South Korean tech giant Samsung Electronics Company spent nearly 90 trillion won ($59.2 billion) on capital expenditures and research and development (R&D) in 2025, making it the biggest investor among the world's top 10 semiconductor companies, industry data showed.
Saudi Arabia's economy is expected to accelerate sharply in 2027 after a subdued performance this year, with Riyad Capital forecasting real GDP growth of 6.8% next year compared with 0.9% in 2026, driven by a recovery in oil production and continued expansion of non-oil sectors.
Construction activity across the Gulf region remains robust, supported by strong project execution and rising demand for building materials with concrete works up 10-13% and reinforcement steel up 16%, said a new report. The GCC currently has about $951 billion worth of projects under active execution.
Afcons, a flagship infrastructure engineering and construction company of Indian group Shapoorji Pallonji, has secured a Rs53 billion ($554 million) contract from Vadhvan Port Project for the construction of a 10.14 km-long breakwater in Maharashtra. On completion, it will be the second longest breakwater in the world.
GAIA BioMaterials, a global leader in biodegradable and compostable bioplastic compounds, has received final confirmation of its European patent for PLA-free film extrusion materials.
Arclin, a global materials science company, has announced that it has completed the acquisition of DuPont’s Aramids business, including the renowned Kevlar and Nomex brands, for approximately $1.8 billion.
Services now account for most of the world’s $2.5 trillion ocean-related trade, overtaking goods and opening new opportunities for developing countries to create value from the ocean while protecting it, says a new UNCTAD study.
Spirit Energy, a Centrica business, has announced the Morecambe Net Zero (MNZ) Peak Cluster development - the world’s largest cement decarbonisation project - has achieved a major milestone that brings the decarbonisation of 40% of the UK’s vital cement and lime industry a step closer.
British oil and gas company bp has announced that it would reorganise its business into two operating segments - Upstream and Downstream - thus replacing its current three-segment structure, effective July 1. This comes as part of bp's efforts to simplify its structure, boost performance as well as shareholder returns.
Viridien, a global technology and HPC leader, has entered into a strategic partnership with global exploration firm Aker BP to strengthen collaboration across multi-client ocean bottom node (OBN) seismic data acquisition, imaging, and technology development. The agreement establishes a five-year co-operation framework designed to align strategy with the goal of optimising exploration efforts on the Norwegian Continental Shelf.
