Singapore-based Meranti Green Steel said it has awarded a major FEED contract to a consortium of German group SMS and global direct reduction (DR) technology leader Midrex for its green iron facility at Duqm, Oman, with a planned capacity of 2.5 million tonnes per annum.
Saudi-based Al Yamamah Steel Industries Company has announced that its reinforcing steel bars unit has awarded a major contract to Italian engineering and manufacturing corporation Danieli for setting up a steel billet production plant within its premises in the kingdom by 2029.
UAE wealth fund Abu Dhabi Investment Authority (ADIA) has acquired Rs730 million ($7.6 million) shares in Indian building materials and steel supplier SG Mart. With this move, it has also become an anchor investor in the $1.2 billion IPO of State Bank of India Funds Management.
Fire safety professionals and officials from across the Middle East joined thousands of global experts at the National Fire Protection Association (NFPA) Conference & Expo 2026 in Las Vegas, taking part in high-level discussions on advancing fire prevention, life safety standards and resilient infrastructure.
Bahri Logistics, a business unit of the National Shipping Company of Saudi Arabia (Bahri), has launched the Bahri Bonded Zone at Jeddah Islamic Port.
Abu Dhabi-based Gulf Marine Services has announced that it has secured a contract from an international offshore accommodation services provider, for one of its self-elevating accommodation units, to be deployed offshore Brazil for a four-year period.
Future Fund Oman (FFO), a portfolio of the sultanate's sovereign wealth fund Oman Investment Authority (OIA), has announced a new package of 105 strategic projects and investments worth $1.74 billion, spanning renewable energy, manufacturing and tourism industries.
Bahrain-based Nasser Centre for Science and Technology said it has developed an AI-powered construction inspection intelligence platform in collaboration with China Machinery Engineering Corporation (CMEC), a global expert in infrastructure and construction projects.
Alimak Group, a Swedish group specialising in sustainable vertical access and working at height solutions, has signed an agreement to acquire Pro-Bel, a privately owned North American provider of suspended access and fall protection solutions, headquartered near Toronto, Canada.
Halliburton has won a multi-year contract from Saudi oil giant Aramco to deliver integrated stimulation and completion services for unconventional gas development in the kingdom. It builds on the US energy company’s established portfolio backing Aramco’s unconventional programme.
