Adnoc’s global energy investment arm, XRG, is partnering with Malaysia’s Petronas to enhance its presence in Central Asia by acquiring a stake in Turkmenistan’s offshore gas and condensate field. This strategic collaboration is expected to significantly boost XRG’s operations in the region. Under the terms of the agreement, Petronas will hold a 57 percent stake...
The Sharjah Real Estate Registration Department (Sharjah RERD) has signed a memorandum of cooperation with Emirates Islamic Bank (EIB) aimed at establishing a direct electronic link between the two entities. This initiative is part of the department’s broader strategy to digitize its services and improve the efficiency of real estate registration and financing procedures, aligning...
Dubai Electricity and Water Authority (DEWA) PJSC has been officially added to the MSCI Emerging Markets Index, according to an announcement from MSCI Inc., a key provider of decision support tools for the global investment community. This addition is expected to enhance the visibility of DEWA among international investors, marking a significant milestone for the...
Dubai International Financial Centre (DIFC) has initiated the ‘1 Million Learners’ program as part of the DIFC Sustainable Finance Catalyst. This ambitious initiative aims to provide knowledge in sustainability and sustainable finance to one million individuals by the year 2030. The announcement was made at the Dubai FinTech Summit, which was hosted by DIFC at...
Meydan Free Zone has officially launched Fawri, an innovative new service that allows entrepreneurs to obtain a complete business license in just 60 minutes. This groundbreaking platform is aimed at redefining the speed and ease of company formation in Dubai, enabling founders to start their businesses with exceptional efficiency. Fawri is a fully digital, all-in-one...
Dubai, UAE: The 7th edition of Crypto Expo Dubai is scheduled for May 21–22, 2025, at Zabeel Hall 6 in the Dubai World Trade Centre. This event is a significant gathering for the international blockchain and cryptocurrency ecosystem, promising two days filled with innovation, networking opportunities, and insights into the future of decentralized finance in...
The Ministry of Finance of the United Arab Emirates (UAE) has established a partnership with LuLu Retail to integrate the business-to-business (B2B) e-commerce service, LuLuOn, into the UAE federal government’s digital procurement framework. This collaboration aims to enhance the effectiveness and transparency of government procurement operations. Through this partnership, federal agencies will gain direct access...
Abu Dhabi’s state-owned energy giant Adnoc has received key unconditional antitrust approval from the European Commission for its proposed €14.7 billion ($16.3 billion) acquisition of the German chemicals group Covestro. This decision, granted late Tuesday, eliminates a significant regulatory hurdle, clearing the path for the largest international deal in Adnoc’s history. The European Union concluded...
The Roads and Transport Authority (RTA) of Dubai has officially opened registration for the Dubai World Congress for Self-Driving Transport, set to take place in 2025. This significant event is held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, who serves as the Crown Prince of Dubai and the...
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Santiago Pena of Paraguay in celebration of his country’s Independence Day. This gesture reflects the strong diplomatic ties between the United Arab Emirates and Paraguay. In addition to Sheikh Mohamed, His Highness Sheikh Mohammed bin Rashid Al Maktoum,...