Rabigh Refining and Petrochemical Company (Petro Rabigh) has appointed Eng Hassan bin Hamad Al Yami as its new President and Chief Executive Officer, following the resignation of Eng Othman bin Ali Al-Ghamdi from the post.
Dubai Chambers recently organised a series of roundtable discussions in Bengaluru, the capital of Karnataka, India, highlighting the diverse investment opportunities Dubai offers to Indian companies across various sectors, particularly in digital economy and advanced technologies.
The Trade in Services and Investment Agreement (TISIA) between the United Arab Emirates and the Russian Federation has officially entered into force, marking a significant advancement in bilateral economic relations.
The third board meeting of the UAE International Investment Council (UAEIIC) highlighted two products developed by the UAEIIC to support its members operating internationally.
National Bank of Oman (NBO), in collaboration with Sharakah, has completed the first workshop of its SME Growth Program in Muscat, bringing together entrepreneurs and small and medium-sized enterprise (SME) owners as part of its ongoing commitment to supporting Oman’s economic development.
Borouge, the Abu Dhabi-based petrochemicals company, has confirmed approval of an interim dividend of $656 million, equivalent to 8.1 fils per share, following its H1 2026 performance.
Nizwa Industrial City, affiliated with Oman’s Public Establishment for Industrial Estates (Madayn), has signed a long-term investment usufruct contract for a chemical mixing and oilfield equipment maintenance project valued at more than RO4 million ($10.4 million).
Saudi Vitrified Clay Pipes Company has announced that it had recently submitted an application to the kingdom's Capital Market Authority (CMA) seeking approval to reduce its share capital by nearly 70% (10.46 million ordinary shares) as part of a proposed restructuring to offset accumulated losses.
The Saudi Power Procurement Company (SPPC), the Principal Buyer, has awarded consortiums of Saudi Energy and Acwa Power as well as French utility major Engie contracts worth over SAR4.35 billion ($1.16 billion) for the first group of Battery Energy Storage System (BESS) projects in Saudi Arabia.
DP World has moved 500,000 twenty-foot equivalent units (TEUs) across the GCC through its road and rail network since March this year, giving customers more routing options amid disruption to regional shipping routes.
