The manufacturing unit, set to span 40,000 square metres, will produce industrial parts, components and machinery for the oil and gas, locomotive, and defence sectors
Despite facing headwinds in both export and domestic markets, the group sustained a stable performance throughout the period
The steel manufacturing facility has an annual production capacity of 2.5 million tonnes of direct reduced iron and nearly 1.7 million tonnes of steel
The establishment of the Jeddah factory is expected to create job opportunities for Saudi youth
The VP and GM of Honeywell Building Automation (META) delves into the company’s expansion strategy in Saudi Arabia, including the opening of its new facility in Dhahran
NMDC Energy plans to invest $100m in the modular fabrication manufacturing facility
By focusing on local manufacturing and sustainability, Acino is set to play a significant role in the UAE’s pharmaceutical industry
The personal computer and AI server maker plans to build a research and development centre in Riyadh as part of the deal
The development bank seeks to provide Dhs30bn in financing to support 13,500 companies within five priority sectors by 2026
The energy company has expanded its ICV programme to drive Dhs178bn back into the UAE’s economy by 2028
Tosyali is pursuing investment opportunities in Europe and the Americas as it aims to become one of the world’s top 30 iron and steel producers
The firm plans to invest $100bn by 2030 to develop key partnerships and build advanced manufacturing capabilities
The treaty is meant to address plastics through their entire lifecycle – from when they are produced, to how they are used and then disposed of
As part of the agreement, Masdar and EGA will collaborate on several fronts, including exploring joint development of renewable energy projects
The deal, which is the aluminium producer’s first major acquisition since its formation in 2014, is expected to close during the first half of 2024
The contracts cover a wide range of defence technologies and initiatives, with a focus on enhancing military equipment and infrastructure
Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai Industrial City
Midha, a seasoned business leader with experience across Asia, the US, India, and Singapore, joins Alat from Dell Technologies
The furniture retailer has announced price cuts in Germany – its biggest market by sales – as well as Sweden and the UK
The action plan set out in the roadmap will cut 90 million tonnes of carbon dioxide annually
In line with one of the deals signed, EDGE will integrate its guided-glide weapon solutions onto aircraft and other Calidus platforms
Google counts India as a key growth market, where most smartphones run on its Android ecosystem
The deal is expected to close before the end of the first quarter of 2024
The robust profitability in the first half of the year was driven by continued high demand for the company’s steel products and stable margins
The question of who controls the critical metals needed to both sustain and decarbonise the world’s economies has turned into a global flashpoint
The 450,000 tonnes per annum medium section mill will produce railway steel parts and other products
Global steelmakers face technological hurdles as well as massive costs to green their operations
The new operating model has resulted in the creation of two separate business units – Emirates Steel and Building Materials
The facility will enable Tubacex to establish a strong presence in the UAE while reaching out to its global network of clients
Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, announced more than 30 innovative industrial projects valued over Dhs6bn on the first day of the forum