RECORD ATTENDANCE
Dubai Airshow 2019 was hailed a success today (Thursday) by exhibitors, delegates and sponsors alike, as a lively week of trading came to a close with sales totalling $54.5 billion.

One hundred new firms have made their Dubai Airshow debut in 2019, with new arrivals on the defence, ATC, maintenance and supply fields all exhibiting for the first time at the show.

Kuwait's Al-Khair National Group (Al-Kharafi Group) has accepted a proposal by Al-Khair International Stocks Company (Bader Nasser Al-Kharafi) to purchase 29 per cent of Gulf Cable Company’s shares at a book value of around $500 million.

Kale Logistics Solutions, a trusted, global IT Logistics partner for Fortune 500 companies, has partnered with Khimji Ramdas, Information & Technology Division (KICT) to accelerate trade facilitation and strengthen its position in Oman.

Pratt & Whitney, a division of United Technologies Corp, has announced that GoAir has signed an agreement selecting the Pratt & Whitney GTF engine for the airline's order of 72 A320neo family aircraft.

Mubadala Investment Company, the Abu Dhabi-based sovereign investor, has renewed its partnership with Boeing, a leading aerospace company, to continue the highly successful joint-internship programme.

Oman-based Marafi, the wholly government-owned provider of port operation and management services, revealed that it sees potential for the deployment of first ‘road trains’ in Oman, said a report.

The Mohammed bin Rashid Fund (MBRF) of Dubai SME and First Abu Dhabi Bank (FAB) have formed a partnership to launch a new receivable financing programme for Emirati-owned SMEs in Dubai, said a report.

Island of Kalimantan has officially been set as one of six economic powerhouses in Indonesia by the government of Republic of Indonesia.

The Middle East and Africa (MEA) clinical services market’s value is expected to reach over $14 billion by 2023, according to a report by Wise Guy Research Consultants.

BIGGEST ACQUISITION
Investcorp, a leading global provider and manager of alternative investment products, today announced that its US-based real estate team has acquired a portfolio of 126 industrial properties for a total capitalisation of $800 million.

Dubai Cranes & Technical Services, a subsidiary of Dubai Investments, is participating in the Arab International Aluminium Conference (Arabal) in Bahrain showcasing its capabilities.