Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, delivered strong financial results in 2025 with its net profit reaching AED481 million ($131 million), up 23% compared to the same period last year.
Apple is gearing up for the release of the developer beta of its redesigned voice assistant, internally dubbed 'Siri 2.0,' as part of the upcoming iOS 26.4 update. The new version is powered by Apple Foundation Model (AFM) v10, a 1.2 trillion parameter system developed in a landmark partnership with Google.
The Hope Fund, in partnership with Bahrain's industry ministry, has unveiled a new identity for the HQ Industrial project, being developed on a 53,000 sq ft area in the Salman Industrial City. It is the largest shared industrial workspace in Bahrain and the kingdom’s first specialised industrial incubator focused on manufacturing.
UAE's real estate market ended 2025 on a successful note thanks to the strong performance across its key sectors including commercial, residential and industrial, mainly driven by resilient non‑oil economic activity, population growth and sustained domestic and global investment appetite, said an industry expert.
ROSHN Group, Saudi Arabia's leading multi-asset class real estate developer powered by sovereign wealth fund PIF, has signed the Heads of Terms to form a joint venture with Agility Logistics Parks to develop a Grade A facility over a 1 million sq m area in the kingdom.
Ali Abdulwahab Al Mutawa (AAW), the exclusive distributor of Nolte Kitchen in Kuwait, has relaunched its Express Kitchen showroom, thus introducing the brand’s new visual identity in the country. The renovated space features the German brand's latest innovative kitchen solutions.
Lockheed Martin and Saudi-based technology leader Pioneers Technical Systems Co (PTS) have announced a strategic partnership to establish the Saudi Arabia’s inaugural PAC-3 ground depot. The facility will provide testing, repair and certification of PAC-3 launcher components for the Royal Saudi Air Defense Forces’ PATRIOT missile defence system.
Leading Saudi shipping and logistics company Bahri has announced a record net profit of $2.43 billion and revenue of $10.35 billion for FY 2025, supported by a strong performance in the second half as well as fleet expansion and disciplined operational execution.
Saudi Arabian Military Industries (SAMI) Group launched several new key units at the World Defense Show, which opened in Riyadh on Monday.
Ashmore Investment Saudi Arabia, has signed the first investment under its Industrial Initiative, with the acquisition of a minority stake through a primary capital increase in Pharco KSA, the Saudi subsidiary of Pharco Pharmaceuticals.
