Abu Dhabi’s TAQA (TAQA.AD) is actively seeking to acquire companies in the United States and other locations, according to its chief executive, Jasim Husain Thabet. The state-owned utility is focused on international expansion and is striving to meet its ambitious growth targets. “The U.S. is a key market for us,” Thabet stated during an interview...
ANAX Capital Financial Markets LLC, a Dubai-based financial services firm, has officially launched its operations with a significant event held at Palazzo Versace. The gathering attracted VIP guests, international celebrities, industry professionals, and media representatives to commemorate the company’s entry into the vibrant financial sector of the UAE. Credit: Entrepreneur Middle East During the event,...
The UAE’s Accountability Office has been elected to the Executive Council of the International Association of Anti-Corruption Authorities (IAACA). This decision was made during the first meeting of the council, which took place recently. Credit: WAM The election highlights the UAE’s commitment to fighting corruption and promoting transparency in governance. The IAACA is a key...
The Sharjah FDI Office, known as Invest in Sharjah, has introduced ‘Sharjah AcquireHub’, marking the region’s first government-backed digital platform designed to streamline mergers and acquisitions (M&A) in Sharjah. This initiative, developed in partnership with Transworld Business Advisors, aims to boost economic growth, enhance market resilience, and attract high-quality investments to Sharjah by providing a...
The UAE has introduced a digital initiative to streamline the verification of academic qualifications for employees in the private sector. This initiative aims to enhance the efficiency of work permit procedures and ensure accurate hiring practices. The Ministry of Human Resources and Emiratisation, in collaboration with the Ministry of Higher Education and Scientific Research, has...
The Abu Dhabi Civil Defence Authority (ADCDA) has introduced the ‘Suhail’ project, marking the unveiling of the world’s first jet-powered drone specifically designed for firefighting. This significant development was showcased at the UAE pavilion during Expo 2025 Osaka-Kansai, an event taking place in Japan from April 13 to October 13, 2025. This groundbreaking innovation demonstrates...
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, recently met with Oman’s Deputy Prime Minister for Defence Affairs, Sayyid Badr bin Saud bin Harib al Busaidi. The meeting took place at the Dubai Crown Prince’s office and aimed...
The United Arab Emirates recently hosted the 8th EU-UAE Structural Dialogue on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in Abu Dhabi. This strategic meeting highlighted the strong commitment and collaboration between the UAE and the European Union (EU) in tackling financial crimes and enhancing international cooperation. During the dialogue, both sides conducted...
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Mikheil Kavelashvili of Georgia to commemorate the country’s Independence Day. This gesture underscores the strong diplomatic ties between the UAE and Georgia. In his message, Sheikh Mohamed expressed his wishes for continued prosperity and progress for the Georgian people....
Kuwait’s Warba Bank and Gulf Bank have begun discussions to explore a potential merger aimed at boosting long-term growth and competitiveness in the local Islamic banking sector. The announcement came in separate disclosures to Boursa Kuwait on May 26, leading to a temporary suspension of trading in both banks’ shares for one hour, in accordance...