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East Pipes Integrated Company for Industry reported net profit of SR200.91 million for the first half of its 2026/27 financial year, down from SR248.85 million a year earlier, as delays in raw material deliveries cut sales.

Damac Properties said its wholly owned offsite manufacturing division has invested more than AED44 million (about $12 million) in a multi-line factory of more than 17,000 square meters that makes wall panels and other prefabricated building components.

Two foreign workers were killed and two others injured at Saudi Aramco's Shaybah oil field in Saudi Arabia's Eastern Province on Wednesday after air defenses intercepted a drone targeting one of its processing facilities, the energy ministry said.

Oman and the United Kingdom signed agreements to increase two-way investment during Sultan Haitham bin Tarik's state visit, including a plan by UK-founded Yamna to build an AI data center in Salalah whose first phase is expected to exceed £1 billion.

Saudi Top Trading Co. has started commercial operations at its West Coast factory in the Petro Rabigh Plastic Tech Park, which it expects to generate annual sales of about SR40 million to SR50 million in its current phase.

Qatari business leaders and French Minister Delegate for Foreign Trade Nicolas Forissier called for joint industrial ventures and a possible joint business council during a meeting in Doha.

ENOC Group and Dubai Municipality will explore a system to collect used cooking oil from restaurants, businesses and households across Dubai and convert it into biodiesel at ENOC's Jebel Ali plant.

Boursa Kuwait-listed Metal and Recycling Company will manage and recycle plastic waste from EQUATE Petrochemical Company's industrial operations under a new agreement.

Electric vehicle charging network UAEV signed an agreement with Dubai World Trade Centre to install chargers at its parking areas, starting with four locations.

Abu Dhabi's Department of Health, drugmaker MSD, logistics firm DSV and PureHealth's RAFED will set up a regional hub for medicines and vaccines in KEZAD.

Mubadala Bio signed a partnership with Marcyrl Pharmaceutical Industries to localize a portfolio of women's health, fertility and respiratory medicines in the UAE.

Dubai Electricity and Water Authority will not raise energy prices as it expands solar power and storage, its chief executive said on Wednesday.