Oman's Public Establishment for Industrial Estates (Madayn) is offering investors in Al Suwaiq Industrial City up to five years of rental incentives, including a two-year exemption from land rent followed by a 50 per cent discount for the next three years, as it seeks to attract businesses to one of the Sultanate's newest industrial hubs.
The United Arab Emirates’ advanced technology and defence group, EDGE, has signed a memorandum of understanding (MoU) with Italy's region of Basilicata to explore opportunities for industrial collaboration, knowledge exchange, and talent development.
The United States and Iran have announced an agreement aimed at ending months of conflict and paving the way for the reopening of the Strait of Hormuz, a vital shipping route for global energy supplies, although key details of the accord remain unclear.
The UAE has announced plans to set up a national body responsible for data, artificial intelligence and digital government in the country. The move is aimed at improving the quality of life, thereby strengthening the nation's competitiveness and global leadership in the digital economy.
The Kuwait Investment Authority (KIA) has joined forces with artificial intelligence (AI) chip giant NVIDIA, private equity firm KKR and US integrated power generation firm Vistra to launch a new AI infrastructure company - Helix Digital Infrastructure - at a total investment of over $10 billion in long-duration capital commitments.
Saudi Arabia has awarded licences to key industry players including Unigaz Arabia and Tazweed as well as a NGC-Zamil consortium for the establishment, development, operation and maintenance of strategic LPG infrastructure including filling and storage facilities across the kingdom.
Global air cargo volumes rebounded in the first week of June as airlines restored capacity following disruptions caused by a convergence of public holidays in Europe (Pentecost), US (Memorial Day) and Eid Al Adha festival affecting notably Middle East & South Asia and Africa origin regions.
Ras Al Khaimah has wrapped up a four-day investment roadshow in China, pitching the northern emirate as a gateway to the Middle East, Africa and Europe (EMEA) region and seeking to attract Chinese companies across key sectors including manufacturing, logistics and technology.
The UAE's Tawazun Council for Defence Enablement is seeking to explore co-operation opportunities and strengthen the integration of the UAE's defence industry into global value chains during its participation at the Eurosatory 2026, a leading defence and security exhibition in Paris.
A high-level delegation of government and business leaders from Ras Al Khaimah have highlighted the emirate’s opportunities for green tech and manufacturing during a high level tour of China’s Guangdong and Fujian Provinces.
