Almunif Pipes Company is preparing to go public, announcing plans to submit IPO paperwork to Saudi Arabia’s Capital Market Authority (CMA) by the second quarter of 2025. The company’s CEO, Faisal Almunif, shared the update, according to Argaam, an Arabic financial news platform. However, specific details about the size of the IPO have not yet...
ADNOC Gas has announced the awarding of three major contracts worth $2.1 billion (approximately AED 8 billion) to strengthen its liquefied natural gas (LNG) supply infrastructure. These contracts will establish key facilities to support the Ruwais LNG Project, which aims to double ADNOC Gas’ LNG production capacity. The contracts include a $1.24 billion deal for...
Ajman has made a significant move to ease traffic in one of its busiest areas. The Municipality and Planning Department announced the completion of an expansion project on Sheikh Mohammed bin Rashid Street. The stretch between Sheikh Ammar Street and Al Hamidiya Street in the Al Jurf area now features three lanes in each direction,...
Dubai Civil Aviation Authority (DCAA) has partnered with the Ports, Customs, and Free Zone Corporation (PCFC) to enhance the performance of the emirate’s aviation sector. The two entities signed a Memorandum of Understanding (MOU) aimed at improving safety, sustainability, and infrastructure in line with the UAE’s vision for a thriving aviation industry. The agreement was...
Dubai’s Roads and Transport Authority (RTA) is building 16.5 km of internal roads in Al Awir 1 as part of its efforts to enhance infrastructure in residential areas. The project aims to improve accessibility, reduce traffic congestion, and boost road safety while supporting Dubai’s urban growth. As part of the plan, a new entrance from...
The UAE has made remarkable progress in clean energy, housing, and infrastructure sectors, according to the Ministry of Energy and Infrastructure (MoEI). The country’s commitment to sustainable development and innovation is driving these advancements, as highlighted by Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, in an update shared by Gulf Today. In the...
The Dubai Free Zones Council (DFZC) has highlighted the achievements of Dubai’s free zones in 2024, attributing their strong performance to efforts in economic diversification. These developments align with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai As ARN News mentioned in their piece,...