Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
Schneider Electric has concluded its Innovation Summit Middle East and Africa in Abu Dhabi, bringing together more than 2,500 attendees, including government leaders, industry analysts and partners to examine how the convergence of energy, AI and industrial software is reshaping the region's future.
Real estate transactions in Sharjah rose 61.8% in July from previous month to AED7 billion ($1.91 billion) with the number of deals up 25% hitting 9,376, said a report. The sales transactions covered 27.2 million sq ft in July, reflecting continued activity in the emirate's property market.
The International Trade Centre (ITC) said disruptions to shipping through the Strait of Hormuz are weighing on global trade, exposing the vulnerability of supplies of energy and fertilisers to one of the world's busiest maritime chokepoints. LNG exports plunged 95%, while urea was down 83%.
Senaat (formerly Zamil Industrial Investment Company) has announced that its key subsidiary, Zamil Steel, has achieved a major industrial milestone by delivering specialised process equipment for the Fadhili Gas Increment Project (Package 4) for Saudi Aramco and Samsung E&A.
DP World is expanding its investment in Kenya through the development of a special economic zone in Mombosa that will strengthen the country’s position as a regional trade and logistics gateway and address the demand for modern industrial and logistics infrastructure in East Africa.
Saudi Arabia's National Company for Glass Industries (Zoujaj) has announced that it has resumed operations at a production line that was damaged by a fire last year, while raising its estimate of repair costs and business interruption losses.
Swedish industrial technology company Statetron has announced plans to develop a 10-hectare industrial facility in Qatar combining artificial intelligence (AI), robotics, energy storage and autonomous logistics in a manufacturing system designed to scale to multi-gigawatt capacity.
PeroCycle, a pioneer in closed-loop carbon recycling based in UK, has announced strategic partnerships that will accelerate development and global commercialisation for a technology that addresses the urgent need to decarbonise foundation industries such as steel, cement, and chemicals.
FDI Group, a UK-based specialist fire protection contractor, has expanded its regional operations with the launch of Fire Dynamics International. This new business boosts the group's presence in UAE by adding a dedicated contracting division alongside its fire safety consultancy.
