Regional News
July 2021

The gross domestic product (GDP) of the GCC will grow by 2.1 per cent this year, after the 5 per cent contraction seen in 2020, a report said, noting as business confidence in the region has strengthened in recent months as coronavirus restrictions eased and vaccination rollouts progressed.






July 2021

The UAE Cabinet -- chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai --approved the National Agenda for Non-oil Export Development, an integrated framework for efforts to increase UAE's foreign trade, promote Emirati products and access new markets all over the world.






July 2021

After facing unprecedented changes in the wake of the Covid-19 pandemic, Small and Medium Enterprise (SME) confidence in Mena is on the rise, according to the latest research by Mastercard. The inaugural Mastercard Middle East and Africa (MEA) SME Confidence Index found 81 per cent of SMEs in Mena are optimistic about the next 12 months.






July 2021

Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, launched its first Environment, Social and Governance campaign ‘Achieving the Balance’ that focusses on Environment, Social and Governance (ESG) matters.






July 2021

The Emirates Nuclear Energy Corporation (Enec) has marked four years and more than 100 million safe man-hours without a Lost Time Injury (LTI) at the Barakah Nuclear Energy Plant, located in the Al Dhafra Region of Abu Dhabi, UAE.






July 2021

The Gulf Petrochemicals & Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf region, announced the re-election of its Chairman Yousef Al-Benyan, Vice Chairman and Chief Executive Officer of Saudi Basic Industries Corporation (Sabic), for a new three-year term.






July 2021

Naqel Express, Saudi Arabia’s leading express logistics and supply chain company with the largest seamless network, has officially opened its gateway facilities at King Abdulaziz International Airport (KAIA) as well as its new Pharma and Cold Chain warehouse facilities in Jeddah.






July 2021

DP World UAE Region, the leading smart trade enabler’s flagship Jebel Ali Port, carried out the export of 75,000 metric tonnes of rebar for Conares, a leading steel manufacturer in the Middle East. The consignment was shipped from the Jebel Ali Port to North America.






July 2021

Bano Puratos, a leading Belgian-Lebanese manufacturer and supplier of raw materials, utensils and machinery for the chocolate, ice cream, bakery and pastry industries, has announced plans to double its monthly production capacity at its plant in Sharjah Airport International Free Zone (SAIF Zone) from 300 tonnes to 600 tonnes in 2022 and later hit






July 2021

Voltas, a part of Indian business conglomerate Tata Group and a leading MEP contractor in the Middle East, said it has successfully commissioned its first solar project in Dubai at the Misterlight Electrical Installation Items Trading warehouse within the National Industries Park.






July 2021

GFH Financial Group (GFH) has announced the acquisition of a US-based warehousing and distribution logistics facility situated in Ohio and fully leased to FedEx in a transaction valued at $100 million. This takes the group's total logistics investments in the North America and Europe to over $300 million, said a statement from GFH Group.






July 2021

Beko, Europe’s leading home appliance brand, held a virtual showcase of its eco-friendly appliances. Arçelik’s CEO Hakan Bulgurlu, CMO Zeynep Yalim Uzun and CCO Ragip Balcioglu and with a special guest from the World Business Council for Sustainable Development, Brendan Edgerton, Circular Economy Director took part in the event.






July 2021

Rockwell Automation, a leading company dedicated to industrial automation and information technology, has opened its first ever training centre in Egypt.






July 2021

Five healthtech start-ups have officially become the first cohort of the Edison Accelerator in EMEA – a healthcare start-up and scale-up acceleration programme designed by GE Healthcare in partnership with innovation organisation Wayra UK.






July 2021

The stimulus packages provided by Dubai has resulted in growing the number of parks and economic zones registered by DP World, UAE Region, from 9,246 in 2019, to 9,603 in 2020, with a growth rate of 4 percent, a media report said.






July 2021

Gulftainer appoints new chief financial officer UAE-based Gulftainer, a leading global port operator, has appointed Javier Echeverria as its new Chief Financial Officer (CFO), marking the company’s next step towards continued growth and gloabl expansion.






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