Aramco and IBM announced their intended collaboration on opportunities to advance AI, agentic AI, automation, material science and other mutually agreed domains in the industrial sector.
EnerMech has won a major Subsea7 contract for Mexico’s Trion ultra-deepwater project, delivering pre-commissioning services including flooding, cleaning, hydrotesting and nitrogen dewatering, supported from Houston and Villahermosa operations bases.
Chapman Freeborn, part of Avia Solutions Group, completed a time-critical charter moving 90 tonnes of oilfield equipment from China to Saudi Arabia, including pumps and oversized parts up to 8 metres, using a Boeing 747 freighter.
Dana Gas and Levidian, a British advanced materials company, have signed a memorandum of understanding (MoU) to develop the Sharjah Graphene Park, a UAE-based advanced materials manufacturing and commercialisation initiative.
Sohar Port and Freezone, in collaboration with Oman’s Ministry of Energy and Minerals, launched the Energy Efficiency Guideline for Industrial Buildings at Sohar Port and Freezone.
Emirates Water and Electricity Company (Ewec) has entered into a strategic collaboration framework agreement with Abu Dhabi Future Energy Company (Masdar) to set up a roadmap for the accelerated deployment of utility-scale renewable energy projects.
Bosch plans to invest around 200 million euros ($233.81 million) in its subsidiary Bosch Business Innovations over the next five years to expand its innovation landscape further.
TA’ZIZ signed $28.5 billion in long-term offtake, feedstock and sales agreements at Make it in the Emirates, covering methanol, PVC, EDC, VCM and other chemicals. Adnoc Gas will supply natural gas under a 25-year deal worth over $5 billion.
Oil prices eased slightly on Tuesday after jumping about 6% yesterday following increased hostilities in the Strait of Hormuz.
The UAE is entering “a new chapter” in which it is reshaping its place in the global economy with “confidence, clarity, and ambition”, said Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology.
