The Aqaba Container Port Company has reported strong operational performance during the first half of the year with the Jordanian company recording a total handling volume of 472,680 TEUs compared to 468,062 TEUs in the same period last year.
Honeywell Technologies has completed its £1.325 billion ($1.8 billion) all-cash acquisition of Johnson Matthey’s Catalyst Technologies business, strengthening its portfolio across refining, petrochemicals and renewable fuels.
Saudi Ports Authority (Mawani) has signed seven contracts worth a total of SAR1 billion ($262 million) with national and international companies for the construction and expansion of logistics centres at Jeddah Islamic Port and the Al Khumra logistics zone.
The Sharjah Electricity, Water and Gas Authority (Sewa) said it has completed a project to connect natural gas services to Dibba Al Hisn in the northern emirate. The work involved construction of a gas pumping station, a 46-km pipeline network as well as providing internal connections to 200 residences.
Global demand for smaller commercial jets will remain robust over the next two decades as passenger traffic continues to grow, according to leading Brazilian planemaker Embraer, which has forecast 8,500 new aircraft deliveries worth about $650 billion by 2045.
Kuwait Petroleum Corporation (KPC) has announced that one of its oil facilities had been hit in "repeated Iranian attacks", causing significant damage and some injuries to firefighters and oil sector workers, according to the state news agency KUNA.
Global chemical leader Saudi Basic Industries Corporation (Sabic) has signed an agreement with China’s Rongsheng Petrochemical and its wholly-owned subsidiary Zhoushan to jointly advance the development of the Jintang New Materials Project in Zhoushan, Zhejiang Province, China.
Iraq and Syria have signed an agreement to rehabilitate the crude oil pipeline linking Haditha in Iraq with Baniyas in the war-ravaged country, reported the Iraqi News Agency (INA). A vital project for the region, it is likely to be implemented by US energy company Chevron.
Long-term air freight rates, which were earlier set to fall 5% to 10% in full-year 2026, are, however, now expected to rise 5% to 15%, driven primarily by the supply chain shock caused by the escalation of conflict in the Middle East, said Xeneta, the ocean and air freight rate intelligence solution, in its Air Freight Outlook 2026 Mid-Year Update
The UAE economy has shown remarkable resilience to the conflict in the Middle East, supported by strong buffers, timely and well-targeted policy response including by the government and the CBUAE Financial Institution Resilience Package, and the rerouting of oil and other trade flows, an International Monetary Fund (IMF) mission has said.
