Oil prices are down nearly 5 per cent so far this year, amid increasing supply from other producers, especially the US
The growth is set to continue, with 40 more hotels expected to open by the end of 2024, as well as 4,748 more rooms between 2026 and 2027
The Onshore Block 2 concession in Al Dhafra covers an area of 7,320 square kilometres, with PETRONAS holding 100 per cent of the exploration rights
Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, cites a report
The trade agreement will remove tariffs on about 98.5 per cent of New Zealand’s exports immediately upon implementation
From later this year, the ride-hailing firm’s users in Abu Dhabi will be able to book a ride in a robotaxi
The DIFC has been luring global banks, asset and wealth managers, and hedge funds, and it is now seeing rising interest from South African entities
As Acer approaches its 50th anniversary, the company continues to prioritise local relationships, supporting digital transformation, and expanding into new markets
The tap was priced at $102.54, yielding 7.35 per cent, a 15 basis points tightening from initial pricing thoughts
The 10-year hybrid facility was provided by Qatar National Bank, Doha Bank and Masraf Al Rayan
e& has secured “all regulatory approvals” and “closing of the deal remains subject to customary remaining closing terms”
The initiative will introduce upscale hotel brands to the emirate, with the Eastern Mangroves hotel set to be rebranded as a Waldorf Astoria luxury resort
The initiative is a five-year global competition that aims to reimagine systems, methods, and materials to advance desalination technologies
The Abu Dhabi centre will collaborate with Microsoft’s global network of development centres to develop solutions in AI, cloud computing, and advanced cybersecurity
OPEC expects world oil demand to reach 118.9 million bpd by 2045, which is around 2.9 million bpd higher than earlier projections
The 5-year bond has price guidance of Treasuries plus around 120 basis points (bps) and the 10-year bond has Treasuries plus about 135 bps
Autoterminal Khalifa Port is strategically positioned, hosting three of the world’s top five container shipping lines
The exhibition centre will be the largest purpose-built indoor events and exhibitions venue in the region upon completion
The deal consists of a portfolio of 745 megawatts (MW) of predominantly wind assets – 538 MW in Spain, 144 MW in Portugal and 63 MW solar PV assets in Spain
The RTA will update traffic signs and road markings along the affected segments to ensure compliance with the new speed limits
Announced during the 79th United Nations General Assembly, the initiative seeks to elevate the climate ambitions of these nations and drive urgent action on sustainability
The New York-based private equity firm received preliminary approval for a license to operate out of the Abu Dhabi Global Market
The transaction positions the ethical beauty brand for a revival amid increasing demand for sustainable and ethically produced beauty products
The space firm will create advanced facilities for designing, building, testing, and integrating various satellite components
Neopay, originally established as a strategic division within Mashreq, has expanded rapidly, becoming a key player in the UAE’s digital payments sector
The IPO attracted six cornerstone investors, including Al-Hosn Investment Company, Bank Dhofar and Tanmia, which agreed to subscribe for shares worth as much as OMR156m
The upgrade includes new features like the Compass Chat mobile app, which offers seamless AI access and enhanced productivity tools for businesses
The 75-storey luxury residential tower on Dubai’s Palm Jumeirah is scheduled for completion in Q2 2028
Menzies Aviation has been operating at Maputo Airport since 2018, offering services like lounge management and ground handling
The Central Bank of Egypt is currently pursuing approval from the Financial Regulatory Authority and the Egyptian Stock Exchange