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Oman's Ibri Industrial City attracts $65m in H1 investments

Oman s Public Establishment for Industrial Estates (Madayn) has announced that its Ibri Industrial City has attracted investments worth about RO25 million ( 65 million) during the first half signing 17...

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Saudi launches maritime security alliance as conflict threatens Suez shipping

Saudi Arabia has launched a major international initiative to safeguard global shipping lanes securing the backing of 14 countries for a proposed Maritime Defense Alliance as escalating conflict between...

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Saudi food company Al Babtain to sell entire stake in Jordan's Chocolate Lake

Saudi Arabia s Al Babtain Food Company has announced plans to sell its entire 3% stake in Jordan-based Chocolate Lake Company for Chocolate and Confectionery Manufacturing to Dubai International Financial...

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Abu Dhabi’s Al Seer Marine records $158m revenue in H1

Al Seer Marine a subsidiary of Abu Dhabi-based International Holding Company has recorded a total revenue of AED579 million ( 158 million) for the first six months of 2026 thus demonstrating the strength...

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Saudi shipper Bahri posts record Q2 profit, revenue soars to $1.6bn

Saudi Arabia s National Shipping Company (Bahri) today (July 29) reported a more than six-fold increase in its second-quarter net profit while its revenue soared to SAR6.31 billion ( 1.6 billion) helped...

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EMSTEEL revenues increase 11% in Q2, profits jump 157%

EMSTEEL one of the largest publicly traded steel and building materials manufacturers in the region reported revenues of AED2.4 billion ( 653.51 million) for the second quarter of 2026 (Q2) an increase...

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Bahrain strengthens investment ties with France, Monaco after high-level economic mission

Bahrain has reinforced its economic and investment partnerships with France and the Principality of Monaco following a high-level four-day mission led by Noor bint Ali Alkhulaif Minister of Sustainable...

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Robo.ai joins forces with Abu Dhabi group to launch AI industrial group

Robo.ai a Dubai-based technology company dedicated to building an artificial intelligence machine economy platform has announced that it has joined hands with Abu Dhabi-based Eleven International Holding...

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DP World opens first multi-client warehousing facility in Saudi Arabia

DP World has started operations at its first multi-client third-party logistics (3PL) warehouse in Saudi Arabia expanding integrated warehousing and distribution capacity for businesses serving the kingdom...

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