'REGIONALISE FOOTPRINT'
Industrial companies must regionalise their footprint, increase use of robotics for manufacturing and logistics, and change the cost model for production and sourcing in the new normal, says a study.

Oman's Public Establishment for Industrial Estates (Madayn) has announced the launch of its Vision 2040 which aims to create world-class business cities while at the same time maintaining the Omani identity to contribute to economic growth.

Liebherr Group, one of the largest construction equipment manufacturers in the world, said it has completed the delivery of 4 additional Liebherr ship-to-shore container cranes to NTB, one of the most important container terminals in the European Union.

GWC, a leading provider of logistics and supply chain solutions in Qatar, has reported a net profit of QAR236 million ($64.82 million) for the financial year 2020, with gross revenues reaching QAR1.233 billion at the end of 2020.

Emirates Global Aluminium has announced completion of a major periodic refurbishment of its Potline 3 at Al Taweelah, one of the longest and most productive potlines in the world.

Arab-Brazilian Chamber of Commerce (ABCC) has announced that its first webinar for 2021 will tackle the Arab region’s food security strategies and related opportunities for Brazilian food industry companies.

ADM Capital Europe LLP, the London-based private equity advisory firm, has announced that its Cibus Enterprise Fund has invested into the British polymer production company Aquapak Polymers Limited.

Dubai is making considerable headway in planning for future challenges and preparing its economy for the post-Covid era, industry experts said during a recent virtual event hosted by Dubai Chamber of Commerce and Industry.

Breakbulk Middle East (BBME), the GCC’s leading breakbulk and project cargo event, held under the patronage of The UAE Ministry of Energy and Infrastructure, will be presented digitally this year.

Oman's Authority for Small and Medium Enterprises Development (Riyada) has issued details on incentives offered to owners of small and medium enterprises (SMEs) with a view to waiving of SME licence fees.

The annual production volume recorded by the Omani Vegetable Oils and Derivatives Company in 2020 touched 50,000 tonnes of vegetable oils (cooking oils).

APPLE RECLAIMS GLOBAL TOP SPOT
Saudi Aramco has retained its position as Middle East’s most valuable brand, despite recording a 20% brand value loss to $37.5 billion, while globally Apple reclaimed the position of world’s most valuable brand from Amazon.