Abu Dhabi National Hotels (ADNH) Catering, a prominent subsidiary of ADNH, is gearing up for a public offering that could raise up to $235 million on the Abu Dhabi Securities Exchange (ADX). This IPO marks a significant moment for the company, which has e...

The United Arab Emirates has implemented a significant tax relief for cryptocurrency-related businesses and investment firms, providing them with a value-added tax (VAT) exemption that aims to bolster the country’s position as a global hub for digital ass...

Gulf sovereign wealth funds are on track to collectively manage an unprecedented $7.3 trillion in assets by 2030, driven by significant global investments and domestic diversification efforts. Buoyed by surging oil revenues, these funds have evolved from...

Construction on the Jeddah Tower, which aims to be the tallest building in the world, is back in motion after a prolonged hiatus. Owned by Saudi billionaire Jeddah Economic Company (JEC), the ambitious project has faced numerous delays since its groundbre...

The Abu Dhabi Securities Exchange (ADX) recorded a significant surge in trading activity, logging 15 large deals worth AED 2.66 billion ($724 million) involving ADNOC Gas and Modon properties. These transactions underscore the growing investor confidence...

Amid soaring rental prices in Dubai, the archaeological discovery of a 7,000-year-old city has sparked interest as a potential refuge for those seeking affordable housing solutions. Excavations in the region have uncovered remnants of a once-thriving comm...

Tariq Khan, the former CEO of Shuaa Capital, has taken a significant step by investing in Quintas, an Irish investment firm. This move marks his first major foray into European financial markets, signaling a shift in focus from the Middle East to new terr...

The exploration of bioactive peptides has drawn considerable interest in recent years, with a focus on understanding their potential implications in various fields of biotechnology and research. One peptide that has garnered attention is Testagen, a synth...

Malaysia’s state-owned oil and gas company, PETRONAS, has successfully entered into a new exploration agreement with the Abu Dhabi National Oil Company (ADNOC). This landmark deal marks a significant milestone for both entities as they aim to bolster thei...

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, hosted his regular Majlis gathering at the Za’abeel Palace, focusing on economic and investment strategies for the region. This week’s event saw the at...

Aldar Properties has embarked on a significant hospitality transformation in Abu Dhabi, unveiling plans for a comprehensive investment of AED 1.5 billion. This initiative aims to elevate the emirate’s standing as a premier tourist destination by introduci...

Plans are underway for Africa’s wealthiest person, Aliko Dangote, to establish a family office in Dubai, signaling a significant move towards consolidating his extensive business empire and managing his diverse investments. The billionaire, who is renowne...

Saudi Aramco, the state-owned oil giant of Saudi Arabia, has set the pricing guidance for its upcoming dollar-denominated sukuk bonds. The issuance marks another significant move in the company’s strategy to diversify its funding sources and support its o...

A surge in institutional interest is significantly advancing cryptocurrency adoption in the United Arab Emirates, positioning the region as a pivotal player in the global digital assets market. Major financial institutions, including banks and investment...

Work on the $2.72 billion Dubai Expo City expansion is expected to begin soon, according to officials familiar with the city’s masterplan. The project, which forms part of a broader initiative to transform the Expo 2020 site into a long-term economic and...