ADNOC Gas boosts capex to $15bn on booming LNG market

UAE’s ADNOC Gas boosts capex to $15bn on booming LNG market

The energy firm is expanding processing capacity at home by taking control of a coastal LNG plant from ADNOC Group

Emaar Development Q3 highlights Image Emaar

Emaar Development sees Q3 property sales surge 66% 

Emaar Development posted property sales of Dhs48bn ($13.1bn) for the first nine months of the year

Air Arabia reports Q3 net profit rise of 8% to Dhs564m

The airline launched 22 new routes across its hubs in the UAE, Morocco, Egypt, and Pakistan, further strengthening its network and geographic reach

Saudi Arabia’s ROSHN rebrands to signal strategy shift

PIF’s ROSHN shifts focus to multi-asset development in rebranding push

The developer is building close to 400,000 homes across Saudi Arabia, along with about 1,000 schools, as well as entire commercial and entertainment districts

Cityscape Global Opens Doors Tomorrow in Riyadh, with Over 500 World Class Experts and 400 Renowned Exhibitors in Attendance

Cityscape Global kicks off in Riyadh, features new competitions

The four-day event has drawn participants from over 50 countries, including the US, the UK, China, and Germany

UAE’s Damac Group to launch luxury airline, register for free flights

UAE’s Damac Group to launch new ‘luxury airline’, register for free flights

The luxury airline will fly to six sought-after holiday destinations: Seychelles, Maldives, Bali, Bora Bora, Fiji, and Hawaii

Delivery Hero’s Talabat to divest 15% stake via IPO

Delivery Hero’s Talabat to divest 15% stake via IPO

Delivery Hero is offering 3.5 billion shares in Talabat at a nominal value of Dhs0.04 apiece, representing 15 per cent of its total issued share capital

Sheikh Mohammed approves Dhs3.7bn Dubai road expansion plan

Sheikh Mohammed approves Dhs3.7bn Dubai road expansion plan

The plan, which will cost $1bn (Dhs3.7bn), encompasses 21 projects in 12 residential, commercial, and industrial areas

Kunal Badiani, Regional VP - Middle East, Africa, and Turkey, MoEngage on how consumer businesses in Saudi can digitally transform to achieve Vision 2030

Vision 2030: How Saudi consumer businesses can achieve it with digital transformation

Transforming customer experiences in Saudi Arabia requires a holistic approach combining technological innovation, cultural understanding, and customer-centricity

Sheikh Hamdan new succession planning system for Emirati govt employees

Dubai approves succession planning system for Emirati govt employees 

The resolution aims to strengthen corporate risk management, ensure business continuity, and improve the long-term stability of government operations

Insights: How regtech can turbocharge economic transformation

Insights: How regtech can turbocharge economic transformation

By combining advanced digital tools, data analytics and automation, regtech streamlines processes, alerts against violations, creates reassurance, and can enhance operations

Middle East’s first net-positive mosque launched in Dubai

Equipped with 203 solar panels, the Majid Al Futtaim Mosque generates over 204,121 kWh of power annually, exceeding its energy needs by 115 per cent

ADNOC L&S awards $4.4bn contracts to build 23 supertankers

ADNOC L&S awards $4.4bn contracts to build 23 supertankers

The company is executing a transformative growth strategy encompassing fleet expansion and global market entry

Federal Reserve Chair Jerome Powell Holds His Monthly Press Conference. (Image: Getty)

US Fed rate cut triggers GCC ripple effect – here’s what it means

Most GCC economies have been largely shielded from stubbornly high inflation elsewhere, and have implemented ambitious plans to diversify revenue sources and boost non-oil growth

ORO24’s Atif Rahman on elevating Dubai’s real estate game

Atif Rahman, the founder of ORO24 Developments, shares his approach to resilient growth, the importance of strategic planning, and his perspective on the future of the emirate’s real estate market

Mohamad Hashem on how Kaspersky is fortifying Saudi’s digital space

How Kaspersky is fortifying Saudi Arabia’s digital space

Mohamad Hashem, general manager of Saudi Arabia and Bahrain at Kaspersky, says the company is committed to bolstering the kingdom’s defences against sophisticated cyber threats

Lulu Retail’s $1.72bn Abu Dhabi IPO attracts bids worth Dhs135bn

Lulu Retail’s $1.72bn Abu Dhabi IPO attracts bids worth Dhs135bn

The hypermarket chain operator initially planned to sell a 25 per cent stake and raise as much as $1.43bn, but it increased the size of the IPO

Emirates Group posts $2.8bn in 2024/25 half-year profit

Emirates Group posts record half-year profit on robust travel demand

The group’s revenues in the first six months of its financial year jumped by 5 per cent to $19.3bn (Dhs70.8bn)

Abu Dhabi’s IHC posts Dhs18bn in nine-month net profit

Abu Dhabi’s IHC posts Dhs18bn in nine-month net profit

The holding firm’s financial position is backed by its total assets of Dhs382.9bn as of September 30, driven by investments and asset transfers

UAE’s ADNOC agrees multi-year LNG supply deal with SEFE

UAE’s ADNOC agrees multi-year LNG supply deal with SEFE

The deal, which expands the UAE’s efforts to become a key supplier of LNG, converts a preliminary deal signed in March to a definitive sales agreement

ADNOC awards contract to expand 3d seismic survey Image courtesy ADNOC

ADNOC awards $490m contract to expand world’s largest 3D seismic survey

The 3D mega seismic survey, which began in late 2018, covers a vast 85,000 square kilometres across onshore and offshore areas in Abu Dhabi

GCC leaders congratulate President Trump on historic election victory

GCC leaders congratulate Trump on historic election victory

The election of Trump is not just a big deal for the US – a new president in the White House can transform the country’s foreign policy

UAE debt market registers 13.1% YoY growth, Fitch Ratings says

UAE debt market registers 13.1% YoY growth, Fitch Ratings says

The growth in the country’s debt capital markets demonstrates its expanding financial landscape and its strategic role in the global Islamic finance market

UAE unveils National Investment Strategy Image DubaiMedia Office copy

UAE unveils National Investment Strategy 2031

The National Investment Strategy 2031 is more than a roadmap for FDI growth; it represents the UAE’s strategic intent to be a leader in emerging sectors and a magnet for top talent

MAF replaces Carrefour in Jordan with Hypermax

UAE’s MAF replaces Carrefour in Jordan with new ‘Arab grocery chain’

Carrefour Jordan had announced late Monday in a Facebook post that it would no longer operate in the country

ADIPEC 2024: ADNOC, Masdar, Microsoft to drive AI, low-carbon initiatives

ADIPEC 2024: ADNOC, Masdar, Microsoft to drive AI, low-carbon initiatives

The collaboration will support environmental and economic goals through AI-driven initiatives in renewable energy, carbon capture and efficiency improvements

Jamal Saleh - UBF DG on the potential of digital lending and financial inclusion

UAE Banking Federation’s Jamal Saleh on the potential of digital lending

Jamal Saleh, director general of the UAE Banks Federation (UBF), emphasises the need for a robust and inclusive digital lending ecosystem in the UAE to support economic growth and financial inclusion

Oman’s OQ to offer 49% stake in methanol, ammonia unit

Oman’s OQ to offer 49% stake in methanol, ammonia unit

The listing would allow investors to invest in Oman’s only production company of methanol, ammonia and LPG products

Saudi Aramco reports 15% drop in Q3 profit, maintains dividend

Saudi Aramco reports 15% drop in Q3 profit, maintains dividend

Aramco expects to declare total dividends of $124.3bn in 2024, of which $43.1bn would be performance-linked dividends

ADNOC Drilling JV to acquire 95% stake in Deep Well Services for $223m

ADNOC Drilling JV to acquire 95% stake in Deep Well Services for $223m

The transaction, subject to regulatory approvals, would be on a cash-free, and debt-free, excluding transaction fees and expenses