By embracing digital tools, AI, and sustainable practices, companies can optimize production, redefine their role, and propel themselves towards a more productive and sustainable future, suggests Bain & Company's report.
RAKEZ unveils ‘open yards’ to enhance business facilities
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) has launched ‘open yards’ as part of its comprehensive facility offerings. Located in the mainland area of Al Ghail Industrial Zone, these units are readily available for businesses seeking expansive and versatile spaces for their operations. With the introduction...
Saudi Arabia seeks US$26bn of investment in machinery, equipment sectors
Riyadh, Saudi Arabia-- Saudi Arabia is looking to attract some US$26 billion dollars worth of investment in the machinery and equipment sector, according to its Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef. AlKhorayef, who is also Chairman of National Industrial Development Center (NIDC), announced that the industry...
Saudi Arabia issues permits for projects worth US$1.1bn
Riyadh, Saudi Arabia—Saudi Arabia has issued permits for non-oil industrial projects worth $1.1 billion in August. The licenses issued in August were for chemicals, metals, machinery, furniture, home appliances and other light-medium products. Around 115 licenses were issued for non-oil industrial projects — 20 percent higher than those issued in...
Dubai Airport Free Zone non-oil trade up 36 percent in 2021
Dubai, UAE--- Non-oil trade of Dubai Airport Free Zone (DAFZ), part of the Dubai Integrated Economic Zones Authority (DIEZ), rose by more than 36 percent year-on-year in 2021 to more than AED162 billion, from AED119 billion last year. DAFZ contributed 10.7 percent to Dubai’s non-oil trade in 2021, exceeding expectations...
AD Ports, Hayat Biotech ink deal
AD Ports to support Hayat' global logistics and distribution.
Qatar’s Export Unit Value Index surges by 61 percent in Q1
Qatar’s Export Unit Value Index (EXUVI) has increased by 61.05 percent in Q1 2022 compared to Q1 2021. The Planning and Statistics Authority (PSA) released its Quarterly EXUVI for Q1 2022 as a new chain is added to statistical indicators calculated by PSA. The addition is as per the policy...
Deals worth $6.8m signed in Gulf Print and Pack 2022
Deals worth over AED 25 million ($6.8m) were signed in the Gulf Print and Pack 2022 event (GPP) held at the Dubai World Trade Center, as it ended on a high this week.Gulf Print and Pack 2022 concludes, records deals worth $6.8m
The Gulf Print and Pack (GPP) 2022 concluded at the Dubai World Trade Centre, recording deals worth more than AED 25 million. GPP organisers said the decision to move from a four-day show in past editions to a three-day event in 2022 was vindicated with daily attendance increasing by 15...
UAE Ministry of Economy receives 2,428 patent applications in 2021
The UAE's Ministry of Economy has received 2,428 patent applications in 2021, an increase of 26.7 percent from 2020 when 1,917 applications were received. In 2010, a total of 1,288 applications were received, compared to 157 in 2000. The total number of industrial model requests increased by 290 percent during...Anaam land sale nets $22.6m
The transaction will be reflected on Anaam’s Q3 financial results.
