Bahri, a global leader in transportation and logistics, has awarded a SAR1.7 billion ($446 million) contract to International Maritime Industries (IMI), an integrated maritime facility in the Mena region, for the construction of three Very Large Crude Carriers (VLCCs), each with a 320,000 deadweight tonnes (DWT) capacity.
Saudi Basic Industries Corporation (SABIC) reported a 14 per cent quarterly revenue increase to SAR28.17 billion ($7.51 billion) in Q3 2026, while adjusted EBITDA rose 40 per cent to SAR4.75 billion. Adjusted net income rebounded to SAR840 million.
Dubai Chambers has discussed ways to strengthen trade and investment cooperation between Dubai and Colombia at a meeting with a delegation of members of the Board of Directors of the Bogotá Chamber of Commerce.
FIX Dessert Chocolatier has won the Dubai-it Award for Projects in the Field of Business.
Abu Dhabi Future Energy Company (Masdar) has signed an agreement to acquire and develop one of Greece’s largest solar projects, strengthening the country's clean energy infrastructure and supporting its ambitions as a European digital hub, while deepening the strategic partnership between the UAE and Greece.
Thailand-based PTT Exploration and Production Public Company has partnered with Italy’s integrated energy major Eni to set up a joint venture company, Seela Energies B.V., that will hold their participating stakes in the Ghasha Concession Project offshore Abu Dhabi.
MAHY Khoory Group, one of the UAE’s longest-established diversified business groups, has announced plans to develop PM4, a paper manufacturing project incorporating the latest global technologies, at Union Paper Mills’ (UPM) Al Dhafra plant in Abu Dhabi, with an investment exceeding AED 1 billion ($272.2 million).
British infrastructure development company Yamna is set to sign an agreement with Omani authorities for setting up a major artificial intelligence data centre in Salalah. A mega project for the region, the upcoming facility is likely to see an investment of over £1 billion ($1.3 billion) in the first phase, said a report.
The UAE plans to invest an additional $15 billion in Greece over the next five to eight years, targeting energy, hospitality, artificial intelligence, technology, industry and infrastructure, according to Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade.
Leading regional budget carrier flydubai has announced that work is nearing completion on its 32,600-sq-m aircraft maintenance centre in Dubai South and is on schedule for build finalisation by the end of this year. After construction, the project will enter an extensive operational readiness and technical commissioning phase.
