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Category: Business
Abu Dhabi is enhancing its defense and aerospace capabilities with significant upgrades at XRANGE, an international facility focused on training, testing, and evaluation (TT&E) in multiple domains. Operated by REMAYA, XRANGE aims to strengthen its services for clients in the defense, aerospace, and commercial sectors. One of the key developments includes the construction of a...
The Abu Dhabi Department of Economic Development (ADDED) has announced new measures designed to facilitate business expansion in the emirate. These changes allow companies registered in other UAE emirates and their free zones to establish branches in Abu Dhabi without needing to secure physical premises for the first year. This initiative applies to 1,200 economic...
Indian Oil Corporation (IOC), India’s largest oil company, has signed a significant long-term agreement with ADNOC Gas to import Liquefied Natural Gas (LNG). The deal, valued between USD 7 billion and USD 9 billion, spans 14 years and involves the supply of 1.2 million tonnes of LNG annually starting in 2026. The agreement was formalized...
In a significant move to strengthen Dubai’s position as a global hub for bullion and gold refining, industry leaders have officially launched the Dubai Business Group for Bullion and Gold Refinery. This new organization aims to provide a unified platform for stakeholders in the bullion and precious metals sector, promoting industry collaboration, innovation, and sustainable...
Jebel Ali Free Zone (JAFZA) has entered into an agreement with the German technology group Allied Heat Exchange AG (A-HEAT) to establish the largest heat exchanger production facility in the Gulf Cooperation Council (GCC). This significant development aims to address the increasing demand for energy-efficient cooling solutions, particularly for data centers that require advanced thermal...
UAE technology services firm Alpha Data announced its intention to list on the Abu Dhabi Securities Exchange (ADX), offering 400 million shares, which represents 40% of its capital. This listing will consist entirely of existing shares owned by investors Bin Hamoodah and Ibbini Investment, as stated by the company. In its financial report for the...
UAE’s tech and telecommunications group e& is making strides in Europe with its latest acquisition of a Serbian cable TV and internet services provider, valued at 825 million euros. This move is part of e&’s strategy to expand its presence in the region. The acquisition will be managed by e& PPF Telecom Group BV, a...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, held a meeting with Andrzej Duda, President of Poland, during the first day of the World Governments Summit (WGS) 2025. This significant event commenced on February 11 and will run until February 13 under the...
Almila, a well-known Turkish furniture brand that specializes in furniture for babies, children, and teenagers, has officially opened its first store in the UAE. The new store is located at Reem Mall in Abu Dhabi, showcasing Almila’s signature combination of quality, innovation, and craftsmanship aimed at enhancing family life in the region. With a strong...
Emirates Integrated Telecommunications Company, known as du, has released remarkable financial results for the year 2024. The telecom operator reported a net profit surge of 49.1 percent, reaching AED 2.49 billion. Additionally, company revenues saw a 7.3 percent increase, totaling AED 14.64 billion, as reported by state media. The board of directors at du has...