Latest news and articles about industrial sector from NEX English
The economic calendar has released its latest report, highlighting crucial figures and data regarding the current economic situation. The report emphasizes both the challenges and opportunities available in the market.
The Bahraini Minister of Industry and Commerce announced a strategic plan aimed at enhancing Manama's position in the regional economy during the largest industrial gathering in the Gulf. The plan includes innovative initiatives targeting the future of industry in the post-oil era.
Reports indicate that artificial intelligence has become a fundamental pillar in enhancing the competitiveness of the industrial sector in the UAE. The country aims for a qualitative leap in this area as part of its Vision 2030 to develop the national economy.
The Egyptian Cabinet has announced a significant decision to set the price of natural gas supplied to a specific industry, reflecting the government's commitment to support the industrial sector and boost economic growth.
Hamid Al Dhaheri announced that 'Made in the UAE 2026' will witness the largest participation in the event's history, reflecting the country's commitment to enhancing the industrial sector. The event aims to support innovation and foster collaboration between local and international companies.
The Sitangkil city government has announced a partnership with the industrial sector to build a preschool aimed at enhancing access to education. The new school was inaugurated on Wednesday, April 29, as part of the government's efforts to improve educational quality.
Saudi Astra Industrial Group recorded a net profit of <strong>173.1 million riyals</strong> ($46.1 million) in Q1 2026, despite a <strong>5.13%</strong> decline in revenues. The profit increase is attributed to growth in the pharmaceuticals sector and lower financing costs.
Chinese industrial companies saw a significant profit increase of <strong>15.8%</strong> in March 2023, the highest growth rate since September 2022. This rise comes as global markets face the impacts of the war in Iran, leading to improved factory prices after a prolonged downturn.
In March 2023, China's industrial sector profits saw a remarkable increase of <strong>15.8%</strong> compared to the same month last year, indicating a strong economic recovery. This growth marks the fastest pace in six months.
Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE, has announced a package of new economic initiatives aimed at boosting the country's industrial sector. This move comes as part of the preparations for the fifth edition of the 'Make in the UAE' platform to support local production.
Sheikh Mohammed bin Rashid Al Maktoum announced a package of initiatives aimed at enhancing the national industrial sector in the UAE. This move is part of the government's efforts to support the national economy and stimulate innovation.
Concrete Fashion Group has announced a net profit of <strong>$14 million</strong> for the year <strong>2025</strong>, with total revenues reaching <strong>$153.3 million</strong>. The company has shown significant growth despite facing challenges in the market.
Germany's industrial production contracted by <strong>0.3%</strong> in February, reflecting ongoing challenges faced by Europe's largest economy. This data, released by the Federal Statistical Office, heightens fears of a stalling European economy without a clear recovery path.
Oman's industrial exports have shown a notable growth of <strong>2.9%</strong> in the first quarter of <strong>2023</strong>, reflecting the strength of the industrial sector in facing economic challenges. This growth comes as Oman seeks to enhance its regional economic standing.
The Minister of Industry has stated that energy supplies for factories in the country are stable and not facing any crisis. He emphasized that the government is working to ensure the continuity of these supplies to boost local production.
The Indonesian Ministry of Finance reported that the Purchasing Managers' Index (PMI) for the manufacturing sector reached <strong>50.1</strong> in March <strong>2026</strong>, reflecting underlying strength despite a decline in global demand. This comes as the country faces multiple economic challenges.
Egyptian producers report that the industrial sector is still far from the exceptional measures needed to support the national economy. Amid current economic challenges, questions arise about the government's ability to take effective steps to enhance this vital sector.