A Saudi vessel, NCC MASA, sustained minor hull damage after coming under attack while sailing in the Red Sea on Friday, reported state news agency SPA. The vessel continued its voyage after the safety of the crew and the ship was confirmed.
BP is in advanced talks to sell its solar business, Lightsource, to a consortium backed by Kuwait Investment Authority, and Qualitas Energy, a private equity firm focused on green energy, as the energy major sharpens its focus on oil and gas to bolster returns, said a report.
Kuwait Oil Company has announced that it has signed a $16 billion lease-and-lease-back agreement involving its entire domestic and export pipeline network with a consortium of international infrastructure and institutional investors led collectively by Blackstone, Brookfield and KKR.
The United States has imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 major trading partners, including several Middle Eastern countries, after concluding that they had failed to take sufficient action to prevent goods produced with forced labour from entering their markets.
AMMROC, the region's leading provider of MRO solutions, has signed an agreement with Airbus Defence and Space, a global military aircraft and aerospace systems major, to explore strategic co-operation opportunities aimed at enhancing military aircraft maintenance and support capabilities across the region.
The National Fire Protection Association (NFPA) announced on Thursday that Romnish Kapoor has joined NFPA as Regional Sales Manager for the Middle East North Africa (MENA) region, strengthening the organisation’s growing presence across the region.
SURJ Sports Investment, a Saudi PIF company, together with Live Nation and Oak View Group (OVG), has announced the launch of radia, a joint venture to support the growth of the kingdom’s sports infrastructure - including venue management, operations, activations and commercialisation.
AIREV, the Abu Dhabi-based creator of the OnDemand autonomous AI platform, has signed an agreement with Redington, a leading technology aggregator and innovation catalyst, to distribute its agentic AI platform, OnDemand, across the GCC and the whole of Africa.
DP World has announced that it has entered into a 50-year concession agreement to develop two multipurpose container ports in Fujairah. Once operational, the development will boost DP World's total container handling capacity in the UAE to almost 22 million TEUs from 19.4 million TEUs.
East Pipes Integrated Company for Industry has announced that it had signed agreements with selected suppliers such as Saudi Liebherr and US-based Vaccuworx, a leading provider of vacuum lifting equipment for a number of industries, to acquire strategic material handling assets.
