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Global trade witnesses record expansion to $33 trillion in 2024Global trade hit a record $33 trillion in 2024, expanding 3.7% ($1.2 trillion), according to the latest Global Trade Update by UN Trade and Development (UNCTAD), which warns that while trade remains strong, uncertainty looms in 2025. The services sector drove More… |
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NWC completes key water, sanitation projects in RiyadhSaudi Arabia's National Water Company (NWC) has announced the completion of three major water and sanitation projects in Al Kharj and Al Sulayel governorates in the Riyadh region. The scope of work includes construction of over 119km pipelines and networks More… |
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The factory reset that global manufacturing needsAs manufacturers contend with onshoring policies and the impact of extreme weather events, industrial AI applications will be essential to maintaining costs, unlocking production efficiencies and staying competitive, says Jim Chappell, Global Head of AI and Advanced Analytics, AVEVA More… |
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DP World posts record revenue of $20bnDP World, a global logisitics and shipping leader, reported a record revenue growth of 9.7% to $20 billion in 2024 and adjusted EBITDA of $5.5 billion, an increase of 6.7% with an adjusted EBITDA margin of 27.2%. The company said it posted a profit of $1 More… |
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Sanad achieves $1.34bn revenue for 2024, up 40%Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company (Mubadala), has announced exceptional financial results for 2024, with revenue surpassing the $1-billion milestone for the first time in its hi More… |
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Saudi Arabia seeks bids for mineral exploration licencesSaudi Arabia's Ministry of Industry and Mineral Resources has opened pre-qualification applications for the ninth round of exploration license competitions, covering three mineralized belts spanning 24,946 sq km. This initiative is part of the minist More… |
