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- Middle East Industry News | AGBI
Industry business news from the Middle East All the important stories, exclusive interviews, plus authoritative opinion and analysis
- Martin Sorrell says most video advertising is already AI generated | AGBI
Sir Martin Sorrell ‘bullish’ on Middle East Companies must move faster on tech Threat of job losses in ad industry The former CEO of the world’s largest advertising agency has urged companies to move faster in adopting new technologies, saying that most of what his company produces is created using artificial intelligence Sir Martin Sorrell, the former chief executive of WPP who now
- GCC aluminium producers will not react hastily to US tariffs
GCC aluminium investments $58bn Smelters produce 6 3m tonnes 10% exported to US Gulf Arab aluminum producers will “not react hastily” to new US customs duties and seek new markets for its products, Saudi Arabia’s Aleqtisadia reported, citing a Gulf industry body Aluminum smelters in the six GCC countries only export about 10 percent of their output to the US market, said Mahmoud Al
- Critical minerals become a Middle East battleground | AGBI
Saudis and UAE race for acquisitions Mineral processing capacity vital US-China rivalry an opening Saudi Arabia’s efforts to boost domestic processing of so-called critical minerals could redraw the mining industry’s regional and global supply chains, industry observers say Critical minerals are defined as materials required for a country’s strategic industries where there is a risk of
- Saudi Arabias Vision Invest strikes $700m deal in Africa | AGBI
Saudi Arabia’s Vision Invest has invested $700 million in Arise Integrated Industrial Platforms (Arise IIP), a pan-African operator of industrial zones Arise IIP, headquartered in Dubai International Financial Centre, said the deal ranks among the largest private infrastructure transactions in Africa and makes Vision Invest, Saudi Arabia’s public-private partnership collaborator, a
- Gulf offers relief for US oilfield services industry | AGBI
Mena CAGR for oilfield services is 6% Global growth is 3 4% Demand in gas and petrochemicals The Arabian Gulf is offering US oilfield services companies, the engineering backbone of the oil and gas business, a respite from global trade upheaval and energy market uncertainty, according to industry experts Such companies typically provide the equipment, technology and knowhow necessary to find
- Industrial growth in Oman beats global rate | AGBI
Oman’s industrial sector expanded by 9 2 percent year on year, ten times faster than the global rate Production value reached OR951 million ($2 5 billion) in the first quarter of 2024 The sector contributed 10 percent to the Gulf state’s GDP, data from the National Centre for Statistics and Information shows
- EGA considering bid for Brazils CBA | AGBI
CBA is an aluminium producer EGA working with Morgan Stanley EGA investing in US smelter Emirates Global Aluminium is exploring an acquisition of Companhia Brasileira de Aluminio, two sources have said, as the Brazilian producer’s operations along the entire production chain have made it an attractive target EGA, which is jointly owned by the Abu Dhabi sovereign wealth fund Mubadala and the
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