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Abu Dhabi National Oil Company (Adnoc) is currently evaluating a bid for the natural gas assets of Aethon Energy Management, a US-based investment firm focused on energy. According to sources familiar with the matter, these assets could be valued at approximately $9 billion. Adnoc is collaborating with advisors to assess this potential offer, as other...
The UAE Ministry of Finance has announced new tax regulations designed to stimulate economic growth by attracting more investments. These changes specifically target Qualifying Investment Funds (QIFs) and Qualifying Limited Partnerships, offering favorable tax conditions to encourage investor participation. Under the new framework, investors involved in QIFs will enjoy a preferential tax regime. Income generated...
Abu Dhabi is gearing up to host the fifth edition of Investopia, which will run from March 31 to April 2, 2026. The event has been extended to three days, reflecting the growing interest from participants worldwide. Investopia aims to create an influential global platform where leaders, ministers, officials, investors, entrepreneurs, and economic experts gather...
Yashaa Global Capital has officially received the Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to establish a global sports venture capital fund. This milestone positions Yashaa Global Capital as a significant player in the rapidly growing sports investment sector The fund is led by General...
The Abu Dhabi Fund for Development (ADFD) has officially reached a total funding amount of approximately AED229 billion, as announced during the World Governments Summit 2025, which was held in Dubai. The summit, themed “Shaping Future Governments,” gathered government leaders, ministers, senior officials, and global experts from various sectors to exchange knowledge and strategies for...
Dubai’s real estate market achieved extraordinary milestones in 2024, with a record-breaking 2.78 million transactions, including property and plot deals as well as rental agreements. This marked a 17% increase compared to 2023, highlighting the sector’s continued growth. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister...
Sharjah Economic Development Department (SEDD) Chairman, Hamad Ali Abdullah Al Mahmoud, recently reviewed the progress of the “Digital Warehouses” project, a key initiative under the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad). The project had showcased its potential at the Global Startup Festival COMEUP in Seoul, Korea. During a meeting at the SEDD headquarters, the...
Global private equity firm KKR has joined forces with Dubai-based Gulf Data Hub (GDH) to invest over $5 billion in expanding data centre capacity across the Gulf region. This collaboration comes as the demand for digital infrastructure rises, driven by the growing adoption of cloud services and artificial intelligence in the region. As The National...
Dubai’s office property market is witnessing remarkable activity, with waiting lists for premium spaces growing rapidly. According to Gulf News, Indialand Group, led by founder Harish Fabiani, has made significant moves with a series of major acquisitions in the city. Just days after purchasing the Thuraya Telecommunications Tower in Barsha for Dh160 million, Fabiani acquired...
Sohar International, a leading bank in Oman, has successfully raised 130 million Omani rials ($336.7 million) through its latest rights issue. This marks the largest rights issue on the Muscat Stock Exchange (MSX) in 2024. Launched in November, the offering attracted strong interest from government entities, private institutions, family offices, and individual investors. The bank...