China's factory activity stalled in May, signalling continued pressure on the sector from weak domestic demand and rising production costs, an official survey showed on Sunday.
UAE’s real GDP grew by 6.2% in 2025 over the previous year to hit AED1.9 trillion ($517 billion), thus reflecting the effectiveness of the country's strategy to develop a diversified and sustainable economic model, backed by robust growth in non-oil sectors, said a report.
Inchcape Shipping Services, a leading UK-based port agency and marine services provider, has opened a new office in Brunei Darussalam, strengthening its local presence in a strategically important market for offshore, naval and logistics operations in Southeast Asia.
Leading Irish group EcoModular has entered into an agreement with Saudi-based project management consultancy IDS and Latvia's Modul Consult to establish tripartite framework for volumetric modular development across Europe, KSA and the wider GCC region.
Global air cargo demand rose 4% year-on-year in April, supported by robust Asia-linked trade flows, despite severe disruption at major Gulf hubs from conflict in the Middle East that reshaped trade routes and constrain capacity on key corridors, said a report.
Iran will restore commercial shipping through the Strait of Hormuz to pre-war levels within a month as per the draft of an initial unofficial framework for a memorandum of understanding with the United States, a Reuters report quoting Iran's state TV said.
Sustainability Forum Middle East (SFME), in partnership with Tabreed Bahrain and Boston Consulting Group (BCG), has announced a line-up of high-level speakers for its upcoming round-table on “Accelerating Energy Efficiency Delivery under Bahrain’s National Energy Strategy.”
Aramco and Petronas signed an agreement for Petronas to acquire Aramco’s equity stakes in Pengerang Refining Company and Pengerang Petrochemical Company (PRefChem), located within the Pengerang Integrated Complex in Johor, Malaysia.
China’s installed power-generation capacity rose 14.2 per cent year-on-year to 3.99 billion kW by April-end, led by strong renewable growth, with solar capacity jumping 26.2 per cent to 1.25 billion kW and wind power increasing 22 per cent to 660 million kW.
ZOE Energy Storage has signed a joint venture with a Saudi partner to build the country's first world-class battery energy storage system manufacturing facility.
