Holcim UAE (earlier Lafarge Emirates Cement) has, in partnership with carbon storage innovator 44.01, achieved a major milestone in industrial decarbonisation with the commissioning of a continuous carbon capture and underground mineralisation pilot at a cement facility in Fujairah.
Bitget, the world's largest Universal Exchange, has launched Project Archimedes, a $300 million institutional capital programme aimed at supporting quantitative trading firms and asset managers across the Middle East and North Africa. It aims to support 50+ promising projects in the next six months.
Global chip giant Nvidia is teaming up with Wall Street's big guns including Apollo, Blackstone and Goldman Sachs to mobilise over $500 billion for AI infrastructure, as part of its ambitious plan to turn AI chips into a new asset class that investors can fund much like real estate or other critical infrastructure.
EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, said it had supplied locally manufactured rebar and more than 80,000 tonnes of cement for the Etihad Rail project. These were used in the construction of passenger stations across Al Dhafra region and Abu Dhabi.
Al Rajhi Capital and LogiPoint have entered into a deal to establish a dedicated investment fund for the development of the South Jeddah Logistics and Industrial Park, a landmark mixed-use logistics and industrial project in the Saudi port city, at a total investment of SAR5 billion ($1.3 billion).
Saudi Ceramics Company has announced that it has entered into an agreement with Sadr Logistics Services Company for the supply of wooden pallets and installation of storage systems at the company’s central warehouse in Riyadh. The entire work is set to be completed within four months.
A consortium led by French utility giant EDF power solutions with members Al Khadra Partners and OQ Alternative Energy (OQAE), has achieved a major milestone with the financial close for the 120MW Jaalan Bani Bu Ali (JBB) Wind Independent Power Project in the Sultanate of Oman.
The Hub – Transport Advisory, a UK-headquartered specialist transport sector consultancy, has announced its expansion into Saudi Arabia with the support of AstroLabs, the Gulf’s leading business setup and growth platform. The Hub is already supporting Saudi Arabia Railways (SAR) on a strategic project.
Saudi Aramco Base Oil Company (Luberef) has announced that it had extended its utilities sales and land lease agreement with its majority stakeholder and global oil giant Aramco through 2030, supporting the continued operation of its key facility in Jeddah as well as Group I base oil production.
Adnoc Logistics and Services (Adnoc L&S) posted record 2026 results, with second-quarter revenue surging 98 per cent to $2.584 billon, EBITDA jumping 176 per cent to $1.106 billon and net profit rising 303 per cent to $951 millon.
