Arabian Cement Company has reported a net profit of SAR 23.60 million for the first quarter of 2025, representing a significant 56.45% decline from SAR 54.20 million during the same period in 2024. The company’s earnings per share (EPS) decreased to SAR 0.24 in Q1-25, down from SAR 0.54 in Q1-24, according to the financial...
UAE-based food packaging company Hotpack has announced the establishment of its first manufacturing and distribution hub in North America, located in New Jersey. This strategic move aims to enhance service delivery to its US customers and reflects the company’s commitment to innovation and environmental responsibility in the global packaging market. Last week, Hotpack, in collaboration...
UAE-based food packaging company Hotpack has announced its decision to establish its first manufacturing and distribution hub in North America, located in New Jersey. This move is aimed at improving service delivery to Hotpack’s customers in the United States and underscores the company’s commitment to innovation and environmental responsibility in the global packaging industry. Last...
Saudi-listed Advance International Company for Communication and Information Technology (AICTEC) has entered into a memorandum of understanding (MoU) with the Chinese firm ZKTeco to establish a new factory in Saudi Arabia. Under this agreement, ZKTeco will hold a 60% stake in the joint venture, while AICTEC will retain the remaining 40%. The total capital for...
Siderise Group, a UK-based provider of fire protection solutions, has launched a new manufacturing facility in Dubai, United Arab Emirates (UAE). This facility marks Siderise’s first production site outside the UK, enhancing its operational capacity in the region. The new site will initially focus on producing the RH25-120/90 open-state cavity barrier, which is designed for...
The Abu Dhabi National Oil Company (ADNOC) has introduced ‘Make it with ADNOC,’ a mobile app aimed at enhancing local manufacturing and supporting the UAE’s industrial growth under the national ‘Make it in the Emirates’ initiative. This app provides manufacturers, small and medium enterprises (SMEs), and entrepreneurs with real-time access to ADNOC’s procurement pipeline, creating...
Tokai Optical, a leading Japanese company specializing in medical lenses, has officially started its manufacturing operations at the Sharjah Airport International Free Zone (SAIF Zone). The company’s new facility, which spans 4,300 square feet, was inaugurated earlier this year with an initial investment of over AED 8 million. The factory’s first phase aims to produce...