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Elite group holding to open auto hub in Dubai Industrial city copy

Elite Group Holding to develop Dhs100m auto hub in Dubai

Dubai Industrial City, a key business district within TECOM Group, is home to over 1,100 local, regional, and international customers and 350 operational factories

Dubai Metro Blue Line set to begin operations in Sept 2029

Dubai Metro Blue Line to begin operations in Sept 2029

The new Blue Line will be designed to carry 46,000 passengers per hour in both directions, with a train frequency of approximately every two minutes, serving an estimated 200,000 passengers daily by 2030

Delivery Hero’s Talabat to divest 15% stake via IPO

Talabat plunges over 7.5% in Dubai trading debut after $2bn IPO

The company’s shares opened at Dhs1.70, higher than the price at which Germany’s Delivery Hero sold 4.7 billion shares last month

50 years and counting: Jumbo's next chapter

50 years and counting: What Jumbo’s next chapter entails

Marking its golden anniversary, Jumbo celebrates ‘Trust that Transforms’ – a commitment that resonates through its customers, brands and a growing team

Dubai to reintroduce 30% alcohol sales tax in 2025 – report

Dubai to reintroduce 30% alcohol sales tax in 2025 – report

The suspension of the sales tax, which was initially planned to last for one year from January 1 to December 31, 2023, resulted in significant savings for restaurants, bars and hotels

UAE real estate to show growth in Q4 2024, says JLL-Image-courtesy-WAM

Here’s how the UAE’s golden visa has made a positive impact

Here are just some of the ways in which the UAE’s golden visa has made a positive impact on the country

uae national day 2024 free parking dubai-metro timings- image-RTA

Eid Al Etihad 53: Free parking, Dubai Metro timings – details here

Public parking in Dubai will be free of charge, excluding multi-storey parking, from Monday, December 2 until Tuesday, December 3

Dubai's 3-Day Super Sale begins, discounts of up to 90%

Dubai’s 3-day super sale begins, avail discounts of up to 90%

The shopping extravaganza has been extended to four days, running from November 29 to December 2, in celebration of Eid Al Etihad 53

ADNOC awards Dhs720m in manufacturing contracts in the UAE

ADNOC awards Dhs720m in manufacturing contracts in the UAE

ADNOC’s ICV programme targets further economic reinvestment, aiming to drive Dhs178bn back into the UAE economy over the next four years

Global Surfaces opens Dhs100m manufacturing facility in Jafza

Global Surfaces unveils Dhs100m manufacturing facility in Jafza

The facility, the largest of its kind in the Middle East, will boost advanced manufacturing and meet the surging demand for artificial quartz

Emirates Steel Arkan rebrands as EMSTEEL

Emirates Steel Arkan eyes global growth, rebrands as EMSTEEL

With shares of 11 per cent in Abu Dhabi’s manufacturing activity output and 60 per cent in the UAE’s steel market, EMSTEEL plays a key role in delivering the UAE’s industrial strategy

Abu Dhabi's KEZAD to get Dhs90m manufacturing facility, Dhs55m solar pla

KEZAD to get Dhs90m parts manufacturing unit, Dhs55m solar PV plant

The manufacturing unit, set to span 40,000 square metres, will produce industrial parts, components and machinery for the oil and gas, locomotive, and defence sectors

Emirates Steel Arkan reports Dhs3.96bn in revenue for H1

Emirates Steel Arkan reports Dhs3.96bn in revenue for H1

Despite facing headwinds in both export and domestic markets, the group sustained a stable performance throughout the period

Baosteel boosts investment in Saudi steel JV to $1bn

China’s Baosteel doubles investment in Aramco, PIF steel venture to $1bn

The steel manufacturing facility has an annual production capacity of 2.5 million tonnes of direct reduced iron and nearly 1.7 million tonnes of steel

JBS MEATPACKING PLANT

Brazil’s JBS to open SAR500m Saudi food factory by year end

The establishment of the Jeddah factory is expected to create job opportunities for Saudi youth

Saudi Arabia is a key growth market, says Honeywell exec Phil Daniell

Saudi Arabia is a key growth market, says Honeywell’s Phil Daniell

The VP and GM of Honeywell Building Automation (META) delves into the company’s expansion strategy in Saudi Arabia, including the opening of its new facility in Dhahran

KEZAD Group, NMDC ink manufacturing facility deal

KEZAD Group, NMDC sign Dhs367m manufacturing facility deal

NMDC Energy plans to invest $100m in the modular fabrication manufacturing facility

Acino

Pharmaceuticals: Acino eyes local growth and export expansion from Dubai facility

By focusing on local manufacturing and sustainability, Acino is set to play a significant role in the UAE’s pharmaceutical industry

Lenovo to issue $2bn in convertible bond to Alat

China’s Lenovo to issue $2bn in convertible bond to PIF-backed Alat

The personal computer and AI server maker plans to build a research and development centre in Riyadh as part of the deal

EDB allocates Dhs5bn to boost manufacturing sector

UAE’s EDB allocates Dhs5bn to boost manufacturing sector

The development bank seeks to provide Dhs30bn in financing to support 13,500 companies within five priority sectors by 2026

ADNOC Make it in the emirates

ADNOC raises local manufacturing target to Dhs90bn by 2030

The energy company has expanded its ICV programme to drive Dhs178bn back into the UAE’s economy by 2028

steel Tosyali

Turkish steel giant Tosyali could partner with Saudi firms for $5bn expansion 

Tosyali is pursuing investment opportunities in Europe and the Americas as it aims to become one of the world’s top 30 iron and steel producers

Alat unveils two business units in manufacturing push

Saudi Arabia’s Alat unveils electrification, AI Infrastructure business units

The firm plans to invest $100bn by 2030 to develop key partnerships and build advanced manufacturing capabilities

Recycling plastic

Global plastic treaty talks: What do countries and companies want?

The treaty is meant to address plastics through their entire lifecycle – from when they are produced, to how they are used and then disposed of

Masdar and EGA form alliance to work together on aluminium decarbonisation

Masdar, EGA join forces to drive aluminium decarbonisation

As part of the agreement, Masdar and EGA will collaborate on several fronts, including exploring joint development of renewable energy projects

EGA to acquire recycled aluminium producer Leichtmetall

UAE’s EGA to acquire German recycled aluminium firm Leichtmetall

The deal, which is the aluminium producer’s first major acquisition since its formation in 2014, is expected to close during the first half of 2024

defense - defence

Saudi Arabia signs deals worth over SAR20bn at World Defense Show 2024

The contracts cover a wide range of defence technologies and initiatives, with a focus on enhancing military equipment and infrastructure

Dubatt unveils first fully integrated battery recycling plant_Image_Dubai Media Office

UAE’s first battery recycling plant to power circular economy

Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai Industrial City

Amit Midha, Global CEO of Alat

Amit Midha to lead PIF-owned Alat as global CEO

Midha, a seasoned business leader with experience across Asia, the US, India, and Singapore, joins Alat from Dell Technologies

Ikea furniture price discount

Your next Ikea purchase could come at a discount as raw material costs ease

The furniture retailer has announced price cuts in Germany – its biggest market by sales – as well as Sweden and the UK