Kuwait-based Heavy Engineering Industries and Shipbuilding Company (Heisco) and Shanghai Electric Group are the sole bidders for the Al Subiya Power Generation and Water Distillation Station upgradation project work with the Chinese group emerging as the lowest bidder.
Northstar Telecom, a leading ICT and telecom solutions provider, has signed an agreement with HFCL, a telecom infrastructure leader, for the strategic standardisation of its Wi-Fi Access Point and Switching infrastructure on the IO by HFCL portfolio across its business and residential broadband services.
The Middle East conflict is causing an energy-led supply chain shock, with very different effects around the world even as market pricing suggests weeks of disruptions, not days or months, said an expert, stating that this episode adds to inflation risk in a world shaped by supply factors.
Joramco, the Amman-based aircraft maintenance, repair and overhaul (MRO) facility and a unit of Dubai Aerospace Enterprise, has renewed its agreement with Indian carrier IndiGo. The scope of work includes performing C-checks, lease return work and aircraft paint jobs on IndiGo’s A320neo fleet.
Saudi Arabia's Transport General Authority said it has mobilised a fleet of over 500,000 trucks to ensure uninterrupted freight movement and supply chain continuity across the country and the wider Gulf region, with the land transport system serving as a vital link between ports, airports and logistics zones.
Naffco Group, a global leader in safety engineering and life protection solutions based in Dubai, has announced a strategic joint venture with Finland-based Verona Shelters Group to develop and manufacture advanced civil defence and military shelter solutions for international markets.
Globalisation remained at a historically high level at 25% in 2025 – despite escalating geopolitical tensions, rising US tariffs, and uncertainty about future trade policies, says a report.
Ships must co-ordinate with Iran's navy to pass through the Strait of Hormuz, reported the country's Mehr news agency on Thursday citing the foreign ministry. This comes after its new Supreme Leader Mojtaba Khamenei's threat to keep this vital passage shut as leverage against the US and Israel.
Iran’s new Supreme Leader, Ayatollah Sayyid Mojtaba Khamenei, has signalled that Tehran intends to continue using the threat of closing the Strait of Hormuz as a key strategic lever in the ongoing conflict.
German shipping company Hapag-Lloyd said projectile fragments have hit the Liberia-flagged container vessel 'Source Blessing' near the Strait of Hormuz.
