BlueFive Capital, a global investment platform with $15 billion in assets under management, has appointed Marwan Elaraby as its new President for Mena region. An industry veteran, he brings three decades of experience in the Middle East market as a lawyer, investment banker and private equity investor.
Kuwait Oil Company (KOC) has signed up Chinese group Anton Oilfield Services DMCC to deliver comprehensive integrated maintenance and operational support services for its Jurassic Production Facilities (JPF) 1, 2 and 3 located in the country's northern region.
In a major move, Blackstone, the world’s largest alternative asset manager, is set to open its office in Kuwait during the third quarter of 2026, as it expands its presence in the region. The New York-based group plans to open additional offices across the GCC over the coming year.
GCC states have achieved advanced IMD World Competitiveness global rankings across key indicators including - economic performance, government efficiency, business competitiveness and infrastructure - underscoring the impact of reforms aimed at boosting growth and attracting investment.
Saudi Arabian Refineries Company (Sarco) has announced that its key subsidiary, Masafi Ventures, has reached an agreement with Adwaa Al Khalil Contracting Company to acquire an 85% stake in Advanced Industrial Supplies Company, a leading industrial parts and equipment provider.
Dewa International, the overseas investment arm of Dubai Electricity and Water Authority, is pursuing global growth through new tie-ups with international financial and infrastructure investors. Its senior leadership held a meeting with ING and Actis in London to explore opportunities in power and water projects.
Saudia Cargo has announced that it has expanded its global network with the official launch of a new scheduled route linking Riyadh and Melbourne city, strengthening trade and logistics ties between the Kingdom of Saudi Arabia and Australia through a direct air cargo connection.
The inaugural edition of the Made in GCC 2026 Forum and Exhibition - the largest industrial gathering aimed at strengthening industrial co-operation and integration among the Gulf states - will be held from October 6 to 8 at Exhibition World Bahrain.
Spanish group Ampo Poyam Valves said it has been selected to supply 180 highly engineered large-size gate valves for Saudi Aramco’s Riyas NGL Fractionation Trains project. The EPC work is being handled by Técnicas Reunidas, a global engineering and construction company.
The UAE and Canada have announced that the duo has concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA) in a move aimed at boosting trade and investment in key sectors including aerospace, clean energy, aviation and critical minerals.
