Saudi-based Arabian Drilling has announced that it has signed a contract with a new client in the GCC, thus marking its entry into a new Gulf market. The deal follows the early completion of its first international offshore drilling contract and the redeployment of the jack-up rig to another GCC country.
The Saudi Ports Authority (Mawani) has announced the addition of global shipping company PIL’s intra-Redsea feeder service to Jeddah port, a move that will enhance the port's capabilities and support trade between the kingdom and the other regional and international markets.
Gain.Energy, a US-based energy tech company has announced the launch of Upstrima, a specialised AI platform built for the oil and gas sector. It brings together AI agents, intelligent data processing and engineering expertise to automate complex technical tasks while augmenting the capabilities of experts.
Emirates Extrusion Factory (EEF), a key subsidiary of Dubai Investments, has delivered its strongest first-half production performance in a decade, supported by sustained customer demand, manufacturing efficiency and disciplined operational execution.
Archer Aviation has announced that it has signed definitive agreement with The Boeing Company to acquire its key subsidiaries - Wisk Aero, SkyGrid and Insitu. The deal will combine complementary capabilities developed over decades in autonomy, eVTOL aircraft and unmanned aircraft systems (UAS).
Saudi aluminium products maker Talco has extended by six months a non-binding agreement to acquire a 60% stake in Dammam-based Eastern Aluminum Extrusion Factory. This extension will run from August 24 to February 23, 2027, allowing the firm additional time to complete due diligence procedures.
SolitAir, UAE’s dedicated next-generation B2B, airport-to-airport, express middle-mile cargo airline, has recently operated its first charter cargo service between Dubai World Central (DWC), Al Maktoum International Airport, and Bishkek's Manas International Airport (BSZ). The route marks SolitAir's entry into Kyrgyzstan and extends the carrier's presence deeper into Central Asia.
DP World has reached a significant milestone in its $800 million investment programme to transform the Port of Tartous, completing the delivery of three Mobile Harbour Cranes (MHCs) that will strengthen Syria's trade infrastructure and support the country's economic recovery.
Saudi PIF has delivered solid results for the FY2025 with the kingdom's sovereign wealth fund more than doubling its net profit to $17 billion over the previous year, helped by stronger contributions from maturing portfolio companies, while its revenue rose 9% to hit $120 billion.
Riyadh will host second edition of the Global Logistics Forum in November 2026, drawing one of the region's largest gatherings of transport, supply chain and trade leaders.
