July 2022 (Volume 31 Issue 7) DP World unit ups stake in PST Sales & Distribution in Botswana
Imperial, owned by DP World, a leading provider of worldwide smart end-to-end supply chain logistics, said its market access business has increased its stake in PST Sales & Distribution (PST) in Botswana, from 38% to 72%.
Kamal bin Ahmed Mohammed named GPIC chairman
Nogaholding Chairman Shaikh Nasser bin Hamad Al Khalifa has issued an edict appointing Eng Kamal bin Ahmed Mohammed as the Chairman of the Gulf Petrochemical Industries Company (GPIC) board.
Qatar logistics leader GWC posts $31.53m H1 2022 net profit
Gulf Warehousing Company (GWC), Qatar’s leading logistics and supply chain solutions provider, has reported a net profit of QR114.8 million ($31.53 milion), for the six-month (H1) period ending on June 30, 2022.
Alba backs Ras Sanad Mangrove Nursery Project
Alba Chief Executive Officer Ali Al Baqali has announced the company’s financial backing to the National Initiative for Agricultural Development (NIAD) and the Supreme Council for Environment’s efforts in Ras Sanad Mangrove Nursery Project.
Adnoc Logistics & Services to acquire ZMI
LARGEST FLEET OF BARGES ZMI Holdings has announced that Adnoc Logistics & Services, the shipping and maritime logistics arm of Adnoc Group, has entered into definitive agreement to acquire ZMI.
Ericsson, Qualcomm and Thales to take 5G into space
Ericsson, French aerospace company Thales, and wireless technology innovator Qualcomm Technologies are planning to take 5G out of this world and across a network of Earth-orbiting satellites.
ADNOC unit acquires big Abu Dhabi jack-up barge fleet owner
ADNOC Logistics and Services (ADNOC L&S), a unit of Abu Dhabi National Oil Company, has announced the acquisition of Zakher Marine International (ZMI), the Abu Dhabi-based owner and operator of the world’s largest fleet of self-propelled jack-up barges.
ECI partners with HFZ and SAIF Zone to support exporters
Etihad Credit Insurance (ECI), the UAE’s export credit firm, has partnered with the Hamriyah Free Zone Authority (HFZA) and the Sharjah Airport International Free Zone Authority (SAIF Zone) to back Sharjah exporters and re-exporters.
DI unit Emirates Building Systems marks 25 years of success
Emirates Building Systems (EBS), a leading manufacturer of steel structures in the Middle East, said it has successfully completed 25 years in the business, further strengthening Dubai Investments' business portfolio in the steel sector globally.
Al Seer Marine to provide freight solutions for 3m T bulk cargo
Al Seer Marine (ASM), a unit of International Holding Company, is expanding in a big way to provide freight solutions for bulk cargoes globally through its subsidiary, ASM Chartering. This new firm aims to transport 3 million tonne bulk cargoes in 2022.
Mideast post service users 'targeted' by cybercriminals
A widescale phishing campaign targeting users in the Middle East by impersonating well-known postal services in Bahrain, Egypt, Kuwait, Qatar, Saudi Arabia, Israel, Jordan and the UAE, has been detected.
Toyota launches new LITE ACE in Middle East
Toyota has revealed the new LITE ACE in the Middle East, further building on its commitment to creating mobility for all and providing greater peace of mind for customers.
July 2022 (Volume 31 Issue 7)