Tashkent is positioning itself as a potential leader in the Islamic fintech landscape, aiming to become Central Asia’s key financial technology hub. This ambition was unveiled during the recently concluded Silk Road Finance & Technology Forum, where Uzbekistan outlined its strategic vision to link the burgeoning fintech domain with the expansive $6 trillion global Islamic...
On Wednesday, the Jordanian Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, formalized agreements aimed at enhancing the energy landscape of the nation by signing contracts for natural gas supply pipelines to serve the Al-Muwaqqar and Al-Rawda industrial cities. This initiative comes with crucial backing and financing from the Abu Dhabi Fund for Development, marking...
Millennium Capital has announced the appointment of Emmanuel Clair as senior commodities portfolio manager, marking a significant development for the hedge fund as it broadens its reach beyond its limited presence in Jersey. Clair brings a wealth of experience to the role, having spent a decade at Goldman Sachs where he was instrumental in energy...
Aqua 1 Foundation, a prominent investment firm based in the UAE, has found itself in a challenging position as reports indicate that its beneficial owner, Zhou Guren, has been listed on China’s public defaulter registry. This news comes in the wake of Aqua 1’s significant investment in World Liberty Financial (WLFI), amounting to $100 million...
The Abu Dhabi Power Corporation’s subsidiary, L’imad, has successfully completed the acquisition of Taqa, which now results in Taqa being completely owned by L’imad. This acquisition paves the way for Taqa’s delisting from the Abu Dhabi Securities Exchange (ADX), signaling a significant shift in the market dynamics for utility companies within the region. With Taqa’s...
Airwallex, a leading fintech firm, has announced a significant investment of $43 million aimed at expanding its operations in the United Arab Emirates over the next five years. This substantial financial commitment is set to enhance their multi-currency infrastructure and develop agentic finance products that cater to the growing needs of businesses in the region....
As nations within the Gulf Cooperation Council (GCC) continue their efforts to diversify their economies, the competition for critical minerals has intensified. No longer solely a matter of commercial benefit, the strategic importance of resources such as copper, lithium, cobalt, and rare earth elements is becoming increasingly evident. These minerals play a key role in...
The UAE International Investment Council (UAEIIC) held its third board meeting on August 23, 2026, under the leadership of Dr. Thani bin Ahmed Al Zeyoudi, the Minister of Foreign Trade. This gathering marked a significant step in the Council’s ongoing efforts to enhance the UAE’s outward foreign direct investment (FDI) initiatives. The primary focus of...
The UAE is embarking on a strategic partnership with Rajasthan, India, to enhance tourism infrastructure, including the development of tourist destinations, heritage sites, and hotels. This initiative was solidified during a recent roundtable organized by the UAE’s Ministry of Economy and Tourism and the Confederation of Indian Industry. The discussions focused on fostering collaboration in...
The Abu Dhabi National Oil Company (Adnoc) has formally announced its selection of Reatile Oil & Gas as its Black Economic Empowerment (BEE) partner in a substantial deal involving Shell. This collaboration, valued at approximately 16 billion dirhams (around $4.34 billion), signifies a pivotal moment in Adnoc’s strategy to cement its international presence and diversify...