Global airfreight volumes declined in the first full week of August after a mild rally the previous week, with chargeable weight sinking from all origins, said a report. The Middle East was among the weakest-performing markets, along with South Asia, with volumes down 6pc in the first full week of August.
Qatar-based JTA International Investment has signed a long-term strategic partnership with British group Watt Electric Vehicle Company to set up its first EV manufacturing plant where the duo will jointly design and manufacture a new generation of e-vehicles specifically for the GCC region.
DP World, a leading provider of smart end-to-end logistics solutions, has reported revenue of $12.7 billion for the first half of 2026, up 13.1% year-on-year, as the strength of its global network helped the company navigate significant disruption to trade flows in the Middle East.
American Concrete Institute (ACI) said its centre of excellence, NEU, has launched its second low-carbon certificate programme, 'Fundamentals, Materials, and Innovations'. It is a complement to NEU’s first certificate, 'Low-Carbon Concrete: Qualification, Design, and Compliance'.
UAE-based engineering and construction group ALEC Holdings has recorded a 67.6% jump in its H1 revenue which rose to AED8.99 billion ($2.45 billion), helped by higher activity across its major projects, while profitability was hit by disruptions to energy services amid regional geopolitical tensions.
Procureship, a Greek e-procurement platform, has officially welcomed 100 deep-sea vessels from Stolt Tankers, one of the world’s leading chemical tanker operators, onto its e-procurement platform as part of its drive to further digitalise the day-to-day procurement operations for its global fleet.
Abu Dhabi National Oil Company has announced that one of its key units, ADNOC Gas has awarded engineering, procurement and construction (EPC) contracts worth $8.2 billion for the next phase of its Rich Gas Development (RGD) project at the Habshan complex in the UAE capital.
Voyager Interests and The Arab Energy Fund (TAEF) said a consortium including TAEF and Zamil Group Investment Company will make a strategic minority investment in CRTS Global, supporting the pipeline coating firm’s regional and international expansion.
Daikin Middle East & Africa, a global leader in heating, ventilation, air-conditioning and refrigeration (HVAC-R) solutions, has officially unveiled its newly renovated experience centre, at its regional headquarters in Jebel Ali, Dubai.
The Space 14 Estate has announced the launch of a new warehousing and commercial development in Dubai Investments Park 2. The project, which comprises two buildings and 14 individual warehouse units connected by a 9-m-wide internal access road, is set for handover next year.
