Saudi Arabian Mining Company (Maaden) has reported solid results for the second quarter with its net profit surging 13% to SAR2.18 billion ($580 million) and its revenue hitting SAR10.9 billion ($2.87 billion), helped by higher commodity prices and increased gold sales volumes.
Oman's industrial estates operator Madayn has announced that its Suhar Industrial City has attracted more than RO214 million ($555 million) in investment commitments during the first half with 39 contracts signed for projects covering more than 1.1 million sq m area.
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.
Saudi Arabian Refineries Company (Sarco) has announced that its key subsidiary, Masafi Ventures, has reached an agreement with Adwaa Al Khalil Contracting Company to acquire an 85% stake in Advanced Industrial Supplies Company, a leading industrial parts and equipment provider.
International Resources Holding (IRH), the Abu Dhabi-based natural resources investment platform and an IHC Group company, and Adani Enterprises Limited (AEL), the flagship company of the Adani Group, on Thursday signed an MoU with India's Government of Odisha to develop an integrated greenfield aluminium project.
US President Donald Trump has signed a proclamation amending his national security tariffs on some aluminum, steel and copper imports, effective until December 31, 2027. It lowers tariffs on some steel and aluminum derivative products, including certain types of residential HVAC equipment.
Dubai Investments, a UAE-based multi-asset investment group managing a diverse portfolio of businesses, is showcasing the breadth of its manufacturing operations across pharmaceutical, glass, aluminium and steel structures at the ongoing Make it in the Emirates 2026 (Miite) event in Abu Dhabi.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has reported a profit attributable to equity holders of BD75.3 million ($200.3 million) for the first quarter of 2026, up 316% year-over-year (YoY), versus BD18.1 million ($48.2 million) for the same period in 2025.
US President Donald Trump has decided to adjust the tariffs imposed on imports of steel, aluminium, and copper to reduce duties on derivatives made from these metals, simplify compliance procedures, and prevent manipulation of import values.
Dubai Investments has announced that its integrated manufacturing platform - spanning glass, steel, aluminium and a range of building materials and industrial manufacturing solutions, continues to operate with full operational continuity, supporting construction and infrastructure activity across the region.
