On 28 April 2026, the United Arab Emirates formally withdrew from OPEC, effective 1 May, ending nearly six decades of membership. As OPEC’s third-largest producer, the UAE’s departure is the largest single withdrawal in the cartel’s history by output. For Africa’s oil-exporting nations, the consequences are more than geopolitical. The UAE had built production capacity
The UAE electric motor market is projected to grow steadily through 2033, driven by increasing demand from industrial applications, automation systems, and electric vehicles, according to a new market forecast released by ResearchAndMarkets. The report estimates the market will reach approximately $53 million by 2033, expanding at an annual growth rate of just over 6%
For Corrado Giaquinto, leadership has always been a blend of curiosity, creativity, and relentless problem-solving. “I am the son of a music prodigy, and that creativity has been the fulcrum of my life,” reflects the CEO and Executive Director of Rojukiss International PLC. Curiosity propelled him to travel across 80 countries, live in 10, speak
Few leaders embody the breadth of experience and strategic insight in the Indian flexible packaging industry quite like Atul Baijal. Currently the Whole Time Director at Ecoplast Limited, and formerly with Huhtamaki, Baijal’s career spans close to four decades across every major function of the sector—sales, operations, supply chain, procurement, quality assurance, and technical services.
With digital transactions in the UAE expected to reach US$60.2 billion this year and projected to nearly double by 2030, Dubai-based Blue Ocean Global Group has announced a complete transition from traditional distribution to a fully e-commerce-driven model. According to the UAE Central Bank, retail transactions under the UAE Funds Transfer System (UAEFTS) surged by
Mannheim-based Resourcly, an AI-powered platform helping manufacturers harmonise parts data, eliminate redundancies and recommend qualified alternatives, has raised €2.7 million in Seed funding. Project A led the round, joined by Knut Alicke (former McKinsey Partner & Head of Supply Chain EU), Philip Harting (HARTING CEO), Gregor Stühler (Scoutbee CEO), FIEGE Ventures, along existing investors like D11Z
Manufacturing output across all English regions and devolved nations has, for the first time, risen above 2019 levels, according to the latest Regional Manufacturing Outlook report published recently by Make UK and BDO. Drawing on a range of official data, the annual report analyses the performance of manufacturing across the UK by examining output, employment,
China has greenlighted the mass production of a homegrown amphibious aircraft that is the world’s largest. The Civil Aviation Administration of China on Wednesday certified the AG600 plane for production, paving the way for its entry into the commercial market. China has developed the AG600 as part of a drive to modernise its military, amid a more muscular approach to
Saudi Arabia’s industrial production quantity index recorded an increase of 1.3 percent during January 2025 compared to the same month of 2024, according to a bulletin, released by the General Authority for Statistics (GASTAT) recently. The increase is driven by a rise in the activities of manufacturing industry, water supply and sanitation, and waste management
Following a peak in aircraft orders in 2023, the latest data from UK’s Aerospace, Defence, Security & Space group (ADS Group) highlights a decline of almost two thirds (62%) in global aircraft orders in 2023, to reach 1,447. Against a challenging year for production, the backlog of aircraft on order has reached its highest year
