Damen Shipyards Group, a Dutch defence, shipbuilding, and engineering conglomerate company, has signed an agreement with Canadian maritime group Seaspan ULC for the delivery of two highly manoeuverable, modern type of tug, ASD Tugs 2813. The ASD Tugs 2813 will be the first Damen Tugs to enter the Seaspan fleet.
Presidio Investors, a key private equity firm, has announced the sale of US-based ElevATE Semiconductor to Nasdaq-listed Diodes Incorporated for $250 million. Based in California, ElevATE is a leading designer of low-power, high-density integrated circuits for the automated test equipment industry.
Global engineering solutions provider Kent has strengthened its footprint in Saudi Arabia after securing long-term agreements and project management consultancy (PMC) contracts with Saudi oil giant Aramco, positioning the company for future brownfield EPC work in the kingdom.
Oman's Nama Power and Water Procurement Company (PWP) said it has invited qualified consultancy firms to bid for a contract to provide technical advisory services for the development and procurement of four utility-scale solar independent power producer (IPP) projects.
Following a successful January 2026 edition that brought together Saudi Arabia's built environment community with a spotlight on project finishing and delivery, Big 5 Construct Saudi is back this August with its focus firmly on the foundations of construction.
The Gulf faced a fresh escalation on Monday as US President Donald Trump announced the immediate reinstatement of a blockade targeting Iranian shipping in the Strait of Hormuz and proposed a 20 per cent charge on all cargo transiting the strategic waterway, intensifying a growing war of nerves between Washington and Tehran over one of the world's most critical energy chokepoints.
Saudi Power Procurement Company (SPPC) has announced that it has kicked off the qualification process for the third round of gas-fired independent power producer (IPP) projects in the kingdom. These projects will be developed under a build-own-operate (BOO) model.
Mubadala Bio has launched new hemodialysis products through its subsidiary Wellpharma, one of its Abu Dhabi-based manufacturing facilities.
SAL Logistics Services, a Saudi leader in cargo handling, logistics solutions, and supply chain management, signed a memorandum of understanding with King Salman Energy City Dry Port (SPARK Logistics) for cooperation in the logistics sector.
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, and the Dubai Department of Economy and Tourism (DET) have launched a DET Connect Account under DET’s “SME in a Box” platform to empower small and medium-sized enterprises (SMEs) with a comprehensive, digitally native banking solution.
