The Wilo Group, a pioneer in sustainable and intelligent premium water solutions, and DP World have expanded their strategic partnership through a new agreement aimed at advancing sustainable infrastructure, smart logistics solutions and AI-based innovations in the global water sector.
International Transport Intermediaries Club (ITIC), a leading shipbroker, said a mismatch in contract terms has led to a $110,000 settlement against a shipbroker, highlighting the risks brokers face when fixtures are not clearly aligned on a back-to-back basis when fixing charter parties.
VA Tech Wabag, a leading multinational water technology company based in India, has announced that its joint venture with Heavy Engineering Industries & Shipbuilding Company (Heisco), has secured a contract worth KD114.3 million ($372 million) for a SWRO desalination plant in Kuwait.
Bahrain has signed key financing agreements with Islamic Development Bank (IsDB) for the King Faisal Highway Project and the Salman Industrial City Expansion Project. This comes as part of the kingdom's efforts to implement strategic projects in vital infrastructure sectors.
Some of the leading decision-makers, business leaders, investors and experts in resilience and infrastructure, along with key representatives from government, the private sector and academia, will be in Dubai this October for the 12th edition of World Green Economy Summit (WGES).
Leading fire and life safety professionals from across the Middle East region will be showcasing the artificial intelligence (AI) and emergency preparedness innovations at the National Fire Protection Association's annual conference and expo being held this week in Las Vegas, US.
Hanwha Aerospace, a defence, aerospace and industrial company in South Korea, has signed a teaming agreement with UAE-based Generation 5 Holding to collaborate on the manufacture and sale of the K9 155mm self-propelled howitzer across the Middle East market.
Bank Nizwa has joined the initial public offering of Oman India Fertiliser Company as a collecting bank, further strengthening its position as key provider of Islamic banking solutions. One of the top five fertiliser producers in the GCC, it is offering 25% of its share capital through the IPO.
Saudi Arabia's National Industrial Development and Logistics Program (NIDLP) activities contributed SAR1,045 billion ($278.74 billion) to non-oil GDP in 2025, representing 39% of the Kingdom's total non-oil GDP, up from SAR996 billion in 2024, said the program's annual report.
The US-Iran deal should allow a return of container shipping to the Strait of Hormuz, but the scale of disruption caused by the blockade puts a recovery of ocean supply chain networks at mid-September 2026, in a best-case scenario, says Xeneta, an ocean and air freight intelligence platform.
