The Abu Dhabi National Energy Company (TAQA) is actively seeking acquisition opportunities in the United States and other regions to enhance its international presence and achieve its growth targets. This information was reported by Reuters. TAQA, which is primarily owned by ADPower, a subsidiary of the Abu Dhabi sovereign wealth fund ADQ, has been diversifying...
United Arab Emirates-based companies have approached Italy’s government with intentions to potentially bid for the Russia unit of the Italian lender UniCredit SpA. According to a document reviewed by Bloomberg, Mada Capital and Asas Capital plan to form a special purpose vehicle to facilitate the purchase of the asset. The project will receive support from...
Qatar has announced a significant $1.2 trillion economic pledge during a recent visit from former U.S. President Donald Trump, marking a strategic move in the realm of international finance. This announcement was made in Doha, where the two parties finalized several key agreements, including a remarkable $96 billion plan by Qatar Airways to acquire up...
President Sheikh Mohamed has announced a significant commitment of $1.4 trillion in investments aimed at enhancing economic ties between the United Arab Emirates (UAE) and the United States. This announcement came during a visit from US President Donald Trump, who is currently concluding his Gulf tour in the UAE. The pledge reflects both nations’ intentions...
The strategic energy partnership between the United Arab Emirates (UAE) and the United States (U.S.) is set to bolster both nations’ commitment to a sustainable future. This collaboration focuses on substantial joint investments in clean and renewable energy technologies, enhancing global energy security and supporting emerging economies. A key component of this partnership is the...
Saudi Arabia has signed agreements with the United States worth more than $300 billion, as confirmed by Crown Prince Mohammed bin Salman during the Saudi-US Investment Forum held in Riyadh. This significant move underscores the Kingdom’s ongoing efforts to enhance its economic partnerships and investments. Credit: Fortune At the forum, Uber CEO Dara Khosrowshahi highlighted...
Abu Dhabi-based artificial intelligence company G42 and the American technology firm Cisco have entered into an initial agreement to explore opportunities in AI infrastructure development. This partnership signifies a step towards enhancing AI capabilities in the region. In addition to focusing on AI infrastructure, the two companies have agreed to collaborate on developing cybersecurity solutions....
Egypt is set to introduce four new free trade zones in 2026 as part of its strategy to enhance exports and stimulate investments. This announcement was made by an official who highlighted the government’s commitment to expanding economic opportunities. Currently, Egypt boasts nearly 230 private free zones that benefit from significant customs and tax incentives....
The Abu Dhabi Investment Office (ADIO), which is state-backed, is expanding its operations in the United States to secure additional funding for the local health sector. This expansion aims to enhance Abu Dhabi’s capabilities in clinical validation and regulatory advancement, as reported by the state-run Wam news agency. The San Francisco office will focus on...
Qatar Airways is in the final stages of securing a deal to purchase approximately 100 widebody jets from Boeing, with an option to acquire additional aircraft. This information comes from a report by Bloomberg News, which cites sources familiar with the negotiations. The announcement regarding the deal is anticipated during U.S. President Donald Trump’s upcoming...