Dubai World Trade Centre (DWTC) generated a record AED25.03 billion ($6.82 billion) in economic output through its calendar of large-scale business events in 2025, further strengthening its role as a key driver of Dubai’s economic growth.
The Emirates Drug Establishment (EDE) has signed a memorandum of understanding (MoU) with Novo Nordisk, the global healthcare company known for its treatments for diabetes, obesity and rare diseases, to strengthen cooperation in pharmaceutical manufacturing through advanced technologies.
Hellmann Worldwide Logistics and INDU Group have broken ground on a new automotive logistics hub in Jebel Ali Free Zone (Jafza), reinforcing the free zone’s role as a key gateway for regional and global trade.
Middle East Specialized Cables Company (MESC) has announced that its wholly-owned subsidiary Middle East Specialized Cables (MESC-Ras Al Khaimah UAE) has received a contract from Cunado Middle East for Pipes and Valves in the United Arab Emirates.
The Saudi Public Transport Company (SAPTCO) has been awarded a three-year contract worth SAR241.47 million ($64.39 million) by the Al Madinah Region Development Authority.
Middle East Energy returns to the Dubai World Trade Centre from September 1 to 3, marking its historic 50th year since it staged its inaugural event in 1976.
Joramco Academy, a unit of the Amman-based aircraft maintenance, repair and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has announced that it has begun accepting student applications for its Aircraft Maintenance program for this year.
The International Renewable Energy Agency (Irena) has signed an agreement with Etihad Credit Insurance (ECI) to facilitate access to financing for renewable energy projects worldwide. Under this, ECI is bringing a suite of innovative credit insurance and risk mitigation solutions for ETAF.
Global traffic volume in terms of chargeable weight dropped last week by 9% week on week (WoW), largely in response to public holidays - US Memorial Day and Eid - a decrease that was similar to the 8% drop in volume last year. Nevertheless, pricing rose +2% WoW while capacity shrank by -1%, said a report.
Aggregate net profits reported by companies listed on GCC exchanges rose 15.5% year-on-year in the first quarter to a record quarterly high of $67.9 billion, up from $58.8 billion, said a report. This growth was mainly due to stronger earnings from energy companies, particularly Saudi Aramco.
