Global food prices rose in August to their highest level since late 2022, driven by adverse weather conditions and international shipping disruptions, the UN Food and Agriculture Organisation (FAO) said on Friday.
Oman's Al Mazunah Free Zone has localised four projects during the first half, covering industrial and logistics sectors spanning 2,415 sq m. With this move, its cumulative investment in the free zone has risen to RO141 million ($366 million), with leased space topping 1.4 million sq m out of a total 15.36 million sq m.
Saudi Arabia's PayTabs Group and Amazon Payment Services have agreed to a more than $100 million deal under which PayTabs will acquire Amazon's Middle East and North Africa (MENA) payments operations, a transaction that will further consolidate the region's fragmented payments market.
UAE-based EDGE Group has completed the acquisition of Brazilian aerospace engineering specialist AKAER, with all customary conditions precedent fulfilled. This follows the share purchase agreement by the two firms in July.
The Global Innovation Hub, a curated arena at Middle East Energy, brought together real innovators and breakthrough technologies across smart grids, storage, hydrogen and digital energy solutions.
Chinese automobile manufacturer ROX has completed its Advanced AI Manufacturing Centre in Abu Dhabi and commenced local vehicle production, with the first three ROX Adamas vehicles carrying the “Made in the Emirates” mark rolling off the production line.
Switzerland-based CTS Group, a specialist in the design and development of data centres, has announced that it has joined hands with Saudi clean energy and smart infrastructure company Desert Technologies to set up a new data centre facility with an annual capacity of 300MW in Saudi Arabia.
Ultimate Power Solution Group, headquartered in the Sharjah International Airport Free Zone, has signed more than 12 deals and commercial agreements with international and regional clients during its participation in Middle East Energy 2026 in Dubai.
JK DryChem Industries, a subsidiary of India’s leading cement manufacturing giant JK Cement, has officially launched its manufacturing facility in Ras Al Khaimah Economic Zone (RAKEZ), marking the next phase of the company’s expansion in the UAE and wider region.
Gulf Cryo, a Middle Eastern provider of liquid carbon dioxide (CO₂), is set to significantly expand its regional production capacity from 700 metric tonnes per day (MTPD) to 1,300 MTPD by the end of 2026, equivalent to more than 470,000 tonnes annually.
