Industry

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

Abu Dhabi’s ADQ to acquire minority stake in Sotheby’s

ADQ will acquire newly issued shares of Sotheby’s to reduce leverage and support growth plans

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