The Saudi Power Procurement Company (Principal Buyer) has prequalified 27 leading developers including global utility majors EDF, Kepco and Marubeni as well as regional heavyweights Masdar and Acwa for its second group of Battery Energy Storage System (BESS) projects with a total capacity of 12,000 MWh.
Gulftainer (GT), a globally trusted leader in integrated maritime and logistics solutions, has launched its first dedicated feeder service linking the UAE and Umm Qasr, Iraq.
Qatar attracted $3.4 billion in FDI capital expenditure (capex) across 373 projects that generated 15,051 new jobs, according Invest Qatar’s 2025 Annual Report.
Australian group Maritimo, a leading builder of long-range luxury motor yachts for the world, has appointed KJM Marine as its exclusive dealer across the GCC and selected territories in the Middle East and Indian Ocean, reinforcing its presence in one of the world's most dynamic boating regions.
Dubai-headquartered HITEK AI, a pioneer in AI-driven enterprise solutions and part of the Farnek Group of companies, has launched Condtek, the GCC’s first AI-powered solution that automatically creates a verified digital asset register without the need for lengthy and costly manual audits, saving building owners, developers and managers time and money.
IHC, a global investment company focused on building dynamic value networks, continued to execute its strategy of disciplined investment, portfolio expansion and active value creation across its diversified portfolio of businesses in the second quarter of this year.
Al Khayyat Investments (AKI) has announced the signing of an exclusive distribution partnership with Aujan Coca-Cola Beverages Company under which AKI will exclusively manage the UAE distribution and growth for household brands Rani, Vimto and Barbican.
TA’ZIZ, a joint venture between ADNOC and ADQ, has announced the launch of a joint feasibility study with Covestro and XRG to assess the development of a world-scale methylene diphenyl diisocyanate (MDI) plant at the TA’ZIZ Industrial Chemicals Zone in Ruwais Industrial City, Abu Dhabi.
A new European regulation aimed at protecting the EU steel sector from the damaging impact of global overcapacity will enter into application on July 1.
Emirates is marking a significant milestone in the expansion of its cargo fleet by becoming the first airline cargo carrier to deploy the Boeing 777-300ERSF passenger to freighter converted aircraft.
