AD Ports Group has announced that it has signed an agreement with IRH Global Trading, a strategic commodities trading company with interests across the mining and energy sectors, to explore strategic co-operation in bunkering services and alternative marine fuels at Khalifa Port in Abu Dhabi.
DP World and Lintara Properties, the real estate development platform of Arcapita Group Holdings, have broken ground on a new 20,000 sq m build-to-suit logistics centre in Dubai's Jebel Ali Free Zone (Jafza).
Luxury brand Roberto Cavalli has signed an exclusive multi-year licensing agreement with RAK Ceramics, one of the world's leading ceramics lifestyle solution providers, for the development, manufacturing and distribution of Roberto Cavalli branded ceramic tiles, sanitaryware and faucets.
Turner & Townsend, the global programme manager, has reported strong growth across its core sectors and key markets in the Middle East with a 73% jump in its revenue last year. The company also significantly expanded its team, with headcount rising to over 22,000 in more than 60 countries.
Acciona has developed a prototype pavement made up of 14 precast slabs with novel cement-free concrete, thus replacing clinkers with industrial by-products used as a binder. This key initiative aligns with the growing demand from Middle East for sustainable construction solutions.
Indian construction and engineering conglomerate Larsen and Toubro (L&T) said it has been awarded the front-end engineering and design (FEED) contract by Singapore-based Meranti Green Steel (MGS) for a major green iron project in Duqm, Oman, with a 2.5 million tonnes per annum capacity.
Kuwait-based Mechanical Engineering and Contracting Company (MECC) has emerged as the lowest bidder for three major power infrastructure projects being developed by Kuwait Oil Company (KOC) at a total investment of KD132.28 million ($427 million).
French utility Suez has secured a €2 billion ($2.3 billion) contract, its largest in the Middle East region, from Oman's Nama Water Services Company for the operation and maintenance of its water and wastewater assets in capital Muscat under a 15-year performance-based agreement.
Total global air cargo demand, measured in cargo tonne-kilometres (CTK), increased by 6.0% in May this year, compared to May 2025 levels (6.5% for international operations), according to International Air Transport Association (IATA) data.
Abu Dhabi National Oil Company said its key unit XRG and top Italian petroleum company Eni have signed separate agreements with Argentina's state-controlled energy company YPF to acquire 32% stakes each in three upstream gas blocks in the Vaca Muerta shale formation.
