Industry

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

UAE President engages with world leaders on trade and development at BRICS Summit

The summit, which runs until October 24, is themed 'Strengthening Multilateralism for Equitable Global Development and Security,’

SuperBridge Summit 2024 concludes, drives partnerships in Global South

Event showcases opportunities in domains such as sustainability, IPOs, research and industrial projects

Abu Dhabi’s ADNEC Group to fully acquire Royal Catering

Royal Catering has over 2,500 employees and a production capacity of more than 50,000 meals daily

Saudi Arabia’s PIF launches Sarcc to meet growing staff accommodation demand

Company will foster the Saudi private sector by enabling long-term investment and partnership along the industry's value chain

Schneider Electric launches new manufacturing facility in UAE’s Hamriyah Free Zone

New facility will manufacture and assemble AI-ready prefabricated modular data centers, supporting the UAE's 'Make it in the Emirates' strategy

Saudi Arabia, Egypt ink maritime connectivity agreement to enhance passenger transport and expertise exchange

The collaboration areas include yacht and marine passenger transport, plus passenger ferries

WTO anticipates gradual recovery in global merchandise trade despite geopolitical tensions, inflationary pressures

The organization highlighted disparities between GDP growth and merchandise trade performance

Dubai Silicon Oasis recognized as Middle East Free Zone of the Year for Innovation Zones

DSO celebrated four awards at the fDi Global Free Zones of the Year Awards

ADNOC, ENPPI partner to boost local industrial sector, create jobs for UAE nationals

Since its inception, ADNOC’s ICV program has created 11,500 jobs for Emiratis in the private sector

Ratan Tata dies at 86: An overview of his journey and success at Tata Group

Ratan Tata was appointed chairman of Tata Sons in March 1991

Dubai’s Empower signs agreement with Mitsubishi Heavy Industries to supply 100,000 RT chillers

The contract includes 18 energy-efficient water-cooled chillers with a total capacity of 56,250 RT, set for delivery in 2025

UAE completes GCC railway commitments, ready to boost regional connectivity, says GCC Secretary-General

Al Budaiwi praised the UAE's key role in major national projects and the Gulf Railway initiative

Italy’s Raccortubi S.p.A invests $6.8 million in Sharjah’s Hamriyah Free Zone

This investment highlights Hamriyah Free Zone's effort to attract diverse foreign investments 

UAE committed to enhancing global trade system through strategic agreements, investments in key sectors: WTO

WTO’s Johanna Hill noted that "the UAE is playing an incredible role in world trade” 

Saudi Arabia’s NEOM to build $186.4 million concrete factory for The Line

This advanced concrete facility will use carbon capture and energy-efficient solutions to support THE LINE's construction 

Abu Dhabi showcases over 600 projects worth $54.45 billion at Switzerland’s Global Infrastructure Conference

Conference highlighted the importance of sustainable, ethical and efficient infrastructure investment

Cointelegraph establishes Middle East office among 600+ Web3 firms at DMCC Crypto Centre

This collaboration is expected to provide Cointelegraph with valuable opportunities to engage with the broader Web3 ecosystem

ADX records 15 major deals on ADNOC Gas and Modon valued at $724.2 million

The first transaction involved 505.8 million shares of Modon Holding for AED2.44 billion across six deals at AED4.83 per share 

Bridgestone, Al Jawaden Group to transform auto sector with sustainable solutions

Entities reiterate commitment towards innovative and sustainable solutions that improve efficiency and reliability

DP World expands investment plans in Mozambique to enhance regional trade opportunities

The logistics giant has long operated at the Port of Maputo and recently extended its concession by 25 years, now lasting until 2058 

Abu Dhabi reports new record GDP of $80.86 billion, 4.1 percent increase in Q2 2024

This growth is driven by the development of non-oil sectors, showcasing the emirate's economic diversification efforts

DMCC strengthens economic ties as over 500 Italian companies join Dubai’s premier free zone

DMCC's recent engagement with Italy follows an increase in bilateral trade, which surpassed $9 billion in 2023

Dubai’s Jafza, Global Surfaces launch $27.23 million manufacturing facility

40,000-square-meter facility marks a significant milestone in the expansion of Global Surfaces' operations in the Gulf region