Madrid, Spain - Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking...
Abu Dhabi, UAE--The Organisation of the Petroleum Exporting Countries (OPEC) has called for increased investments in the oil industry to...
Dubai Multi Commodities Centre, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, welcomed...This represents DMCC’s best first quarter since its inception over twenty years ago, a 13 percent year-on-year increase.
In the first quarter of 2022 alone, 16 percent of all company registrations were for crypto-related activities.
A business delegation of Czech Republic visited Bahrain to explore investment opportunities and expansion of economic projects between the two...The delegation expressed keenness on cooperating with the Bahraini private sector for investment in various sectors.
A minister said Bahrain welcomes all international investments and projects with added value to investment and investors.
Oman has become the 100th country to ratify a 2006 treaty that protects the rights, pay and conditions of seafarers. The...Maritime Labor Convention has become a worldwide reference for the maritime industry and a pillar of international maritime rules and regulations since its signing in 2006.
Guy Ryder, the ILO Director-General, said Oman, a longstanding maritime nation, has set an example for other countries in the region.
As Europe aims to wean itself off Russian fossil fuel because of the Ukraine invasion, Israel hopes to help fill...EU states remain divided on the time scale, but European Commission President Ursula von der Leyen has said the bloc hopes to phase out its dependency on Russian gas, oil and coal.
Israel could build one or more pipelines, potentially via Greece or Turkey, or increase the quantity of gas piped to Egypt to be liquified and shipped off, say experts.
ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investments, an Abu Dhabi-based private investment firm, announced they have...The ADC Acquisition Corporation ADQ has been formed by ADQ and Chimera Investments, an Abu Dhabi-based private investment firm.
ADC plans to raise AED367 million through an Initial Public Offering (IPO) of 36.7 million shares at an offer price of AED10 per share.
The two 175,000 cubic meter LNG vessels will join the company's fleet in 2025.The new-build LNG vessels are significantly larger than the current ADNOC L&S fleet of LNG vessels, which have a capacity of 137,000 cubic meters.
Over the past 24 months, ADNOC L&S acquired 16 deep-sea vessels, including eight Very Large Crude Carriers in 2021.
DEWA shares soared 19% in the first minutes of trading on Tuesday.DEWA last week said it had raised AED22.3 billion ($6.1 billion) in the region's largest IPO since Saudi Aramco
Some 9 billion shares, an 18 percent stake, were listed, with the initial price set at AED2.48 ($0.68)
The automaker is switching all sales away from traditional fuel cars.Global auto giants are increasingly prioritizing the production of electric and hybrid vehicles
After all, demand is growing for less polluting models as concern about climate change grows
Prices of crude oil have skyrocketed across the world, thanks to the Russian invasion of Ukraine and the subsequent sanctions...Russia is a major supplier of oil to European countries and the United States, besides other countries
However, they are not accepting crude from Russia anymore, pushing up prices of oil from elsewhere
Meta, the parent company of Facebook and Instagram, will give content creators the opportunity to sell virtual items to users...The metaverse consists of a set of parallel "universes" accessed primarily through augmented and virtual reality platforms
It already exists in a basic way in the form of video games such as Minecraft, Fortnite and Roblox and social platforms such as Horizon Worlds, and VRChat
