Aseer Region Municipality, represented by Khamis Mushait Municipality, has completed the development of a new site for car showrooms north of the governorate, spanning more than 500,000 sq m.
Forbes Middle East has named Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), among its Sustainability Leaders in the Energy and Utilities sector, recognising his contributions to advancing sustainability across the region.
Nama Electricity Distribution plans to invest more than RO600 million ($1.6 billion) between 2026 and 2029 to expand and strengthen electricity networks, upgrade infrastructure and accelerate the transition towards a smart, data-driven power distribution system across Oman.
ADNOC has introduced a new approach to its In-Country Value (ICV) Programme, focusing on accelerating supplier and manufacturer registration and qualification procedures, said a senior official.
ADNOC has announced more than AED60 billion ($16 billion) in local manufacturing opportunities through 2030, alongside procurement reforms aimed at boosting domestic manufacturing, attracting industrial investment, creating skilled jobs and strengthening UAE supply chains.
Al Masaood Group has signed an MOU with the German Emirati Institute to join the ‘OFUQ 4.0’ international programme, overseen by Tawazun, advancing its Mechatronics Apprenticeship Programme and strengthening specialised engineering skills among Emirati graduates.
Larsen & Toubro (L&T), an Indian engineering and construction conglomerate, showcased its latest advancements in renewable energy, power transmission and digital grid solutions to industry professionals from more than 60 countries at the Water, Energy, Technology and Environment Exhibition (Wetex) 2026 expo held in Dubai.
The 16th edition of Milipol Qatar, a leading event dedicated to homeland security and civil defence in the Middle East, ended on a high note in capital Doha, which brought together over 270 exhibitors and welcomed 16,000 visitors from across the globe. The event also saw 96 deals worth QR820 ($220 million) being signed.
Bahri, a global leader in transportation and logistics, has awarded a SAR1.7 billion ($446 million) contract to International Maritime Industries (IMI), an integrated maritime facility in the Mena region, for the construction of three Very Large Crude Carriers (VLCCs), each with a 320,000 deadweight tonnes (DWT) capacity.
Saudi Basic Industries Corporation (SABIC) reported a 14 per cent quarterly revenue increase to SAR28.17 billion ($7.51 billion) in Q3 2026, while adjusted EBITDA rose 40 per cent to SAR4.75 billion. Adjusted net income rebounded to SAR840 million.
