Under key terms of the offer, Arkan issued to Senaat a convertible instrument, which converted into 5.1 billion ordinary Arkan shares
The recently announced Operation 300bn strategy is set to be a game changer in transforming the nation’s manufacturing sector, opines Nidal Haddad, founder and CEO, Al Bayader International
The facility be geared to produce three billion tablets, 15 million syrup bottles and three million units of ointment annually
The company plans to start construction of the plant in Merida next year
EGA is the Middle East’s biggest aluminium producer and is equally owned by Mubadala and Investment Corporation of Dubai
The acquisition marks Agthia’s first entry into the processed protein industry
The new facilities include office spaces as well as e-commerce logistics units and multi-client warehouses
The ‘Life Sciences and Vaccine Manufacturing in the UAE’ is a joint project by the Abu Dhabi-based Group 42 and China’s Sinopharm CNBG
The expanded plant doubles its production capacity to 18,000 tonnes per annum to enable Al Bayader to export its products
The strategy aims to increase the industrial sector’s contribution to GDP from Dhs133bn to Dhs300bn by 2031
The Abu Dhabi Executive Council has mandated that at least 40 per cent of recycled materials be used in road and construction projects across the emirate
The facility is due for completion in early 2022
On day two, the UAE Armed Forces signed Dhs6.983bn worth of contracts with international companies, representing 95 percent of the total deal value for the day
UAE companies secured deals worth Dhs3.939bn, accounting for 78 per cent of the overall value of the agreements
The aluminium extrusion company is located in Dubai Industrial City
Using this aluminium from EGA will reduce BMW Group’s emissions by 222,000 tonnes of CO2 per year
Bahrain exports surge 12 per cent in Q4 of 2020 buoyed by manufacturing sector
Mohammed Abdul Rahman Al Mutawa, the first Emirati in the role, replaces Andrew Shaw
The specialised bulk storage terminal will have a total capacity of around 40,000 cubic metres
The consortium will be able to handle the logistics for over six billion doses of the vaccines manufactured around the world – whether in single or multi doses – in cold and ultra-cold conditions in 2021
A prototype has been printed and assessments will be performed on it before it receives the necessary approvals
The 17th edition of the event was scheduled to be held in January 2021
Infor WMS will manage MenaBev’s end-to-end warehouse operation
Remy Ejel, who has been with the company for over 20 years, has been appointed to the role
US-based food company General Mills recently launched the world’s first Old El Paso restaurant in Dubai
KBW Ventures joins funding round for US-based Bond Pet Foods
Philadelphia-based PCI provides a range of integrated pharmaceutical supply chain solutions
SABIC generated second-quarter sales of SAR24.62bn, down 29 per cent from the previous year
It has obtained a $765m loan from the US government to support its foray into the pharmaceutical business
The company has introduced its own e-commerce website, and sales through retailers’ online platforms are growing