McDermott, a premier provider of engineering and construction solutions to the energy industry, has been selected by Saudi oil giant Aramco as one of the 11 selected contractors for project management consultancy to support delivery of large-scale energy, petrochemical and low carbon projects across the kingdom.
HYXI (formerly HYXiPOWER), a global smart energy innovator, showcased its latest AI-native smart energy ecosystem at SNEC 2026 in Shanghai under the theme "Smarter Energy for All," highlighting its vision for AI-native energy autonomy across residential, C&I, and utility-scale scenarios.
IFS, a leading provider of Industrial AI software, today launched IFS Zero, an agentic emissions operating system designed for the world's most asset-intensive industries.
Saudi food conglomerate Almarai has announced that it has opened nominations for the 2026 edition of its food security research award, offering $500,000 to support scientific work aimed at improving food security in dryland regions.
Georg Fischer (GF), a Swiss company dedicated to the manufacture, supply and marketing of thermoplastic piping systems, has announced the opening of its commercial office in Riyadh. With this move, GF aims to bring its global Flow Solutions expertise closer to its customers in Saudi Arabia.
Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity.
The Saudi economy is proving resilient in the face of the war in the Middle East thanks to strong fundamentals and diversified logistical and oil infrastructure, said an International Monetary Fund (IMF) mission statement.
Emirates NBD, a leading banking group in the region, has announced that its corporate advisory practice has chosen to implement Bloomberg’s globally recognised sustainability data and analytics, in a move aimed at providing strategic advice to UAE companies on financially material risks and opportunities.
A consortium led by Abu Dhabi National Energy Company (Taqa) with Saudi group Aljomaih Energy and Water Company and China's Sembcorp Industries has secured the contract for the Taweelah combined cycle gas turbine (CCGT) project in Abu Dhabi with a 2.6GW capacity.
Metal Park, the world’s first integrated Asset-as-a-Service ecosystem dedicated exclusively to the metal industry, has signed a strategic collaboration with SGS to strengthen inspection, testing, verification, and laboratory capabilities across the growing metal ecosystem in KEZAD, Abu Dhabi.
