ADNOC's Ruwais LNG to earmark 40% stake to four energy companies, say sources

ADNOC’s Ruwais LNG to earmark 40% stake to four energy companies, say sources

The companies are expected to get the offtake at a lower price compared to the market, but with less flexibility, Reuters reported

Tony Douglas CEO of Riyadh Air _ Image Getty Images

Riyadh Air’s Tony Douglas on the airline’s sky-high ambitions

Riyadh Air’s CEO reveals the airline’s plans, focus on digital innovations and its vision for shaping the future of aviation

Abu Dhabi non-oil gdp grwos by 59 per cent over a 10-year period GettyImages-1146024499-1-e1704043948632

Abu Dhabi’s non-oil GDP sees 59% growth in 10 years

In the past decade, Abu Dhabi’s construction sector has grown by 22.6 per cent, finance and insurance by 39 per cent, and manufacturing sector by 102 per cent

AI - Presight

On-premise vs cloud? Presight’s new enterprise AI suite takes on IBM, Google

Presight’s AI suite, comprising Vitruvian and Connect, aims to revolutionise various sectors by enabling the rapid deployment and scaling of AI-powered applications

Abu Dhabi’s ADQ lists debut $2.5bn on local bourse

Abu Dhabi’s ADQ lists debut $2.5bn bonds on local bourse

The fund sold a $1.25bn five-year portion at 80 basis points (bps) over US Treasuries and another $1.25bn 10-year tranche at 90 bps over the same benchmark

Fairmont, Sol Properties to build premium residential tower in Downtown Dubai

Fairmont, Sol Properties to build premium residential tower in Downtown Dubai

Fairmont Residences Solara Tower Dubai joins a portfolio of 16 Fairmont-branded residences, with 22 more projects in the pipeline

Grand Finale Group Michelin Dubai Guide 2024

Michelin Guide Dubai 2024: list revealed

The MICHELIN Guide Dubai 2024 selection includes four new one MICHELIN Star and six new Bib Gourmand restaurants

ADNOC mulls possible bid for Australia’s Santos

ADNOC weighs possible bid for Australian gas company Santos, sources say

With global LNG demand expected to grow 50 per cent by 2030, ADNOC is tapping opportunities around the world including with US players

Oman’s Asyad plans to list shipping unit, hires advisers

Oman’s Asyad plans to float Asyad Shipping, hires advisers, sources say

The company focuses on transporting LNG to the international market, and its fleet includes very large crude carriers and product and chemical tankers

Dubai to build world's largest and most advanced car market GettyImages-1417041621

Dubai to build world’s largest and most advanced car market

This strategic move aims to leverage DP World’s global network to enhance the market’s connectivity with 77 ports worldwide

ADNOC, JBIC ink $3bn green financing agreement

ADNOC, JBIC ink $3bn green financing agreement

The credit facility is part of JBIC’s GREEN lending programme and is partially supported by Japanese commercial banks

DP World partners with China's Zhejiang Seaport Group

DP World-Zhejiang Seaport Group alliance to boost UAE-China trade

The partnership aims to attract shipping companies to establish additional maritime routes and encourage cooperation through slot exchanges and vessel space purchases

Gen Z - Green jobs

‘Eco-anxious’ Gen Z want to work in green jobs but don’t have the skills: Study

A recent survey found that only 1 in 20 Gen Z workers possess the “green skills” necessary to combat the climate crisis

How Majid Al Futtaim is redefining community living

Forest living in Dubai: How Majid Al Futtaim is redefining community living

Ahmed El Shamy, the CEO of Majid Al Futtaim, says that Ghaf Woods embodies the group’s pioneering spirit, and it is the first development in Dubai to offer forest living

Tadweer unveils subsidiaries to advance waste management

Tadweer Group launches subsidiaries to advance waste management

The launch of four subsidiaries follows the group’s acquisition of e-waste innovator Enviroserve in May

UAE law on counterfeit goods and services - anti-commercial fraud law

Understanding UAE’s new law on counterfeit goods and services

This new legal framework intends to safeguard consumers from deceitful practices and ensure that the UAE’s commercial environment remains fair and competitive

Abu Dhabi airports handle 22.4 million passengers in 2023

Abu Dhabi airports’ passenger traffic soars to 22.4 million in 2023

The number of annual arrivals through Abu Dhabi’s airports reached more than 11.1 million, while the number of departures stood at 11.3 million

RTA project to enable entry and exit points to Dubai harbour

RTA awards Dhs431m project to build entry, exit points for Dubai Harbour

The project covers the construction of a bridge of two lanes in each direction spanning 1,500 metres and accommodating 6,000 vehicles per hour

ADIA HEADQUARTERS-ABU DHABI-MEDIA-OFFICE

ADIA subsidiary leads $120m investment in beauty platform Purplle 

ADIA’s leadership in the recent funding round for Purplle Group underscores the attractiveness of the Indian retail market

Dubai drivers can save their RTA licence and registration in Samsung wallet Image RTA _ X

Dubai motorists can now add driving licence, registration to Samsung Wallet

Samsung users can now seamlessly add their vehicle registration and driving license information directly to their Samsung Wallet through the RTA app

Aramco, ADNOC reportedly weigh bids for Santos

Saudi Aramco, ADNOC Group reportedly weigh bids for Santos

The Gulf energy giants have been conducting preliminary evaluations of Santos as a possible acquisition target

CEPSA - BIOMETHANE

Mubadala-backed Cepsa signs biofuels agreement with Lidl’s owner

The first biomethane plant will have a capacity of up to 100 GWh and will feed Cepsa’s planned green hydrogen and biofuels facilities

Oman Majlis' Shura - personal income tax bill

Oman pushes forward with personal income tax framework

The initial draft bill was first introduced in 2022, proposing a tax framework aimed at high earners

ASUS-VIVOBOOK-14

Compact, powerful, and ready to go: The ASUS Vivobook 14

Whether editing videos, participating in hour-long video calls or gaming, the ASUS Vivobook 14×1404 is built to make all tasks possible

UAE’s ADNOC Drilling awarded $733m contract

ADNOC Drilling secures $733m contract for three island rigs

The design of the rig operating systems will leverage real-time condition, performance, and utilisation data to generate actionable insights

ADIB facilitates Dhs5.6bn in sustainable finance in 2023

UAE’s ADIB facilitated Dhs5.6bn in sustainable finance in 2023

The Islamic bank recently unveiled 2030 emissions reduction targets for six key portfolio sectors including home and auto finance

hijri islamic new year

Hijri New Year 2024: Holiday dates announced for UAE, Oman

MoHRE has declared July 7 a paid holiday for private sector employees in the UAE

Dubai Sotheby's International Realty-Jumeirah Bay Island Villa

Dubai’s ‘Billionaire Island’ sets new real estate record with $65m villa sale

The Jumeirah Bay Island villa spans 18,800 square feet and features six bedrooms, a playroom, cinema, gym, and office space

UAE schools Dubai

UAE summer holidays: When do school terms end for the academic year?

The UAE’s Ministry of Education mandates that summer vacations should not exceed 8.2 weeks for any curriculum

Qatar Airways’ full-year profit soars to a record $1.7bn

Qatar Airways posts $1.7bn in full-year profit on robust travel demand

The airline carried more than 40 million passengers, an increase of 26 per cent from the previous year