Foulath Holding, an industrial holding company with major steel investments and the parent company of Bahrain Steel and SULB, has announced a force majeure situation affecting certain group operations as a result of the ongoing regional conflict in the Middle East.
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, confirmed early Sunday that its facility was targeted in an Iranian attack a day earlier resulting in mild injuries to two of its employees.
Global air cargo rates have continued to rise strongly as stakeholders adjust to the dynamic and highly challenging conditions following the military attacks on Iran by the US and Israel, and Iran’s retaliatory strikes on targets in the region, said a report.
Leading events organiser RX has confirmed that the 2026 edition of Airport Show co-located with Global Airport Leaders’ Forum and Women In Aviation Middle East Conference, originally scheduled to take place from May 12 to 14 at Dubai World Trade Centre, will now take place from October 12-14, with the venue remaining unchanged.
The World Cement Association (WCA) has announced that SiloConnect, an AI solution designed for cement groups that want to transform logistics from reactive firefighting into proactive planning, has become its newest Associate Corporate Member.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has signed a contract with the Kuwait's Ministry of Electricity and Water and Renewable Energy for a major power infrastructure project worth KD57.2 million ($186.4 million).
Mubadala Investment Company, an Abu Dhabi-based global investor, has announced that it has entered into a definitive agreement to sell its minority stake in CoolIT Systems, a global leader in liquid data centre cooling, to Ecolab as part of a transaction valued at $4.75 billion led by KKR.
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, said Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Chairman of Masdar and Executive Chairman of XRG.
The Middle East faces a “pressing need for the import of food” as conflict in the Gulf disrupts shipping routes, the chair of A.P. Moller-Maersk said on Wednesday.
The prolonged closure of Strait of Hormuz, lasting significantly longer than a month, would negatively affect global chemical production, with Mideastern and Asian producers most affected. Chemical production costs may hit a new high and global supply chains could get disrupted, said a report.
