Abu Dhabi National Oil Company (Adnoc) is set to award a $2 billion contract aimed at increasing production from its offshore oil fields. This investment underscores Adnoc’s commitment to boosting its oil output as part of its strategy to meet global ener...

Carrefour, the French multinational retail giant, has partnered with Dubai’s Apparel Group in a strategic move to enter the Indian market. This collaboration will focus on establishing a foothold in the northern region of the country, marking a significan...

Oman is set to make waves in the Gulf region’s financial markets with the largest initial public offering (IPO) in the country’s history. Oman’s state energy company OQ SAOC has announced plans to raise approximately $2 billion by selling a 25% stake in i...

Agility Global, a leading logistics and supply chain company listed on the Abu Dhabi Securities Exchange, is contemplating a strategic divestment of its stake in Tristar Group, a prominent fuel logistics firm. The potential sale highlights a significant s...

Abu Dhabi National Oil Company (ADNOC) has announced the initial price thoughts (IPTs) for its latest dollar-denominated unsecured benchmark bond issuance, which will span three tranches with varying maturities. The offerings include five-year, 10-year, a...

An advanced malware campaign, identified by cybersecurity researchers at Proofpoint in August 2024, has raised alarms across various sectors worldwide. The malware, dubbed “Voldemort,” is believed to be part of a suspected cyber espionage operation, targe...

RAKBANK, officially known as the National Bank of Ras Al-Khaimah, has introduced a new digital platform named “Protego,” aiming to reshape how UAE residents approach their insurance needs. This insurance aggregator platform is designed to simplify purchas...

Oman’s sovereign wealth fund, the State General Reserve Fund (SGRF), has merged its subsidiaries Nitaj and the Food Development Oman (FDO) to enhance the nation’s food security strategy. This strategic consolidation aims to streamline operations and bolst...

Bitcoin’s market dynamics have shown a notable shift in 2024, characterized by increased activity among long-term holders and a surge in Bitcoin’s supply. This development signals strategic patience among investors as the cryptocurrency experiences signif...

Bitcoin has experienced a notable increase in outflows from exchanges, driven largely by large-scale transactions. Data indicates that substantial withdrawals have surged, reflecting a reaction from significant investors to the cryptocurrency’s fluctuatin...

NMDC Energy’s initial public offering (IPO) has experienced a robust demand surge, with the subscription level hitting 14 times the available shares within just four days. This overwhelming response underscores strong investor confidence in the company, w...

A joint venture between ADNOC Drilling and Alpha Dhabi has secured an expanded stake in Gordon Technologies, marking a significant development in the energy sector. This acquisition comes as part of an ongoing effort to enhance the technological capabilit...

Oil prices declined on Monday as market participants adjusted their strategies in light of anticipated increases in OPEC+ production starting in October. The price of Brent crude fell to $86.20 per barrel, while West Texas Intermediate (WTI) dropped to $8...

Cardano’s latest upgrade, the Chang hard fork, has gone live, marking a significant shift toward on-chain governance within its ecosystem. This highly anticipated development represents a major milestone in Cardano’s evolution, aimed at enhancing decentra...

LinkedIn has transitioned to Microsoft’s Azure Linux for its server infrastructure, marking a significant shift in its operating system strategy. The change aligns with LinkedIn’s ongoing efforts to streamline its technological stack and optimize performa...