Industry

Nissan, Honda call off $60 billion merger talks amid increasingly volatile market environment

Honda CEO says the company wants to think about the possibility of collaborating with companies other than Nissan and Mitsubishi Motors

Alpha Dhabi hits milestone with $17.26 billion in full-year revenue

The holding company will continue to set its sights on growth, advancing action both horizontally and vertically to sustain the momentum of 2024

PIF acquires 30 percent stake in Masdar Building Materials company

PIF’s investment will enable Masdar to transform its operations through digital technology

Saudi Arabia’s industrial production index surges by 2.1 percent in December 2024: GASTAT

Growth is driven by growth in manufacturing, water supply, sewerage, and waste management and remediation activities

Qatar, Türkiye join regional integrated industrial partnership, unveiling over $2 billion in new projects

This addition strengthens the partnership, enhancing industrial integration and cooperation for a sustainable economy

Jordan seeks stronger economic ties with Qatar, Bahrain, Morocco, and Turkey

The kingdom is working in partnership with the private sector to enhance its industrial capabilities

Saudi Arabia launches King Salman Automotive Cluster, targeting $24.5 billion GDP boost by 2035

The hub will drive Kingdom's economic diversification and serve as a catalyst for sustainable transportation

TA’ZIZ awards SAMSUNG E&A $1.7 billion contract to build UAE’s first methanol plant

In its initial phase, TA'ZIZ will produce 4.7 million tons per annum of chemicals by 2028

Abu Dhabi’s ADQ, Orion Resource partner to invest $1.2 billion in metals, mining sector

Joint venture to invest in buying shares, providing loans and securing deals tied to production

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