Industry & Minerals

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Saudi, Chinese companies to develop giant aluminum industrial hub in Riyadh

The new industrial base is set to cover 1.5 million square meters and will be developed in two phases, with the first expected to be completed in 30 months and create more than 1,800 jobs.

The Saudi delegation meets with Vietnamese officials in Hanoi, Sept. 29, 2025.

After China, Saudi industry minister visits Vietnam in eastward economic push

Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef met with a number of Vietnamese officials on Monday as the oil-rich Gulf kingdom looks east to diversify its economic alliances.

FAYEZ NURELDINE/AFP via Getty Images

Saudi Arabia courts Chinese firms in mining investment drive

Mining and Industry Minister Bandar Alkhorayef met with executives from more than 20 mining firms in Beijing on Thursday.

A worker fits solar panels onto frames during construction at South Africa's first municipally owned solar plant, during International World Environment Day, on June 5, 2025, in Atlantis near Cape Town.

Saudi firm to pump $700M into economic zone developer in Africa

The kingdom's Vision Invest will invest in pan-African developer Arise Integrated Industrial Platforms, which will use the funds to expand across the continent and develop green industrial ecosystems.

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New US Navy chief vows major revamp after Mideast conflicts strain fleet

Admiral Daryl Caudle, President Donald Trump’s nominee to be Chief of Naval Operations, testifies during his Senate Armed Services Committee confirmation hearing in the Dirksen Senate Office Building on July 24, 2025 in Washington, DC.

Sudan restricts gold trade as currency falls: What to know

A Sudanese merchant weighs pure gold on an electronic scale in the village of al-Shirik in northern Sudan on Aug. 8, 2010.

Somaliland leader to visit Washington as US weighs recognition: What to know

Wadani party presidential candidate Abdirahman Mohamed Abdullahi, also known as Irro, speaks during a press conference on Nov. 10, 2024, ahead of the 2024 Somaliland presidential election.

Somalia's FM visits Azerbaijan, talks energy cooperation: What we know

Azerbaijan

GIUSEPPE CACACE/AFP via Getty Images

Saudi mining licenses soar as kingdom hunts critical metals: What to know

The Saudi government has cleared hurdles for the mining industry in its pursuit of critical materials.

His Highness Sheikh Mohamed bin Zayed was hosted in Paris by President Emmanuel Macron, where the sides signed a groundbreaking cooperation agreement in AI, on Feb. 6, 2025.

Analysis

UAE hedges against global economic volatility with EU trade agreement

The UAE is doubling down on bilateral free trade agreements as it hedges against economic headwinds fueled by the United States' universal tariff policy.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

In this aerial image from a drone, tug boats tow the semi-submersible drilling platform Noble Danny Adkins through the Port Aransas Channel into the Gulf of Mexico on Dec. 12, 2020 in Port Aransas, Texas.

UAE's ADNOC eyes US acquisitions amid Trump's energy boom

Close political ties between the UAE and the Trump administration are likely to bode well for Abu Dhabi-based firms looking to tap the American shale boom.

United Arab Emirates

FAYEZ NURELDINE/AFP via Getty Images

UAE energy giant gets green light for $16B takeover of German firm Covestro

ADNOC agreed in October to buy Covestro for 14.7 billion euros (then around $16.3 billion), including its debt, in its biggest-ever takeover.

United Arab Emirates

WASHINGTON, DC - MARCH 20: President Donald Trump (R) holds up a chart of military hardware sales as he meets with Crown Prince Mohammed bin Salman of the Kingdom of Saudi Arabia in the Oval Office at the White House on March 20, 2018 in Washington, D.C. (Photo by Kevin Dietsch-Pool/Getty Images)

Analysis

Saudi Arabia to pursue two-track approach for Trump presidency

Riyadh is likely to compartmentalize business dealings with incoming President Donald Trump separately from its foreign policy engagements, where there is likely to be disagreement.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Iranian miners look on at the scene of a blast at a coal mine in Tabas in Iran's Khorasan province on September 22, 2024. The blast caused by a gas leak at the coal mine in eastern Iran has killed at least 50 people, state media said on September 22, in one of Iran's deadliest work accidents in years. (Photo by Mohsen NOFERESTY / IRNA / AFP) (Photo by MOHSEN NOFERESTY/IRNA/AFP via Getty Images)

Analysis

Iran coal mine tragedy highlights prevalent corruption, workers' plight

Reactions from pundits, activists and ordinary Iranians focused in large part on how corruption and mismanagement has grown over the years, with companies and oversight bodies increasingly ignoring the safety of workers who were digging "for a loaf of bread."

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

A general view shows the ADNOC Facility in Fujairah on November 28, 2023. Using novel technology developed by Omani start-up 44.01, the solar-powered plant will suck carbon dioxide from the air, dissolve it in seawater and inject it deep underground, where it will mineralise over a period of months. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Why UAE's ADNOC is investing in Exxon's Texas hydrogen plant

Abu Dhabi's state-run oil company is taking a stake in ExxonMobil's major new low-carbon hydrogen and ammonia plant, its second foray into the Texas energy industry.

United Arab Emirates

A picture taken on Jan. 17, 2016, shows the headquarters of Saudi Basic Industries Corporation (SABIC) in the Saudi capital, Riyadh.

Saudi Arabia's SABIC sees second quarter profit rise by 85% to $580M

The company's results are encouraging news for the petrochemicals sector, which has been weathering a downturn since the COVID-19 pandemic.

Beijing

China’s Baosteel ups investment in Saudi steel plate venture to $1B

A subsidiary of the world’s largest steelmaker, China Baeowu Steel Group, will have a 50% stake in a major new Saudi-based venture.

LUIS TATO/AFP via Getty Images

UAE main destination for smuggled African gold, report claims

Swissaid estimates that 405 metric tons of gold, mostly mined by small-scale or artisanal miners, were smuggled out of Africa in 2022 and ended up in the UAE.

United Arab Emirates

A general view of processing facilities at the Tenke Fungurume Mine, one of the largest copper and cobalt mines and the subject of a dispute between Congolese authorities and the Chinese firm CMOC, southeastern Democratic Republic of Congo, on June 17, 2023.

UAE eyes Zambia mine as minerals race heats up against Saudi Arabia, China

Wealthy Gulf countries are racing against China, Europe and the United States for minerals critical to powering the global green transition.

United Arab Emirates