Speedex Tools has officially opened its newest retail destination in Musaffah, Abu Dhabi, marking another milestone in the company’s continued UAE expansion. Spanning over 10,000 sq ft, the branch offers 20,000+ products across 12 categories including power, welding tools and workshop equipment.
Johnson Controls, a global technology leader energy efficiency, decarbonisation, thermal management and mission-critical performance, has announced the launch of Balanced Cooling, a purpose-built solution for buildings connected to centralised cooling systems in the UAE.
Oman's Public Authority for Special Economic Zones and Free Zones has signed RO200 million ($519 million) agreements to establish a portfolio of industrial projects across its free zones, supporting its push to build an export-oriented industrial base spanning steel, construction and industrial products, said a report.
Saudi Arabia achieved record growth in date exports in 2025, with their value reaching SAR1.938 billion ($516.89 million), a 14.3% increase compared to 2024 and a significant 59.5% surge since 2021.
The UAE will establish a National Industrial Resilience Fund with a capital of AED1 billion ($272.3 million) to support the localisation of critical industries and strengthen supply chain resilience in the country.
Petro Rabigh, a leading petrochemical company jointly owned by oil giant Aramco and Japan's Sumitomo Chemical, has announced that it has cut its accumulated losses to 14.77% of share capital, dropping below a key regulatory threshold after a capital reduction and a return to profit.
Majesty, a superyacht brand, has announced the official launch of the first hull of its new model - Majesty 145, which has been designed, engineered and handcrafted in the UAE. The latest addition to the 40m+ size bracket, it complements the Majesty 175 and 160 models which are due for launch later this year.
The sharp rise in global air cargo rates following the outbreak of war involving the US, Israel and Iran is showing signs of slowing, as a fragile ceasefire allows capacity to gradually return to Middle East markets. The recovery was led by Gulf markets, where the capacity shortfall narrowed to 46% from 53%.
Krohne Middle East has announced that it is advancing its Resilient Technology Webinar Programme with a new series of expert-led sessions focused on hydrogen, marine efficiency, and produced water management, three critical areas shaping the region’s industrial future.
BlueFive Capital, a global investment platform based in Abu Dhabi, has announced that its consortium has entered into a deal with luxury auto brand Porsche to acquire its entire stake in Bugatti Rimac, a joint venture set up in 2021 to serve as home to the iconic Bugatti brand.
