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EDGE launches European defence enterprise

Abu Dhabi-based advanced technology and defence group EDGE today launched EDGE Europe a fully European commercial enterprise headquartered in Paris. The new French registered company introduces a fundamentally...

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Al Bayader invests $50m in food packaging hub in National Industries Park

National Industries Park (NIP) has signed an agreement with Al Bayader International to develop a AED180 million ( 50 million) integrated manufacturing and logistics hub in Dubai expanding regional food...

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GAIA secures European patent for PLA-free film extrusion materials

GAIA BioMaterials a global leader in biodegradable and compostable bioplastic compounds has received final confirmation of its European patent for PLA-free film extrusion materials. The patent approval...

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Sharjah gears up for region’s top luxury jewellery, watch show

The 57th edition of the Watch and Jewellery Middle East Show the region s largest and most prominent event for luxury jewellery and timepieces opens tomorrow (June 10) at Expo Centre Sharjah. Organised...

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JNK India snaps up large overseas EPC contract for Abu Dhabi project

JNK India a specialist in process-fired heaters reformers and related thermal engineering solutions for the energy and process industries has announced that it has secured a large order - in the range...

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DWTC generates record AED25bn in economic output in 2025

Dubai World Trade Centre (DWTC) generated a record AED25.03 billion ( 6.82 billion) in economic output through its calendar of large-scale business events in 2025 further strengthening its role as a key...

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Holidays slow global air cargo traffic but not pricing

Global traffic volume in terms of chargeable weight dropped in week 22 (25 to 31 May) by -9% week on week (WoW) largely in response to public holidays Pentecost US Memorial - Day and Eid al-Adha a decrease...

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ASMO appoints new Chief Executive Officer

ASMO the joint venture between Saudi Aramco and DHL has appointed Nico Schuetz as Chief Executive Officer effective June 1 2026. He will report to the ASMO Board and be based in Dammam Saudi Arabia. Schuetz...

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Aramex Group Binding Corporate Rules for Controllers by Dutch authority

Aramex and ICT Legal Consulting International BV (ICTLC International) have announced the approval of the Aramex Group Binding Corporate Rules for Controllers (BCR-C) by the Dutch supervisory authority...

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Gulftainer unveils major regional logistics hub

Gulftainer (GT) a globally trusted leader in integrated maritime and logistics solutions has unveiled its strategic plans to develop the Al Dhaid Multi-Modal Trade Corridor a landmark 150-hectare regional...

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Arclin acquires DuPont's Aramids business, including Kevlar, Nomex brands

Arclin a global materials science company has announced that it has completed the acquisition of DuPont s Aramids business including the renowned Kevlar and Nomex brands for approximately 1.8 billion....

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Saudi Arabia's real GDP grows 3% in first quarter

Saudi Arabia s real GDP grew by 3.0% in the first quarter of 2026 compared with the same quarter of 2025 supported by growth in both oil and non-oil activities. Oil and non-oil sectors expanded by 2.9%...

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Oman signs $7.54bn investment deals for Duqm Special Economic Zone

Oman has signed 10 agreements and memoranda of understanding to establish new projects with an investment value of RO2.9 billion in the Duqm Special Economic Zone said an Oman News Agency post in X platform....

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Joramco Academy opens student applications for aircraft MRO programme

Joramco Academy the educational arm of Amman-based aircraft maintenance repair and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE) is now accepting student applications...

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Dubai launches 'SME in a Box' platform to help set up businesses faster

The Dubai Department of Economy and Tourism (DET) has launched SME in a Box a new platform designed to make it faster simpler and more cost-efficient for entrepreneurs to start and operate businesses in...

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SAFEEN Drydocks secures $354m vessels construction deal

SAFEEN Drydocks a shipbuilding repair and maintenance company has secured two major vessel construction contracts valued at AED1.3 billion ( 354 million) in total marking the largest awards secured by...

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