The Abu Dhabi National Oil Company ADNOC announced on Friday that it would acquire a 30-percent equity stake in a gas field off the …
UAE: GLH, UMS sign partnership agreement to establish first factory for green batteries, power generators in Middle East
GL Holding GLH announced the signing of a partnership agreement with Urban Mobility Systems UMS a leading Dutch company in the green energy sector to laun …
UAE’s ADNOC buys stake in Azerbaijan gas field
The Abu Dhabi National Oil Company (ADNOC) signed a deal with Azerbaijan’s state energy company, SOCAR, and France’s TotalEnergies to acquire a 30% stake in the Absheron gas field, in the Caspian Sea.
Shuttle tanker operator KNOT Offshore hires new CEO
A senior executive from Dubai’s Telford Offshore has been named the new chief executive of shuttle tanker operator KNOT Offshore, the Aberdeen-based company announced.
Pune Customs seize Rs 1.5 crore worth UAE Dirhams from flyers
The seizures occurred as the flyers were carrying foreign currency above the permissible limit, officials said.
Man Smuggles Gold Worth Rs 52 Lakh From Dubai Inside Rectum, Arrested At Delhi Airport
Air Customs on Friday apprehended a passenger arriving from Dubai after discovering 991.4 grammes of gold worth Rs 51.72 lakhs concealed in three capsules hidden in his rectum in a significant …
Israel, UAE trade ties marching ahead
The Israel, UAE ties are on a solid growth track as the bilateral trade between both countries is expected to cross $3 billion by end of this year due to the Comprehensive Economic Partnership …
Hedge funds setting up in Dubai to access talent pool, investment opportunities
Dubai also has a “favorable tax regime (including no personal tax) compared to tax rises being endured elsewhere” and a visa scheme that includes self-sponsored renewable residence visas for …
The Middle East fintech market experience rapid growth with a total funding of approximately $2bln
Dubai:- Recent fintech research conducted by red_mad_robot reveals that the Middle East fintech industry is experiencing significant growth and investment opportunities. Over the past two three years …
This Abu Dhabi monument inspired a jiu-jitsu world champion’s journey
Jiu-jitsu world champion Faisal AlKitbe finds inspiration from the Wahat Al Karama monument, designed by British artist Idris Khan.
UAE’s ADNOC to Take 30% Stake in Caspian Sea Field
Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 30% stake in the TotalEnergies-operated Absheron gas and condensate field in the Caspian …
EDBI-Backed Singapore Fintech Startup Thunes Wants To Take On SWIFT
Seven years after helping businesses solve the pain points of cross-border payments, Thunes now has bigger ambitions — to disrupt the dominance of SWIFT, the world’s dominant international financial …
Dubai Investments H2 net profit rises 59% to Dhs580m
Dubai Investments reported a 65 per cent increase in net profit to Dhs266.03m in Q2 2023 as compared to Dhs161.54m for Q2 2022.
DUBAL Holding, Oriental Copper join hands to create jobs with new copper production unit in UAE
The investment arm of Dubai Government has signed an MoU with Thailand’s Oriental Copper to manufacture copper products in the UAE DUBAL Holding, Oriental Copper join hands to create jobs with new …
Abu Dhabi’s ADNOC to acquire 30% in Azerbaijan’s Absheron gas field
UAE oil giant Abu Dhabi National Oil Company (ADNOC) said it would acquire a 30% stake in Azerbaijan’s Absheron gas and condensate field in the Caspian Sea.
Baseball United unveils Dubai Wolves and Abu Dhabi Falcons franchises
The Dubai and Abu Dhabi teams are the first-ever professional baseball franchises in the history of the GCC region Baseball United unveils Dubai Wolves and Abu Dhabi Falcons franchises Abu Dhabi …
How the UAE plans to compete with the U.S. and China on A.I.: ‘Our size is actually an enabler’
As an oil rich nation, some might think the UAE would resist that transition. But instead, it has embraced it as an existential necessity. I spoke with Sultan Ahmed Al Jaber, who runs the Abu Dhabi …