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Industry

Industry business news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis

Turkey has more than 6,000 hectares devoted to cultivating flowers and plants, including extensive greenhouses

Cut flowers are a growth industry for Turkey

February is the busiest month for Turkey’s cut flower exporters, as Valentine’s Day on the 14th of the month results in 70 million or more blooms being shipped to markets across the continent. Revenue of between $8 million and $10 million is expected, and with International Women’s Day following close behind on March 8, increased […]

The average age of Turkish farmers is increasing but some observers say money, not tech, is the solution to their problems

Tech incubator aims to refresh Turkish farming

The average age of a Turkish farmer is more than 58, according to data from the Union of Chambers of Agriculture of Türkiye, a problem aggravated by the rising tide of young Turks abandoning rural life for the big cities.  The İzmir Agricultural Technology Centre (İTTM), based in Turkey’s western Aegean region, aims to change […]

Turkey Indonesia defence Bakyar Haluk Bayraktar and Republikorp Indonesia founder Norman Joesoef

Top Turkish defence firm to build drones in Indonesia

Baykar, a leading defence supplier based in Turkey, has signed a deal with the Jakarta-based defence company Republikorp to build a drone manufacturing plant in Indonesia, according to a local newspaper. The deal was among several agreements signed during President Tayyip Erdoğan’s visit to Indonesia, media reports said. Baykar, a private Turkish defence company chaired […]

Bahrain: the entities will work together in the field of satellite telemetry and data application activities

Bahrain space agency explores satellite manufacturing

Bahrain’s National Space Science Agency (NSSA) has signed a memorandum of understanding with a Hong Kong-listed industrial satellite manufacturer to cooperate in satellite manufacturing. In addition, NSSA will work Uspace Technology Group in satellite telemetry, tracking and controlling, and data application activities, according to a statement to the Hong Kong Stock Exchange. Uspace plans to […]

Ma'aden says about two-thirds of its exploration budget is spent on searching for copper

Ma’aden aims to be world’s most valuable mining company

Saudi Arabia’s majority state-owned Ma’aden aims to grow ten-fold by 2040 to become the world’s most valuable mining company by market capitalisation, its CEO said. The country is accelerating development of its copper and other mineral resources, estimated to be worth as much as $2.5 trillion.  “I can tell you, the minerals are here,” Ma’aden […]

Visitors at the Leap conference in Riyadh. Saudi technology company Alfanar is investing $1.4bn to develop four data centres

$5bn Neom data centre latest deal announced at Leap

Saudi Arabia’s $500 billion futuristic giga-project Neom has signed a $5 billion deal to develop what it claims will be the world’s first fully sustainable data centre. The agreement was signed with the Saudi IT and technology company DataVolt. The data centre will be located at Oxagon, with the first phase having a capacity of […]

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Industry companies

Name Country Type

Private company

United Arab Emirates

Investment fund

Saudi Arabia

Public company

Bahrain

Public company

United Arab Emirates

Public company

United Arab Emirates

Private company

Public company

United Arab Emirates

Public company

Qatar

Public company

Saudi Arabia

Public company

Saudi Arabia

Public company

Saudi Arabia

Public company

United Arab Emirates

Private company

Saudi Arabia

Public company