EFG Hermes, an EFG Holding company and a leading investment bank in the Mena region, has announced the successful closing of an E£5.1 billion corporate bond issuance for EFG Corp-Solutions. The transaction marks the largest corporate bond issuance ever completed in Egypt’s debt capital market.
ASMO, the joint venture between Saudi Aramco and DHL, has appointed Nico Schuetz as Chief Executive Officer, effective June 1, 2026.
Swedish conglomerate Alfa Laval has appointed Alban Hohmann‑Schauly as its new Vice President of Energy unit for the Middle East, South & East Africa region. With over 16 years global experience in the energy and digital infrastructure, Alban has built a strong track record in market analysis and customer segmentation.
SAFEEN Drydocks, a shipbuilding, repair and maintenance company, has secured two major vessel construction contracts valued at AED1.3 billion ($354 million) in total, marking the largest awards secured by SAFEEN Drydocks to date and reinforcing the UAE’s growing position as a shipbuilding hub.
The Arab Shipbuilding and Repair Yard Company (ASRY) has announced the completion of its 200th offshore rig project belonging to Gorilla Class category. The Valaris 250 offshore rig achieved a key safety milestone clocking more than 700,000 LTI-free manhours.
McDermott, a premier provider of engineering and construction solutions to the energy industry, has been selected by Saudi oil giant Aramco as one of the 11 selected contractors for project management consultancy to support delivery of large-scale energy, petrochemical and low carbon projects across the kingdom.
HYXI (formerly HYXiPOWER), a global smart energy innovator, showcased its latest AI-native smart energy ecosystem at SNEC 2026 in Shanghai under the theme "Smarter Energy for All," highlighting its vision for AI-native energy autonomy across residential, C&I, and utility-scale scenarios.
IFS, a leading provider of Industrial AI software, today launched IFS Zero, an agentic emissions operating system designed for the world's most asset-intensive industries.
Saudi food conglomerate Almarai has announced that it has opened nominations for the 2026 edition of its food security research award, offering $500,000 to support scientific work aimed at improving food security in dryland regions.
Georg Fischer (GF), a Swiss company dedicated to the manufacture, supply and marketing of thermoplastic piping systems, has announced the opening of its commercial office in Riyadh. With this move, GF aims to bring its global Flow Solutions expertise closer to its customers in Saudi Arabia.
