ADOPTION OF NOVEL TECHNOLOGY
UN Industrial Development Organization has joined Lloyd’s Register Foundation and Global Manufacturing and Industrialisation Summit to develop the first industrial safety manifesto that offers a blueprint for a safer world through adoption of technology.

UAE-based Ducab Group, a leading cable manufacturer, has been awarded the full EPC contract to supply and install 400 kV cables and accessories to link Al Dhafra, the world’s largest solar plant in Abu Dhabi, with the emirate's main transmission grid.

The third edition of the Saudi Maritime Congress (SMC) will become a sought-after platform among industry stakeholders to address pressing concerns and tackle the biggest challenges the sector is faced with in the kingdom.

AD Ports Group’s Safeen Feeders and Saif Powertec Limited have signed a charter agreement that will see Safeen Feeders purchase and charter out three containerships, to support expansion of the Bangladesh-based entity into the container shipping segment.

Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters with more than 50 years of excellence, has debuted the first concrete pour for the foundation of Power Station 5 (PS5) Block 4 project, thus kicking off early works on PS5 project.

NON-OIL SECTOR UP 9%
The gross domestic product (GDP) of Bahrain grew by 6.95% in real prices and 22.87% at nominal prices, compared to the second quarter of 2021, according data issued by the Information & eGovernment Authority (iGA).

The National Bank of Bahrain (NBB) has launched an updated version of its Tamweel Al Watani lending scheme to enable a larger stake of Small and Medium Enterprise (SME) customers to benefit from the programme.

The 7th edition of the Gulf Petrochemicals and Chemicals Association (GPCA) Research and Innovation Conference has opened its doors to decision makers from private and public firms, value chain stakeholders, industry leaders and academia.

Etisalat UAE, branded as etisalat by e&, has launched the all-new business proposition ‘Business Pro’ that is aimed to meet the digital needs of businesses by providing benefits that will facilitate office, remote work and hybrid working.

Caracal, a leading small arms manufacturer, is showcasing a unique ‘Spirit of the Emirates’ pistol and a collection of superior custom hunting rifles at the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex 2022).

Saudi-based Qassim Cement Company has entered into a non-binding agreement with Hail Cement to acquire all of its issued shares through a share exchange offer. As per the deal, Qassim will paying 18.92 million newly issued shares to Hail's shareholders.

Emirates Steel Arkan said it is in talks with Japanese groups - Itochu and JFE Steel - for the construction of a ferrous raw material production facility in Abu Dhabi that would become an integral part of a global low carbon emission iron supply chain.