The Sharjah FDI Office, known as Invest in Sharjah, is hosting a high-level business seminar in Tokyo, titled “Discover Sharjah.” This event aims to showcase investment opportunities in Sharjah and is part of a four-day visit to Japan from June 18 to 21. The seminar is organized in collaboration with the Japan External Trade Organisation...
A Kuwaiti oil company listed on the local bourse, Energyhouse, has received an offer to sell its controlling share in its UAE subsidiary. The company is currently evaluating the proposal for its 92.5 percent stake in this subsidiary. Energyhouse confirmed in a bourse disclosure statement that it has received a preliminary, non-binding offer. The statement...
A significant trend has emerged as hedge fund firms increasingly relocate their operations to Dubai and Abu Dhabi. This movement is largely driven by the desire to retain top talent in the face of escalating regional conflicts. For instance, Danny Yong, a veteran hedge fund manager at Dymon Asia Capital, recently lost a potential hire...
Dubai International Chamber, one of the three chambers under Dubai Chambers, has officially launched a new representative office in Toronto, Canada. This strategic move aims to strengthen economic ties and explore opportunities to increase bilateral trade and investments between Dubai and Canada. The inauguration took place during a ribbon-cutting ceremony in Toronto, attended by Maninder...
His Highness Sheikh Abdullah bin Zayed Al Nahyan, who serves as the Deputy Prime Minister and Minister of Foreign Affairs of the UAE, recently met with Stephen Schwarzman, the Chairman, CEO, and Co-Founder of Blackstone, a prominent global investment group. The discussions between Sheikh Abdullah and Schwarzman centered on the strategic relations between the UAE...
The board of Santos, listed as STO on the ASX, has expressed its support for a $30 billion takeover bid from the Abu Dhabi National Oil Company (ADNOC), a prominent global oil and gas entity. This non-binding proposal is spearheaded by the XRG Consortium, which is the international investment arm of ADNOC, and includes the...
Abu Dhabi National Energy Company PJSC, commonly known as Taqa, has begun discussions to acquire a stake in Spain’s Naturgy Energy Group SA. Taqa’s chairman, Mohamed Hassan Alsuwaidi, who also serves as the UAE Minister of Investment, visited Spain to meet with executives from CriteriaCaixa SA, Naturgy’s largest shareholder, to explore potential investment opportunities. This...
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, recently met with executives from prominent UAE-based space startups. This meeting aimed to enhance the country’s private-sector-driven space economy. Sheikh Hamdan, who is also the Chairman of the UAE’s Supreme Space Council,...
Jindal SAW, an Indian manufacturer of steel pipes for the energy, transportation, and water sectors, has announced a significant investment of $118 million to enhance its operations in the Middle East and North Africa (Mena) region. This plan includes establishing a new facility in Abu Dhabi, which will require an investment of $105 million and...
Adnoc Gas is launching its largest project to date with a significant $5 billion investment aimed at enhancing the United Arab Emirates’ gas resources. This strategic move is part of Adnoc Gas’s efforts to develop gas self-sufficiency and expand the country’s export capabilities. The project will initially focus on expanding processing units to increase gas...