Industry

Abu Dhabi’s IHC reports 46 percent rise in revenues to $11.35 billion in H1 2024

IHC continued to expand its balance sheet with a 37 percent rise in its total asset position to AED362.9 billion

OZON Pharmaceuticals to develop $80 million manufacturing facility at Dubai Industrial City

Facility to have a production capacity of more than 300 million tablets annually in phase 1

Surge in demand for industrial and logistics assets reaches 185 percent in Dubai, Abu Dhabi: Report

The Jebel Ali Industrial Area Second Category saw rents jump 38.5 percent to AED36 ($9.80) per sq ft.

Dubai’s Mashreq Bank allocates additional $272.25 million in financing for industrial companies

The move aligns with the objectives of the National Strategy for Industry and Advanced Technology, Operation 300Bn

Egypt’s manufacturing and extractive index declines 12.61 percent in April

Egypt's index for basic pharmaceutical product manufacturing declined 15.13 percent from 92.22 in March to 78.27 in April

Oman climbs five spots in 2024 Competitive Industrial Performance Index

Oman's tech investments, automation, and supply chain consolidation have driven economic improvement

Chinese automakers set to capture 33 percent global market share by 2030: Report

By 2030, Chinese brands are likely to be dominant force around the world, selling nine million units outside China

KEZAD Group, NMDC Energy ink $100 million agreement for manufacturing facility in Abu Dhabi

Project will serve as a strategic hub for the region's oil and gas sector, offering world-class services

Etihad Credit Insurance’s ‘Xport Xponential’ initiative to boost UAE exports

Xport Xponential offers beneficiaries comprehensive credit facilities, innovative financial solutions

Make it in the Emirates Forum: $111.6 million land capacity expansion at Dubai Industrial City

Land occupancy at Dubai Industrial City grew by 12 percent to reach 97 percent in Q1 this year

Make it in the Emirates forum: MoIAT, EDB to launch $100 million AI financing support

The program aims to create opportunities for local and global technology developers and startups

Make it in the Emirates forum: $6.26 billion boost for local manufacturing

There will be investments worth AED20 billion in new industrial projects, Dr Al Jaber says

Third edition of Make It in the Emirates Forum begins in Abu Dhabi, focusing on investment, innovation and growth

The forum features a diverse range of participants, including government, business, and financial representatives

QatarEnergy inks 15-year urea supply agreement with Koch Fertilizer

Starting in July 2024, the agreement stipulates the supply of up to 0.74 million tons per annum of Qatari-origin urea to Koch Fertilizer

Third Make It in the Emirates Forum to begin on Monday in Abu Dhabi

The previous two editions generated AED121 billion ($33 billion) worth of local procurement opportunities

Qatar’s industrial production index reaches 100.2 points in March 2024, increasing by 4.7 percent

Data showed a 4.8 percent increase in the mining sector compared to February 2024

Saudi Arabia’s Ministry of Industry issues 12 new mining licenses in March 2024

The licenses cover 10 building materials quarry licences, one mineral ores surplus licence, and one reconnaissance licence

Abu Dhabi’s Mubadala to invest in $4.2 billion urea plant in Australia

The state-of-the-art facility is expected to produce over two million tons of urea annually

China’s Xinxing Ductile to invest $400 million in Egypt within 5 years

In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory

$410 billion in investments propel Saudi Arabia’s mining sector growth

$2.5 trillion in mineral wealth support Saudi Arabia's diversification efforts

Saudi Arabia’s industrial production index up 1 percent in February

Index reveals 2.1 percent annual increase in manufacturing activity

Saudi MODON attracts investments worth $3.85 billion in 2023: Report

MODON received the "Most Attractive Destination for Investments Award" in 2023