ADNOC Gas has announced the awarding of three major contracts worth $2.1 billion (approximately AED 8 billion) to strengthen its liquefied natural gas (LNG) supply infrastructure. These contracts will establish key facilities to support the Ruwais LNG Project, which aims to double ADNOC Gas’ LNG production capacity. The contracts include a $1.24 billion deal for...
Abu Dhabi’s Al Qou’a Dairy Products Plant, run by the Zayed Higher Organisation for People of Determination (ZHO), has achieved a significant milestone by producing 276,420 kilograms of labneh since its launch in September 2023. This facility is the first of its kind in the region to be fully operated by People of Determination. The...
The UAE and Portugal have taken steps to strengthen their partnership in safeguarding public resources. Humaid Obaid Abushibs, Chairman of the UAE Accountability Authority (UAEAA), recently wrapped up an official visit to Lisbon, where he held discussions with Portuguese officials on enhancing oversight and promoting integrity. During the visit, Abushibs met key figures, including Filipa...
The global liquefied natural gas (LNG) shipping market is heading for tighter capacity by the end of 2027, with older vessels set to retire and demand for fuel supplies growing. This reduction in capacity is expected to push up freight rates, according to Nicholas Gleeson, Chief Financial Officer of Adnoc Logistics and Services (Adnoc L&S),...
Ajman has made a significant move to ease traffic in one of its busiest areas. The Municipality and Planning Department announced the completion of an expansion project on Sheikh Mohammed bin Rashid Street. The stretch between Sheikh Ammar Street and Al Hamidiya Street in the Al Jurf area now features three lanes in each direction,...
Dubai International Airport has claimed the top spot as the world’s largest airport by seat capacity in the first quarter of 2025, surpassing Hartsfield-Jackson Atlanta Airport. A report by Cirium revealed that Dubai Airport recorded 15.1 million seats, edging past Atlanta’s 14.8 million by 2%. The airport’s growth highlights its role as a key global...
Aldar Properties has successfully raised $1 billion through its first-ever hybrid capital issuance, marking the largest conventional hybrid issuance in the Middle East. The offering attracted significant interest from both regional and international investors, with total orders exceeding $4.9 billion—an oversubscription of 3.8 times. This groundbreaking move strengthens Aldar’s capital structure by introducing a hybrid...
Sharjah Police has launched a groundbreaking remote vehicle testing service, making it the first of its kind in the UAE. Starting January 8, 2025, motorists in Sharjah can now test their vehicles without visiting a testing center, thanks to this smart service available on the Rafid app. According to Gulf Today, Colonel Khalid Mohammed Al...
Dubai Civil Aviation Authority (DCAA) has partnered with the Ports, Customs, and Free Zone Corporation (PCFC) to enhance the performance of the emirate’s aviation sector. The two entities signed a Memorandum of Understanding (MOU) aimed at improving safety, sustainability, and infrastructure in line with the UAE’s vision for a thriving aviation industry. The agreement was...
The UAE is making final preparations for the launch of MBZ-SAT, its advanced Earth-observation satellite, scheduled for later this month. Named after President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the satellite highlights the nation’s growing achievements in space exploration. MBZ-SAT, fully developed by Emirati engineers at the Mohammed Bin Rashid Space Centre (MBRSC),...