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Saudi Chemical unit wins up to $198m TNT supply agreement with NCMS

Saudi Chemical Company Holding announced that its subsidiary Saudi Chemical Company Limited has signed a five-year contractual agreement with National Company for Mechanical Systems (NCMS) to supply military-grade...

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Abu Dhabi Chamber launches ‘Member Privileges’ with five key partnerships

The Abu Dhabi Chamber of Commerce and Industry has launched its Member Privileges initiative through five new strategic partnership agreements with Microsoft DHL e& UAE Project Management Institute and...

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EDGE Group to acquire CMD, a top-tier Italian engine firm

EDGE Group has signed an agreement to acquire a controlling stake in Costruzio ni Motori Diesel CMD a leading Italian company specialised in the design prototyping and development of advanced propulsion...

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Saudi Arabia's mining wealth estimated at $2.5 trillion

Saudi Arabia s total mining wealth is estimated at around SAR9.4 trillion ( 2.5 trillion) as the mining sector continued its growing expansion as a key pillar in diversifying national economy in 2025....

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Abu Dhabi's Phoenix partners with DC Max to unlock $8bn European AI Data Center opportunity

Phoenix Group an IHC portfolio company and global digital infrastructure operator has announced a strategic partnership with DC Max to develop its first European AI data center an 18MW facility in Lyon...

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Alba Q1 net profit jumps 316% to $200.3m

Aluminium Bahrain (Alba) the world s largest aluminium smelter on one site has reported a profit attributable to equity holders of BD75.3 million ( 200.3 million) for the first quarter of 2026 up 316%...

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DP World, Al Dahra to explore opportunities in food, agri-logistics

DP World and Al Dahra Holding a multinational agribusiness headquartered in Abu Dhabi have signed a memorandum of understanding to explore strategic opportunities aimed at strengthening food security and...

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Adnoc expands downstream projects to boost UAE manufacturing

A far-reaching transformation is underway in Abu Dhabi s industrial heartland in Ruwais. As Adnoc accelerates delivery of its strategy including AED200 billion ( 55 billion) in new project awards for 2026-2028...

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SARCO signs MoU to develop green ammonia plant, hydrogen equipment hub in Jazan

Saudi Arabian Refineries Company (SARCO) has signed a non-binding memorandum of understanding (MoU) with Chinese firm Ally Hydrogen Energy Co. Ltd. to develop two key clean energy projects in Jazan Industrial...

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Cargo ship sunk off Oman, another vessel seized near Fujairah

A cargo ship was sunk off Oman and another vessel was reportedly seized near the United Arab Emirates and taken toward Iranian waters on Thursday underscoring the continuing disruption to shipping through...

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MBRAH launches new Light Industrial and Maintenance Complex

Mohammed Bin Rashid Aerospace Hub (MBRAH) the aerospace platform of Dubai South dedicated to advancing the aviation industry has launched its Light Industrial and Maintenance Complex reinforcing its commitment...

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Lenovo partners with VCM, ClimeCo for sustainable industrial ops in Saudi Arabia

The Regional Voluntary Carbon Market Company (VCM) has announced a landmark collaboration with Lenovo and ClimeCo to enable sustainable industrial operations for Lenovo s expanding manufacturing presence...

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EMSTEEL Q1 revenue touches $599m; profit up 246% to $81.42m

EMSTEEL on Wednesday reported first-quarter revenue of AED2.2 billion ( 599.05 million) remaining broadly in line with the corresponding period in the prior year. EMSTEEL reported EBITDA of AED483 million...

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AD Ports Group delivers best quarterly profit on record

AD Ports Group a leading global enabler of integrated trade industry and logistics solutions today reported strong revenue and net profit performance in the first quarter of 2026 demonstrating the resilience...

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Sanad set up aircraft engine repair Centre of Excellence (CoE) in Al Ain

Sanad a part of Mubadala Investment Company has announced the establishment of an AED480 million ( 130 million) aircraft engine Repair Centre of Excellence (CoE) in Al Ain Region. The strategic investment...

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ADNOC Drilling posts record Q1 profit on high rig utilisation, services growth

ADNOC Drilling a key unit of Abu Dhabi National Oil Company (ADNOC) has reported its strongest-ever first-quarter earnings on Monday supported by high fleet utilization growth in integrated drilling services...

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