Industry

Saudi Arabia’s maritime transport sector achieves 6.4 percent growth, 20th global ranking in 2024

The authority emphasized the crucial role of over 2,000 certified Saudi seafarers in advancing the sector

Worldwide PC shipments rise 1.4 percent in Q4 2024, reflecting modest recovery amid AI price challenges

This represents the second consecutive year in which shipment volume has fallen below the 250 million mark 

Saudi Ports Authority drives growth in 2024, strengthens Kingdom’s position as global logistics hub

In 2024, Saudi Arabia rose to 15th in global container handling, according to Lloyd’s List

New Honeywell cybersecurity services center launches in Saudi Arabia’s Jubail to enhance industrial protection

Honeywell Himaya Center to support Kingdom’s localization and IKTVA goals with advanced cybersecurity solutions

UAE, Brazil formalize mineral exploration MoU for energy and mining collaboration

The UAE is Brazil's second-largest Middle Eastern trade partner, with $2.64 billion in non-oil trade in early 2024

Rolls-Royce plans $376 million investments in UK facility to expand Bespoke, Coachbuild capabilities

Investment to prepare the manufacturing facility for the brand's transition to an all-battery electric vehicle future

DP World: $11 billion investment fuels 33 percent growth to record 100 million TEUs

Last year, container capacity grew 5 percent, strengthening the company's supply chain influence

Egypt targets 5-6 percent GDP contribution from mining sector

The minister announced plans to launch a Mineral Resources Portal and offer mining areas for investment in 2025 

Saudi Arabia trade balance surplus grows 30 percent to $5.5 billion in October 2024

This represents an increase of over $1.06 billion compared to September

Egypt’s food exports surge to $5.5 billion in first 11 months of 2024

Surpassing the total exports for the entirety of 2023, which were recorded at $5.068 billion 

How UAE is leading in industrial growth and economic diversification

The sector has boosted sustainable growth, competitiveness, and contribution to the nation's GDP

Qatar: Private sector exports hit $701.6 million in Q3 2024

This reflects a modest decline of 2.5 percent from QAR2.62 billion ($718 million) in Q2 2024

Egypt reveals $589.8 million initiative to enhance industrial growth, equip private sector

The program targets enterprises in pharmaceuticals, food, engineering, chemicals, textiles, mining, and construction

Saudi Arabia, Oman explore enhancing cooperation in industrial integration, trade

The two countries underscored the importance of advancing economic cooperation and strategic integration between them

CBUAE forecasts real GDP growth: 4 percent in 2024, rising to 5.5 percent by 2026

Non-oil GDP growth is projected to remain robust at 4.9 percent in 2024 and 5.0 percent in 2025

DP World launches Middle East’s first $100 million blue bond to fund sustainable marine transport

Eligible initiatives include reducing maritime pollution, sustainable ports, and water quality

AD Ports appoints Egyptian contractor to build infrastructure for Noatum Ports – Safaga Terminal

The terminal will handle 450,000 TEUs, 5 million tons of dry bulk, and 1 million tons of liquid bulk

ADNOC’s XRG to become new majority shareholder of Covestro

XRG expects the transaction to close in the second half of 2025

DP World begins maritime works on $1.2 billion Senegal port

An economic zone is set to be established near the Ndayane port and Blaise Diagne International Airport

UAE launches unified numbers project to enhance data utilization in policy-making

The initiative provides accurate data on GDP, inflation, foreign investment, and infrastructure rankings 

Space42 signs $5.1 billion contract with UAE government for satellite services

Contract includes the procurement of Al Yah 4 and Al Yah 5 advanced satellites

EMSTEEL takes lead in embracing sustainability

UAE’s leading steel and building materials manufacturer was recently appointed as co-chair of the Alliance for Industry Decarbonization