Manufacturers invest 69% of their IT budget into devices, software, and other technologies used to connect their frontline, gain greater asset visibility, and intelligently automate workflows, says a new research.
Ritchie Bros., one of the world’s leading industrial auctioneers, closed its Orlando (Florida) auction on a successful note generating more than $265+ million in total sales. It attracted more than 1,180 sellers, including 36 from outside North America, specially from EMEA and APAC countries.
EDGE, one of the world’s leading advanced technology and defence groups, has announced the launch of the first-of-class (FOC) BR71 MK II Combattante corvette, NRA Ekuikui II, under a landmark EUR1 billion contract for the Angolan Navy.
India’s decision to introduce additional documentation checks before end-of-life vessels are cleared could prevent the practice of fake documents among sanctioned vessels seeking recycling, said an expert. This comes amid a spurt in the number of vessels with fake documents due to rise of ‘dark fleet’.
Make it in the Emirates, the UAE’s flagship platform for driving industrial growth and transformation, has announced Emirates Global Aluminium (EGA) as the Advanced Manufacturing, AI, and Industry 4.0 Sector Partner for its 2026 edition, taking place at ADNEC Centre Abu Dhabi from May 4 to 7.
DP World has appointed Ahmad Yousef Al-Hassan as Chief Executive Officer and Managing Director for the GCC, overseeing an integrated portfolio spanning ports and terminals, economic zones, digital technology and logistics solutions across the UAE, Saudi Arabia, Oman and markets in the Upper Gulf.
The Saudi Ports Authority (Mawani) has announced the addition of the new JADE shipping service, operated by Mediterranean Shipping Company (MSC), to Jeddah Islamic Port, strengthening maritime connectivity between the Kingdom and Asian markets and supporting global trade flows.
Saudi Arabia’s real gross domestic product (GDP) grew by 4.5% in 2025 compared with 2024, driven by growth across all economic activities, with oil activities rising 5.7%. The total GDP at current prices reached SAR4,789 billion ($1275.70 billion) in the year.
A Greek-operated oil tanker has sailed through the Strait of Hormuz with a 1 million barrels cargo of Saudi Arabian crude and its destination listed as India, reported Reuters citing the data from ship tracking platforms Kpler and Lloyd's List Intelligence.
The Saudi Industrial Export Company (SIEC) has announced the signing of an supply agreement with GTronics & Significa Company for a key project in Syria. The scope of work includes delivery and implementation of single-phase and three-phase smart electrical meters in the country.
