UAE-based EDGE Group has signed an agreement with TKMS AG & Co. KG (TKMS), one of the world’s leading naval companies, to explore opportunities to establish an integrated, multi-system approach to underwater security and strengthen maritime defence capabilities.
Worldwide air cargo tonnages rebounded in mid-September after the usual annual dip around the US and Canadian Labour Day holiday, with chargeable weight rising for a fourth consecutive week. However volumes from the Middle East and South Asia fell 4%, while Africa also recorded a 4% decline.
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has signed up as a supporting partner for the inaugural 'Made in GCC 2026 Forum to be held at Exhibition World Bahrain next month. Alba will be showcasing its products portfolio and approach to sustainability across the aluminium value chain.
The Saudi Arabia Railways (SAR) ended its participation in InnoTrans 2026, the International trade fair for transport technology in Berlin, after signing contracts and financing agreements covering 10 new passenger trains, 33 freight locomotives, and 782 freight wagons along with agreements on systems modernisation and maintenance.
Robo.ai., a Nasdaq-listed technology group building intelligent infrastructure, has announced the groundbreaking of the Phase I of Alif Holding Group Industrial Park at Umm Al Quwain. The first of the park's three planned phases, it will have a designed gross floor area of 8,845 sq m.
Over 750 CEOs and participants from 70+ countries will convene for dialogue and partnerships around food systems at the upcoming Future Food Forum in Dubai amid an AED40 billion ($10.89 billion) sector growth push in the UAE.
The UAE and Argentina have launched negotiations for a Comprehensive Economic Partnership Agreement (CEPA), on the sidelines of the 81st session of the United Nations General Assembly in New York.
Saudi Arabia Railways has signed an agreement with the Swiss Export Risk Insurance SERV and KfW IPEX-Bank, Commerzbank and UBS Switzerland to finance the purchase of 10 new passenger trains from Swiss manufacturer Stadler. The purchase is part of SAR’s strategic plans to boost its passenger fleet.
The ocean economy is valued at $2.6 trillion, making it the world’s fifth-largest economy if considered a country, said a new report, adding that the sector had doubled in real terms over the past 25 years, with gross value added rising from $1.3 trillion in 1995 to $2.6 trillion in 2020.
Mammoet, a global leader in engineered heavy lift sector, has successfully performed the first e-powered marshalling of a monopile in real-world conditions for the Baltica 2 Offshore Wind Farm project. It was completed in collaboration with Van Oord, and project developers Ørsted and PGE.
