Industry Turkey explores relocating industries to mitigate quake risk Turkey is reportedly seeking to move industrial zones away from Istanbul to reduce potential economic disruption in the event of a major earthquake. The decision follows growing fears over a quake that could cause severe damage to the city’s population of 16 million and industrial base, the Daily Sabah newspaper reported. A 6.2 magnitude earthquake […] June 12, 2025
Infrastructure Omani shipbuilding facility to serve regional markets A new shipbuilding dry dock in the remote but strategic Omani town of Musandam will serve regional markets and give the Gulf state’s farmers and fishermen a new lease of life. Musandam Global Investment Company (MGIC), a Turkish and Omani joint venture, will build the shipbuilding and marine repair facilities and the project is expected […] June 10, 2025
Agriculture Saudi Arabia brings in new rules for livestock sales Saudi Arabia is clamping down on longstanding profiteering in its livestock markets with the enforcement of a landmark decision later this month mandating sale by weight rather than size. Mohammed Al-Abdullatif, assistant undersecretary for agriculture and support services, said in remarks on the ministry’s website that the measures, due to take effect on June 27, […] June 9, 2025
Manufacturing Morocco imposes duties on Egyptian PVC imports Morocco has reportedly imposed temporary anti-dumping duties on polyvinyl chloride (PVC) imports from Egypt. The tariffs, which came into effect last week, range between 74.87 percent and 92.19 percent, Morocco World News reported, citing the customs and indirect tax administration. The move follows an investigation launched on November 27, 2024 at the request of SNEP, […] June 9, 2025
Manufacturing Morocco aims to double EV production capacity Morocco aims to increase its electric vehicle (EV) production capacity by more than half by the end of 2025, as part of efforts to promote green mobility and reduce its reliance on fossil fuels. EV production is likely to reach 107,000 by the end of this year, an increase of 53 percent year on year, […] June 6, 2025
Manufacturing UK company to build $200m infant formula factory in Iraq The government-backed Iraq Development Fund and UK company Agrium Capital are planning to establish an infant formula production facility in the country, in a bid to reduce imports. The plant’s production will cover 85 percent of the local market’s needs, with a capital expenditure exceeding $200 million, state-run Iraqi News Agency reported, quoting Rod Bassett, […] June 6, 2025
