China-based Xinxing Ductile Iron Pipe Company has signed four contracts valued at a total of $47 million for significant projects in Kuwait, Iraq, Tunisia, and Jordan. This announcement was made through a company statement, highlighting the firm’s growing presence in the Middle East and North Africa (MENA) region. Waleid Gamal El-Dein, the Chairman of the...
Khazaen Economic City has finalized an investment agreement with Sohar Food & Beverage LLC to set up a beverage manufacturing facility in its designated Food City zone. This new project is valued at RO 8 million (approximately $20 million) and will cover an area of 15 000 square meters. The facility will focus on producing...
Kuwait Airways has entered into a partnership with Rolls-Royce PLC to improve the operational efficiency of its aircraft engine systems. This collaboration is part of the airline’s strategy to enhance its operations and adapt to the changing dynamics of the global aviation market. As reported by ZAWYA, Abdulmohsen Al-Fagaan, the chairman of Kuwait Airways, highlighted...
The Sharjah Police General Command has partnered with Emirates Post Group (EMX) to provide a new service that delivers vehicle ownership documents and driving licences directly to customers’ doorsteps. This cooperation agreement was signed with key officials present, including Brigadier General Dr Ahmed Saeed Al Naour, the Director General of Operations and Security Support at...
The AM Lab, a new start-up based in the UAE, is focusing on transforming the digital manufacturing landscape by helping manufacturers reduce the costs associated with purchasing machine parts that are typically available only from foreign suppliers. This innovative approach aims to create a more efficient supply chain for local manufacturers. The founders of The...
President Sheikh Mohamed has announced a significant commitment of $1.4 trillion in investments aimed at enhancing economic ties between the United Arab Emirates (UAE) and the United States. This announcement came during a visit from US President Donald Trump, who is currently concluding his Gulf tour in the UAE. The pledge reflects both nations’ intentions...
Financial institutions worldwide are facing a significant challenge as financial fraud has surged dramatically in 2023. Global losses from fraud scams and bank fraud schemes are estimated to be approximately $485.6 billion, underscoring the extensive financial impact of fraudulent activities. As schemes become more sophisticated, traditional detection methods are increasingly inadequate. To combat these evolving...
Mashreq Bank, a prominent financial institution in the MENA region, is focusing on digitalization to enhance customer experiences and drive business growth. According to Mashreq group CEO Ahmed Abdelaal, the banking industry is set to face significant disruptions driven by geopolitical instability, changes in customer expectations, and technological advancements. He emphasizes that Mashreq is adopting...
The UAE and the United States have signed an agreement to establish the largest artificial intelligence campus outside the United States. This new campus, with a capacity of 5 gigawatts for AI data centres, was announced during US President Donald Trump’s state visit to the UAE, which is part of a three-country tour that also...
WeRide, a leader in autonomous driving technology and publicly traded on NASDAQ under the ticker WRD, has announced the launch of fully driverless Robotaxi trial operations in Abu Dhabi. This marks the first deployment of its kind in the Middle East. Beginning this quarter, a fleet of WeRide’s Robotaxis will operate on public roads without...