Indian construction and engineering conglomerate Larsen & Toubro (L&T) has signed an agreement with Onaizah Colleges to prepare Saudi students for careers in renewable energy, supporting the kingdom’s energy transition and its Vision 2030 goal of developing a skilled national workforce.
Al Sharqi Shipping, a leading UAE-based logistics service provider, has inaugurated its new integrated logistics and distribution hub at Dubai Industrial City, part of TECOM Group.
The Middle East, North Africa and Pakistan are poised for a sharp economic recovery in 2027, with growth projected to reach 6.6 per cent after a war-induced contraction this year, although the International Monetary Fund (IMF) has warned that the rebound will be uneven and depend heavily on the restoration of energy production and trade.
Africa will need at least $125 billion in investment in oil refining through 2050, including funding for new projects, existing facilities and maintenance, an OPEC official said at African Energy Week 2026 in Cape Town, South Africa, as the continent's oil demand is projected to outpace refining capacity, said a report.
Global energy demand is set to jump 20% by 2055 driven by economic and population growth, said an industry expert, adding renewable energy and natural gas will likely account for much of the growth, creating big opportunities for investment in new gas projects and supporting infrastructure.
DP World, a leading provider of smart end-to-end logistics solutions, has appointed Jason Varsamidis as the new CEO and Managing Director for Asia Pacific region. In this role, he will lead the company's Asia Pacific portfolio of ports, terminals and logistics businesses across 22 geographies.
Oman Cables Industry has laid the foundation stone for a third manufacturing plant at Al Rusayl Industrial City as it seeks to expand production capacity to meet growing demand from the energy and infrastructure sectors across the sultanate, said a report.
The Saudi Council of Engineers (SCE) and German technical services company TÜV Rheinland have signed an agreement to strengthen co-operation in engineering oversight, regulatory compliance, digital transformation and professional development.
The UAE is all set to become the main crossing point for capital moving between East and West.
Dubai Customs has announced that its cashless payment transaction rate reached 99.3% of total payment transactions in the first half of 2026, compared with 99.4% in 2025 and 99.2% in 2024.
