Masdar Terna-X

Masdar to pick up 67% stake in Greece’s Terna Energy

Masdar is expanding in several parts of Europe, as well is in Asia, and the US

UAE - Millionaire

Wealth Migration Report 2024: The UAE remains a millionaire’s favourite country

The report shows a significant increase in HNWI migrations, highlighting a growing trend of millionaires seeking stability and opportunity in favourable jurisdictions

Dar Global - Aston Martin launch The Astera

The Astera: Dar Global, Aston Martin reveal what goes into the making of a star

Aston Martin will design ultra-luxury interiors for the Dar Global property, marking its first real estate collaboration in the Middle East

Careem app

Payrails and Careem: Strategic partnership to upgrade payment integration in MENA

By leveraging Payrails’ platform, Careem can route payments along the most strategic paths, driving higher payment conversions and simplifying the checkout experience for its customers

Dubai Future Foundation, Meta launch business incubator programme

Dubai Future Foundation, Meta launch business incubator programme

The business incubator programme will foster collaboration and help exchange knowledge and expertise in AI product development

Abu Dhabi Government lists $5bn bonds on local exchange

Abu Dhabi Government lists $5.3bn bonds on local exchange

The stock exchange said that the listing will be in three tranches, starting on June 21

Abu Dhabi is MENA region's fastest-growing emerging startup hub, reveals study Image provided by Hub71 - Abu Dhabi's Global Tech Ecosystem

Abu Dhabi is MENA region’s fastest-growing emerging startup hub, reveals study

The GSER report highlighted Abu Dhabi’s strengths in the fintech, agtech and new food, and climate tech sectors, citing the density of talent, support resources, and startup activity

Aramco acquires stake in EIG’s MidOcean Energy

FTAI Infrastructure inks deal with Aramco subsidiary to boost oil supply to Texas terminal

The world’s largest oil firm has been expanding its trading activity

GCC markets Image: Getty Images - ipo

China approves first ETFs tracking Saudi equities, fund managers say

Through the ETF, investors in China will be able to trade Saudi stocks including Saudi Aramco and Saudi National Bank

QatarEnergy acquires 23% of offshore Egypt block from Chevron

QatarEnergy, Exxon seek to remove contractor from Texas LNG project

The project, which was expected to start processing natural gas this year, has not updated its completion schedule

Red Sea

Shipping industry urges Red Sea action as Houthis sink second vessel

International naval forces have been deployed to provide defensive support for ships sailing through the Red Sea, but the attacks have increased significantly

Sofitel The Palm

Dubai’s hospitality boom: Sofitel The Palm’s Christophe Schnyder discusses surging tourism and future challenges

The industry veteran discusses Dubai’s hospitality sector growth, competition, and sustainability efforts in a dynamic tourism market

Air Arabia debuts daily service to Kraków in Poland

Air Arabia debuts daily service to Kraków in Poland

The daily service is expected to boost tourism and trade, leveraging Kraków’s growing appeal as a cultural and economic hub

DIFC-based Aditum and scb partner on first of its kind fund structure -Image-WAM-DIFC

Aditum, SCB partner on new fund structure; 4 funds launched, 10 approved

This launch marks a major milestone as the first fund structure to be made available to UAE investors under the new UAE regulatory regime for public funds

Dubai Mall's new paid parking system starts on this date

Dubai Mall’s paid parking system starts on this date

The initiative aimed at enhancing the guest experience, improving parking availability and streamlining the process will apply to Grand Parking, Cinema Parking and Fashion Parking

air taxi EHang

Saudi Arabia: World’s first licensed autonomous air taxi takes flight during Hajj 2024

The autonomous flight was conducted by EHang Holdings in collaboration with Saudi-based Front End

Advent and ADIA unit to acquire minority stake in Fisher Investments

Advent and ADIA unit to acquire minority stake in Fisher Investments

The money-management firm oversees $275bn for more than 150,000 clients including individuals and institutions

UAE DUBAI cost of living

Mercer’s 2024 Cost of Living City Ranking: How expensive is Dubai?

The ranking highlights how cities around the world fare in terms of living expenses for expatriates

UAE weather rain summer temperatures

UAE weather: Temperatures soar to 49.5 degrees C, light rain offers brief respite

Residents and visitors are advised to stay hydrated, avoid prolonged exposure to the sun, and seek shelter during peak heat hours

Embraer sees Saudi Arabia and India as strategic defence markets

Embraer sees Saudi Arabia, India, EU, US as strategic defence markets

A potential Saudi purchase could involve 25 units, and the planemaker expects the country to make a decision in two to four years

Oil prices surge after OPEC + extends output cuts

Oil funds temper bearishness after OPEC+ reassurance

Inventories of both gasoline and diesel have been rising relative to the seasonal trend in the US, and consumption growth for oil remains tepid across major markets

How the GCC region is powering into the future

How the GCC is fueling the transition to clean energy

The energy transition presents the GCC region with opportunities for climate change mitigation and adaptation as well as economic diversification

Brookfield-led consortium to invest in GEMS Education

Brookfield-led consortium agrees to invest in Dubai’s GEMS Education

The investment will allow CVC Capital Partners to substantially exit its GEMS stake five years after it bought into the firm

RwandAir says Qatar Airways close to acquiring stake

RwandAir says Qatar Airways close to acquiring stake, FT reports

Qatar Airways in 2019 took a 60 per cent stake in a new $1.3bn international airport being built in Rwanda

GCC telcos embrace tech to diversify revenue streams

GCC telcos embrace tech to diversify revenue streams

Top GCC telcos are looking for new ways to expand their businesses and diversify revenue streams as they reinvent themselves as techcos

How MENA is dominating the global crypto market

Here’s why MENA is world’s fastest-growing crypto market

Cryptocurrency is more than just a new asset class, it represents a fundamental change in how assets are managed and verified

Dubai-based mining firm to enter Argentina lithium market

Chile says Saudi mining minister to visit, lithium expected on agenda

Chile is the world’s second-largest producer of lithium

Goldman Sachs sees oil demand growing until 2034

OPEC sees no peak oil demand long term, secretary general says

OPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand

Broaden energy to build green hydrogen equipment manufaturing facility in Abu Dhabi GettyImages-1340022435 Image for illustrative purposes

Broaden Energy to set up Dhs1bn hydrogen equipment facility in Abu Dhabi

The UAE aims to rank among the top 10 producers of green hydrogen globally by 2031, with a production target of 1.4 million tonnes annually

Federal authorities to support AGWA cluster GettyImages-Tatian-Dolgova-1258165850-1

Abu Dhabi: Federal regulators unite to bolster new AGWA cluster

The AgriFood Growth & Water Abundance cluster aims to play a leading role in global efforts to tackle food shortages and water scarcity