The Abu Dhabi National Oil Company (ADNOC) has made a significant leap into Sub-Saharan Africa by acquiring Shell’s downstream operations in South Africa for $1 billion (approximately R16 billion). This deal not only represents ADNOC’s largest investment in the region but also underscores the increasing efforts by Gulf energy companies to broaden their global reach...
The animal feed additives market in the Middle East and Africa is set for significant growth, with projections estimating a rise from USD 2.29 billion in 2026 to USD 3.68 billion by 2034. This growth reflects a compound annual growth rate (CAGR) of 6.1% during the period from 2026 to 2034, indicating a robust expansion...
The Abu Dhabi Investment Authority (Adia) is reportedly preparing to invest in the upcoming initial public offering (IPO) of SBI Funds Management, which is recognized as India’s largest asset manager. This IPO aims to raise $1.2 billion and is attracting considerable interest from various foreign investors, particularly from the Middle East and Singapore’s Government of...
The Emirates Credit Insurance (ECI) is set to strategically utilize its network of UAE Comprehensive Economic Partnership Agreements (CEPA) to facilitate the expansion of local exporters into international markets. This initiative was discussed in a recent board meeting, where members emphasized the importance of enhancing the export credit portfolio to better support UAE businesses. The...
The UAE’s Golden Visa program, which allows long-term residency for investors, is not just about meeting the AED 2 million investment threshold. Recent reports highlight that Golden Visa applicants must navigate a variety of additional requirements that differ based on the type of investment and the necessary documentation. This multifaceted approach is aimed at ensuring...
Modon has made headlines in the UAE real estate sector with the unveiling of Hudayriyat Golf Estates, a premier residential development on Hudayriyat Island, Abu Dhabi. In a remarkable feat, the project has seen over AED 13 billion (approximately USD 3.54 billion) in sales within just days of its launch, setting a new record for...
Standard Chartered has expressed optimism regarding the business landscape in the UAE, predicting a notable increase in activity for the third quarter of 2026. The bank’s analysts emphasize that the anticipated growth is largely driven by consistent development in the non-oil sector and a slow but steady rebound in external demand, marking a positive trajectory...
Abu Dhabi National Oil Company (Adnoc) has solidified a new 15-year agreement with Japan’s Inpex, focusing on the supply of liquefied natural gas (LNG) from its Ruwais facility. This announcement underscores Adnoc’s strategic push to expand its global footprint in the energy market, coming in the wake of the recent launch of a joint global...
The commercial real estate market in the UAE continues to thrive amidst regional uncertainties, showcasing an unprecedented demand for office space. Major cities like Dubai and Abu Dhabi are witnessing a surge in rental rates and an influx of new development projects, solidifying their status as key global business hubs. Recent reports indicate that the...
Dar Global, the international real estate branch of Saudi Arabia’s renowned developer Dar Al Arkan, has announced its strategic intention to target distressed residential properties in key areas of central London. This pursuit comes in light of mounting refinancing challenges, increased debt burdens, and the fallout from numerous unsuccessful project completions, particularly in affluent districts...