QatarEnergy, Shell seal 20-year naphtha supply agreem

QatarEnergy, Shell seal 20-year naphtha supply deal

The deal, set to commence in April 2025, will see up to 18 million tonnes of naphtha delivered to Shell

Qatar’s QNB reports 5.4% jump in third-quarter net profit

Qatar’s QNB reports 5.4% jump in third-quarter net profit

The lender reported a nine-month net profit of QAR12.7bn to September 30, up 7 per cent from the previous year

Most Gulf markets fall on geopolitics, weak oil

Rising geopolitical tensions in the region are having a dampener on the Gulf markets

Dubai limo sector sees surge in passenger nos in H1 2024 image RTA_X

Dubai riding in style with 50% bump in limo passengers

The sector saw passenger numbers surge to nearly 38 million, driven by an influx of new providers and enhanced services

dnata, beOnd partner to elevate premium travel from Dubai

All-business airline beOnd lands new partnership with dnata

In the next five years, beOnd aims to expand its network to 60 global destinations

How Irfan Tansel is fuelling Al Masaood’s innovative spirit

Driving the future: Irfan Tansel on why innovation can’t slow down

The CEO believes the future of the automotive industry depends on its ability to deliver cutting-edge mobility solutions through innovation, diversification, and technological adaptation

Abu Dhabi tops global ranking of cities managing SWF capital

Abu Dhabi tops global ranking of cities managing SWF capital

Abu Dhabi’s dominance in the SWF sector is not only due to its sheer capital but also its strategic investments and diversification across industries

How the UAE’s record budget will be spent in 2025

The budget maintains a balance between income and spending, with both revenues and expenditures approved at $19.6bn (Dhs71.5bn)

ADIA starts operations in India’s GIFT City office

Abu Dhabi fund ADIA boosts global presence with GIFT City office

The fund will undertake a phased transfer of certain existing Indian investments to its GIFT City subsidiary

Global Village season 29 highlights image Dubai Media Office

Global Village Season 29: New features, experiences await visitors

With its fresh look and new features, Season 29 of Global Village promises to be the ultimate destination for families, friends, and visitors of all ages

Saudi PIF to acquire 40% stake in Selfridges Stores

Saudi Arabia’s PIF acquires 40% stake in Selfridges Stores

The deal includes new investment by both PIF and Central to strengthen Selfridges Group’s position and support future development

Saudi Arabia’s PIF eyeing stake in sports streamer DAZN

Saudi Arabia’s PIF eyeing stake in sports streamer DAZN

The streaming platform is a broadcasting partner for Italy’s Serie A, Spain’s LaLiga, Germany’s Bundesliga and France’s Ligue 1

UAE, Jordan sign comprehensive economic partnership agreement

The UAE’s latest CEPA deal is with this Arab nation

The deal builds on robust UAE-Jordan economic ties, with non-oil trade reaching over $4.2bn in 2023

ADNH Catering sets IPO price range, seeks to raise Dhs864m

ADNH Catering eyes serving up Dhs864m in IPO offering

The indicative share price of Dhs0.91 and Dhs0.96 per share implies a market valuation of around $588m at the top of the range

Reboot for world’s tallest tower construction in Jeddah

Once completed, the Jeddah Economic Company (JEC) tower will rise over 1,000 metres and feature 157 floors, making it the tallest structure globally.

Abu Dhabi Crown Prince arrives in Norway Image Abu Dhabi Media Office X

Abu Dhabi Crown Prince arrives in Norway on visit

The state visit is expected to further bolster economic, political and cultural relations between the two countries

CYVN, Nio team up for electric vehicle innovation

Nio and CYVN Holdings drive EV innovation in Abu Dhabi debut

CYVN Holdings will support NIO with strategic investments for the expansion, which will start with UAE

Sheikh Mohammed launches 'Plant the Emirates' national programme

Sheikh Mohammed launches ‘Plant the Emirates’ national programme

Launching in line with the Year of Sustainability 2024, Plant the Emirates seeks to increase green spaces, promote environmental protection efforts, and encourage domestic agriculture

Dubai Airports announces world’s largest rooftop solar panel installation

Massive rooftop solar installation announced for Dubai Airports

The solar initiative, set to generate a total of 39 megawatts peak (MWp) of clean energy, will see the installation of 62,904 solar panels across both DWC and DXB

IHC’s Modon takes lead on Egypt’s Ras El Hekma city project

UAE’s Modon appointed lead developer of Egypt’s Ras El Hekma city project

The Ras El Hekma project is expected to drive significant economic growth, attracting $110bn in investment by 2045

Wynn Resorts secures UAE’s first commercial gaming licence

Wynn Resorts secures UAE’s first commercial gaming licence

The project, which is currently under construction, is a joint venture between Wynn, Marjan and RAK Hospitality Holding

TAX

The newest VAT exemptions for UAE crypto, investment firms

The UAE’s new VAT updates will impact several sectors, with investment fund management and virtual assets receiving key exemptions

PIF mulls bigger stake in Nintendo.

Levelling up? Saudi’s PIF mulls bigger stake in Nintendo

PIF currently owns 8.58 per cent of Nintendo and has stakes in video game companies Nexon, Capcom, and Koei Tecmo

Golden visa for Dubai teachers.

Top of the class: Dubai’s best teachers now eligible for golden visas

Golden Visas will be awarded to top educators in private early childhood centres, schools, and higher education institutions in Dubai

UAE weather: convective clouds, possible rain over Oct 6-9

Rain alert: UAE set for cloudy skies, possible showers from Oct 6-9

The NCM has predicted a probability of local convective cloud formation in Eastern areas, potentially leading to rainfall on Sunday

UAE, Serbia strengthen economic partnership, exchange CEPA

UAE, Serbia strengthen economic partnership, exchange CEPA

This agreement is poised to deepen trade ties and investment opportunities, focusing on priority industries, creating jobs, and bolstering supply chains

Dubai: RTA lifts ban on e-scooters for metro commutersImage: Getty Images

E-scooters allowed on the Dubai Metro again – but these are the new rules

Foldable e-scooters without seats will now be allowed on both the metro and tram, provided they meet specific size and weight restrictions

TAQA prices $1.75bn dual-tranche bond offering, includes green bond

TAQA prices $1.75bn dual-tranche bond offering, includes green bond

The company has now secured a total of $1.85bn in green financing since 2023, supporting its ongoing decarbonisation efforts and expansion of its low-carbon energy portfolio

Abu Dhabi fund ADQ, EQTY Lab team up to launch ClimateGPT

ClimateGPT: Abu Dhabi’s ADQ, EQTY Lab team up to launch new tool

The initiative aims to build trust and accountability in ADQ’s AI implementations and drive transformation across its portfolio

Azizi developments to set up 12 factories in KEZAD-Warehouses Image Kezad For illustrative purposes

Azizi Developments to invest Dhs1bn to build new factories at KEZAD

The factories, spanning 220,000 square metres, will produce essential equipment and parts for the real estate sector