Industry

UAE, Kuwait strengthen bilateral ties with MoUs on standardization, infrastructure, and cybersecurity

Other notable agreements included collaboration in communications and information technology

TAQA completes acquisition of SWS Holding for $462.84 million

Acquisition expands TAQA’s portfolio and strengthens its capabilities to deliver water treatment solutions

Türkiye’s exports hit $170.8 billion in eight months, 3.9 percent increase year-on-year

Imports fell 8.7 percent to $225.7 billion, narrowing trade deficit by 43.4 percent

UAE to host major global events in September: All you need to know

The DIFC will host the inaugural Dubai AI & Web3 Festival on September 11-12 at Madinat Jumeirah

QatarEnergy to double urea production to 12.4 million tons by 2030

QatarEnergy plans to build a large urea production complex to boost global food and energy security

UAE oil imports to Japan reach 31.07 million barrels in July 2024, 49.1 percent of total

Arab oil made up 97.8 percent of Japan's imports, totaling 61.92 million barrels

Multilateral Industrial Policy Forum to boost Saudi Arabia’s position as leading global industrial center

The forum, to be held in October, will bring together over 3,000 industry leaders

DP World’s Jebel Ali sets new record with 1.4 million TEUs in July 2024

In H1 2024, the port handled 7.3 million TEUs, a 3.9 percent YoY increase

Global air cargo demand up 13.6 percent in July 2024, eighth month of double-digit growth: IATA

Air cargo demand reached record highs year-to-date in July, with robust growth across all regions, says director general

Global video game market expected to reach $257 billion by 2028: Key trends and insights

Over 25 percent of revenue invested in marketing by companies under $1 billion

UAE’s AD Ports climbs to 19th place in 2024 global rankings: Report

The port operator expanded to 33 terminals across 8 countries in 2024

Dubai’s Empower awards design contract for second Jumeirah Village district cooling plant

Company plans to establish six next-generation plants to serve the growing community with a total cooling capacity of 256,000 tons

$15 million solar power plant to be established in Abu Dhabi’s KEZAD facility

This 27,000 square metre project is part of KEZAD's ongoing efforts to develop innovative clean energy environments

Dubai Chamber of Commerce launches ESG Label to promote sustainable business practices

The label helps organizations assess their ESG preparedness and maturity, earn recognition, and drive business growth

UAE’s non-oil foreign trade reaches record $379.81 billion in H1 2024


The country’s key exports like gold, jewelry, and metals have driven strong non-oil export growth, Al Zeyoudi says

World’s second largest 2,492-carat diamond unearthed in new mining discovery

Lucara recovered the diamond using its "Mega Diamond Recovery X-Ray Transmission" technology

UAE’s AD Ports Group embraces digitalization, big data to optimize smart operations

The Group's experts address industry challenges like software interoperability, cybersecurity, and change resistance

UAE’s EGA inks equity purchase agreement to acquire 80 percent of U.S. recycling firm Spectro Alloys

Acquisition to significantly grow EGA's business and expand its offering to customers with domestic production

Manufacturing sector’s 9.2 percent expansion boosts Oman’s economic growth in Q1 2024

Oman's 10th Five-Year Plan aims to boost manufacturing's GDP contribution from 10 percent to 12.2 percent by 2025

Oman’s Nizwa: A thriving industrial hub with $1.23 billion investment, 173 projects

A 78,000 square meter residential project is being planned and will be open for investment soon

11 UAE e-commerce giants pledge for safer online shopping

Amazon, Noon, Al-Futtaim Group among first companies to sign up to voluntary pledge

Global economic zones converge in Dubai in September for 10th World FZO World Congress

The event will highlight how these zones contribute to national economies by promoting trade, commerce, and the digital economy

Egypt’s private sector fuels 37 percent of investment, driven by 293 reforms

The report shows that 64 percent of measures focused on boosting investment and industry