Abu Dhabi National Oil Company (ADNOC) is planning to set up a trading desk in the US as part of the United Arab Emirates-backed oil and gas producer’s global expansion efforts, several sources …
Dubai Ruler meets with Prime Minister of Kuwait on sidelines of 33rd Arab League Summit
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, in the presence of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of …
Patterson-UTI (PTEN) Teams Up With ADNOC Drilling in the UAE
Patterson-UTI Energy, Inc. PTEN disclosed a significant development involving its subsidiary, Patterson-UTI International Holdings, Inc. The subsidiary has entered into a non-binding term sheet with …
UAE launches 10-year Blue Residency visa
The UAE has introduced a new 10-year Blue Residency visa for individuals who have made outstanding contributions to environmental protection, whether on land or in marine environments. Sheikh Mohammed …
Abu Dhabi Customs launches first phase of Virtual Corridors Cargo Movement System
The General Administration of Abu Dhabi Customs has completed the Virtual Corridors Cargo Movement System in the Emirate of Abu Dhabi, to facilitate the movement of duty-suspended goods between …
ARABIAN CHEMICAL TERMINALS ABU DHABI BEGINS OPERATIONS
KUALA LUMPUR, May 16 (Bernama) — Arabian Chemical Terminals LLC in Abu Dhabi (ACTAD) announced its newly built chemical tank storage terminal in Khalifa Port, Abu Dhabi, United Arab Emirates (UAE), …
Dubai leaks: Mohsin Naqvi says all properties ‘declared’ with relevant authorities
The OCCRP’s Dubai Unlocked project revealed data of thousands of Pakistanis … He expressed sorrow over the trend of branding successful businesspersons “thieves” and vilifying doing business in the …
Prime office space demand outstrips supply as investors’ influx to Dubai surges
Demand for quality Grade A office space in Dubai is outstripping supply across all primary submarkets as the emirate continues to attract overseas investor..
Bybit Enhances Crypto Spending with Easy 2 per cent Cashback Rewards
Bybit, one of the world’s top three crypto exchanges by volume, has unveiled a 2 per cent cashback offer on its Bybit Card — paid in USDT directly to users’ accounts. The cashback applies to all …
Sharjah’s investment prospects showcased to Mauritian investors
The Sharjah Chamber of Commerce and Industry, in collaboration with the Economic Development Board of the Republic of Mauritius, hosted the Sharjah-Mauritius Business and Investment Forum on Wednesday …
UAE e-commerce market to reach $13.3bn by 2028
The UAE e-commerce market is tipped to hit $13.3bn by 2028, according to EZDubai. The fully dedicated e-commerce zone in Dubai South, has launched the fourth edition of its ‘E-Commerce Report in the …
UAE-Based Param Labs Secures US$7 Million In A Funding Round Led By Animoca Brands, With Support From Delphi Ventures, Mechanism Capital, And Others
Strategic investments were made by Animoca Brands co-founder Yat Siu and FaZe Clan co-founder Richard “FaZe Banks” Bengtson as well.
Dubai Metro stations to reopen soon: Residents ‘can’t wait’ for daily commute to ease
Onpassive, Equiti, Mashreq, and Energy stations have been shut since unstable weather conditions hit the country in April …
Small in size, high in price: Why Dubai property buyers are shifting their hunt to outskirt areas
New property units in Dubai are approximately 12.5 per cent smaller than older ones, despite prices going up substantially higher in the post-pandemic period. This has prompted many property buyers …
Mideast Stocks: Most Gulf markets rise on US rate cut optimism; Dubai slips
Saudi Arabia’s benchmark stock index bounced back after two straight sessions of losses and advanced 0.8%, with ACWA Power rising 6.2% and Saudi National Bank, the kingdom’s largest lender, adding 1.7 …
ADX gained $1.9bln today, fueled by strong performances from bank stocks
The total market capitalisation of listed shares reached AED3.49 trillion at the end of Thursday’s trading session …
ADX: Abu Dhabi exchange adds $1.9bn in one day on strong bank stocks
On DFM, Emaar Properties emerged as the most actively traded stock, attracting AED139.8m in liquidity. Air Arabia followed with AED29.3m in liquidity, while Emaar Development and Dubai Islamic Bank …