Uptime Institute and Tech964 Holding Limited (T964), Iraq’s leading digital infrastructure company, have announced a landmark strategic partnership to accelerate Iraq’s digital transformation.
DP World has started operations at its first multi-client 3PL warehouse in Saudi Arabia, expanding integrated warehousing and distribution capacity for businesses serving the kingdom's consumer and industrial sectors. Located in Riyadh, the 15,250 sq-m facility provides over 17,000 pallet positions.
Saudi Arabia's National Shipping Company (Bahri) has reported a more than six-fold increase in Q2 net profit which hit SAR2.75 billion ($733 million), while its revenue soared to SAR6.3 billion ($1.6 billion), helped by higher freight rates and stronger demand for its crude oil shipping business.
Emirates Stallions Group (ESG), a leading UAE-based diversified conglomerate operating across construction and real estate sectors, and subsidiary of IHC, today reported an 8% year-on-year increase in revenue to AED766.69 million ($208.77 million) for the first half, while net profit rose 44% to AED166.30 million.
Dubai Aerospace Enterprise (DAE) has completed its acquisition of 100% of the outstanding share capital of Macquarie AirFinance (MAF) and its subsidiaries in a deal with an enterprise value of approximately $9 billion.
Saudi Energy has secured a shariah-compliant Murabaha financing facility with a total committed amount of SAR15.8 billion ($4 billion) from a consortium of seven leading Saudi banks to support its general corporate purposes.
Oil prices remained under pressure as the pause in military operations in the Middle East reduced the risk of immediate geopolitical escalation. Also hopes surrounding talks between Iran and Oman over shipping through the Strait of Hormuz improved market sentiment, said an industry expert.
Saudia Cargo and Riyadh Cargo, the freight division of the kingdom’s new national carrier Riyadh Air, a wholly-owned Public Investment Fund (PIF) company, have announced the signing of an interline agreement that will strengthen cargo connectivity and expand global network reach.
GE Aerospace showcased its commitment to building a more durable and efficient future of flight at the recently concluded 2026 Farnborough International Airshow, highlighting next-generation technologies and breakthrough capabilities.
Bombardier has announced the delivery of its 200th Challenger 3500 jet to Piero Ferrari, Vice Chairman of Ferrari, bringing together one of business aviation’s most successful super-midsize jets with one of the world’s most iconic names in mobility, design and craftsmanship.
