State-owned Saudi Arabian Military Industries (SAMI) signed an agreement on Monday with Spanish state-held shipbuilder Navantia to set up a joint venture to provide combat systems, the new partnership’s chief executive said on Monday.
The SANNI venture, the name of which stands for SAMI...
The new US$58.5 Million Air Cargo Area at Bahrain International Airport is set to welcome its first tenant as US-based FedEx Express recently signed a deal to move to the expanded freight complex at the Bahrain International Airport, further strengthening its operations as a GCC logistics...
Al-Ghazali Trade, MIDO Swiss Watches’ agent in Saudi Arabia, received the “Best Watch Presentation 2019” Award for MIDO watches among the agent groups of Saudi Arabia, Kuwait and Dubai. The celebration was held in the city of Prague of the Czech Republic, and in it the executive...
T Choithrams & Sons, the Middle East’s leading supermarket chain has signed a Memorandum of Understanding (MOU) with Future Consumer Limited (FCL), a major player in the food and Fast-Moving Consumer Goods (FMCG) market in India.
FCL and Choithrams have identified an...
Demonstrating its commitment to advancing growth of maritime industry and improving security in logistics business, Bahri, a global leader in logistics and transportation, is exhibiting at the 2019 edition of International Defence Exhibition (IDEX) and Naval Defense and Maritime Security...
Emirates NBD has tied up with noqodi, a leading payment gateway and financial service provider in the UAE, engineered by emaratech, to enable businesses to make electronic payments for a range of government services.
Through the new partnership, Emirates NBD’s corporate clients can...
ENOC Group signed a joint venture (JV) agreement with Proserv Egypt to set up ENOC Misr, its first on-ground operations in the lubricants sector in Egypt.
The agreement marks ENOC Group’s physical presence in Egypt as part of its wider plans to expand internationally into key...
Jabal Omar Development Company, one of the largest real estate developers in the Middle East and one of the largest listed companies in the Saudi stock market (Tadawul), announced a net profit of SAR 193.78 million for the year ending 2018.
The net profit increased by 245% due to off-plan...
Out of its belief in the need to educate the public on various useful issues, Red Sea Mall (RSM) recently hosted a number of social responsibility events, including an “awareness campaign on marine pollution”, an “awareness campaign on cervical cancer”, and a campaign...
Worldwide consumption of food and beverages will account for 8.9 per cent of GDP by 2030 – up from today’s 8.5 per cent - according to the Gulfood Global Industry Outlook Report 2019 released today at the world’s largest annual food and beverage trade exhibition.
With the...
