Al Masaood Group closed three separate major deals with leading global firms at the recently concluded Abu Dhabi International Petroleum Exhibition and Conference (Adipec), making it its biggest and most successful participation yet.

National Bank of Fujairah (NBF) has launched the ‘Ahlan’ SME account and ‘OneStop’ business account, two exclusive products that provide businesses with access to unique features including hassle-free digital banking anytime, anywhere.

Abu Dhabi-based sovereign investor, Mubadala Investment Company (Mubadala), has signed two deals worth €5.4 billion ($6.11 billion) with French firms aimed at facilitating investments in sectors of mutual priority and interest in France.

Sensor and avionics solutions provider Hensoldt is launching a family of avionics computers under the ‘Cavion’ brand.

PLAN FOR HYDROGEN VEHICLES
Saudi Aramco has announced the signing of five agreements with leading French companies, including a deal to explore a hydrogen-powered vehicle business with Gaussin.

TALKS ON F-35 CONTINUE
The UAE Ministry of Defense has announced that the UAE has signed a contract with France that includes purchasing 80 Rafale fighter jets to replace the UAE Air Force Mirage fleet in addition to training and maintenance purposes.

The five-day Middle East’s first LPG Week got under way today (December 5) with renewable energy and innovation at the heart of its discussion agenda.

SERVICES CONTRACT IN PACT
Saudi Arabian Airlines Corporation has signed an $8.5 billion agreement to buy CFM International LEAP-1A engines to power its new fleet of 35 Airbus A321neo and 30 A320neo aircraft as well as a rate-per-flight-hour (RPFH) services contract.

HIGH WAGE BILLS ‘A CONCERN’
GCC economies are expected to return to an aggregate growth rate of 2.6% in 2021 due to stronger oil prices and growth of non-oil sectors, and will accelerate into 2022, said the World Bank in its latest Gulf Economic Update (GEU).

Emirates Steel, an integrated steel manufacturer in the Middle East, will be showcasing its wide range of products at the upcoming Middle East Iron and Steel Conference being held in Dubai. It has signed up as a key sponsor for the three-day event.

Yokogawa Electric Corporation has acquired all of the outstanding shares of PXiSE Energy Solutions, a San Diego-based developer of software.

HullWiper Ltd and Agemar have signed a lease agreement to meet the growing demand for safe, eco-friendly hull cleaning solutions for vessels calling in Guinea.