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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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National Metal Manufacturing unit wins supply contract for Saudi power project

Saudi industrial manufacturer National Metal Manufacturing and Casting Co said its subsidiary has signed a supply contract worth more than SAR10 million with Harbin Electric International Company for equipment...

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Iran 'will restore commercial shipping to pre-war levels if deal agreed'

Iran will restore commercial shipping through the Strait of Hormuz to pre-war levels within a month as per the draft of an initial unofficial framework for a memorandum of understanding with the United...

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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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UAE's real GDP in 2025 surges 6.2pc to $517bn

UAE s real gross domestic product (GDP) grew by 6.2% in 2025 over the previous year to hit AED1.9 trillion ( 517 billion) stated a report by the country s Federal Competitiveness and Statistics Centre...

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Bahrain's Mumtalakat reports record profits of $1.579bn for 2025

Bahrain Mumtalakat Holding Company (Mumtalakat) the sovereign wealth fund of the Kingdom of Bahrain has announced another record year reflecting the strong performance of its portfolio companies and the...

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