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Manufacturing

UAE launches industrial decarbonisation roadmap Image WAM

COP28: UAE launches industrial decarbonisation roadmap

The action plan set out in the roadmap will cut 90 million tonnes of carbon dioxide annually

EDGE Group companies sign a series of deals at Dubai Airshow Image Supplied

EDGE inks key deals at airshow, includes Dhs239m UAS deal with defence ministry

In line with one of the deals signed, EDGE will integrate its guided-glide weapon solutions onto aircraft and other Calidus platforms

Google looks to India for Pixel phone manufacturing to India Google pixel image: Google (X)

Google looks to India for Pixel smartphone manufacturing

Google counts India as a key growth market, where most smartphones run on its Android ecosystem

PIF-SABIC

Saudi’s PIF to create steel giant with $3.3bn Sabic deal

The deal is expected to close before the end of the first quarter of 2024

UAE’s Emirates Steel Arkan posts $76.4m in H1 profit

UAE’s Emirates Steel Arkan posts $76.4m in H1 profit

The robust profitability in the first half of the year was driven by continued high demand for the company’s steel products and stable margins

Saudi Arabia acquires stake in critical metals mining company Vale SA

Manara Minerals to get stake in Vale as Saudi Arabia moves in on critical metals

The question of who controls the critical metals needed to both sustain and decarbonise the world’s economies has turned into a global flashpoint

Groundbreaking ceremony KEZAD Group Al Jazeera Steel-Products Image Kezad

KEZAD Group, Al Jazeera Steel Products break ground for Dhs250m rolling mill

The 450,000 tonnes per annum medium section mill will produce railway steel parts and other products

steel

Tata Steel says it won’t reach emissions goal with current tech

Global steelmakers face technological hurdles as well as massive costs to green their operations

Emirates Stell Arkan introduces new operating model Image credit Emirates Steel Arkan

UAE’s Emirates Steel Arkan introduces new operating model, creates 2 separate units

The new operating model has resulted in the creation of two separate business units – Emirates Steel and Building Materials

KEZAD, Tubacex production facility

KEZAD, Tubacex to build OCTG-CRA production facility in Abu Dhabi

The facility will enable Tubacex to establish a strong presence in the UAE while reaching out to its global network of clients

Make it in the emirates forum Dhs10bn in offtake agreements announced Image Credit MoIAT MIITE

Make it in the Emirates Forum: New offtake deals worth Dhs10bn announced

Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, announced more than 30 innovative industrial projects valued over Dhs6bn on the first day of the forum

‘Make it in the Emirates Forum’ opens in Abu Dhabi

The two-day forum will showcase investment opportunities within the local industrial sector, product development and redirecting procurement towards the national economy

emirates steel arkan DNV to boost decarbonisation through five-year collaboration Image credit emirates steel arkan

Emirates Steel Arkan, DNV to drive decarbonisation in steel, building materials industry

The two entities have signed a Decarbonization Strategic Collaboration Agreement as part of a five-year collaboration

AD Ports Group, Vale to jointly develop low-carbon mega hub for steel industry photo WAM AD Ports

AD Ports Group, Vale to develop low-carbon mega hub for steel industry

Land and related services from KEZAD will be allocated for the ‘Mega Hub’, in addition to the development and management of a high-tech handling facility at Khalifa Port

Aramco, PIF and China’s Baosteel steel JV

Aramco and PIF set up JV to build steel plant with China’s Baosteel

The steel manufacturing base has a designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate

EGA decarbonisation drive

EGA joins Australia’s HILT CRC to advance decarbonisation goals

The UAE firm is the first HILT CRC industry partner with operations entirely outside Australia

GMG's new Dubai Investment Park facility is one of the UAE’s largest food manufacturing facilities

GMG eyes global expansion, launches four food manufacturing units

GMG’s Dubai Investment Park facility – one of UAE’s largest food manufacturing facilities – includes three factories to process added-value meat, poultry, and seafood items

Emtelle, KEZAD ink build to suit deal with

UK’s Emtelle, KEZAD Group join hands to build $50m manufacturing facility

The production facility will be located on a 48,000 sqm land plot that will be leased under a build-to-suit agreement with KEZAD

EGA full year net profit

UAE’s EGA posts $2bn in full-year net profit on higher prices

The company paid its shareholders a total of Dhs3.7bn consisting of an interim dividend of Dhs2.2bn in July and a further D1.5bn at the end of 2022

Oman oil driller Abraj Energy hires banks for $500m IPO

Omani ministry signs nickel extraction agreement with UK’s Knights Bay

The first mining agreement is Oman’s first with a foreign investor

Shareek programme to suppport Saudi Arabia's private sector

Aramco, ACWA Power, SABIC to receive support from Saudi’s Shareek programme

The first wave of supported projects, which will have strategic impact on several economic sectors, will benefit from investments worth SAR192.4bn

Edge Group acquires Gradeone

Abu Dhabi-based Edge Group acquires 70% stake in Gradeone

Gradeone, which has partnerships within the defence, rescue, and security sectors, will join Edge’s Trading and Mission Support cluster

Ducab opens office in Bengaluru India

UAE’s Ducab Group expands its footprint in India, opens office in Bengaluru

Over the years, Ducab has supplied over 1,428 kilometres of cables to the Indian market, which is equivalent to the distance between Delhi and Mumbai

UAE's Ducab and UPI have signed an agreement with Borouge

Petrochem company Borouge wins two contracts worth $15m from UAE manufacturers

UAE-based Ducab and Union Pipes Industry will use Borouge solutions to produce power cables and pressure pipes for Borouge 4 infrastructure

Jindal Shadeed Group to Invest USD 3 billion; agreement signed to Reserve Land to Produce Green Steel at Duqm

Jindal Shadeed Group to invest $3bn in green steel manufacturing facility in Oman

Slated to be the largest of its kind within the zone to produce green steel, the facility will also utilise renewable energy sources in its manufacturing operations

Manufacturing

Manufacturing sector leads in highest average ransomware payments – report

Of the organisations surveyed that paid the ransom, the average cost was $2,036,189 – more than double the cross-sector average of $812,360

Saudi's PIF to establish 5 companies to pursue investments

Saudi’s PIF to establish five companies to pursue investments in Bahrain, Oman, other countries

The announcement follows the launch of the Saudi Egyptian Investment Company in August

Saudi Arabia’s PIF launches company to develop halal production industry

The company aims to localise knowledge, technology and innovation for the development of halal products, including foods, cosmetics, and pharmaceuticals

UAE MoUs signed for medical equipment ake it in the Emirates

UAE signs deals valued at Dhs260m to manufacture medical equipment locally

The partnerships will play a significant role in boosting economic development through the National ICV Program

UAE launches programme

UAE launches programme to export Emirati tech products worth Dhs15bn annually

The programme aims to develop 1,000 technological projects