SME Bank, Aramco Taleed and fintech firm Manafa have launched new financing solutions for SMEs in Saudi Arabia’s industrial sector and Aramco ecosystem, aiming to improve funding access, liquidity and growth, with opportunities expected to reach SAR1.5 billion ($400 million) over five years.
AD Ports Group, a leading global enabler of integrated trade, logistics, and industry, has announced that Al Faya Dry Port has been assigned UN/LOCODE (AEALF) by the United Nations Economic Commission for Europe (UNECE).
As the Artificial Intelligence (AI) initiatives move from experimentation to production, fragmented log management from too many tools is emerging as a key barrier to operational scale. The rapid growth of AI workloads is pushing traditional log management approaches to their limits, said an expert.
Wael Gad, CEO of Bawan Engineering Group (UTEC), views the future of industrial manufacturing from a broader perspective, where relevance is earned not only by the equipment produced but also by the expertise that supports it long after it enters operation.
Gulf Partners Group, a management-led GCC private markets firm based in Bahrain, together with Payward, the unified infrastructure platform and parent company of both NinjaTrader and digital asset platform Kraken, has announced the closing of a $100 million senior secured private credit facility for US-based NinjaTrader Group Holding.
King Salman Energy Park (SPARK) has signed an agreement with Pan Kingdom Real Estate to develop an integrated industrial complex comprising 168 ready-built industrial units across 214,000 sq m area within the mega development in the Eastern Province of Saudi Arabia.
GCC fixed-income yields are benefitting from a decline in geopolitical risk premiums following the US-Iran deal, according to Fitch Ratings. This is reflected in yield spreads between GCC investment-grade debt and US Treasury bonds having returned to pre-war levels.
UAE defence group EDGE and Italy's Leonardo have joined hands to launch a new venture that will develop advanced defence sensors and systems. The JV will also serve as a platform to sell the M-346 fighter-trainer aircraft and other defence products in Europe and international markets.
UAE developer Azizi is enhancing the project delivery capabilities across its portfolio through a vertically-integrated industrial model by managing critical manufacturing processes in-house, including aluminium and façade systems as well as HVAC ducting and marble works.
ADCAN Pharma, a leading UAE-based pharmaceutical manufacturer and the nation’s first producer of oncology and hormone products, has signed a strategic partnership agreement with Galenicum, a leading Spanish pharmaceutical company, to strengthen the UAE’s pharmaceutical manufacturing and regulatory capabilities.
