Industry

GASTAT: Industrial Production Index in Saudi Arabia increases by 5 percent in October 2024

This growth is largely attributed to heightened activity in various sectors, including mining and quarrying

AD Ports Group assigned new A1 Credit Rating by Moody’s

The A1 rating is the fifth-highest on Moody’s scale, indicating upper-medium investment grade and low credit risk 

$5.4 trillion in mineral investments needed for energy transition by 2035: Report

Over 70 percent of mineral capital investments are needed for coal, iron ore, copper and gold

UAE surges to 5th place in quality infrastructure for sustainable development index 2024

The UAE also emerged as the second highest-ranking country in the Middle East

ADBW 2024: Abu Dhabi announces Golden Vendor list to boost local procurement in industrial sector

Products and services that are part of the Golden Vendor List will now be integrated into the Abu Dhabi Government's tendering process

Global trade set to reach record $33 trillion in 2024: UNCTAD

This represents a 3.3 percent annual growth rate, showcasing the resilience of international trade amid ongoing challenges

Abu Dhabi’s NMDC LTS signs definitive agreement to acquire 70 percent equity stake in Emdad

The acquisition, pending regulatory approvals, will allow NMDC to expand into oilfield services

dnata Logistics breaks ground on $27.2 million Dubai South warehouse

The new warehouse will handle 400,000 tons of cargo annually, boosting storage capacity by 50 percent and creating over 50 jobs 

Abu Dhabi’s NMDC Group creates new Logistics & Technical Services division to drive expansion and diversification

The new unit adds logistics and technical services to the Group’s marine, EPC, engineering, and construction sectors 

UAE National Day: Celebrating 53 years of unity and progress through visionary leadership, groundbreaking initiatives

A comprehensive reflection on 2024’s milestones in governance, infrastructure, and global positioning

UAE National Day: Bahraini landmarks celebrate 53rd Eid Al Etihad with UAE flag colors

Bahrain’s Prince Salman congratulated UAE President on 53rd National Day

UAE, Bahrain advance partnership in national in-country value programs

Emirati industrial enterprises will be eligible to benefit from Bahrain's Takamul Program by receiving a 10 percent preference

Dubai Industrial City marks 20 years as premier manufacturing and logistics hub in the Middle East

Dubai Industrial City is expanding, adding 13.9 million sq. ft. of industrial land this year

Sheikh Theyab and Bill Gates discuss AI’s role in advancing health, education, and food systems

Both parties discussed strategies to improve lives by combating preventable diseases like polio and neglected tropical diseases

All Airbus aircraft currently produced have parts made in UAE, says official

Airbus initiated its partnership with the UAE more than a decade ago, starting in 2010

ADIPEC 2024: ADNOC awards $196.2 million contracts to 11 companies for manufacturing in UAE 

Awards for a wide range of products enabled by the company's In-Country Value (ICV) program

TA’ZIZ announces over $2 billion contracts for key infrastructure projects in Abu Dhabi

TA'ZIZ is set to commence production in 2027, targeting an output of 4.7 million tons per annum of chemicals by 2028

Ras Al Khaimah, U.K. Government strengthen partnerships across key trade, investment sectors

The partnership aims to enhance industrial cooperation and facilitate two-way trade between Ras Al Khaimah and the U.K.

Saudi Arabia’s PIF to acquire 54 percent stake in MBC Group for nearly $2 billion

MBC Group recorded a net income of SAR237.8 million in 1H 2024 – up a significant 359.8 percent year-on-year

FII8: stc Group joins hands with three new partners for Sustainability Champions program

The Group further reinforces its commitment to sustainability, connectivity, and technological advancement at FII8

Fourth edition of Make it in the Emirates Forum to take place in May 2025

Under a new partnership, the Ministry of Industry and Advanced Technology and ADNEC Group will organize future editions of the forum

Multiply Group revenue soars 47 percent to $141 million in Q3 2024

The balance sheet remains strong, with cash balance of AED1.88 billion and additional liquidity of up to AED4 billion available for future investments

Sheikh Mohammed and Vietnam PM discuss enhancing bilateral cooperation, sign CEPA

CEPA facilitates UAE service providers' access to various sectors in Vietnam, including business, finance, and tourism

Abu Dhabi’s NMDC Group reports $598.96 million net profit in first nine months of 2024, driven by strong project pipeline

A remarkable 68 percent increase in revenues and a 45 percent rise in net profits compared to the same period last year