Saudi PIF has delivered solid results for the FY2025 with the kingdom's sovereign wealth fund more than doubling its net profit to $17 billion over the previous year, helped by stronger contributions from maturing portfolio companies, while its revenue rose 9% to hit $120 billion.
Riyadh will host second edition of the Global Logistics Forum in November 2026, drawing one of the region's largest gatherings of transport, supply chain and trade leaders.
Companies in the Europe, Middle East and Africa (EMEA) region are overhauling their data infrastructure to keep pace with the rapid adoption of AI, with 98% saying they delayed or cancelled an AI project in the past year because of data governance and compliance, said a recent survey.
Emirates District Cooling (Emicool), a leading provider of sustainable district cooling services in the UAE and a joint venture between Dubai Investments and Actis, has unveiled a structured roadmap towards Net Zero operations by 2050.
WSP, one of the world’s leading professional services consulting firms, has appointed Dincer Mete as Director of Infrastructure, Middle East. Based in Riyadh, Dincer will support the continued growth and delivery of WSP’s Transport & Infrastructure business across the region.
Saudi food company Modern Mills has signed a SAR235 million ($62 million) credit facility deal with Saudi Awwal Bank to finance a new feed mill project and support working capital needs. It includes a SAR120 million capex facility with a tenure of eight years and a SAR115 million revolving credit facility with a one-year tenure.
AP Moller Capital has announced that its Emerging Markets Infrastructure Fund II and APM Capital Morocco Fund have agreed to acquire a majority stake in Moroccan transportation and logistics company Globex Investissement, thus reflecting the firm's focus on transportation and logistics in North Africa.
More than 2,200 water-sector specialists from 100 countries are set to converge in Riyadh for the 21st edition of the IDRA World Congress on Desalination and Water Reuse, where they will discuss solutions and challenges related to global water security at the event's first gathering in Saudi Arabia.
John Crane, a global leader in flow-control technologies and an innovator in solutions for rotating equipment, and a business of Smiths Group, has renewed a long-term agreement to improve equipment reliability at a major refinery in Bahrain.
Emirates NBD, a leading banking group in the Middle East, North Africa, Türkiye and South Asia (MENATSA) region, has marked a significant milestone in its sustainable finance journey by pioneering the UAE’s first dedicated Transition Finance Framework to support corporate and institutional customers in their transformation to more sustainable business models.
