GFH Financial acquires distribution facility in Chicago for $135 million
MANAMA: GFH Financial Group (GFH) announced the acquisition of a mission-critical distribution facility in Chicago, Illinois, which has been leased since November 2015 to blue chip...
Qatari Germany for Medical Devices evaluating plant expansion
DOHA, QATAR: Qatari Germany for Medical Devices Company (QGMD), a leading manufacturer of Medical Devices in the Middle East, is currently studying the extent of...
JCPDI and Hutchison Ports sign investment and operation agreement for JCDPI Port
RIYADH: The Royal Commission in Jubail and Yanbu, and Hutchison Ports signed an agreement to invest and operate JCPDI Port, which consists of world-class, multipurpose...
Avanceon gets solar power system contract for a Middle Eastern oil giant
DUBAI: Avanceon FZE, a subsidiary of Avanceon Limited incorporated in the United Arab Emirates, has been contracted to provide a comprehensive Solar Power System for...
Qatar Islamic Bank completes $100 million Islamic trade facility in MENAT with HSBC
DOHA: Qatar Islamic Bank completed with HSBC Bank Middle East its first Islamic Trade Facility in MENAT valued at USD 100 million, in January 2021....
Emirates Integrated Telecommunications posts net income of AED 1.44 billion
DUBAI, UAE: Emirates Integrated Telecommunications Company PJSC (EITC) published its financial results for the year ended 31 December 2020 reporting in 2020 a total Revenue...
Qatar Petroleum to develop world’s largest LNG project
DOHA: Qatar Petroleum is developing the North Field East Project (NFE), the world’s largest LNG project, which will raise Qatar’s LNG production capacity from 77...
Cellcom Israel files law suit against Xfone
NETANYA: Cellcom Israel Ltd. has filed a law suit against Xfone and its controlling shareholder for the enforcement of the network sharing agreement and payment...
Gulf Downstream Association appoints Khalid Hadi as acting Secretary General
MANAMA: The Gulf Downstream Association (GDA) announced the appointment of Mr. Khalid Hadi as Acting Secretary General. Mr. Hadi is a seasoned industry veteran who...
DP World reports 7.6% gross volume growth in 4Q2020 and flat growth for FY2020
DUBAI: DP World Limited handled 19.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 4Q2020, with gross container volumes increasing...
Elbit Systems gets $82mn contract from BAE Systems to supply Netherlands army
HAIFA, ISRAEL: Elbit Systems Ltd. announced it was awarded an approximately $82 million contract from BAE Systems Hägglunds AB to supply the Royal Netherlands Army...
Elbit Systems gets $46mn contract to supply APCs to a country in Asia-Pacific
HAIFA, ISRAEL: Elbit Systems Ltd announced it was awarded a contract valued at approximately $46 million to supply VBTP 6X6 Armored Personnel Carriers (APCs) to...