A Saudi-Spanish consortium has emerged as a frontrunner among bidders to win an US$8 billion contract to build a high-speed rail network linking Makkah, Jeddah and Madinah.

Topaz Energy and Marine recently signed long-term vessel support contracts with various clients totaling US$160mn.

GE Lighting opens its first full-fledged distribution centre in the Middle East in Jebel Ali Free Zone, Dubai recently.

Etihad Rail awarded Indian-based PCM Strescon Overseas Ventures Limited (PCM Strescon) the contract for the provision of railway sleepers.

Revenues from tractor exports reached over $48.8mn in the last Iranian year (ended March 20), announced the managing director of Iran Tractor Manufacturing Company (ITMCO).