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AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.
  • ADNOC Invests $187m to raise Al Nouf oilfield’s capacity

    The investment is a step towards achieving the 5 million barrels per day oil production capacity target by 2030, the...

    The company will add 20 wells to the Al Nouf field and expand the use of water and gas injection to enhance oil recovery.

    It has awarded the 39-month engineering, procurement and construction contract of the Nouf development to Robt Stone.

  • Bahrain eServices revenue up 257% to $532m in H1

    The number of financial transactions in H1 2021 exceeded 1.6 million, double the number in the same period last year.

    More than 1.1 million financial transactions were carried out on the national portal alone

    This an increase of 76 percent compared to the same period of last year

  • UAE halts all flights to Kabul after Taliban takeover

    The United Arab Emirates has cancelled all flights to Afghanistan, after Hamid Karzai International Airport in Kabul was overrun by...

    Dubai carriers Emirates and flydubai earlier halted flights to Kabul until further noti

    Military flights evacuating diplomats and civilians were taking off from Kabul on early Tuesday morning

  • GCC airlines may continue to fly into losses

    In 2020, airlines lost around $370 billion globally, while airports and air navigation services providers lost $115 billion and $13...

    The regional carriers will benefit from rapid vaccination rates on home markets

    Net losses of the airlines in all regions are expected to come down in 2021

  • Abu Dhabi issues new Covid-19 norms for tourism and leisure venues

    Restaurants can operate at 80 percent of their capacity and allow a maximum of 10 people at a table who...

    Those fully vaccinated within the last six months-- vulnerable groups within the last three months-- only will be allowed to attend events.

    A negative PCR test taken within the previous 48 hours will be required with an ‘E’ showing on the Al Hosn app.

  • Dubai Investments to deliver $953m mixed-use projects by H2

    The handover portfolio includes the final phase of the Mirdif Hills Project in Dubai and the Al Taif Business Center...

    The two projects together will provide more than 240,000 sq ft of commercial space with 100 retail units

    There will also be over 280,000 sq ft of office spaces, more than 350 hotel rooms, and more than 1,200 residential and serviced apartments

  • Dubai to develop as polyurethane innovation hub: Pearl

    Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the...

    Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the Dubai-headquartered company

    Operating for over 25 years, the company has supplied polyurethane insulation foam systems for several trailblazing projects in the Gulf region

  • UAE, Iraq moot bilateral business council

    Iraq and the UAE already conduct trade that was worth around $15 billion in 2019.

    Abu Dhabi Chamber Chairman Abdullah Mohammed Al Mazrouei and Iraqi Ambassador discussed the setting up of this council

    Abu Dhabi Chamber Director-General Mohamed Helal Al Mheiri also attended the meeting

  • Qatar Tourism and Clia announce partnership

    The partnership should help Qatar broaden its appeal for visitors ahead of and beyond the 2022 Fifa World Cup.

    Qatar welcomed 207,000 cruise visitors to Doha in 2019-20

    It reopened its borders on July 12 to fully-vaccinated international travelers, and is expecting tourism to pick up

  • Azizi Developments records 263% hike in broker registrations

    The developer has strengthened and expanded its broker relationships following the introduction of its revamped channel partner strategy

    The developer has strengthened and expanded its broker relationships following the introduction of its revamped channel partner strategy

    Higher commissions, weekly commission pay-outs, and rigorous broker training and assistance have contributed to the surge in registrations