Global LNG demand to rise more than 50 percent by 2040: Shell
"Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to...Business
SAFEEN acquires two Supramax vessels
The firm says there is high demand for maritime services.Since being acquired, these ships have been deployed as part of a collaboration between SAFEEN Feeders and Saif Powertec Limited.
SAFEEN Feeders provides feeder and dry bulk services linking Abu Dhabi to ports serving the UAE, the broader Gulf region, and the Indian Sub-Continent.
Stan Chart unveils API in KSA
The British company aims to ensure data security.Thanks to the new interface, clients and partners will be able to share and integrate data securely
The kingdom, in line with Saudi Vision 2030, aims to become a regional digital hub
UAE lends helping hand to Africa through credit lines
A line of credit of US$20 million will be opened between ADEX and ECOWAS to boost cooperation and raise the...A line of credit of US$20 million will be opened between the two entities enhancing cooperation and increasing the volume of trade
The agreement was signed virtually by Khalil Al Mansoori, Acting Director-General of ADEX, and Dr. George Agyekum Donkor of EBID
‘Resilience more vital than efficiency for GCC startups’
The ongoing Covid-19 pandemic teaches several lessons to regional businesses, says UAE Minister Ahmad Belhoul Al Falasi.The ongoing pandemic teaches several lessons to regional businesses, says UAE Minister Ahmad Belhoul Al Falasi
The entrepreneurship ecosystem in UAE has not yet reached full maturity but 'we are about 60-70% there', he adds
Time to deliver decarbonization targets set last year
In the Middle East, the UAE and Saudi Arabia have been leading the decarbonization conversation with pivotal government initiatives that...The number of companies establishing science-based targets for decarbonization had strongly increased since 2015, but it rose dramatically in the run-up to COP26
Executives are trying to pursue their decarbonization targets during a period of turbulence that has created historic levels of uncertainty and numerous difficulties
US sanctions Russia’s defence sector, bans its gold import
United States is seeking to crack down on Russians seeking to skirt existing sanctions by "covertly" acquiring US, Japanese and...The sanctions target state company Rostec and other firms critical to the defense industry.
The new moves blacklist 70 entities and 29 individuals, which freezes all the USA held assets.
Saudi Arabia and Italy to explore investment opportunities
Saudi Arabia’s Ministry of Investment will host a high-level Italian business delegation on Monday to explore mutually beneficial investment opportunities....An Italian delegation led by Italian Minister for Foreign Affairs Luigi Di Maio will visit the kingdom.
Private sector representatives from multiple organizations from both countries will participate in the forum.
‘World’s most efficient AC’
Strata, Hyperganic and EOS will partner to build the energy-efficient AC.Strata Manufacturing is a UAE-based Digital Factory pioneer, Hyperganic an AI-based engineering platform company EOS a German industrial 3D printing company.
Media reports said the partnership is a result of the Ministry of Industry and Advanced Technology’s efforts to facilitate industrial collaboration.
SARCO, Christof Global sign MoUs
Renewable energy projects costing $301 million will be built.The first project is to study an investment partnership to build a refinery producing the ‘biodiesel’ biofuel carbon.
The second project, aims to study the investment in the technology of slop oil to convert waste oil wells, oil from shipping ships.
Alpha Dhabi ups stake in Aldar
After the deal, Alpha Dhabi becomes Aldar's parent company.Aldar will be treated as a subsidiary in Alpha Dhabi's consolidated financial statements.
The additional shareholding came through the acquisition by Alpha Dhabi of an entity already holding shares in Aldar.
