Air Products (APD) and The Arabian Company for Power and Water Development Wednesday announced a joint venture agreement for the formation of a new company, ACWA Air Products Arabia.
The new company will be located in Al-Khobar city, Saudi Arabia. The partnership will focus on the successful pursuit of large-scale industrial gas opportunities within The Kingdom of Saudi Arabia.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.