The economies of the Middle East are coping with lower oil prices and the resulting austerity measures. The downturn impacted many small and medium enterprises, along with multinational corporations serving the oil industry.
Kuwait Automotive Imports Co. is producing Eicher Motors’ newest generation truck that fits the range of the light- and medium-duty truck segment.
Cummins Inc. and The Olayan Group have announced the formation of Cummins Arabia, a 50-50, three-country distribution joint venture company in the Middle East.
TomTom has announced the launch of its traffic service in Kuwait, extending its reach in the region, and adding to existing coverage in Saudi Arabia and the UAE.
GAC MOTOR signed a strategic cooperation agreement in late April with National Motor Company (NMC), a dealer in Bahrain.
John Crane has announced it has signed a frame agreement for the Kuwait National Petroleum Company (KNPC) Clean Fuels Project, a modernization project that will upgrade two refineries in Kuwait.
The global taxi hailing service is implementing meters in its taxi fleets in anticipating of the Saudi Ministry of Transport's plans to make meters mandatory in cabs by February 2015.
The 2015 Cadillac Escalade hasn’t even hit showrooms yet, but the pre-orders are rolling in.
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