As part of a long-term strategic shift and due to the unsustainable profitability of the Rokbak articulated hauler business, Volvo Construction Equipment (Volvo CE) will close its Rokbak business and concentrate resources on its portfolio of other hauling solutions, the company said.
Global utility major Acwa Power has acquired the entire 32% stake of Saudi PIF company Badeel in Shuaibah Water and Electricity Company (developer of Shuaibah IWPP). With this move, Acwa Power has now become the majority stake holder in the Shuaibah company with 62% share.
Regional economies are diversifying, strengthening their role in international supply chains and investing in advanced manufacturing and distribution zones. In turn, warehouse operators face mounting pressure to increase speed, resilience, and efficiency. Against these structural shifts, Swisslog highlights five warehouse challenges that automation is positioned to solve.
Midal Cables has been awarded the EcoVadis Platinum Rating, the highest level of recognition granted by EcoVadis, placing the company among the top 1% of more than 130,000 companies assessed globally.
Diversified sourcing strategies, alternative shipping routes and stronger coordination between logistics providers and government authorities have helped maintain continuity in the movement of essential goods, says Mark Mortimer-Davies, CEO of Choithrams, in an exclusive interview with TradeArabia's Sree Bhat.
SLB’s OneSubsea joint venture won a multi-well EPC contract from CNOOC for 20 wells, providing integrated subsea production systems for the deepwater Kaiping 18-1 field development in the South China Sea.
Presight has unveiled the first six AI companies selected to receive investment through its AI Innovation Ecosystem, strengthening the pipeline of technologies designed to power next-generation intelligent systems at national and enterprise scale.
Rowad Modern Engineering has announced the start of work on expansion of the Saudi Logistics Services Company (SAL) facilities at King Khalid International Airport in Riyadh.
Gulf Steel Expo 2026, a premier exhibition and technical conference dedicated to the full spectrum of steel manufacturing, pipe production technologies and industrial fabrication solutions across the region, to be held next month in Dammam has been postponed. The new dates will be announced later, the organisers said.
Shandong Electric Power Construction Corporation III has achieved a key milestone with the successful connection of the first wind turbine at the 600MW Al Ghat Wind Power Project in Saudi Arabia to the grid. The project comprises 80 wind turbine units, each with a capacity of 7.7MW.
