Egypt has launched an international bid round for oil and gas exploration across 14 new areas, covering the Mediterranean Sea, Nile Delta, North Sinai, Gulf of Suez, Sinai and Western Desert. Production had started from Belayim Marine 133 well in the Gulf of Suez, with initial output of about 1,500 barrels per day.
Oman's Public Establishment for Industrial Estates (Madayn) said it aims to develop four industrial cities in key governorates across the sultanate spanning a total area of 25.5 million sq m. This comes as part of its grand 11th Five-Year Development Plan for 2026-2030 period.
Abu Dhabi-based Global South Utilities (GSU) has announced the opening of the largest infrastructure project in the Central African Republic's history at Sakaï. The project combines a 50MW solar PV facility with a 15-megawatt-hour Battery Energy Storage System (BESS),
SAL Logistics Services, Saudi Arabia’s national leader in cargo handling, logistics and supply chain management, has received the International Air Transport Association (IATA) Security Management System (SeMS) Level 1 certification.
A consortium of Saudi utility giant Acwa Power and US group Air Products has completed construction work on the $8.5-billion green hydrogen project at Oxagon within Saudi Arabia’s mega futuristic city NEOM, and commercial operations are set to begin next year, said a report.
FDI Group, a UK-based specialist fire protection contractor, has expanded its regional operations with the launch of Fire Dynamics International. This new business boosts the group's presence in UAE by adding a dedicated contracting division alongside its fire safety consultancy.
Sokoyo, a top Chinese manufacturer of solar street lights, has announced that it has completed the lighting units installation work for QatarEnergy at its Ras Laffan and Masaieed solar project facilities. The power project is being developed by Samsung C&T Corp.
Emirates Global Aluminium (EGA) has announced robust results for the first half, recording a 34% jump in adjusted net profit which rose to AED2.46 billion ($670 million) from AED1.84 billion ($500 million) helped by higher realised aluminium prices and stronger regional premiums.
Skyro, a digital-first consumer finance platform based in Bahrain, is expanding into Saudi Arabia and has appointed former Mastercard executive Maria Medvedeva as the regional managing director. In this role, she will oversee Skyro's market entry in Saudi Arabia and its broader expansion across the region.
Abu Dhabi National Oil Company's six listed firms - ADNOC Distribution, Borouge, Fertiglobe and ADNOC Drilling as well as its gas and logistics units - reported a combined revenue of $25.3 billion in H1 with big investments and project awards likely to support growth across the portfolio.
