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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

SLG to build $54m facility

The facility is scheduled to open in 2025. (DIC)
  • Spanning 1.37 million square feet, the manufacturing and warehouse facility is set to open in 2025.
  • The new facility will meet the demands of B2B and B2C customers across the GCC, African market and Southeast Asia.

Dubai, UAE — Silver Line Gate Group (SLG), a milk power and bakery products supplier in the Middle East, will construct a new manufacturing, warehouse and corporate offices facility at Dubai Industrial City, a member of TECOM Group.

Spanning 1.37 million square feet, the AED200 million ($54.46 million) manufacturing facility is set to open in 2025.

SLG Group’s manufacturing base joins many food manufacturers and processing firms producing and exporting foodstuffs globally from the industrial hub. It is expected to create more than 300 jobs.

The new facility will meet the demands of B2B and B2C customers across the GCC, African market and Southeast Asia, and support the distribution of wholesale bakery products such as butter, whey powder, and vegetable shortening to bakeries, restaurants, ice cream manufacturers, hotels, caterers and other users across the UAE.

Speaking on behalf of Dubai Industrial City, Saud Abu Alshawareb, Executive Vice President of Industrial Leasing – TECOM Group, said that the UAE leadership underscores food security as one of its key priorities.

“With a growing volume of Dubai-based food manufacturers located in one address, Dubai Industrial City is leading the way for Dubai to cultivate a self-reliant food program,” he said.