Gulf Warehousing Company, a leading logistics group in the region, has signed a 15-year leasing agreement with Safari Shopping Center for a dedicated commercial retail project within Logistics Village Qatar. The long-term deal features a 3,613-sqm built-up retail facility alongside 5,000 sqm of dedicated parking space.
Shaker Group, a leading manufacturer and distributor of air conditioners and home appliances in Saudi Arabia, has reported SAR743.1 million ($198.2 million) revenue for the first half, down 3.4% from the same period last year, mainly due to a decline in its HVAC solutions business.
Bahrain-based Nasser Centre for Science and Technology, in co-operation with Aluminium Bahrain (Alba), has successfully developed an intelligent system to monitor turbines and support decision-making using AI technologies at the company's Power Station 4.
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has achieved another significant safety milestone by becoming the first aluminium smelter in the Middle East to join the Lifting Equipment Engineers Association (LEEA) Accredited Training Scheme.
Dubai Future Foundation (DFF) has joined forces with leading robotic vehicle technology company Oxa for the launch of its autonomous logistics future lab in Dubai. The new venture SHIFFT aims to accelerate the development and deployment of GenNext autonomous logistics solutions in the region.
Saudi-based SAL Logistics Services Company said it has completed the acquisition of 100% stake in leading Belgian ground handling and cargo company Aviapartner Liege, thus marking its first operational presence outside the kingdom and expanding its network to 20 stations.
Abu Dhabi-based Investcorp Capital has reported a sharp decline in its annual profit for the fiscal year ended June 30, 2026 which fell to $44 million from $81 million last year as higher financing costs and timing of private market exits weighed on earnings.
Saudi Arabia's National Company for Glass Industries (Zoujaj) has announced that it has resumed operations at a production line that was damaged by a fire last year, while raising its estimate of repair costs and business interruption losses.
The International Association of Dry Cargo Shipowners (Intercargo) warned that attacks on merchant vessels have increased in recent months and called upon governments and parties to armed conflicts to take concrete steps to halt such attacks and ensure the safety of their crews.
World merchandise trade growth exceeded expectations in the first quarter of 2026 as surging trade in electronic components related to artificial intelligence (AI) offset the negative impact of the conflict in the Middle East, which began in the final month of the quarter.
