In a surprise leadership overhaul, Sultan Ahmed bin Sulayem, long the face of Dubai’s global trade empire, has been removed from his positions as Group Chairman and CEO of DP World — and divested of his chairmanship of the Ports, Customs and Free Zone Corporation.
AD Ports Group, a leading global enabler of integrated trade, industry, and logistics solutions, delivered record revenue and net profit for the full year 2025 and also turned Free Cash Flow (FCF) positive for the year, a first since its 2022 public listing.
Luma AI, the frontier artificial intelligence company building multimodal AGI, has announced plans to open a dedicated office in Riyadh, Saudi Arabia, marking a significant expansion of its presence in the Middle East and furthering the acceleration of HUMAIN Create.
Petro Rabigh, a joint venture between Saudi oil giant Aramco and Sumitomo Chemical, has signed up KBR, a leading technology and engineering solutions company, to provide maintenance services for its polymer plants in Rabigh, Saudi Arabia for a 10-year period.
The UAE’s economy continues to achieve strong and accelerated growth and is expected to grow by more than 5% this year, with non-oil sectors projected to expand by over 5.5%, accounting for 78% of gross domestic product, said report citing a senior minister.
Abu Dhabi-based XRG has signed an agreement with leading Italian petroleum company Eni and Argentinian group YPF for the development of an integrated gas and liquefaction project on Argentina’s Vaca Muerta shale basin that will help position the country as a long-term global LNG supplier.
AD Ports Group, a leading global enabler of trade, logistics, and industry solutions, has joined Africa Ports Development’s (APD) 30-year concession to design, build and operate a new dry bulk terminal at the Port of Douala in the Republic of Cameroon.
Lalan Group marked a historic milestone with the inauguration of its first overseas manufacturing facility at the Sohar Freezone, becoming the first Sri Lankan investment in the zone within the medical manufacturing sector.
Kerno Enterprises, the UAE’s enterprise-level IT hardware manufacturer, hosted an invite-only tour of its upcoming manufacturing facility in Dubai Silicon Oasis (DSO) on February 10.
BlueFive Capital, a global investment platform with $7.4 billion in assets under management (AUM), has announced the launch of BlueFive Leasing, the Gulf region's first dedicated aircraft leasing asset management platform, based in Muscat, Oman.
