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Alba AGM approves $202.6m dividend

The Annual General Meeting (AGM) of Aluminium Bahrain (Alba) the world s largest aluminium smelter on one site on Thursday approved the distribution of cash dividends to shareholders at Fils 54.06 per...

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DP World revenues soar 22% to $24.4 billion in 2025, profits hits $1.96bn

DP World today announced record financial results for 2025 with revenue up 22% to 24.4 billion and adjusted EBITDA up 18% to 6.4 billion (margin 26.3%) driven by strong performance across Ports & Terminals...

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Shipping disruption deepens after tanker attacks in Hormuz

Shipping through the strategic Strait of Hormuz remained severely disrupted on Wednesday as Iran intensified actions aimed at blocking the critical waterway including attacks on tankers and suspected mine-laying...

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EDGE launches First-of-Class Corvette for the Angolan Navy

EDGE one of the world s leading advanced technology and defence groups has announced the launch of the first-of-class (FOC) BR71 MK II Combattante corvette NRA Ekuikui II under a landmark EUR1 billion...

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Savola Group delivers solid 2025 results; revenue soars to $7bn

The Savola Group a leading strategic investment holding group in the regional food and retail sectors has reported a revenue of SAR26.1 billion ( 7 billion) for FY 2025 up 13% from SAR23 billion ( 6.1...

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SABIC's Abdulrahman Al-Fageeh retires, new CEO named

SABIC has announced the retirement of its CEO and Executive Member of the Board Abdulrahman Al-Fageeh effective April 1 2026. The Board of Directors has appointed Dr Faisal Al-Faqeer as the new CEO. In...

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Acwa's 2025 revenue soars to $1.97bn; net profit up 60pc

Saudi-listed Acwa the world s largest private water desalination company a leader in the energy transition and a first mover into green hydrogen at scale today (March 4) reported solid results for FY 2025...

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Oman's Madayn inks investment contracts to localise three industrial projects

Oman s Public Establishment for Industrial Estates (Madayn) has signed three investment contracts to localise new industrial projects in the Polyethylene Terephthalate (PET) sector spanning recycled plastics...

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Dubai Chamber organises 35 meetings to support private sector resilience

Dubai Chamber of Commerce one of the three chambers operating under Dubai Chambers has recently organised 35 meetings with business groups and business councils under its umbrella. The meetings aimed to...

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Six vessels attacked in Gulf, Strait of Hormuz as shipping suffers

Shipping across the Gulf and the strategic Strait of Hormuz remained severely disrupted as attacks on commercial vessels intensified amid the conflict between Iran and US Israeli forces. Explosive-laden...

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The tech trends shaping the factory floor

Manufacturers invest 69% of their IT budget into devices software and other technologies used to connect their frontline gain greater asset visibility and intelligently automate workflows says a new research....

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DP World appoints new CEO & MD for GCC

DP World has appointed Ahmad Yousef Al-Hassan as Chief Executive Officer and Managing Director for the GCC overseeing an integrated portfolio spanning ports and terminals economic zones digital technology...

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Two industrial projects coming up in Oman's Ibri Industrial City

Oman s Public Establishment for Industrial Estates (Madayn) has announced that two new industrial projects will come up within Ibri Industrial City over a combined area of 60 000 sq m at a total investment...

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All Jebel Ali terminals are operating normally, says DP World

All terminals at Jebel Ali Port in Dubai are operating normally said DP World a leading provider of smart end-to-end logistics solutions and the port operator. Jebel Ali Port is the largest port in the...

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AD Ports Group says all operations continue as normal

AD Ports Group a leading global enabler of trade industry and logistics solutions confirms that all operations across its clusters continue as normal in light of current regional developments. As a precautionary...

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Three tankers damaged in Iran strikes says Reuters report

At least three tankers were damaged off the Gulf coast after US and Israeli strikes on Iran triggered Iranian retaliation that put merchant ships at risk of collateral damage Reuters said quoting shipping...

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