50-50 JOINT VENTURE

IHC unit, Adani Group to develop $11.5bn aluminium project in India's Odisha

Thu, 02 Jul 2026

International Resources Holding (IRH), the Abu Dhabi-based natural resources investment platform and an IHC Group company, and Adani Enterprises Limited (AEL), the flagship company of the Adani Group, on Thursday signed an MoU with India's Government of Odisha to develop an integrated greenfield aluminium project.

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ASSETS NOW IN 3D MODEL

Dubai launches digital twin platform - a virtual replica of city

Thu, 02 Jul 2026

Dubai on Thursday launched the Dubai Digital Twin Platform, which represents a new strategic milestone in the emirate's digital transformation journey.

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IRANIAN FROZEN ASSETS KEY ISSUE

US, Iran in indirect talks to secure peace deal, eye shipping restart

Wed, 01 Jul 2026

The US and ​Iran held indirect technical talks in Doha on Wednesday as they seek to agree on the flow of shipping through the Strait of Hormuz ‌and secure a lasting ceasefire, a source with direct knowledge of the talks and an Iranian official said.

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ACTION SOUGHT AS RISKS MOUNT

UN report warns AI is advancing faster than science, regulation

Wed, 01 Jul 2026

Artificial intelligence is evolving faster than scientific understanding and governments' ability to regulate it, creating growing risks that require urgent global action based on a shared scientific evidence base, a landmark United Nations report warned.

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SPOTLIGHT

AI will soon choose what people buy says ecommerce trends report

Fri, 26 Jun 2026

AI could soon choose what we buy; sustainability has shifted from nice-to-have to non-negotiable; and second-hand shopping is rapidly becoming mainstream, according to new DHL eCommerce research.

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Top This Week

Sipchem completes ethylene cracker expansion, starts trial production

Wed, 01 Jul 2026

Leading petrochemical company Sipchem has announced that work has been fully completed on the expansion project at the ethylene cracker plant operated by one of its key ventures, the Saudi Ethylene and Polyethylene Company (SEPC), and now its trial production has begun.

DP World launches Egypt's first integrated Logistics Distribution Centre

Wed, 01 Jul 2026

DP World today announced the launch of Egypt's first fully integrated Logistics Distribution Centre (LDC) at Sokhna Logistics Park, marking a significant milestone in the country’s logistics sector.

EDF, Marubeni, Acwa, Masdar in race for 12,000 MWh Saudi BESS projects

Wed, 01 Jul 2026

The Saudi Power Procurement Company (Principal Buyer) has prequalified 27 leading developers including global utility majors EDF, Kepco and Marubeni as well as regional heavyweights Masdar and Acwa for its second group of Battery Energy Storage System (BESS) projects with a total capacity of 12,000 MWh.

Qatar records $3.4bn FDI capex in 2025 across 373 projects

Wed, 01 Jul 2026

Qatar attracted $3.4 billion in FDI capital expenditure (capex) across 373 projects that generated 15,051 new jobs, according Invest Qatar’s 2025 Annual Report.

GCC becomes a provider of capital, infrastructure for global growth: report

Wed, 01 Jul 2026

In a world increasingly shaped by supply constraints, the GCC is shifting from a beneficiary of scarcity to a provider of the energy, capital, and infrastructure that underpin global growth, says a new BlackRock report.

IHC continues growth momentum through key investments, expansion in Q2

Wed, 01 Jul 2026

IHC, a global investment company focused on building dynamic value networks, continued to execute its strategy of disciplined investment, portfolio expansion and active value creation across its diversified portfolio of businesses in the second quarter of this year.

Riyadh Air adds Malaga, Kuala Lumpur to its growing network

Wed, 01 Jul 2026

Riyadh Air, Saudi Arabia's new national carrier and a subsidiary of the Public Investment Fund, has announced the addition of two new destinations to its growing network, launching ticket sales for flights linking Riyadh with Málaga (Spain) and Kuala Lumpur (Malaysia).

TA’ZIZ, Covestro and XRG mull world-scale MDI plant in Ruwais

Wed, 01 Jul 2026

TA’ZIZ, a joint venture between ADNOC and ADQ, has announced the launch of a joint feasibility study with Covestro and XRG to assess the development of a world-scale methylene diphenyl diisocyanate (MDI) plant at the TA’ZIZ Industrial Chemicals Zone in Ruwais Industrial City, Abu Dhabi.

New EU steel regulation takes effect; quotas cut, duty raised

Wed, 01 Jul 2026

A new European regulation aimed at protecting the EU steel sector from the damaging impact of global overcapacity will enter into application on July 1.

Shurooq signs up Minor Hotels to manage Sharjah Collection

Sat, 04 Jul 2026

The Sharjah Investment and Development Authority (Shurooq) has signed an agreement with Minor Hotels under which the international hospitality operator will manage the Sharjah Collection, a portfolio of seven nature- and heritage-based retreats across the emirate.

Global subsea technologies group Unique names new CEO

Sat, 04 Jul 2026

Unique Group, a leader in subsea engineering and technology, has appointed Giovanni Corbetta as its new CEO. An industry veteran, he brings over three decades of leadership experience in offshore energy, subsea, marine services and engineering to the Sharjah-based company.

Shurooq signs up Minor Hotels to manage Sharjah Collection

Sat, 04 Jul 2026

The Sharjah Investment and Development Authority (Shurooq) has signed an agreement with Minor Hotels under which the international hospitality operator will manage the Sharjah Collection, a portfolio of seven nature- and heritage-based retreats across the emirate.

Global air cargo volumes, rates up in H1 despite Mideast disruptions

Sat, 04 Jul 2026

Worldwide air cargo tonnages and rates for the first half of 2026 were well up on last year’s levels with the June’s figures up 9% over the same month last year, and stable compared to May, despite the disruptions to capacity and markets in the Middle East, said a report.

UN report warns AI is advancing faster than science, regulation

Wed, 01 Jul 2026

Artificial intelligence is evolving faster than scientific understanding and governments' ability to regulate it, creating growing risks that require urgent global action based on a shared scientific evidence base, a landmark United Nations report warned.

Select Group completes first Six Senses branded homes in Mena

Thu, 02 Jul 2026

UAE developer Select Group has announced the completion of Six Senses Residences The Palm, Dubai, the first Six Senses branded homes in the Mena region. It comprises a collection of private residences, including signature and sky villas as well as penthouses designed around waterfront living.

Geodis secures IATA CEIV pharma certification for its Hyderabad site

Thu, 02 Jul 2026

Geodis, a leader in transport and logistics, said it has achieved the IATA Center of Excellence for Independent Validators (CEIV) Pharma certification for its site located in the south Indian city of Hyderabad, thus reinforcing its commitment to delivering top-class healthcare logistics solutions.

MAIR to revamp Mall of Al Ain with retail, hotel upgrades

Sat, 04 Jul 2026

MAIR Group, a strategic investment company focused on grocery retail and commercial real estate, is set to redevelop and expand its key retail asset, Mall of Al Ain, in Abu Dhabi, adding hotel facilities and upgrading the property's retail, dining, entertainment and public spaces.

SICO completes merger of fund services unit into bank

Sat, 04 Jul 2026

Bahrain-based investment bank SICO has announced the successful completion of the merger of its key subsidiary, SICO Funds Services Company, into the bank, thus marking the final phase of its strategic integration initiative designed to further boost its integrated operating model.

Visa launches threat intelligence platform

Thu, 02 Jul 2026

Visa has launched the Visa Threat Intelligence Platform (VTIP), a new solution that helps financial institutions detect and respond to cyber threats that can lead to fraud and financial loss, leveraging the same cybersecurity capabilities Visa uses to protect its own global network.

Multiply Media expands into Saudi Arabia via partnership with Cenomi Centers

Fri, 03 Jul 2026

Multiply Media Group (MMG), the UAE-headquartered Out-of-Home media powerhouse and a subsidiary of 2PointZero Group, today announced its expansion into Saudi Arabia through a strategic partnership with Cenomi Centers, Saudi Arabia's leading owner, operator and developer of contemporary lifestyle centres.

Thales wins contract to deliver multi-mission surveillance radars to Oman

Sat, 04 Jul 2026

Thales, a global leader in defence, aerospace sectors, in partnership with Omani contractor Ankaa, has been awarded a contract by the Oman Civil Aviation Authority (CAA) to deliver its latest-generation Tracsigma primary surveillance radar and two RSM NG secondary surveillance radars.

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