The ceremony was attended by Dr. Majida Al Azazi, Chairman of the Board of Directors of M Glory Holding Group, and Saud Abu Al Shawareb, Executive Vice President - Industrial Leasing at TECOM Group PJSC, along with other top business leaders and media representatives.

More organizations in the region are trying to turn their current challenges into advantages through innovations and by improving skills to collaborate with suppliers and allies.

UAE's Ministry of Health and Prevention (MoHAP) has taken part in the G20 Health Working Group (HWG3) meeting in Indonesia to discuss strengthening global health infrastructure through expanding manufacturing and research hubs for pandemic prevention, preparedness and response.

To avoid threats to market share and profitability, manufacturers must stay alert and on top of the ever-evolving trends. You need to adopt modern, data-driven processes and turn to technology to help you introduce new products. It may be easier than your think—if you start in the right place, he...

Producer prices in Oman increased by 40.7 percent during the second quarter of 2022 The producer price index in the Sultanate of Oman rose by 40.7 percent during the second quarter of this year, compared to Q2 2021. The rise in the index was due to the 48.7 percent rise...

According to a report by the UAE's Ministry of Economy, during the past decade from 2012 to 2021, FDIs in the country increased by 116 percent, amounting to $20.667 billion in 2021 compared to $9.566 billion in 2012.

The agreements cover logistics and transportation, renewable energies, manufacturing, environment services, aquaculture, defense, trade, engineering and agriculture.

Emirati exports to South Korea increased by 34 percent in 2021 compared to 2021, reaching $679 million.

The UAE has approved 22 policies that focus on accelerating the implementation of the circular economy model in the UAE in four main sectors – manufacturing, food, infrastructure, and transport. At the UAE Circular Economy Council’s second meeting of 2022, the Council also identified at least 16 circular economy activities that can...

Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, but record eurozone inflation underscored the potential for more turbulence ahead. New York equities spent much of the morning in the red, absorbing an industry survey showing slowing growth in the...

The UAE Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and EDGE Group, one of the world’s top 25 advanced technology groups for defence, have signed a mutual agreement to support the Group's manufacturing development. The agreement is in line with the UAE’s Fourth Industrial Revolution program,...

While the global economy has been slowing down, the picture looks very different across regions and geographies. This is based on the expectation that inflation will moderate, supply chain constraints ease and geopolitical conflicts do not worsen, a report by Qatar National Bank has highlighted.

The government spending, partly supported by significant revenues from government assets, have enabled Ras Al Khaimah to diversify its economy, says the latest Fitch report.

China on Friday announced it would cut a key interest rate as the country fights to boost its virus-hit economy and Covid-19 restrictions rip across major cities. Prolonged virus lockdowns have constricted supply chains, quelled demand and stalled manufacturing.

Asian and European markets fell in holiday-thinned trade Monday following another tech-led rout on Wall Street, with focus on the Federal Reserve's expected interest rate hike this week. All eyes are on the US central bank's policy meeting this week, which is expected to see it hike borrowing costs by...

Abu Dhabi’s non-oil GDP at constant prices grew by 4.1 percent in 2021, according to Statistics Centre-Abu Dhabi. The emirate’s GDP at constant prices grew by 1.9 percent in 2021 compared to the previous year, SCAD said, adding both oil and non-oil sectors witnessed growth. In 2020, a significant decline...

Egypt and American Defense company, Lockheed Martin, have discussed ways to enhance cooperation.

Qatar Industrial Manufacturing Co. has reported a net profit of  $38m for 2021 in comparison to net profit of $23m for the same period of the previous year.

The Saudi Arabian Military Industries, a subsidiary of the Public Investment Fund, launched a joint venture with French company Figeac Aero to produce aerostructure components in the kingdom.

Manufacturing activity in China edged up in November due to an easing in power shortages and a drop in some raw material costs. The latest data from the National Bureau of Statistics was also better than a 49.7 reading expected by a Bloomberg poll of analysts.

Acquisition aimed at diversifying Emirates Stallions' business.

Saudi Arabia has unveiled two initiatives to help the country boost its production and manufacturing.

Industrial output fell in September in both France and Germany as delays in receiving materials hampered production, data released Friday showed.

Amidst forecast of economic recovery of Saudi Arabia, a few sectors that have driven the Kingdom's Q2 growth include real estate, manufacturing, wholesale, retail and hospitality.

Oman’s Environment Authority and Petroleum Development Oman have reportedly discussed the policy draft with the United Nations Environment Program.

This will allow health authorities a pre-study of the file to issue the marketing approval in the UAE for innovative products and rare medicines once they are approved by one of reference authorities.

The Dubai-based firm's net profits rose to AED302 million in the first half of this year.

The highest (237,000) number of foreigners left their jobs between the second and third quarters of 2020

MAS Company has signed $60m deal with an Argentinian company Country’s pharmaceutical drugs market estimated to be worth $10.19b in 2020 Saudi Arabia has set itself the target of ridding the kingdom of the foot-and-mouth disease (FMD) common in livestock that can transfer to humans. In this direction, it has...

New partnership would help create more jobs for Saudis in the Kingdom’s pharmaceuticals sector The partnership is in keeping with Saudi vision to diversify its economy away from oil Saudi Chemical Company Holding (SCCH) and GlaxoSmithKline have entered into a partnership to make pharmaceutical products in Saudi Arabia. SCCH unit...