Tag Archives: Middle East

Marsa LNG Plant Marks Groundbreaking Ceremony in Oman to Lead Energy Transition in the Middle East

(IN BRIEF) The Marsa LNG plant, located in Sohar, Oman, celebrated its groundbreaking on May 1, 2025, marking a milestone for the Middle East’s energy industry. TotalEnergies and OQEP are developing the plant, which will produce 1 million tons of … Read the full press release

Deutsche Bank Earns Multiple Accolades at The Asset Triple A Treasurise Awards 2025 for Exceptional Corporate Banking Services

(IN BRIEF) Deutsche Bank was honored with several awards at The Asset Triple A Treasurise Awards 2025, including Best Liquidity Management Bank and Best Structured Trade Finance Bank. The bank also received recognition as the Best Transaction Bank in China … Read the full press release

LEGO Group Strengthens Global Supply Network with Strategic Expansion and Enhanced Regional Operations

(IN BRIEF) The LEGO Group has structured its supply chain into regional networks, positioning factories and distribution centres across three continents. This system enhances responsiveness to market changes while reducing transportation emissions. Currently, the company operates six factories in Denmark, … Read the full press release

DHL and Temu Strengthen Partnership to Boost SME Growth Across Europe and Beyond

(IN BRIEF) DHL Group has signed an MoU with e-commerce marketplace Temu to deepen their partnership and support local SMEs in both established markets and growth regions such as Eastern Europe and the Middle East. By harnessing DHL’s global logistics … Read the full press release

CNMV Chairman Carlos San Basilio Joins OECD Bureau to Advance Global Corporate Governance

(IN BRIEF) The OECD Corporate Governance Committee, with Carlos San Basilio, CNMV Chairman, newly appointed to its Bureau, is dedicated to improving economic efficiency, sustainability, and financial stability through enhanced corporate governance policies and practices. It coordinates the Organisation’s efforts … Read the full press release

SFC Energy Secures Landmark Saudi Order to Power Off-Grid Surveillance with Clean Energy

(IN BRIEF) SFC Energy AG has landed its first order in Saudi Arabia by signing a contract with RESTART Limited Company for EFOY Pro methanol fuel cells and accessories, designed to power off-grid CCTV and public safety monitoring systems. After … Read the full press release

ANDRITZ Boosts Wisewoods Mill Capacity with New Pressurized Refining System in Thailand

(IN BRIEF) ANDRITZ has successfully launched a new pressurized refining system at the Wisewoods mill in Phetchaburi, Thailand, enhancing the mill’s production capacity for high-quality medium density fiberboard from rubberwood. The system’s high-efficiency technology improves fiber quality while reducing energy … Read the full press release

Barclays Appoints Vijay Shankar U.S. and Amaar Khan to Strengthen Corporate Bank in APAC & ME

(IN BRIEF) Barclays has appointed Vijay Shankar U.S. as Managing Director, Head of Global Transaction Banking, and Amaar Khan as Managing Director, CIO & Head of Corporate Banking Technology for its APAC and ME operations. Both will be based in … Read the full press release

Indra to Showcase Cutting-Edge Defence Technologies at IDEX 2025 in Abu Dhabi, Including New Pulse Joint Venture with Edge Defence Group

(IN BRIEF) Indra will debut its latest advancements in defence technology at IDEX 2025, showcasing its new joint venture, Pulse, created in partnership with the Edge Defence Group. Pulse focuses on developing next-generation radars for high-potential markets. Indra will also … Read the full press release

DHL Global Forwarding Advocates for ‘China Plus X’ Strategy to Strengthen Global Supply Chains

(IN BRIEF) DHL Global Forwarding’s latest white paper emphasizes the importance of adopting multi-shoring strategies, expanding beyond the traditional “China Plus 1” model to include several global regions. The “China Plus X” approach aims to diversify production and supplier locations, … Read the full press release

Saint-Gobain Completes Acquisition of FOSROC to Strengthen Global Leadership in Construction Chemicals

(IN BRIEF) Saint-Gobain has completed its acquisition of FOSROC, a major player in the construction chemicals industry, further expanding its global reach. The acquisition strengthens Saint-Gobain’s position in high-growth markets like India and the Middle East and aligns with its … Read the full press release

Vodafone Business IoT and Mobily Join Forces to Expand IoT Connectivity in Saudi Arabia

(IN BRIEF) Vodafone Business IoT has partnered with Saudi telecommunications leader Mobily to expand its IoT connectivity services in Saudi Arabia. This collaboration grants Vodafone Business IoT customers access to Mobily’s extensive network, ensuring secure and reliable connectivity for IoT … Read the full press release

Wood Achieves $920 Million in Contracts Across Middle East, Driving Energy Transition and Local Talent Development

(IN BRIEF) Wood achieved a record-breaking $920 million in contracts across the Middle East in 2024, covering key markets like Saudi Arabia, Iraq, and the UAE. Projects include pre-FEED work for Aramco, integrated design and construction support for TotalEnergies, and … Read the full press release

Eviden’s Trustway Crypt2pay Selected by SalisPay & CredoPay to Secure Payment Processing Across the Middle East and India

(IN BRIEF) Eviden, part of the Atos Group, has partnered with SalisPay and CredoPay to integrate its Trustway Crypt2pay Hardware Security Module (HSM) into the CenterFirst payment platform. Operating across Oman, UAE, Qatar, Saudi Arabia, and India, the solution ensures … Read the full press release

Wood Secures $17M Middle East Contract to Boost Efficiency and Slash Emissions in Petrochemical Sector

(IN BRIEF) Wood has secured a $17 million contract with a leading petrochemical company in the Middle East to improve efficiency and significantly reduce emissions at a manufacturing facility. Over the 18-month project, Wood will provide engineering, consultancy, and specialist … Read the full press release

Nokia and du Revolutionize Connectivity with First 5G Cloud RAN Deployment in Middle East and Africa

(IN BRIEF) Nokia and du have successfully launched the first commercial 5G Standalone Cloud RAN solution in the Middle East and Africa, marking a significant advancement in the UAE’s digital transformation goals. Utilizing Nokia’s flexible anyRAN approach, the deployment integrates … Read the full press release

ADNOC’s West Aquifer CO2 Storage Site Certified by DNV, Advancing Middle East Carbon Capture Goals

(IN BRIEF) ADNOC’s West Aquifer CO2 storage site in the UAE has received feasibility certification from DNV, marking a significant milestone in the Middle East’s carbon capture and storage (CCS) efforts. This certification validates the site’s potential for long-term CO2 … Read the full press release

Wood Strengthens Middle East Presence with New Engineering Hub in Sharjah, UAE

(IN BRIEF) Wood has expanded its presence in the Middle East with the opening of a new office in Sharjah, UAE, its third office in the country. The 18,625 square foot facility will serve as an engineering hub for operations … Read the full press release

PUMA Strengthens GCC Leadership with Key Appointments in Middle East and Turkey

(IN BRIEF) PUMA has announced leadership changes to bolster its presence in the GCC and surrounding regions. Johan Kuhlo has been appointed as Managing Director for the GCC, overseeing key markets like the UAE and Saudi Arabia, effective September 1. … Read the full press release

Alstom Strengthens Rail Capabilities in Africa, Middle East, and Central Asia with New Industrial Center in Türkiye

(IN BRIEF) Alstom has strengthened its rail capabilities in Türkiye by acquiring Duray Ulasim Sistemleri in Bursa and establishing an Advanced Industrial Center. The new facility, which employs over 200 people, will produce critical rail components and support Alstom’s global … Read the full press release