Abu Dhabi economic delegation strengthens collaboration with Japanese-based enterprises across key high-growth sectors
An Abu Dhabi economic delegation, led by the Abu Dhabi Department of Economic Development (ADDED), concluded a successful visit to Japan, signing a ...
ADNOC Distribution reports $174mln net profit, with 16% y-o-y increase
ABU DHABI - ADNOC Distribution today reported record Q1 EBITDA and fuel volumes that drove double-digit year-on-year (y-o-y) earnings growth. ...
Job creation in UAE’s non-oil sector rises to highest level in 11 months, says PMI
Businesses in the UAE’s non-oil sector increased employment levels at a stronger pace in April 2025 in a bid to ease capacity pressures and s ...
Masdar drives new era of growth for Terna Energy as Greece’s largest renewables company delists from ATHEX
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, announced today its subsidiary TERNA ENERGY has completed ...
Borouge Q1 2025 net profit increases to $281mln
Borouge Plc, a leading petrochemicals company providing innovative and differentiated polyolefins solutions, has reported a substantial $281 millio ...
FAB, IHC, and ADQ Unveil UAE’s First Fully Regulated Dirham Stablecoin
IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Ce ...
Mubadala and Fortress agree $1bn private credit partnership
Abu Dhabi’s Mubadala has inked a strategic partnership with Fortress Investment Group which will see the sovereign wealth fund deploy $1bn (& ...
Oil prices settle up on weaker US dollar, mixed economic news
Oil prices edged up on Thursday as investors weighed a weaker U.S. dollar, potential OPEC+ output increase, mixed economic news, conflicting U.S. t ...
Abu Dhabi Islamic Bank’s Q1 net profit up 18% at $463mln
Abu Dhabi Islamic Bank (ADIB) delivered a double-digit growth in net profit for the first quarter of the year, driven by higher lending and income ...
Khazna starts work on two new AI data centres in Abu Dhabi
UAE-based Khazna Data Centers said it has broken ground on two new facilities in the UAE as it looks to expand its data centre footprint and meet d ...
2025 Handbook of IMF Facilities for Low-Income Countries
This Handbook provides guidance to staff on the IMF’s facilities available to countries eligible to obtain concessional financing from the Fu ...
Huawei readies new AI chip for mass shipment as China seeks Nvidia alternatives, sources say
According to Reuters ,Huawei Technologies (HWT.UL) plans to begin mass shipments of its advanced 910C artificial intelligence chip to Chinese custo ...
US stocks and dollar plunge as Trump attacks Fed chair Powell
US stocks and the dollar plunged again as President Donald Trump intensified his attacks on the US central bank boss calling him "a major loser" fo ...
Saudi Aramco signs development deal with China's EV giant BYD
Saudi oil giant Aramco signed a joint development agreement with Chinese electric vehicle (EV) manufacturer BYD to explore collaboration in the dev ...
UAE set to use AI to write laws in world first
The United Arab Emirates aims to use AI to help write new legislation and review and amend existing laws, in the Gulf state’s most radical at ...
UAE foreign trade reaches AED5.23 trillion in 2024
The UAE foreign trade touched AED5.23 trillion ($1.424 trillion) in 2024, a 49 per cent increase from AED3.5 trillion ($949 billion) in 2021, accor ...
Deutsche Bank sees more China clients moving out of US assets
The outlook for European markets has improved due to Germany’s approval of a landmark spending package and scope for more interest-rate cuts ...
The Fall of Egypt’s “B Laban” Chain — Causes and Consequences
In recent days, Egypt has witnessed a significant development in the food sector as all branches of the popular dessert and dairy brand “B La ...
Legend Holding Group strengthens UAE-China partnership ties, future-forward innovation
Legend Holding Group opened its global headquarters in Dubai, reaffirming its vital role in the deepening relationship between the United Arab Emir ...
ADNOC Drilling secures $1.63bn drilling services contract
The five-year contract encompasses services including directional drilling, drilling fluids, cementing, wireline logging and tubular running. ...
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