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BlueFive Capital acquires 49pc Massar stake from Taqa

BlueFive Capital a global alternative investment platform has announced it has completed the acquisition of a 49% equity stake in Massar Solutions from Abu Dhabi National Energy Company (Taqa). Founded...

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Tarshid signs solar photovoltaic system deal with TALCO

The National Energy Services Company (Tarshid) has signed an agreement with Al Taiseer Group TALCO Industrial Company a leading producer of extruded aluminum decorative surface finishes and thermal materials...

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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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Aramex appoints new Senior Vice President, East

Aramex a leading global provider of comprehensive logistics and transportation solutions has appointed Archer Fu as Senior Vice President (SVP) East effective May 18. In his new role Archer will play a...

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Dubai-Oman 'Green Corridor' bolsters supply chain resilience

Exemplifying Dubai s remarkable readiness and agility in responding to developments impacting regional and global trade flows Dubai Customs announced exceptional results and highlighted notable successes...

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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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