Yusuf Bin Ahmed Kanoo Group, one of the region's largest independent family-owned multinational businesses headquartered in Bahrain, has announced the appointment of its new Board of Directors under the chairmanship of Fawzi Ahmed Kanoo.
Bahrain Ship Repairing & Engineering Company (Basrec) has signed up Lumofy, an AI-powered talent development and competency management platform, in bid to help build a future-ready workforce and enhance operational excellence across all divisions.
Ras Al Khaimah Chamber of Commerce and Industry said it has witnessed solid growth in its export activity during the first nine months of the year. The value of goods exported by the Chamber members and covered by certificates of origin hit AED7.6 billion ($2.1 billion).
The global GDP is projected to surge 2.8% in 2026, led by stronger momentum in the US and resilient exports from China, while the euro zone benefits from targeted fiscal support despite longer-term challenges, said Goldman Sachs Research in its new report.
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has swiftly contained an industrial fire that broke out at a power rectiformer in the morning of December 19, a company statement said.
Emirates Global Aluminium (EGA) has announced a significant expansion of EGA Leichtmetall in Germany. The new facility, located near Hannover, will help boost EGA Leichtmetall’s recycling capacity more than six-fold, adding 110,000 tonnes per year of scrap sorting capacity.
Abu Dhabi National Oil Company has signed a $2 billion green financing deal backed by Korea Trade Insurance Corporation (K-Sure) to fund lower carbon projects across its operations. This marks its first green financing facility backed by a Korean agency.
Noatum Ports, the international ports operating arm of AD Ports Group, signed a memorandum of understanding (MoU) with Al Dahra Agriculture – Egypt, to advance Egypt’s logistics infrastructure and further enhance its position as a regional hub for trade and supply chain solutions.
Oman and India have signed a Comprehensive Economic Partnership Agreement (CEPA) in Muscat, laying the framework for a significant expansion of trade, investment and services cooperation between the two countries.
Three UAE-based maritime leaders have been included in the 2025 Lloyd’s List Top 100 Most Influential People in Shipping, an annual list that highlights individuals whose decisions and leadership guide the direction of the global maritime industry.
