industry

The cumulative credit balance in the UAE’s business and industrial sectors rose to 757.4 billion dirhams ($206.2 billion) in the first quarter of the year, up from 741.8 billion dirhams at the end of 2023. A release from the Central Bank…
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Global industries must halve emissions by the end of this decade to reach 2050 net-zero targets, according to a new analysis urging for increased clean energy infrastructure spending. In its latest report, compiled in association with…
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China’s May industrial output lagged below expectations with the property sector still weak, adding pressure on Beijing for policy support to shore up growth, but retail sales beat forecasts thanks to a holiday boost, according to Reuters.…
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At least 50 semiconductor design companies will be established in Saudi Arabia by 2030 after a new initiative was launched to develop the sector in the Kingdom. This undertaking will be supported by a deep tech venture capital fund that…
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An ambitious roadmap setting out how Saudi Arabia will grow its aviation sector tenfold into a $2 billion industry will be unveiled at a special event in May. The plans cover the business jet segment, including charter, private, and…
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The UAE’s industrial exports surged by 60 percent over the past three years, amounting to a projected 187 billion dirhams ($50.9 billion), according to a minister. Sultan Ahmed Al-Jaber, the minister of industry and advanced technology,…
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Saudi Arabia’s industrial sector has recently focused on small investors, the Kingdom’s Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef has said. Speaking to Al-Ekhbariya TV, the minister said that the ministry…
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The Royal Commission for Jubail and Yanbu on Thursday signed a memorandum of understanding with Brazilian mining company Vale for the development of an iron ore briquettes project in the Kingdom. The MoU was signed on the sidelines of…
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Saudi Deputy Minister of Industry and Mineral Resources for Human Capacity Development Faris bin Saleh Al-Saqabi said the ministry has successfully formulated a strategy for developing human capabilities in the industrial and mining…
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Industries in Japan are set to see a boost in mineral resources sourced from Saudi Arabia following high-level discussions with the minister of industry and mineral resources. During an official visit to the East Asian country, Bandar…
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