Sanipex Group has expanded its portfolio with the introduction of its architectural hardware and ironmongery category, offering architects, designers, developers and homeowners a comprehensive and aspirational range of hardware solutions that refine the smallest details within a space.
The Transport General Authority (TGA) has issued a licence to Saudi Arabia Railways (SAR) to operate container trains at additional stations across the kingdom's railway network, thus aiming to expand logistics connectivity between the country's ports and cargo terminals.
Shortage of qualified IT security professionals and competing security priorities are among the key challenges facing firms in the Middle East, as supply chain and trusted relationship attacks emerge as a growing threat, with one in three businesses reporting an incident in the past year, said a top industry expert.
The air cargo spot rates continues to rise sharply amid the highly volatile, unstable and fast-changing situation in the Middle East. As per WorldACD Market Data reports, there has been some recovery in the air cargo markets since the Iran war, with the average spot rates from Gulf countries up 22%.
United Maintenance and Contracting Company (Unimac), a specialised heavy civil contracting company based in Saudi Arabia, has announced that it has officially signed a strategic agreement with ProGrowth Company for collaboration on leading projects in the kingdom.
Abu Dhabi National Oil Company and Austrian group OMV Aktiengesellschaft (OMV) have announced strong progress towards the formation of Borouge Group International, including the signing of an asset usage agreement for the Borouge 4 (B4), an integrated polyolefins production complex in Abu Dhabi.
Mina Al Ahmadi Refinery, operated by Kuwait National Petroleum Company (KNPC), came under drone attacks in the early hours of Friday. These attacks resulted in a fire in several units within the refinery but caused no injuries, as per preliminary assessments, said a statement from Kuwait Petroleum Corporation (KPC).
Copper futures fell to their lowest level in multiple months, reflecting a combination of macro-economic pressure and demand concerns. Escalating tensions in the Middle East have driven energy prices higher, raising concerns about inflation and a potential drag on global growth, said an expert.
Arab countries secured 146 foreign maritime transport projects worth nearly $4 billion over the past 23 years, with five countries - Egypt, UAE, Oman, Saudi Arabia and Mauritania - accounting for 114 projects, according to a report by Arab Investment and Export Credit Guarantee Corp (Dhaman).
Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy's CEO and state minister for energy affairs told Reuters.
