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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.

Emirates’ first A350 takes flight

The airline operated the inaugural flight from Dubai to Edinburgh.

NDMC arranges $2.5bn credit facility

The Shariah-compliant facility spans a tenure of three years.
  • UAE bolsters air cargo industry with launch of ‘CARDS’ data platform

    Abu Dhabi, UAE--The General Civil Aviation Authority (GCAA) has launched the Cargo Data Reporting System (CARDS), which provides a range...

    Al Marri said that the UAE enjoys globally competitive status as one of the most advanced countries in terms of air cargo efficiency

    It is the first platform of its kind to provide an analytical view of air cargo movements to, from and through the United Arab Emirates

  • Middle East to receive millions of Chinese tourists lost in Covid pandemic

    Dubai, UAE-- Outbound travel from China is estimated to almost double this year, compared with 2023 and will only be...

    The Middle East will be the first region globally to recover its Chinese inbound market with full recovery expected in 2025

    According to data from the Chinese travel site Trip.com, bookings for overseas travel during Chinese New Year, soared by 540%

  • SeaWorld Yas Island, Abu Dhabi wins Guinness World Records

    ABU DHABI, UAE – SeaWorld Yas Island - the region’s first Marine Life Theme Park here -, has won a...

    SeaWorld Yas Island has won the Guinness World Records for being the “Largest Indoor Marine-Life Theme Park” in the world.

    The certificate was presented to Mohamed Abdalla Al Zaabi, Group CEO of Miral, and the SeaWorld Abu Dhabi leadership.

  • Spain grabs 3% Telefonica stake after concerns over Saudi deal

    Madrid, Spain - Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking...

    Spanish state-owned holding company SEPI said in a filing with the stock market regulator late Monday that the move was "in line with a cabinet decision in December".

    At the time, the government of Socialist Prime Minister Pedro Sanchez said it was to safeguard the firm's "strategic capacities and essential importance" to Spain

  • Saudi RCU begins rock excavation for Sharaan Resort in AlUla

    ALULA, SAUDI ARABIA – The Royal Commission for AlUla (RCU) has marked a significant milestone in the development of the...

    The initial excavation symbolizes the start of a mission that combines Jean Nouvel’s architectural innovation with Bouygues' engineering expertise.

    This milestone is an important step forward in AlUla's evolution into a premier destination for sustainable luxury tourism.

  • Hotel Dar Tantora is inspired by Saudi’s AlUla ancient mudbrick buildings

    ALULA, SAUDI ARABIA – Situated in the heart of Old Town here, Dar Tantora Hotel offers guests a chance to...

    AlUla’s Old Town, with its origins going back over 700 years, prospered along the renowned incense trade route.

    With over 900 traditional mudbrick homes, the Old Town stands as a testament to the Kingdom’s enduring cultural heritage.

  • Olympics tech firm Atos posts huge loss

    The company posted a net loss of US$3.7 billion for 2023.

    The company reported a net loss of 3.4 billion euros ($3.7 billion) for 2023 due to asset writedowns and said it was aiming for a debt restructuring by July

    Atos, the International Olympic Committee's technology partner since the Salt Lake City winter games in 2002, is in charge of managing more than 300,000 accreditations

  • Alibaba Cloud opens training center in Dubai

    It will be a hub for customers to lift up "digital competence."

    The training centre will empower Alibaba Cloud’s ecosystem partners and customers through delivering training, workshops, and certifications

    The program corresponds with the Dubai Economic Agenda D33's goal to double Dubai's economy through digital transformation contributions

  • OPEC chief calls for more investments in oil industry to meet energy demand

    Abu Dhabi, UAE--The Organisation of the Petroleum Exporting Countries (OPEC) has called for increased investments in the oil industry to...

    Al Ghais said the investments are crucial for ensuring reliable energy supplies for current and future generations

    At the same time, the secretary general noted the organisation's active involvement in climate change negotiations

  • Türkiye’s traditional realty charm: Alive or fading?

    Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for regional...

    Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for the region amid economic fluctuations.

    Despite challenges, the ongoing infras and urban renewal projects in Türkiye, a country straddling Europe and Asia, signal a promising horizon for property investments.