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Petro Rabigh cuts accumulated losses to 14.77% of share capital

Rabigh Refining and Petrochemical Company (Petro Rabigh) said on Sunday it has cut its accumulated losses to 14.77% of share capital dropping below a key regulatory threshold after a capital reduction...

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Mideast recovery helps steady global air cargo markets after weeks of turmoil

The sharp rise in global air cargo rates following the outbreak of war involving the US Israel and Iran is showing signs of slowing as a fragile ceasefire allows capacity to gradually return to the Middle...

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Tabreed awards EPC contract for key Bahrain district cooling project

Tabreed Bahrain a leading provider of sustainable district cooling solutions in the kingdom has appointed Arabian International Company as the engineering procurement and construction (EPC) contractor...

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Etihad Rail completes first rail shipment for automotives for Al Masaood Automobiles

Al Masaood Automobiles and Etihad Rail Freight a subsidiary of Etihad Rail have completed the first rail transport of finished passenger vehicles for an automotive dealership - a significant step in the...

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Aldar acquires industrial, logistics portfolio in KEZAD for $177m

Aldar has acquired an industrial and logistics portfolio from AD Ports Group subsidiary Khalifa Economic Zones Abu Dhabi KEZAD Group for AED650 million ( 176.99 million). The transaction adds 163 000 sq...

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dnata to set up new cargo facility at Sydney airport

dnata a leading air and travel services provider based in Dubai has announced plans to establish a dedicated cargo terminal facility at Western Sydney International (Nancy-Bird Walton) Airport (WSI). Already...

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UAE Pavilion highlights defence capabilities at DSA, Kuala Lumpur

The United Arab Emirates National Pavilion continued to attract significant international attention on the second day of the Defence Services Asia Exhibition and Conference (DSA) 2026 held at the Malaysia...

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Nakilat reports $120.43m net profit for Q1

Qatar Gas Transport Company (Nakilat) achieved a net profit of QAR439 million ( 120.43 million) for the first quarter ended March 31 2026 compared to QAR433 million for the same period of 2025. The company...

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Majesty unveils new UAE-designed superyacht model

Majesty an award-winning yacht and superyacht brand has announced the official launch of the first hull of its new model - Majesty 145 - a key milestone in her build journey. It also represents a defining...

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Krohne unveils new series of sessions on hydrogen, marine efficiency

Krohne Middle East has announced that it is advancing its Resilient Technology Webinar Programme with a new series of expert-led sessions focused on hydrogen marine efficiency and produced water management...

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Sheikh Mohammed launches 1 Billion Meals Dates Factory

His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President Prime Minister and Ruler of Dubai has launched the 1 Billion Meals Dates Factory with an annual production capacity of 150 million date-based...

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Agreement to advance Amiral project signed, boosting downstream industries

Saudi Arabia s Ministry of Investment has signed an investment agreement with SATORP to develop the Amiral project a joint venture between Saudi Aramco and TotalEnergies. The project aims to accelerate...

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Balexco gets shareholders' nod for public listing plan

Bahrain Aluminium Extrusion Company (Balexco) a leading producer of aluminium extrusion products used primarily in construction sector with operations across the Gulf and wider region said it has won approval...

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Automechanika Riyadh to be back in style next year at a new venue

Automechanika Riyadh will be back for its next edition from January 11 to 13 at its new home the Riyadh Front Exhibition & Conference Center (RFECC) in a strategic move that positions the event as the...

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GWC posts steady Q1 profit despite supply chain disruption

Qatar-based Gulf Warehousing Company (GWC Group) has reported a net profit of QR33.7 million ( 9.3 million) for the first quarter of 2026 while its gross revenues hit QR318 million ( 86.3 million) as it...

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The solution to workforce woes that manufacturers are missing

Across the Middle East manufacturers are navigating a perfect storm of workforce pressures. Labour markets have historically been heavily reliant on expat workers. Skills availability varies widely across...

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