GCC market cap drops 3.8% to $801bn

GCC markets ended on a mixed note in September, led by volatility due to the outcome of the US Federal Reserve’s meeting, unstable oil prices, unexpected OPEC oil output cut, Deutsche Bank jitters, and uncertainty […]

Center Point Logistic invests Dh100m in UAE

The Centre Point Logistics (CPL), a leading provider of logistics, warehousing and storage facilities, is geared up to commence operations of the new state of the art warehouse at Dubai Logistics Corridor in Dubai South. […]

Hero rides into UAE; Al-Futtaim GCC distributor

Hero MotoCorp Ltd (HMCL), the world’s largest two-wheeler manufacturer, has appointed Al-Futtaim as distributor for the Gulf Cooperation Council (GCC) region. Colin Cordery of Al-Futtaim and Deepak Mokashi, Head – Global Business, Hero MotoCorp, today […]

Adnoc merges Adma-Opco and Zadco operations

Adnoc today announced its intention to integrate the operations of the Abu Dhabi Marine Operating Company (Adma-Opco) and Zakum Development Company (Zadco) into a single new company. This consolidation will enable efficiencies and synergies across […]

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