has signed a memorandum of understanding (MoU) with the Saudi Aramco Entrepreneurship Center (Wa’ed) to support the establishment of petrochemicals start-ups in the cities affiliated with RCJY.






April 2021

UAE-based value-added food manufacturing firm Global Food Industries (GFI) has made new investments worth over AED30 million ($8.16 million) to reinforce its food production capabilities and launch its first-ever cooked food line plant in Sharjah.






April 2021

Dr Mohamed Abdullatif Khalifa Al Shehhi, General Manager – Ras Al Khaimah Human Resources Department (RAK HR), and Saji Oommen, Chief Information Officer, RAK Ceramics have won CXO 50 Awards, celebrating the Middle East’s leading technology innovators.






April 2021

Milagrow appoints new Global Business Director to fast-track growth in MEA Milagrow Robots, a leader in consumer robots, has expanded its management team with the appointment of TR Ganesh as the Director of Global Business.






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