The robust profitability in the first half of the year was driven by continued high demand for the company’s steel products and stable margins
The question of who controls the critical metals needed to both sustain and decarbonise the world’s economies has turned into a global flashpoint
The 450,000 tonnes per annum medium section mill will produce railway steel parts and other products
Global steelmakers face technological hurdles as well as massive costs to green their operations
The new operating model has resulted in the creation of two separate business units – Emirates Steel and Building Materials
The facility will enable Tubacex to establish a strong presence in the UAE while reaching out to its global network of clients
Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, announced more than 30 innovative industrial projects valued over Dhs6bn on the first day of the forum
The two-day forum will showcase investment opportunities within the local industrial sector, product development and redirecting procurement towards the national economy
The two entities have signed a Decarbonization Strategic Collaboration Agreement as part of a five-year collaboration
Land and related services from KEZAD will be allocated for the ‘Mega Hub’, in addition to the development and management of a high-tech handling facility at Khalifa Port
The steel manufacturing base has a designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate
The UAE firm is the first HILT CRC industry partner with operations entirely outside Australia
GMG’s Dubai Investment Park facility – one of UAE’s largest food manufacturing facilities – includes three factories to process added-value meat, poultry, and seafood items
The production facility will be located on a 48,000 sqm land plot that will be leased under a build-to-suit agreement with KEZAD
The company paid its shareholders a total of Dhs3.7bn consisting of an interim dividend of Dhs2.2bn in July and a further D1.5bn at the end of 2022
The first mining agreement is Oman’s first with a foreign investor
The first wave of supported projects, which will have strategic impact on several economic sectors, will benefit from investments worth SAR192.4bn
Gradeone, which has partnerships within the defence, rescue, and security sectors, will join Edge’s Trading and Mission Support cluster
Over the years, Ducab has supplied over 1,428 kilometres of cables to the Indian market, which is equivalent to the distance between Delhi and Mumbai
UAE-based Ducab and Union Pipes Industry will use Borouge solutions to produce power cables and pressure pipes for Borouge 4 infrastructure
Slated to be the largest of its kind within the zone to produce green steel, the facility will also utilise renewable energy sources in its manufacturing operations
Of the organisations surveyed that paid the ransom, the average cost was $2,036,189 – more than double the cross-sector average of $812,360
The announcement follows the launch of the Saudi Egyptian Investment Company in August
The company aims to localise knowledge, technology and innovation for the development of halal products, including foods, cosmetics, and pharmaceuticals
The partnerships will play a significant role in boosting economic development through the National ICV Program
The programme aims to develop 1,000 technological projects
By virtue of a royal decree, Al-Benyan was appointed as the kingdom’s new education minister
By tapping into the economic and partnership opportunities catalysed by the R&D programme, businesses can leverage technology to enhance operations and product development
Copper ore was discovered at four sites in the Al-Madiq area in the Wadi Al-Faraa region in Madinah
The total number of active in-production licenses was 866 by end of June, according to the Industrial Development Bureau’s manufacturing report