Dubai, UAE -- Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa and South...
The Harburg Group -- led by American Ben Harburg -- said it had "officially completed the 100 percent acquisition of...
It received more than US$41 billion in investor orders.The IPO will result in total gross proceeds of approximately US$ 315 million being paid to the Department of Finance, representing the Dubai government
DTC said the previously announced offering size consists of a total of 624,750,000 shares, equivalent to 24.99% of DTC’s total issued share capital
- It will pour US$3.4bn into the new venture this decade.
The company said it plans to launch 30 new electric models by 2030 and to reduce the current cost of electric motorcycles by 50 percent
In 2022, the electric motorcycle market was worth $30 billion and is expected to grow by almost 19 percent per year between 2023 and 2030
Islamic banking, making up 70% of the Islamic finance market's assets, is undergoing a transformative phase, fueled by fintech innovations...Islamic banking, making up 70% of the Islamic finance market's assets, is undergoing a transformative phase, fueled by fintech innovations and poised to hit $4 trillion by 2026
The UAE and Saudi Arabia are at the forefront of the Islamic fintech revolution, setting new digital standards and driving the sector's global expansion, says a latest report
The discussions between the UAE president and the Cuban president at Expo City Dubai focused on cooperation in various fields...The meeting also covered the UN Climate Change Conference (COP28), starting today at Expo City Dubai
The two leaders exchanged views on regional and international developments and a number of other issues
Dubai, UAE--ENOC Group has signed a memorandum of understanding (MoU) with Neste, the world's leading producer of sustainable aviation fuel...The partnership is the first step in ENOC’s plan to supply blended SAF to all its customers across its entire network by 2030
The fuel taken from renewable raw materials has the potential to reduce air travel related carbon emissions by up to 80%
- Fujairah, UAE - High in remote mountains in the oil-rich Emirates, a new plant will soon take atmospheric CO2 and pump...
The first CO2 injection is expected during COP28, and where the debate over hydrocarbons will be a key battle between campaigners and the oil lobby.
Oil producers are throwing their weight behind carbon capture and storage (CCS) technology as a global warming solution despite criticism from climate experts.
- DUBAI, UAE - Presenting its category B candidacy in the International Maritime Organization (IMO) Council at the organization’s focus group...
The UAE’s strategic location at the crossroads of global shipping routes has enabled it to become a central maritime hub in the world.
The country has strived to achieve continuous development in the maritime industry, which is a key pillar of its national economy.
The firms will explore starting eVTOL services in Saudi Arabia.The agreement will contribute to Saudi Arabia’s aviation industry by building the ecosystem for electric flights.
flynas operates over 1,500 weekly flights to over 70 domestic and international destinations.
Ottawa, Canada -- The Canadian government and Google have reached a deal to support the country's media, heading off an...The amount is less than the government-estimated compensation, but heads off a potential online blackout for news in Canada, where Google and Meta are the dominating platforms.
The agreement will reportedly allow Google to negotiate with a single group representing all Canadian media, rather than one-on-one deals.
Abu Dhabi, UAE -- First Abu Dhabi Bank (FAB) became the first MENA bank to publish a Task Force for...The TCFD standard, promoted by the Financial Stability Board since 2015, urges entities to specify the resilience of their strategies to climate-related risks.
The report delivers on FAB’s 2019 commitment to agree to adopt TCFD recommendations into its reporting and disclosure processes.
