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ADNOC to start production at Ras Al Sadr gas field

ADNOC Group to begin production at Ras Al Sadr gas field

The field has production capacity of up to 100 million standard cubic feet of gas per day

UAE’s ADNOC planning US trading expansion

UAE’s ADNOC planning US trading expansion

ADNOC has been stepping up its global expansion in recent years, including building trading operations since 2018

Oil August 1

Oil prices up after US economic data strengthens rate cut expectations

Equities, which tend to move in tandem with oil prices, rose on the rate cut hopes, with the Dow reaching an all-time high of 40,000 for the first time

Nigeria-Emirates not happy with Boeing delays in fixing 777X

Emirates to resume Nigeria flights, ending two-year suspension

Emirates suspended flights between the UAE and Nigeria because of an inability to repatriate funds

Ahmad El Dandachi - microsoft

AI and cybersecurity: Microsoft’s strategy for the digital era

Microsoft’s approach to cybersecurity combines advanced AI, integrated security solutions, and a focus on compliance and flexibility

CBRE real estate

Trends shaping real estate in the GCC: An in-depth conversation with Anshuman Magazine of CBRE

CBRE has expanded its offerings as well as operations as the GCC sees a real estate boom backed by economic versatility and government investment programmes

Lunate at ADGM

Abu Dhabi’s Lunate launches ETF tracking Japanese equities

The ETF market will contribute to bolster “Abu Dhabi’s plan to diversify its economy and attract more investors to its financial centre

Egypt-ras al-hekma-UN-HABITAT

Egypt receives second payment of $14bn from UAE

The deal with Abu Dhabi sovereign fund ADQ to develop the peninsula 200 km west of Alexandria includes a total of $35bn in investments

Blue Residency Visa

UAE launches Blue Residency visa for environmental advocates: Everything you need to know

The Blue Residency visa represents a significant step in the UAE’s efforts to prioritise sustainability and environmental protection

UAE’s TAQA Group posts Dhs2.1bn net income in Q1 2024

UAE’s TAQA Group posts Dhs2.1bn net income in Q1 2024

The company’s earnings before interests, taxes, depreciation and amortisation rose by 4.9 per cent to reach Dhs5.5bn

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

As part of the plan, Tecom will invest Dhs966m to acquire commercial and industrial assets from Dubai Holding Asset Management

Mubadala Energy

Indonesia wants Mubadala Energy to accelerate South Andaman gas development

Mubadala’s Indonesian unit said the company was fully aligned with Jakarta’s desire to accelerate the project

dnata-image-credit-dnata

UAE’s dnata looking at M&A deals

dnata’s chief executive Steve Allen says “there is significant scope for consolidation in airport ground handling globally”

Einride DP World to launch largest deployment of electric, autonomous mobility on region Image DP World/ Dubai Media Office

DP World, Einride launch region’s biggest autonomous freight deployment

Once at full operational capacity, the initiative will save up to 14,600 tonnes of carbon dioxide equivalent annually and 158 tonnes of nitrogen oxides annually

Dubai tops global ranking for greenfield FDI projects for third time running photo courtesy Dubai Media Office

Dubai tops global list for attracting greenfield FDI projects

In 2023, Dubai welcomed 1,070 global greenfield FDI projects, surpassing second-placed Singapore by 142 per cent and third-placed London by 148 per cent

Mina Al Hamriya expansion project completed by DP World Image DP World

DP World concludes major expansion of Mina Hamriya project

The enhancements will enable the handling of a wider variety of vessels from traditional dhows to Ro-Ro, bulk and container carriers

Sheikh-Hamdan-Dubai-Quality of Life-Strategy-Dubai-Media-Office

Dubai Quality of Life Strategy 2033: Sheikh Hamdan announces massive infrastructure upgrade

The strategy includes a host of initiatives designed to enhance wellbeing across various facets of Dubai’s urban environment

Emaar development-Q1 property sales rise 50 per cent image-Emaar-e1713532878998

Emaar Development reports 50% rise in Q1 property sales

Emaar Development’s sales backlog has increased to Dhs65.7bn, which will be recognised as revenue in the coming years

CEO and board of directors

In the dark hours: 5 challenges haunting Middle East CEOs

A recent survey of over a hundred CEOs and board members in the Middle East highlights concerns about leadership attraction, development, and planning

Digital payments: Top transformative trends in the MENA region

Digital payments: Top transformative trends in the MENA region

Amazon Payment Services’ latest report is based on the quantitative data and insights from more than 100 executives responsible for payments in businesses across Saudi Arabia, the UAE and Egypt

OPEC Fund approves over $500m in new global development support

OPEC sticks to global oil demand projections in monthly outlook report

OPEC sounded an upbeat tone on the economic outlook as well as future oil demand

Eid Al Adha holiday

Eid Al Adha 2024: When is the next public holiday?

The Day of Arafat, which precedes Eid al-Adha, is anticipated to be observed on June 15

Crypto Oasis sees ecosystem grow to 2,040 active firms in Q1 2024

Crypto Oasis sees ecosystem grow to 2,040 active firms in Q1 2024

Crypto Oasis said the 13.3 per cent year-on-year increase reflected the overall growth of the industry in the UAE

Natural gas

Mubadala Energy confirms significant gas discovery in Indonesia

The Tangkulo-1 discovery aligns with the company’s gas-focused strategy and serves as a significant milestone in the region’s development

Air Arabia reports a 22% decrease in Q1 profit

Air Arabia’s Q1 net profit plunges by 22%, despite network expansion

The carrier said the seasonality shift in Ramadan, higher fuel prices and currency fluctuations in key markets hurt its profit in Q1 2024

Rain Showers

UAE weather: Relief from soaring temperatures as NCM forecasts rain in days ahead

The weather agency has forecast intermittent showers for parts of the country

How AI will unfold in the future_GettyImages-1194176305

UAE releases new AI model Falcon 2 to compete with Meta, OpenAI

The Falcon 2 series come as companies and countries are racing to develop their own large language models following the 2022 release of ChatGPT by OpenAI

JAIS Visual

Core42 launches Jais Chat: An Arabic-English AI chatbot

At its core lies Jais 30B, touted as the world’s most performant Arabic Large Language Model

Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group

Emirates Group announces best ever performance with profits up 71%

Emirates airline, the UAE’s flagship carrier, reported a new record profit of Dhs17.2bn

Shitij Kapoor. Image credit: Supplied - LCRE - Kempisnky The Boulevard penthouse

Downtown Dubai milestone: Kempinski The Boulevard penthouse sells for record Dhs80m

The penthouse, which boasts unparalleled views and lavish amenities, commanded an impressive price of Dhs10,715 per square foot