Saudi Arabia's Transport General Authority raised the Saudi flag aboard two vessels at Ras Tanura Port and Jeddah Islamic Port on the Kingdom's eastern and western coasts.
Saudi industrial manufacturer National Metal Manufacturing and Casting Co said its subsidiary has signed a supply contract worth more than SAR10 million with Harbin Electric International Company for equipment to be used in a major power project in the Kingdom.
Saudi mining company Almasane Alkobra Mining Company (AMAK) said it has completed the incorporation of a wholly owned drilling and exploration services subsidiary, marking a further step in expanding its mining support capabilities.
China's factory activity stalled in May, signalling continued pressure on the sector from weak domestic demand and rising production costs, an official survey showed on Sunday.
UAE’s real GDP grew by 6.2% in 2025 over the previous year to hit AED1.9 trillion ($517 billion), thus reflecting the effectiveness of the country's strategy to develop a diversified and sustainable economic model, backed by robust growth in non-oil sectors, said a report.
Inchcape Shipping Services, a leading UK-based port agency and marine services provider, has opened a new office in Brunei Darussalam, strengthening its local presence in a strategically important market for offshore, naval and logistics operations in Southeast Asia.
Leading Irish group EcoModular has entered into an agreement with Saudi-based project management consultancy IDS and Latvia's Modul Consult to establish tripartite framework for volumetric modular development across Europe, KSA and the wider GCC region.
Global air cargo demand rose 4% year-on-year in April, supported by robust Asia-linked trade flows, despite severe disruption at major Gulf hubs from conflict in the Middle East that reshaped trade routes and constrain capacity on key corridors, said a report.
Iran will restore commercial shipping through the Strait of Hormuz to pre-war levels within a month as per the draft of an initial unofficial framework for a memorandum of understanding with the United States, a Reuters report quoting Iran's state TV said.
Sustainability Forum Middle East (SFME), in partnership with Tabreed Bahrain and Boston Consulting Group (BCG), has announced a line-up of high-level speakers for its upcoming round-table on “Accelerating Energy Efficiency Delivery under Bahrain’s National Energy Strategy.”
