UAE, China look to strengthen comprehensive strategic partnership

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Chinese Premier Li Qiang met this week to discuss economic, political, and cultural cooperation between the nations

IHG, Sankari to debut standalone Regent Residences in Dubai

IHG, Sankari to debut standalone Regent Residences in Dubai

The project, slated for completion by the end of 2027, features a twin-tower development designed by Foster + Partners and is located in Marasi Marina

Abu Dhabi’s MGX in talks to invest in OpenAI: WSJ reports

Abu Dhabi tech investment firm MGX in talks to invest in OpenAI: WSJ reports

The creator of ChatGPT is in talks to raise $6.5bn from investors at a valuation of $150bn

Emirates Development Bank (EDB) launches AGRIX accelerator programme

Emirates Development Bank launches AGRIX accelerator programme

The 20-week programme will provide farmers, agribusinesses, and technology providers with specialised financial solutions and advanced agri-tech tools

New Oracle Database@AWS to ensure seamless cloud integration

New Oracle Database@AWS to ensure seamless cloud integration

The service is expected to be available in preview later this year, with wider availability planned for 2025

Egypt signs power purchase deal with Norway-based Scatec

Scatec secures power purchase deal for Egypt’s first hybrid solar project

The renewable energy firm signed a US dollar-denominated 25-year PPA for a 1 GW solar power plant and 100 MW battery storage project

CEOs shift focus from sustainability to AI, inflation, reveals report

CEOs shift focus from sustainability to AI, inflation, shows survey

Bain’s survey of 19,000 consumers across 10 countries revealed that 61 per cent are more concerned about climate change than two years ago

DMCC launches AI Centre to drive global AI solutions

Dubai: DMCC launches AI Centre to drive global AI solutions

The AI Centre will occupy two floors and integrate DMCC’s other tech-focused platforms, including the DMCC Crypto and Gaming Centres

Abu Dhabi: Mair Group for Strategic Investments launches operations

Abu Dhabi: Mair Group for Strategic Investments launches operations

Mair Group’s assets include Makani Real Estate Company, which operates a diverse chain of community shopping centres, and SPAR for retail, which has been active in Abu Dhabi for over a decade

Paymob secures $22m extension to Series B funding, raises $72m in total

Paymob secures $22m extension to Series B funding, raises $72m in total

The additional funding will further boost Paymob’s efforts to expand its regional footprint and reinforce its position as a leading payments provider in the region

PGIM opens Abu Dhabi office, joining money managers’ rush to UAE capital

PGIM opens Abu Dhabi office, joining money managers’ rush to UAE capital

The investment management firm said it has served clients in the Middle East for many years, but Abu Dhabi office would be its first in the region

How Abu Dhabi’s investment legacy is fostering economic development

How Abu Dhabi’s investment legacy is fostering economic development

The city benefits from a thriving, diversified economy, fueled by strategic vision, structural reforms and prudent economic policies

CAIRO, EGYPT - AUGUST 20: (----EDITORIAL USE ONLY - MANDATORY CREDIT 'EGYPTIAN PRESIDENCY / HANDOUT' - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS----) Egyptian President Abdel Fattah el-Sisi meets US Secretary of State Antony Blinken in Cairo, Egypt on August 20, 2024. (Photo by Egyptian Presidency/Anadolu via Getty Images)

US to release $1.3bn in military aid to Egypt

The ongoing conflict in Gaza has increased Washington’s dependence on Egypt for diplomatic mediation

Abu Dhabi’s tech hub Hub71 attracts $130m in startup investment

Hub71 startups attract $130m in investment; here’s who made it to cohort 15

Cohort 15 startups will benefit from up to Dhs250,000 worth of in-kind incentives and Dhs250,000 in cash for equity through a SAFE note

OZEMPIC

Fake Ozempic: How batch numbers help criminal groups spread counterfeit drugs

Fake Ozempic with a batch number destined for Egypt were found in at least 10 countries

QNB board approves QAR2.9bn share buyback program

QNB board approves QAR2.9bn share buyback program

The share buyback will be carried out through open-market purchases and financed by the lender’s retained earnings and excess cash

Etihad Airways reportedly plans to list in 2025

Abu Dhabi’s Etihad Airways plans IPO no earlier than 2025, report says

The airline had planned to go public this year, but it decided to wait until 2024 to showcase its strong financial performance

Thierry Sabbagh of Nissan Middle East on the Arc and key auto trends

Nissan’s Thierry Sabbagh on The Arc, electrification and all-new Patrol

Nissan’s DVP and president – Middle East, Saudi Arabia & CIS discusses the brand’s impressive growth in the region, driven by a diverse product lineup, robust SUV demand, and customer-centric innovations

Ad Ports signs crane contracts with ZPMC image AD Ports Group

AD Ports awards crane contracts worth Dhs420m for Africa operations

The equipment will be deployed at its terminal projects in Pointe Noire, Republic of the Congo, and Luanda, Angola

EFG_Hermes-annual london conference

EFG Hermes’ annual meet shines light on MENA investment opportunities

The event explored transformative innovations in capital markets and regulatory developments while highlighting investment prospects

Bapco Energies sells stake in Saudi Bahrain Pipeline to BlackRock fund

Bapco Energies sells stake in Saudi Bahrain Pipeline to BlackRock fund

Bapco Energies and BlackRock signed another MOU to explore Bahraini infrastructure and decarbonisation projects in the future

Mubadala Energy strengthens position in Andaman Sea

Mubadala Energy strengthens position in Andaman Sea exploration

Mubadala Energy completed the appraisal of the Layaran discovery in South Andaman, marking the safe conclusion of its drilling campaign

RUSSIA-SAUDI-SPA OPEC TALKS

Saudi crown prince, Russia’s Lavrov discuss OPEC+ cooperation in Riyadh

Lavrov arrived in Saudi Arabia on an official visit on Sunday

ENEC, India's NPCIL to explore civil nuclear energy collaboration

UAE’s ENEC, India’s NPCIL to explore civil nuclear energy collaboration

The MoU allows for future investment opportunities further reinforcing the special strategic relationship between the UAE and India

Rorix Holdings' Finstreet unveils regulated digital trading platform at ADGM

Rorix Holdings’ Finstreet unveils regulated digital trading platform at ADGM

Finstreet’s subsidiaries – Finstreet Global Market, Finstreet Global Clearing and Settlement, and Finstreet Capital – have received financial services permissions from ADGM’s FSRA

NMDC Energy’s shares surge above 20% on trading debut

NMDC Energy’s shares surge above 20% on trading debut

The construction and dredging services firm offered 1.15 billion shares in NMDC Energy, and the offering was 31.3 times oversubscribed

G42 unveils Hindi LLM ‘NANDA’ at UAE-India Business Forum

G42 unveils Hindi LLM ‘NANDA’ at UAE-India Business Forum

NANDA is a 13 billion-parametre model, trained on approximately 2.13 trillion tokens of language data, with a strong focus on Hindi

Aramco-gain-summit

Saudi Aramco unveils 6 new initiatives to drive digital development

Aramco noted that its deployment of supercomputing infrastructure supports development of AI solutions

Oil prices surge after OPEC + extends output cuts

Oil hovers below $70 for second day

Oil benchmarks fell nearly $3 on Tuesday, with Brent hitting its lowest since December 2021 and WTI falling to a May 2023 trough

ADNOC Group to acquire Covestro for about $15.9bn: FT reports

ADNOC to acquire Covestro for about $15.9bn: FT reports

Covestro said in June it was stepping up talks with ADNOC after the UAE’s national energy company made an improved takeover bid