The Middle East recorded sustained merger and acquisition (M&A) activity in the first quarter with 196 deals valued at $23.3 billion being announced compared to 207 deals worth $31.3 billion last year. UAE accounted for 33 transactions valued at $2.2 billion, down from 52 deals in Q1 2025, said a report.
US President Donald Trump has signed a proclamation amending his national security tariffs on some aluminum, steel and copper imports, effective until December 31, 2027. It lowers tariffs on some steel and aluminum derivative products, including certain types of residential HVAC equipment.
Regional benchmarking, data interoperability, and managing market expectations can help the GCC industry transition toward more circular plastics systems, writes Noora Mukhtar, Senior Research Specialist, GPCA
CargoX, an autonomous delivery platform based in UAE, said it has raised $250 million from an investor group, led by BlueFive Capital. The funding is mainly aimed at supporting the expansion of CargoX’s autonomous logistics network across the UAE and international markets.
AVEVA, a global leader in industrial software, and Amazon Web Services (AWS) have announced a multi-year Strategic Collaboration Agreement (SCA) to accelerate the delivery of industrial intelligence in the cloud.
Gordon Brothers, a global asset expert, has announced a major online sale of heavy fabrication and forming machinery to be held on June 11.
Aluminium Bahrain (Alba) has agreed to acquire Aluminium Dunkerque – the largest aluminium smelter in the European Union – in a deal worth $2.2 billion, a report in the Gulf Daily News said.
Positron AI, a US-based developer of next-generation specialised AI inference infrastructure, has established its first presence outside the country in the Dubai International Financial Centre (DIFC)), the leading global financial centre in the Middle East and Africa region.
Abu Dhabi Maritime Academy (ADMA) has signed a memorandum of understanding with Bahrain Polytechnic to strengthen cooperation in the areas of education, training, and applied research.
DP World, the global trade enabler, has announced that it will jointly invest, along with the Government of the Dominican Republic, an additional $100 million to expand logistics and warehousing infrastructure at the DP World Free Trade Zone (FTZ) in Caucedo.
