The global economy has proved more resilient than expected in the face of the energy supply shock triggered by the conflict in the Gulf, with global growth for 2026 holding at around 3%, International Monetary Fund Managing Director Kristalina Georgieva said.
Nigeria is in talks with the UAE on proposals to increase its electricity generation capacity by 5,000MW with solar power among the key areas of co-operation, said a report. The two countries also explored co-operation in solar energy, financing and technical expertise.
Global semiconductor company AMD and Humain, Saudi Arabia’s new AI enterprise, have announced a landmark investment of up to $10 billion to build a next-generation AI infrastructure ecosystem spanning Saudi Arabia and the US.
Veolia, a global leader in environmental services, has signed three strategic memorandums of understanding in water technologies and hazardous waste management with major players in Saudi Arabia's industrial development.
Dubai Chambers has launched specialised training tracks aimed at equipping more than 14,000 member companies with the skills to adopt Agentic AI across their operations.
Trina Storage, a global leader in energy storage solutions and a business unit of Trinasolar, will launch at the Middle East Energy 2026 its latest its latest Elementa + Electra energy storage solution for the first time in the Middle East at the Storage Pavilion.
The number of new economic licences issued to Emirati businesswomen in Abu Dhabi rose 6.4% in the first half of 2026, highlighting the growing role of women entrepreneurs in the emirate’s economy.
Saudi National Industrialization Company (Tasnee) has completed the sale of 100% of the share capital of Al Rowad Industrial Transformation Company to Saudi Holding Company for Conversion Industries (Tahweel Holding), with the final transaction consideration set at SAR683.979 million ($182.4 million).
Saudi Chemical Company Holding has announced the commencement of commercial production at its TNT production plant, following the completion of all operational readiness requirements.
Swisslog, a global leader in automated logistics solutions, will demonstrate how adaptable automation can help warehouse operators respond as volumes increase, product ranges expand, and service requirements evolve, at the Saudi Warehousing & Logistics Expo in Riyadh.
