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Industry News

Explore the industries creating new opportunities for cooperation across both markets.

Each industry contains news, briefs, research and interviews.

Industry News
Source: Gulf News

UAE Unveils Asteroid Belt Probe as Space Sector Tops Dh44 Billion

Sheikh Hamdan bin Mohammed attended the unveiling of the UAE-developed probe for the Emirates Mission to the Asteroid Belt, which achieved flight readiness in under two years. The probe will journey five billion kilometres aboard the MBR Explorer to study seven asteroids, ending with an autonomous landing on 269 Justitia. Sheikh Hamdan noted that the UAE space sector is now valued at over Dh44 billion, with targets to double economic returns by 2031.

Policy & Legal Updates
Source: Gulf News

Sharjah FDI Projects Rose 45% in 2025, Invest in Sharjah CEO Reports

Sharjah recorded a 45 percent increase in foreign direct investment projects in 2025, according to Mohamed Juma Al Musharrkh, CEO of the Sharjah FDI Office (Invest in Sharjah). Speaking to the Emirates News Agency ahead of the ninth Sharjah Investment Forum, Al Musharrkh highlighted that global capital is concentrating in stable markets with clear legal frameworks. Non-oil activities accounted for 79.4 percent of the UAE economy in the first quarter of 2026.

Industry News
Source: Nikkei Asia

Saudi Arabia and UAE Plan to Bolster Asian Strategic Oil Reserves

Saudi Arabia and the UAE are set to assist Asian nations in expanding their crude oil reserves, Nikkei Asia reported. The two Gulf energy producers are also expected to provide priority crude supplies during emergency situations. The initiative includes exploring agreements to store crude oil in Asian locations to enhance regional energy security.

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