DP World has started operations at its first multi-client 3PL warehouse in Saudi Arabia, expanding integrated warehousing and distribution capacity for businesses serving the kingdom's consumer and industrial sectors. Located in Riyadh, the 15,250 sq-m facility provides over 17,000 pallet positions.
Saudi Arabia's National Shipping Company (Bahri) has reported a more than six-fold increase in Q2 net profit which hit SAR2.75 billion ($733 million), while its revenue soared to SAR6.3 billion ($1.6 billion), helped by higher freight rates and stronger demand for its crude oil shipping business.
Emirates Stallions Group (ESG), a leading UAE-based diversified conglomerate and subsidiary of IHC, today reported an 8% year-on-year increase in revenue to AED766.69 million ($208.77 million) for the six months ended June 30, 2026, while net profit rose 44% to AED166.30 million.
Saudi Energy has secured a shariah-compliant Murabaha financing facility with a total committed amount of SAR15.8 billion from a consortium of seven leading Saudi banks to support its general corporate purposes.
Oil prices remained under pressure as the pause in military operations in the Middle East reduced the risk of immediate geopolitical escalation. Also hopes surrounding talks between Iran and Oman over shipping through the Strait of Hormuz improved market sentiment, said an industry expert.
Saudia Cargo and Riyadh Cargo, the freight division of the kingdom’s new national carrier Riyadh Air, a wholly-owned Public Investment Fund (PIF) company, have announced the signing of an interline agreement that will strengthen cargo connectivity and expand global network reach.
GE Aerospace showcased its commitment to building a more durable and efficient future of flight at the recently concluded 2026 Farnborough International Airshow, highlighting next-generation technologies and breakthrough capabilities.
Bombardier has announced the delivery of its 200th Challenger 3500 jet to Piero Ferrari, Vice Chairman of Ferrari, bringing together one of business aviation’s most successful super-midsize jets with one of the world’s most iconic names in mobility, design and craftsmanship.
NMDC Energy, an Abu Dhabi-based engineering, procurement, and construction (EPC) services company, reported a strong first half of 2026, with revenue rising 16 per cent year on year to AED9.5 billion ($2.6 billion), driven by diversified growth across its UAE operations and international EPC projects.
Zain Omantel International (ZOI), a global hyperscale networking provider, has signed an agreement with Tata Communications to explore the development of a next-generation inter-operator roaming platform powered by AI and blockchain technologies.
