Search Site

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.

Emirates’ first A350 takes flight

The airline operated the inaugural flight from Dubai to Edinburgh.
  • EGA to acquire Leichtmetall

    EGA is to buy 100 percent of firm from Leichtmetall Holding.

    The transaction is expected to close during the first half of 2024, subject to obtaining regulatory approvals.

    Leichtmetall’s production mainly consists of hard alloy billets up to 1,150 millimetres in diameter

  • Russia not in danger of trading oil at a loss, says Lavrov

    MOSCOW, RUSSIA – Russia does not see the risk of trading oil at a loss due to the redistribution of...

    Lavrov expressed confidence that Moscow is not frightened of relying on countries that will buy Russian oil and gas.

    OPEC+ regulates the market and prices in an equitable manner, taking into account the interests of consumers, the minister said.

  • Bayanat, Yahsat shareholders to vote on merger and creation of SPACE42 on April 25

    ABU DHABI, UAE – Bayanat AI PLC and Al Yah Satellite Communications Company each issued a circular on Thursday calling...

    The respective shareholders of each entity will vote on the proposed merger of the two Abu Dhabi-headquartered and ADX-listed entities.

    The proposed would create one of the most valuable publicly listed space companies in the world with potential for significant global growth.

  • Meta, Microsoft slam Apple over app store policy

    The four companies filed a rare joint amicus brief in a California court in charge of applying a ruling that...

    The Apple Plan comports with neither the letter nor the spirit of the Court's mandate," Meta, Microsoft, X and Match said in their joint filing on Wednesday, in support of Epic

    The plan's "new restrictions are plainly designed to render alternatives to Apple's in-app purchases impractical for developers, and inaccessible to consumers," the companies said

  • Gold hits fresh record above $2,200 on rate cut hopes

    The gains have been helped by a weaker dollar and the gold's attraction as a safe haven as geopolitical tensions...

    Equity markets in New York and across Asia surged and the dollar retreated

    Gold traders also joined the party to push the precious metal to as high as $2,220 per ounce

  • Reddit to make trading debut on NYSE

    It comes amid a slowdown in the tech sector IPOs.

    The company is set to debut Thursday on the NYSE under the ticker RDDT after an IPO priced at $34 dollars a share

    It was created in 2005 and was quickly sold to Conde Nast, the publisher of Vogue and the New Yorker magazine

  • Saudi Arabia to donate US$40m for UN agency in Gaza

    The funds, according to the King Salman Humanitarian Aid and Relief Centre (KSrelief), would support UNRWA's "humanitarian relief efforts in...

    Israel accused some of UNRWA's employees of involvement in the October 7 Hamas attack

    The UN has said that Israel has not provided it with any evidence for the allegations

  • Microsoft hires DeepMind co-founder to lead AI unit

    Of all the tech giants, Microsoft has moved the fastest into adopting generative AI, integrating its powers into a whole...

    Suleyman is one of the biggest names in the artificial intelligence revolution that is taking the technology world by storm and his hiring is a major move by Microsoft

    Suleyman said that some key collaborators at Inflection, including co-founder Karén Simonyan, had "chosen to join" his team at Microsoft

  • Google hit by US$272m fine in France

    It breached an agreement on terms for paying media firms.

    French regulators said the fine was for "failing to respect commitments made in 2022" and accused it of not negotiating in "good faith" with news publishers

    France has been a test case for the rules and after initial resistance Google and Facebook agreed to pay some French media for articles shown in web searches

  • ADX partners with Eureeca

    The collaboration will bolster accessibility to ADX IPOs.

    The partnership between ADX and Eureeca capitalises on the exchange’s robust e-IPO investor portal, highlighting its commitment to simplifying the IPO process

    The tie up will take advantage of Eureeca’s international investor base, giving regional and international retail and HNWIs the opportunity to participate in ADX IPOs