Ritchie Bros. closes 2025 on a strong note marked by record-breaking auctions and key anniversaries. Across EMEA and APAC, the company this year conducted 79 auctions, selling more than 101,800 lots from over 6,000 sellers and engaging 21,300+ buyers and 81,300+ bidders.
The total value of Bahrain's non-oil exports (national origin) increased to BD317 million ($836 million) over the last year's figures of BD316 million ($833 million), said a report. The top 10 countries accounted for 73% of the total exports (National Origin) value.
RHI Magnesita, a global leader in refractory products and services for the steel, cement, glass, and non-ferrous metals industries, has strengthened its operations in the Middle East, Türkiye and Africa region by setting up its regional head office in Dubai.
Saudia Cargo, a leading national cargo carrier, said it has signed a strategic agreement with Saudi Export Development Authority in a move aimed at supporting the competitiveness of local products and boosting their spread and access to international markets.
OQ, Oman’s global integrated energy group, has commissioned the Ladayn Polymer Programme at Suhar Industrial City. The inauguration marks the transition of nine manufacturing plants into commercial operations, representing a milestone in Oman’s downstream industrial development. The total investment in the programme’s current operational phase is approximately OMR 40 million ($104 million).
ADGM, the international financial centre of Abu Dhabi, is entering its second decade with strengthened momentum, as it announces the addition of 11 new major global financial institutions representing more than $9 trillion in assets under management.
In a landmark move, the Saudi cabinet, chaired by HRH Crown Prince Mohammed bin Salman, has announced the cancellation of the fees imposed on expatriate labour in industrial facilities, reported SPA. This decision reflects the kingdom’s leadership's ongoing support for the industrial sector.
Acwa Power has announced that it has signed a co-operation framework with African Development Bank (AfDB) to significantly strengthen collaboration in the development and funding of power generation and water desalination projects worth up to $5 billion across Africa.
Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, has begun trading on Boursa Kuwait’s Premier Market following the completion of its private placement. It raised KD55.1 million ($180 million) from local and international investors.
Raimondi has announced the installation of six flat-top tower cranes for a major construction phase of Aljada, the large-scale master community development from Sharjah developer Arada. This marks the first time cranes from Raimondi T Series are being deployed at a GCC jobsite.
