Browsing: Business

In the largest locomotive deal in Siemens’ history, the German engineering company reported on Monday that it had signed a contract with the Indian government. The contract is for the supply and maintenance of freight trains. The contract is worth

From April to December 2022, India’s overall exports combining merchandise and services are expected to grow by 16.11 percent compared to the same period last year. Overall, the country’s exports during the period were estimated to be $568.57 billion US

Property transactions in Dubai exceeded $2.2 billion (AED8.1 billion) this week, according to Land Department data. A total of 2,574 real estate transactions were recorded during the week ending January 13. 221 plots were sold for $321.2m (AED1.18bn), while 1,889

DP World has partnered with A.P. Moller-Maersk (Maersk) to improve operational efficiencies, enhance customer service and reduce carbon emissions. Maersk will benefit from the long-term strategic partnership and will implement enhanced processes to improve quayside productivity, reduce bunker fuel consumption

This week, Goldman Sachs will embark on one of its largest rounds of layoffs since the financial crisis. As part of a restructuring plan, the bank started layoffs on Tuesday that will result in the loss of up to 3,200

Masdar has signed an agreement with the Kyrgyz Ministry of Energy to develop a pipeline of renewable energy projects in the country. The projects, with a total capacity of up to 1 gigawatt (GW), begin with a 200 megawatt (MW)

The Engineering Export Council (EEC) of Egypt announced that the sector’s exports were up by 10% to $3.32 billion from January through November of 2022, compared with $3 billion in the same period last year. As reported in the EEC’s

The UAE-India Comprehensive Economic Partnership Agreement (CEPA) contributed to an increase in Indian gem and jewellery exports of 8.26 percent in the current financial year, according to Vipul Shah, Chairman of the Gem and Jewellery Export Promotion Council (GJEPC). During

ADNOC, a reliable and responsible provider of energy with low carbon intensity, announced today a bold new strategy to decarbonize its operations globally. In November 2022, ADNOC’s Board of Directors approved its Net Zero by 2050 ambition and accelerated delivery

Dnata, a global air and travel services provider, has broken ground on its new 20,000 m2 cargo warehouse, which will expand its operations at Erbil International Airport (EBL). Up to 50 additional jobs will be created by the facility, which