The power plants will be operational in a phased approach
ADNOC is striking strategic deals across Europe, as it seeks to diversify, its upstream and downstream operations
Deliberations between the two lenders are reportedly ongoing but there is no certainty that they will result in a deal
The mega sale will take place on June 28 from 10am until 10pm, with exclusive discounts of up to 90 per cent across more than 100 brands
The Dhs30bn project targets boosting Dubai’s drainage network’s capacity by 700 per cent
The overall GCC budget position is projected to remain somewhat in surplus this year, driven by robust financial standings and favourable credit ratings
ADNOC’s initial informal offer to Covestro was reported in June 2023, but it wasn’t until September last year that the German company entered into open-ended formal discussions
The supermarket chain plans to expand its presence in Saudi Arabia, with up to 12 new stores scheduled to open in the kingdom by 2028
The initiative is expected to drive economic growth, job creation, and technological innovation across the region
This is the second time in a week, that temperatures in the UAE, neared the 50 degrees C mark.
The ‘Film City’ project, aims to generate substantial employment opportunities, with plans to create over 100 jobs for Omanis in its first year
Saudi Aramco’s chairman Yasir Al Rumayyan, who heads Saudi Arabia’s Public Investment Fund, was initially appointed to RIL’s board in 2021 for a three-year term
Construction will start in August, said Abdallah Sultan Al Owais, chairman of the Sharjah business body
RedBird IMI’s sale of the titles is expected to conclude later this year
Plans are in place to expand Dubai’s Intelligent Traffic Systems (ITS) technology from 60 per cent to 100 per cent of the emirate’s road network
Brazil will start racing from the beginning of SailGP’s fifth season, which is due to begin in November
A faster growing oil and gas sector in 2025 will boost growth in the UAE, says a report
Virtuzone chairman Neil Petch says the UAE is one of the startup capitals of the world amid the high rate of business registrations in the country
Through regulatory frameworks and policy initiatives, Saudi Arabia has emerged as a burgeoning hub for digital advancement, writes Tech Mahindra’s COO
EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand
Jochen Knecht, CEO at IFZA, shares how the free zone is committed to empowering startups with the tools, resources, and support they need to succeed in a rapidly evolving business landscape
Mahmoud Bartawi founded Under500, a brand that was ultimately acquired by dark kitchen outfit Kitopi after raising $700m from investors
The planemaker is pursuing certification with Europe’s aviation regulator for its C919 jet while also looking for international customers
The initiative to appoint chief AI officers across government bodies is part of a broader strategy to integrate cutting-edge AI technologies into the governance structure
National banks accounted for 90 per cent of the combined credit to the two sectors, while the remaining 10 per cent (Dhs84.3bn) came from foreign banks
In addition to the new routes, Etihad has commenced operations to several seasonal destinations and returned to popular summer hotspots
The conglomerate said the rationale behind the buyback is driven by its robust financial standing, characterised by significant cash flow and a strong balance sheet
The top countries contributing to Bahrain’s FDI stocks as part of a diverse portfolio include Kuwait, Saudi Arabia and the UAE
These projects, led by the Ministry of Finance, are part of the UAE’s comprehensive strategy to future-proof its economy and reinforce its status as a leading global financial hub
Masdar is expanding in several parts of Europe, as well is in Asia, and the US