The US government has awarded Lockheed Martin a seven-year undefinitised contract action (UCA) for up to $35 billion to quadruple production of Terminal High Altitude Area Defense (THAAD) interceptors.
KERNO Enterprises inaugurated its headquarters and first enterprise IT hardware manufacturing facility at Dubai Silicon Oasis (DSO), the special economic zone for knowledge- and innovation-driven companies in Dubai.
The UN International Maritime Organization (IMO) has temporarily suspended its operation to escort and evacuate ships through the Strait of Hormuz after a cargo vessel came under attack, raising fresh concerns over maritime security despite a preliminary agreement aimed at ending the Iran conflict.
AKI Logistics, a company of Al Khayyat Investments, has signed a strategic three-year agreement with NMC Group Services, a leading UAE healthcare service provider, to deliver comprehensive warehousing and logistics solutions across all its locations in country.
DHL Express has introduced a first-of-its-kind solution to simplify cross-border shipping for its customers in the UAE. The new system uses AI-powered item identification and advanced computer vision built into DHL’s browser-based shipping tool faster clearance.
Copper edged slightly higher on Thursday after falling to a multi-week low yesterday as sentiment around the AI trade improved. The metal could continue to see favourable conditions over support from power grid investments, electrification and data center expansions, said an expert.
ADNOC Drilling Company has announced the successful delivery and acceptance of AD-300, the first AI-enabled, fully automated walking island rig, delivered nearly three months ahead of schedule, enabling earlier revenue generation and accelerating the rollout of the six-rig next-generation programme.
Leading Chinese group Jereh New Energy Regeneration and Recycling Tech (Jereh NER) has secured an oil-based drilling cuttings treatment service contract from Kuwait Oil Company. Once completed, each unit will be able to process 12 tonnes per hour, backing continuous large-scale KOC operations.
Sharakah, Oman’s leading SME development company, has announced a strategic collaboration with Gulf Technical Support (GTS), a specialist in the supply, installation and maintenance of heating, ventilation, and air conditioning (HVAC) systems across the sultanate.
Panametrics, a Crane business and a leader in flare measurement, said it has launched the most advanced ultrasonic flare transmitter on the market, PanaFlare XGF1100, developed to improve how industries monitor and manage flare systems. It is mainly designed for use across oil & gas, chemical and other process industries,
