ADQ appoints new ADX chairman
The company also appointed two new Board directors.Company News Business
Germany ready to sell Eurofighter jets to Saudi Arabia: minister
"We do not see ourselves, as the German federal government, opposing British considerations on other Eurofighter (sales)," Baerbock told journalists...Business Geostrategy
UAE-led consortium gets $250m for gas plant in deal with DFC
The consortium, called Pearl Petroleum Company Limited, is led by Dana Gas and Crescent Petroleum, both of which are from...Pearl Petroleum’s financing from DFC is expected to boost its work at the Khor Mor gas plant in the Kurdistan Region of Iraq
Proceeds from the seven-year financing are expected to support an increase in gas production capacity at the plant by 50 percent
Belt and Road Initiative in GCC: A deep dive
The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road...Bilateral trade between China and GCC increased 180 percent from US$68bn in 2009 to US$190bn in 2019
Gulf imports from China totaled US$10 bn in clothing, textiles, and fabrics, accounting for 66 percent of Arab trade with China
Aramco to partner with Aveva for sustainability
Aramco, with this partnership, will focus on driving sustainability in the region through digital transformation.The partnership will help Aveva establish its largest digital hub, with R&D capability, in the Middle East
It will also enrich Saudi Arabia’s knowledge economy by incorporating research from prominent universities across the kingdom
Empower cools Uptown tower
Empower is servicing 3,850 RT at the skyscraper.DMCC was keen to build the Uptown project according to the Leadership in Energy and Environmental Design gold standards
As a result, it is now supplied with environmentally friendly cooling services of sustainable global standards
Chapman Taylor designs Jeddah park
The airport City Central Park is designed as a botanical garden.The Airport City in Jeddah is coming up adjacent to King Abdulaziz International Airport
It is being projected as an upcoming destination for visitors from across Saudi Arabia and the GCC region
Iran spends $620m to mechanize agriculture
That amount reportedly equals 87 percent of the total budget allocated to a credit line for agricultural mechanization.The money has been used to supply agricultural machinery, tools, and equipment
These have been supplied in fields like horticulture, livestock, poultry, and aquaculture
Donkey milk soap soaking up fans in Jordan
Although other regions around the Mediterranean produce soap from donkey milk, this is the first for JordanAlthough other regions around the Mediterranean produce soap from donkey milk, this is the first for Jordan
Donkey's milk is said to be rich in minerals and proteins that can help moisturise the skin
Bahrain’s digital transactions touch $3.62bn in H1
Bahrain’s central bank has revealed that cashless transactions in the country has surged 50 percent to $744 million in August, after...The total number of payments made online and through point-of-sale (POS) machines reached 11.3 million during the month
The first half of the year saw a total of 53 million cashless payments valued at $3.62 billion, posting a 45.6 percent growth rate
Hyundai speeds up auto roll-out
Hyundai is stepping up the pace of developing hydrogen technology and plans to offer engines powered by the fuel on...From 2023, Hyundai's third generation of fuel cells will be half the price, much smaller and more powerful than their predecessors
"We aim to help foster a worldwide hydrogen society by 2040"
Aramex creates two business arms
Company also creates regional structures, each headed by a VP.While Aramex Express will handle the business-to-consumer (B2C) operations, the Aramex Logistics will serve the business-to-business (B2B) segment.
Each region in new structure will be led by a regional vice-president.
