ABU DHABI, UAE -  Abu Dhabi Department of Economic Development (ADDED) has partnered with Valeo to develop the automotive industry here by establishing a technology hub to manufacture autonomous and electric car components in the emirate. The hub will develop industrial solutions to support local electric car startups in Abu...

RIYADH, SAUDI ARABIA- The Public Investment Fund (PIF) announced the establishment of Badael Company, which aims to develop, manufacture and distribute innovative products targeted to reduce smoking prevalence and promote healthier lifestyles by offering tobacco-free and less harmful alternatives.   The initiative, in the run-up to the World Health Organization...

Emtelle to invest $50m to build manufacturing facility.

TEHRAN, IRAN - Iran has announced the discovery of a large deposit of lithium, a key component of batteries for electric vehicles and electronic devices, state media reported Saturday. "For the first time in Iran, a lithium reserve has been discovered in Hamedan", in the west of the country, state television...

RIYADH, SAUDI ARABIA -  Saudi Ministry of Industry and Mineral Resources has signed a memorandum of understanding with Hyundai Motor Company for building an assembly plant in the country. The MoU was signed in the presence of  Minister of Industry and Mineral Resources Bandar Al-Khorayef, Minister of Economy and Planning...

The two will manufacture 'innovative' drugs in Abu Dhabi.

The UAE has signed agreements to the tune of $70.8 million with medical companies to manufacture medical equipment at home.

Brent had spiked to $139 on Monday — about $8 short of an all-time record — in expectation of the US embargo on Russian oil and gas.

Saudi Arabia has teamed up with China to manufacture unmanned aerial vehicle payload systems in the kingdom.

Egyptian President Abdel Fattah El-Sisi has praised the World Health Organization for its decision to pick Egypt and five other countries in Africa to manufacture Covid vaccine in the continent to fight off the virus.

Kuwait Ports Authority (KPA) has approved a proposal to build the Middle East’s first city to serve electric vehicle manufacturers, making it the hub in the region.