Mammoet and ULC-Energy have entered into a cooperation agreement to streamline the construction of nuclear power facilities in the Netherlands.
Middle East Specialised Cables Company has announced that it had signed a sharia-compliant finance agreement with Saudi Awwal Bank worth SAR100 million ($26.6 million). The funds will be used to support MESC's working capital and the issuance of performance bank guarantees.
Cumulocity, a global leader in industrial AIoT, has signed a strategic partnership agreement with Aramco Digital to expand the deployment of its enterprise-grade platform across the region.
Saudi Arabia's Minister of Industry and Mineral Resources Bandar Alkhorayef on Monday visited Ras Al-Khair Port alongside other key facilities to review the readiness of vital facilities.
Abu Dhabi's Metal Park has announced the launch of 25,000–30,000 metric tons per month of new cut-and-bend rebar capacity starting in Q2 2026, equivalent to roughly 10–12% of the UAE’s total monthly consumption.
The small and medium‑sized enterprises (SMEs) across the Gulf region showed strong resilience through the first quarter, sustaining high levels of company formation and restructuring even as March brought renewed disruption linked to the regional tensions, said a report.
Eurazeo, through its Capital team has entered into a definitive agreement to acquire a majority stake in Netco Group, a leading European provider of critical maintenance services for conveyor systems in vital industries, from Ardian, a global private investment firm with a major global presence.
The US Central Command (CENTCOM) forces will begin implementing a blockade of all maritime traffic entering and exiting Iranian ports today (April 13) at 10 am ET (3 pm GMT and 7pm GST), following President Donald Trump's announcement on Sunday on the action.
US President Donald Trump on Sunday announced that the US Navy would immediately begin blockading the Strait of Hormuz, sharply escalating tensions after marathon talks with Iran collapsed without a deal to end the war, leaving a fragile two-week ceasefire hanging in the balance.
The GCC economy expanded in the third quarter of 2025, reflecting its sustained ability to balance the role of the oil sector while enhancing the contribution of non-oil activities to gross domestic product (GDP), said a report. Its real GDP for the period soared to hit $474 billion, up 5.2% over Q3 2024.
