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Category: Business
ADNOC Logistics and Services (ADNOC L&S) has officially completed its $1.04 billion (AED3.8 billion) acquisition of an 80% stake in Navig8 TopCo Holdings Inc. (Navig8), a global shipping and marine services company. The deal, which took effect from 1st January 2024, includes a plan to acquire the remaining 20% stake by mid-2027 for an additional...
DP World, the global logistics leader, announced it has exceeded 100 million TEUs (twenty-foot equivalent units) in container handling capacity across its global operations. This achievement highlights over a decade of strategic investments worth $11 billion in infrastructure upgrades and expansions. In the last 10 years, DP World’s capacity has grown by 33%, starting from...
Abu Dhabi Sustainability Week (ADSW) 2025 will take place from January 12 to 18 under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan. This global event aims to unite leaders from different sectors to accelerate sustainable development and drive economic growth. With the theme “The Nexus of Next. Supercharging Sustainable Progress,”...
Dubai is gearing up to host the 17th edition of Arab Plast, the largest trade exhibition for the plastics, petrochemicals, recycling, packaging, and rubber industries in the Middle East and North Africa. Starting tomorrow, January 7, at the Dubai International Convention and Exhibition Centre, the event will run until January 9, welcoming over 750 exhibitors...
Abu Dhabi has introduced the Abu Dhabi Registration and Licensing Authority (ADRA) to enhance the emirate’s business environment. The new authority, launched on Monday, aims to regulate business activities, streamline licensing, and support compliance with applicable laws across Abu Dhabi and its non-financial free zones. ADRA was established following a resolution from the Abu Dhabi...
His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, hosted His Excellency Dr. Abdulla Khalil, the Foreign Minister of the Maldives, in Abu Dhabi today. The leaders discussed ways to deepen relations between the two countries, focusing on areas such as the economy, trade, investment, renewable energy,...
Mashreq Bank has completed the sale of a majority stake in its digital payments platform, Neopay, for $385 million. A consortium formed by Turkey-based DgPays and Bahrain’s Arcapita Group Holdings Limited led the acquisition. While the majority stake is now owned by the consortium, Mashreq still holds a significant minority share. The bank emphasized its...
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, met with Muhammad Shehbaz Sharif, Prime Minister of Pakistan, on Sunday in Rahim Yar Khan, Pakistan. The two leaders discussed ways to enhance cooperation between their countries, particularly in economic, trade, and development sectors. The meeting emphasized the strong historical ties between the...
AD Ports Group wrapped up 2024 with significant achievements, including global expansion, infrastructure upgrades, and strong financial performance. One of the year’s highlights was the inauguration of CMA Terminals Khalifa Port, which increased the port’s capacity by 23%, reinforcing its status as a key global commercial hub. Vehicle traffic at Khalifa Port’s Autoterminal also surged...
Small businesses across the UAE are increasingly adopting digital payment apps to cater to customers who don’t carry cash, moving away from traditional cash transactions. These apps have emerged as a practical alternative to costly point-of-sale (POS) machines, which require significant investment, recurring fees, and business qualifications that many small vendors cannot meet. Entrepreneurs like...