Samsung E&A has secured a major engineering, procurement and construction services contract worth $3.46 billion from Sabic Agri-Nutrients Company (formerly Saudi Arabian Fertilizer Company - Safco) for its integrated industrial complex. The project commissioning is targeted for Q3 2030.
Asyad Shipping and Vale have marked a milestone in sustainable shipping with Sohar Max, the first wind-assisted Valemax vessel, making its inaugural call in Oman to deliver iron ore to Vale’s Sohar operations.
Apple has entered the foldable smartphone race with the launch of the Duo, a passport-sized iPhone with rounded edges that opens into a 7.6-inch display. The new model features a smaller outer screen when folded and is Apple’s thinnest phone when open.
Expo Centre Sharjah (ECS) has strengthened its regional presence in the exhibitions and conferences sector through its participation at the 2026 World Trade Centres Association (WTCA) Middle East & Africa (MEA) Regional Conference.
The UAE National Pavilion continued to attract strong interest on the second day of the El Alamein International Airshow 2026, welcoming 1,875 visitors, including senior official and military delegations from around the world.
Marlan Space, a UAE based investor, and Loft Orbital are leading a consortium in a $1 billion investment in France to build Altair-Next Gen, the world’s largest artificial intelligence (AI) satellite infrastructure.
Abu Dhabi-based Mubadala Investment Company has announced a significant minority investment in Luckin Coffee, alongside Centurium Capital, the company’s controlling shareholder, in a deal worth $1 billion. The investment comes as China’s coffee market continues to expand.
Saudi Arabia’s cement sector saw sales remain broadly stable year-on-year in August, but monthly volumes edged lower as weaker exports offset modest growth in the domestic market, according to an Al Rajhi Capital sector update.
Gulftainer, a leading global trade infrastructure company based in the UAE, has signed a binding agreement for a strategic investment in Suksawat Terminal on Thailand’s Chao Phraya River.
Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, and National Aluminium Company (NALCO), one of India’s leading aluminium producers, have signed an agreement to transfer EGA’s UAE-developed DX+ Ultra aluminium smelting technology to India for a major smelter expansion project.
