Leading Korean group LIG Defense & Aerospace (LIG D&A) has signed an agreement with UAE defence company Tawazun to explore and develop co-operation in the field of defence and security industry development, with the aim of establishing a global defence manufacturing hub in the UAE.
The UAE Ministry of Industry and Advanced Technology (MoIAT) has unlocked AED18 billion ($4.9 billion) in competitive financing for the industrial sector to help manufacturers scale their production.
Dana Gas and Levidian, a British advanced materials company, have signed a memorandum of understanding (MoU) to develop the Sharjah Graphene Park, a UAE-based advanced materials manufacturing and commercialisation initiative.
The Saudi Authority for Industrial Cities and Technology Zones (MODON) recorded strong performance in 2025, attracting a total investment of approximately SAR30 billion ($8 billion), a 25% growth over the previous year.
The Comprehensive Economic Partnership Agreements (CEPA), which the UAE has concluded with 36 countries so far, have enabled the UAE’s non-oil foreign trade to surpass $1 trillion (AED3.8 trillion) in 2025, said a senior official.
US President Donald Trump said the US military will temporarily pause “Project Freedom” — the military-backed plan to guide commercial vessels through the Strait of Hormuz — signalling a potential easing of tensions with Iran.
Around 20,000 seafarers remain trapped and unable to leave in and around the Strait of Hormuz, said International Maritime Organization (IMO) Secretary-General Arsenio Dominguez.
SaMoTer 2026, the triennial International Construction Equipment Exhibition, opens tomorrow at the Verona Exhibition Centre. For four days, Veronafiere will be the world capital of mechanisation in the construction industry thanks to attendance by top international brands in the sector.
Dubai Investments, a UAE-based multi-asset investment group managing a diverse portfolio of businesses, is showcasing the breadth of its manufacturing operations across pharmaceutical, glass, aluminium and steel structures at the ongoing Make it in the Emirates 2026 (Miite) event in Abu Dhabi.
Tawazun Council for Defence Enablement has signed an agreement with top global security, defence and aerospace contractor Lockheed Martin to set up a Cybersecurity Centre of Excellence in the UAE, in a strategic move aimed at strengthening the UAE’s national capabilities in the digital domain.
