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Bahri Logistics opens two new ship agency offices in Saudi Arabia

Bahri Logistics a business unit of the National Shipping Company of Saudi Arabia (Bahri) a global leader in shipping maritime transportation and logistics has expanded its ship agency operations with the...

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UXE signs strategic partnership with South African group Nascent

Dubai-based UXE Group has signed a strategic partnership agreement with South Africa s Nascent Group aimed at enabling the development of innovative projects across key sectors including smart cities digital...

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Oman's Suhar Industrial City attracts $555m investment in H1

Oman s Public Establishment for Industrial Estates (Madayn) has announced that its Suhar Industrial City has attracted more than RO214 million ( 555 million) in investment commitments during the first...

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Savola reports 36% rise in H1 net profit, revenue tops $3.62bn

Savola Group an integrated food platform in the food and retail sectors across the MENA region has reported that its revenue for the second quarter increased by 8.6% to SAR6.3 billion ( 1.68 billion) and...

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UAE industrial sector outlook bolstered by strong demand, says JLL

Solid market fundamentals and healthy occupier demand are strengthening the long-term prospects of the UAE s industrial sector according to JLL s latest Industrial Market Dynamics report. While the rapid...

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Aramex's net profit grows two-fold in H1; revenue hits $498m

Aramex a global logistics and transportation solutions company has announced solid results for the first half with its group revenues surging 22% to AED1.83 billion ( 498 million) helped by strong growth...

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Lucid announces operational reset focusing on performance

Lucid Group maker of the world s most advanced software-defined vehicles and technologies today outlined a comprehensive operational reset focused on strengthening execution reducing cash burn and improving...

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Alba Q2 profits jump 164% to $172.5m despite logistics disruptions

Aluminium Bahrain (Alba) the world s largest aluminium smelter on one site has reported a profit attributable to its equity holders of BD64.9 million ( 172.5 million) for the second quarter of 2026 up...

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Paperworld Middle East returns for 15th edition as market set to top $512bn

Paperworld Middle East will return to Dubai World Trade Centre from October 13 15 providing a dedicated business platform where international manufacturers distributors wholesalers and buyers will shape...

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Khorfakkan Port to receive record Chinese vehicle shipment

Sharjah Ports Customs and Free Zones Authority has announced that its Khorfakkan Port is set to receive a large RoRo vessel carrying 6 068 new energy vehicles produced by Chinese automaker BYD. The vessel...

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ADNOC L&S accelerates fleet expansion with $1.3bn acquisition of 11 vessels

ADNOC Logistics & Services has announced the acquisition of five modern Very Large Gas Carriers (VLGCs) and six Very Large Crude Carriers (VLCCs) for a combined investment of approximately 1.3 billion...

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Iran, Oman near Strait of Hormuz shipping deal

Iran and Oman have moved closer to an agreement on reopening the Strait of Hormuz to commercial shipping with both sides agreeing on the geographical coordinates of a proposed safe navigation corridor...

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Indian companies in Dubai business district top 4,080, says DMCC

Dubai Multi Commodities Centre (DMCC) has announced that the number of Indian companies registered in its business district had risen 9% over the past 12 months to more than 4 080 thus making India its...

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D‑Marin appointed lead consultant for BAYN Marina development

UAE-based Ora Developers has appointed D Marin a premium Greek yacht marina management company as the marina consultant for BAYN its flagship coastal community in Ghantoot region strategically located...

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Agthia H1 net profit more than doubles, revenue rises to $708m

Agthia Group one of the region s leading food and beverage companies based in Abu Dhabi today (August 4) reported higher revenue earnings and cash generation for the first half thus reflecting the growing...

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CEER localisation deals to bring $2.4bn benefits, create 2,000 jobs

The Local Content and Government Procurement Authority (LCGPA) has signed two agreements to localise the industry and transfer knowledge for electric vehicles with CEER in exchange for inclusion on the...

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