At least five people were killed and five others injured when an Amazon cargo aircraft operated by 21 Air overran a runway while landing at Miami International Airport on Sunday, striking several vehicles and catching fire.
OQ Alternative Energy (OQAE) and Asyad Group have signed an offtake term sheet to advance the deployment of green hydrogen for mobility applications in Oman, marking an important step in connecting its emerging green hydrogen capabilities with low-carbon transport solutions.
Qatar's Export Unit Value Index for the second quarter recorded an increase of 17.64% compared to the previous year, thus reflecting higher unit values of exported goods and demonstrating the resilience of the Qatari economy amid international developments.
Saudi Basic Industries Corporation (SABIC) said its subsidiary Saudi Methanol Company (AR-RAZI) has received approval from the Ministry of Energy to allocate the feedstock required to develop a new methanol production plant with an annual capacity of 1.8 million tonnes in Jubail.
EcoCortec, one of Europe’s most advanced manufacturers of environment-friendly packaging, has unveiled Cortec VpCI packaging which lets plants bypass the washing stage altogether.
Worldwide air cargo tonnages increased in August 5% compared to the same month last year, while volumes from Hong Kong to Europe have fallen -30% and dropped -24% below their level in June.
Magna AI, the global integrated-value-chain sovereign AI transformation leader powered by NVIDIA, has announced a strategic partnership with MBUZZ, a Saudi-headquartered ICT infrastructure company, that will see the duo deliver AI infrastructure and transformation services to enterprises across MEA region.
Global food prices rose in August to their highest level since late 2022, driven by adverse weather conditions and international shipping disruptions, the UN Food and Agriculture Organisation (FAO) said on Friday.
Oman's Al Mazunah Free Zone has localised four projects during the first half, covering industrial and logistics sectors spanning 2,415 sq m. With this move, its cumulative investment in the free zone has risen to RO141 million ($366 million), with leased space topping 1.4 million sq m out of a total 15.36 million sq m.
Saudi Arabia's PayTabs Group and Amazon Payment Services have agreed to a more than $100 million deal under which PayTabs will acquire Amazon's Middle East and North Africa (MENA) payments operations, a transaction that will further consolidate the region's fragmented payments market.
