Regional News
August 2022

UAE's Ministry of Industry and Advanced Technology (MoIAT) has joined hands with United Nations Industrial Development Organization (UNIDO) to strengthen collaboration on optimising its competitive industrial performance (CIP) index. The CIP Index benchmarks the ability of countries to produce and export manufactured goods competitively.






August 2022

US-based Argentem Creek Partners (Argentem Creek), in partnership with the Abu Dhabi Investment Office (ADIO), will establish a new regional hub in Abu Dhabi Global Market (ADGM), the region’s leading international financial centre.






August 2022

Sami Composites, a wholly owned subsidiary of Saudi Arabian Military Industries (Sami), has announced that it has signed an agreement with leading global security and aerospace company Lockheed Martin to develop a composites manufacturing centre of excellence in Riyadh with the support of the General Authority for Military Industries (Gami), to boo






August 2022

Saudi Arabia's National Aviation Academy (Tatayaran) said it has reached an agreement with the coalition of BAE SDT, the local unit of British multinational security and aerospace company BAE Systems, and Turkey's first independent simulator flight training centre IFTC to establish a flight simulator training centre in Riyadh.






August 2022

Agthia Group, one of the region’s leading food and beverage companies, has announced that its board of directors has approved a strategic acquisition of 60 per cent stake in Auf Group, a specialised healthy snacks and coffee manufacturer in Egypt.






August 2022

The number of local projects in Oman’s Ibri Industrial City in Al Dhahirah governorate has reached 23 on a total area of 250,000 sq m and an investment value exceeding OMR9 million ($23.41 million).






August 2022

Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, and Kawasaki Kisen Kaisha, Ltd (K Line Group) will team up on research and pilot projects to decarbonise bulk cargo shipping.






August 2022

The northern emirate of Ras Al Khaimah has witnessed a 14 per cent jump in its non-oil foreign trade in 2021, which surged to AED16.83 billion  ($4.58 billion) from AED14.78 billion the year before, according to the RAK Centre for Statistics and Studies.






August 2022

Strata Manufacturing has signed a new contract with the Mohammed Bin Rashid Space Centre (MBRSC) to produce more parts for MBZ-SAT. MBZ-SAT will be the region's most advanced commercial satellite in the field of high-resolution satellite imagery.






August 2022

Al Masaood Group, one of Abu Dhabi’s leading business conglomerates, has joined ‘TA’ZIZ’ project, a critical enabler of the UAE’s industrial and logistic development ambitions.






August 2022

The total value of GCC contracts awarded in Q2 surged by 11.7 per cent to hit $22.8 billion over $20.4 billion the same period last year mainly driven by regional heavyweight Saudi Arabia - which accounted for 77 per cent of the deals worth $16.






August 2022

Bahrain’s exports of national origin jumped 43 per cent reaching BD1.351 billion ($3.59 billion) in the second quarter of 2022, compared to BD943 million for the corresponding quarter of the previous year.






August 2022

United Paper Industries (Bahrain Pack) plans to hike its production capacity by 7,000 tonnes, jack up its revenue 70 per cent and increase its exports by 30 per cent over the next three years, supported by Bahrain’s Labour Fund Tamkeen.






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