The Dubai Electricity and Water Authority (DEWA) has announced that clean energy sources now contribute to 21.5% of the emirate’s overall energy production mix. This significant milestone is part of Dubai’s comprehensive strategy to enhance its energy sustainability and reduce reliance on fossil fuels. DEWA is currently undertaking an ambitious investment initiative, channeling $1.9 billion...
The recent revision of duty-free gold limits by the Indian government has provided non-resident Indians (NRIs) and tourists in the UAE a unique opportunity to save significantly on gold purchases. Under the new rules, travelers can bring back a higher quantity of gold into India without having to pay customs duties, translating into substantial savings...
Abu Dhabi National Oil Company (ADNOC) Logistics and Services has made a significant advancement in its operations by placing an order valued at approximately $900 million to acquire four additional liquefied natural gas (LNG) carriers. This strategic move comes as part of ADNOC’s ongoing efforts to enhance its logistics capabilities and meet the growing global...
The United Arab Emirates is set to streamline the arbitration process for foreign investors, enhancing the attractiveness of the business environment in the region. This initiative is anticipated to facilitate quicker conflict resolution, thus providing a more efficient legal framework that supports foreign investment. Under the new framework, the government plans to introduce a regime...
China has solidified its dominance in the global banking sector, according to the latest rankings from The Banker, a respected Financial Times publication. The 2026 edition of the Top 1000 World Banks report reveals that seven Chinese banks rank among the top ten globally based on Tier 1 capital, with four of them being the...
Nigeria and the United Arab Emirates are strengthening their economic partnership through the newly established Comprehensive Economic Partnership Agreement, commonly known as CEPA. This initiative aims to advance trade, investment, and collaboration across various sectors between the two nations. The agreement signifies a pivotal step towards enhancing bilateral relations, emphasizing mutual benefits in commerce and...
The Ministry of Interior in the United Arab Emirates has issued a significant alert concerning the rise of investment fraud, urging citizens and residents to remain vigilant against deceptive schemes. With the promise of quick and guaranteed profits, scammers are luring unsuspecting individuals into fake investment opportunities, which often lead to painful financial losses. Authorities...
A recent survey conducted in Riyadh has revealed a significant shift in the attitudes of international investors towards the Gulf region. The study, carried out by Consulum in collaboration with HarrisX, surveyed 2,043 active investors from several countries, including the United States, the United Kingdom, Germany, France, and China. Contrary to a cautious approach, the...
ADNOC Logistics and Services has made a significant move to enhance its liquefied natural gas (LNG) capabilities by placing an order for four advanced LNG carriers, with a total investment of around $900 million. This strategic decision aligns with Abu Dhabi’s broader ambition to bolster its presence in the global gas market, focusing on increasing...
ADNOC Logistics and Services has made a significant move to enhance its liquefied natural gas (LNG) capabilities by placing an order for four advanced LNG carriers, with a total investment of around $900 million. This strategic decision aligns with Abu Dhabi’s broader ambition to bolster its presence in the global gas market, focusing on increasing...