Abu Dhabi National Oil Company (Adnoc) has expressed interest in BP’s liquefied natural gas (LNG) assets and fuel retail business, signaling the possibility of a potential takeover. This interest comes amid significant shifts in the energy sector, as major companies reassess their strategies and align with the growing demand for cleaner energy solutions. Credit: Finimaze...
UAE-based fintech firm Hubpay has introduced Hubpay Payroll, a new payroll solution aimed at simplifying payments for businesses with international teams. This launch marks Hubpay’s entry into the growing $1.2 billion payroll market in the UAE, providing companies with a seamless and cost-effective method to manage their global payroll needs. As businesses in the UAE...
Saudi Aramco, the world’s largest energy company, is contemplating a potential bid for lubricant assets being sold by BP Plc. This move aligns with the Middle Eastern company’s strategy to enhance its presence in oil-consuming countries, according to sources familiar with the matter. Aramco is evaluating whether to bid for part or all of the...
Hubpay, a fast-growing financial institution licensed by the Abu Dhabi Global Market (ADGM), has unveiled its digital business accounts aimed at enhancing the corporate onboarding process for small and medium-sized enterprises (SMEs) in the UAE. This initiative aligns with the UAE’s goal to increase the number of SMEs from over 557 000 to more than...