Dubai / WAM Dubai Aerospace Enterprise (DAE) Ltd on Thursday has reported an increase of 186 percent in its profit for the first six months of this year, reaching $140.1 million. According to the company’s financial results, cash flows from operating activities increased by 36 percent to $678.5 million. The company reported available liquidity of $2.7 billion, saying that ...

  Ras Al Khaimah / WAM UAE’s first used battery recycling centre will be built in Ras Al Khaimah with an investment of AED62.4 million by Royal Gulf Industries. Ras Al Khaimah Economic Zone (Rakez) has welcomed this state-of-the-art lead acid battery recycling company to its industrial ecosystem. A subsidiary of Hyderabad Castings Limited and part of Nakhat Group, the ...

  DHAHRAN / WAM Saudi Arabian Oil Company (Aramco) signed a memorandum of understanding (MoU) with China Petroleum and Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia. The MoU outlines pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in ...