Abu Dhabi energy company sells stake in Indian power plant
Abu Dhabi National Energy Company (TAQA) has sold its entire stake in an Indian power plant for around $104.65 million,...
Julian Amani, Business correspondent
Saudi Aramco completes $11 billion gas processing deal
Saudi Aramco has announced the completion of an $11 billion (£8 billion) investment agreement with a consortium of investors for...
QatarEnergy strikes 17-year gas supply deal with India
State-owned QatarEnergy has signed a 17-year Sales and Purchase Agreement (SPA) with India’s Gujarat State Petroleum Corporation (GSPC) for the...
Saudi Arabia to move $925 billion away from megaprojects
Saudi Arabia is set to move $925 billion of its sovereign wealth fund away from real estate megaprojects that had...
MENA hospitality market to surpass $487 billion by 2032
The Middle East and North Africa’s hospitality is set to grow to more by than $487 billion (£365 billion) by...
Amazon launches “15-minute” delivery service in UAE
Amazon has launched its delivery service Amazon Now across the UAE, according to an announcement on Amazon's website published on...
Saudi asset manager announces $1.6 billion real estate fund
Leading Saudi asset manager, Riyad Capital, has announced a collaboration with the Saudi Railway Company to launch a $1.6 billion...
Abu Dhabi’s IHC acquires stake in Pakistan’s women bank
Abu Dhabi’s IHC (International Holding Company) has acquired a majority stake in Pakistan's state-owned First Women Bank Limited (FWBL), reports...
Emirates Driving Company acquires 22.5% stake in Mwasalat
Abu Dhabi-based Multiply Group, which is an investment holding company, announced on October 20th that its subsidiary, Emirates Driving Company...
UAE data centre market to be worth over $3.3 billion by 2030
The UAE’s data centre market is predicted to surpass a value of $3.3 billion (£2.5 billion) by 2030 due to...
AI-powered waste monitoring pilot set to launch in Abu Dhabi
Abu Dhabi’s Tajmee’e, Tadweer Group’s waste collection subsidiary, has collaborated with the global infrastructure intelligence company EchoTwinAI in a bid...
Egypt to drill 480 oil wells in $5.7 billion plan
Egypt has announced plans to drill 480 exploratory oil wells over the next 5 years, based on investments worth $5.7...
Swiss bank UBS opens advisory office in Abu Dhabi
The Swiss bank UBS has opened a new advisory office in Abu Dhabi’s financial centre, Abu Dhabi Global Market (ADGM),...
Egypt increases domestic fuel prices
Egypt increased prices on various fuel products, the second increase this year, Reuters reported on October 17th citing Egypt's official...
“AI is a new oil” says UAE cyber chief
Artificial Intelligence is “a new oil” for the UAE according to its head of Cybersecurity Mohamed Al Kuwaiti, the World...
