The International Trade Centre (ITC) said disruptions to shipping through the Strait of Hormuz are weighing on global trade, exposing the vulnerability of supplies of energy and fertilisers to one of the world's busiest maritime chokepoints. LNG exports plunged 95%, while urea was down 83%.
Lucid Group, maker of the world’s most advanced software-defined vehicles and technologies, today outlined a comprehensive operational reset focused on strengthening execution, reducing cash burn and improving the customer experience, even as it announced the company's financial results for the second quarter of this year.
The year-on-year inflation in Organisation for Economic Co-operation and Development (OECD) countries declined to 4.2% in June, down from 4.6% in May, following three consecutive monthly increases, said a report. The headline inflation fell in 20 OECD countries, rose in 6, and was stable in 12. I
Senaat (formerly Zamil Industrial Investment Company) has announced that its key subsidiary, Zamil Steel, has achieved a major industrial milestone by delivering specialised process equipment for the Fadhili Gas Increment Project (Package 4) for Saudi Aramco and Samsung E&A.
Saudi energy services company Tarshid has completed the second phase of an energy efficiency retrofit project at the Islamic University of Madinah, covering 43 buildings and facilities. It involved upgrades to cooling, AC and lighting systems aimed at improving energy efficiency.
India on Tuesday condemned an attack on an Indian-flagged commercial vessel that sank in the Red Sea off Yemen after being struck by a projectile, as New Delhi renewed calls for an end to attacks on merchant shipping in one of the world's busiest maritime corridors.
Agthia, a leading F&B group based in Abu Dhabi, has reported solid revenue for the first half, surging 7.4% to hit AED2.6 billion ($708 million), while its net profit more than doubled to AED121 million ($33 million) backed by one-off sales under UAE's food security programme.
Meeza, a leading data centre and managed IT services provider, has announced that it has secured an additional QAR1.6 billion ($432 million) in funding from Qatar's Dukhan Bank to accelerate the delivery of its data centres, which will together add 44MW of capacity to its portfolio.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has reported a profit attributable to its equity holders of BD64.9 million ($172.5 million) for the second quarter of 2026, up by 164% year-on-year (YoY), compared to BD24.6 million for the same period in 2025.
DP World is expanding its investment in Kenya through the development of a special economic zone in Mombosa that will strengthen the country’s position as a regional trade and logistics gateway and address the demand for modern industrial and logistics infrastructure in East Africa.
