GRACEFUL EXIT FOR RABO FUND
Saudi Agricultural & Livestock Investment Company (Salic) has acquired a 29.8 per cent stake in Daawat, a unit of top Indian speciality foods company LT Foods for $17.2 million. The deal was done through its subsidiary United Farmers Investment Company.

Songwon Industrial, a leading manufacturer of polymer stabilisers worldwide, announced that it has signed an exclusive distribution agreement with Biesterfeld France, an international trading and service company.

Global crude steel production decreased by 13 per cent in April 2020 to an estimated 137.1 million tonnes (mt) down from 156.7 million tonnes a year earlier, showed data from the World Steel Association (worldsteel) released recently.

Against the backdrop of an increasingly uncertain global economy, one area of consistent investment has been digital transformation. Within manufacturing, that means the ongoing evolution towards Industry 4.0.

Schneider Electric, a leading player in digital transformation of energy management and automation, has announced that it has released a public API (application programming interface) for cloud-based software EcoStruxure IT Expert.

Torsus Praetorian, the world’s first heavy duty 4x4 off-road bus, has been awarded a prestigious Red Dot Award in the Product Design 2020 category, for its outstanding design quality.

Doosan Portable Power (DPP), a part of the Doosan Bobcat business unit, has appointed Muscat-based General Engineering Services (Genserv) as the authorised dealer for its generator and lighting tower ranges in Oman.

Abu Dhabi Waste Management Centre (Tadweer) announced the operation of three mobile medical waste incinerators in Abu Dhabi to support the precautionary measures taken by various healthcare entities to prevent the spread of COVID-19 outbreak.

The institution responsible for setting global standards for trade finance transactions has warned that proactive government interventions will be needed to ensure the market can power an economic rebound in the wake of the COVID-19 crisis.

Mubadala Healthcare and Strata Manufacturing (Strata) are collaborating to manufacture essential medical supplies and support the fight against Covid-19, utilising additive manufacturing to produce intubation capsule, face shields and ear guards.

ZonesCorp, the largest operator of purpose-built economic zones in the UAE, announced the opening of a factory that produces liquefied carbon dioxide (CO2), which is widely used in several food and manufacturing industries.

Schneider Electric, the leader in digital transformation of energy management and automation, and AVEVA, the global leader in engineering and industrial software, has announced their expanded partnership to deliver innovative solutions for the data centre