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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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Almarai opens nominations for $500,000 food security research prize

Saudi food conglomerate Almarai has announced that it has opened nominations for the 2026 edition of its food security research award offering 500 000 to support scientific work aimed at improving food...

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Dubai Chambers discusses enhancing trade ties with Western Cape

Dubai Chambers has explored ways to strengthen trade and investment flows with South Africa s Western Cape province during a recent meeting with Alan Winde Premier of the Western Cape. The meeting took...

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Saudi Arabia’s non-oil private sector makes strong recovery in May

Saudi Arabia s non-oil private sector strengthened in May as the latest Riyad Bank Saudi Arabia PMI showed output increasingly sharply as domestic demand improved and supply chains stabilised. However...

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Etihad Rail taps rail freight to streamline seafood supply chain

As part of a community-driven initiative Etihad Rail Freight a subsidiary of Etihad Rail which is responsible for delivering freight services has partnered with the Abu Dhabi Fishermen Cooperative Society...

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CargoX raises $250m from BlueFive Capital-led investor group

CargoX an autonomous delivery platform based in the UAE today (June 2) announced that it has raised 250 million from an investor group led by BlueFive Capital. BlueFive Capital is one of the world s fastest...

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US group Positron AI opens first overseas office in Dubai

Positron AI a US-based developer of next-generation specialised AI inference infrastructure has established its first presence outside the country in the Dubai International Financial Centre (DIFC)) the...

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Dubai Taxi Company in deal to boost mobility services in Ajman

Dubai Taxi Company (DTC) a leading provider of comprehensive mobility solutions has signed an agreement with AJ Industries a leading provider of sustainable and innovative automotive solutions in Ajman...

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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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Taqa consortium wins 2.6GW Taweelah power project contract

Emirates Water and Electricity Company (EWEC) has announced that a consortium led by Abu Dhabi National Energy Company (Taqa) with key members - Saudi group Aljomaih Energy and Water Company and China...

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UAE non-oil sector growth remains subdued as disruptions impact output

The UAE s non-oil private sector faced ongoing headwinds in May as regional geopolitical tensions and supply-chain disruptions constrained growth and pushed operating costs up further. The seasonally adjusted...

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Elsewedy Electric steps up efforts to empower Saudi women in the workplace

Elsewedy Electric a leading integrated provider of energy and infrastructure solutions across Europe the Middle East and Africa said the group continues its efforts to empower Saudi women and actively...

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Mideast records $23bn in M&A deals, UAE's Q1 transactions down

The Middle East recorded sustained merger and acquisition (M&A) activity in the first quarter with 196 deals valued at 23.3 billion being announced compared to 207 deals worth 31.3 billion last year stated...

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Gordon Brothers offers heavy fabrication, forming machinery in auction

Gordon Brothers a global asset expert has announced a major online sale of heavy fabrication and forming machinery to be held on June 11. The sale comes at a strategically important time for regional industry...

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ADMA, Bahrain Polytechnic sign MoU to collaborate on maritime transport, technologies

Abu Dhabi Maritime Academy (ADMA) has signed a memorandum of understanding with Bahrain Polytechnic to strengthen cooperation in the areas of education training and applied research. The MoU also aims...

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Abu Dhabi Maritime Academy forges partnership with Bahrain Polytechnic

Abu Dhabi Maritime Academy (ADMA) has signed an agreement with Bahrain Polytechnic to strengthen cooperation in the areas of education training and applied research and to build high-impact partnerships...

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