Abu Dhabi National Oil Company (Adnoc) has successfully concluded a significant acquisition, purchasing Covestro, the prominent German chemicals manufacturer, for an estimated €12 billion. This landmark deal marks a critical strategic move for Adnoc, bols...

Foreign direct investment (FDI) into artificial intelligence is seeing significant growth, with Dubai and the broader AI sector playing pivotal roles in shaping the landscape. FDI into AI-related projects surged by 44% in 2022, a reflection of the global...

Abu Dhabi’s wealth fund, ADQ, has successfully raised $2 billion via an international bond issuance, marking a pivotal move for the state-owned holding company as it seeks to enhance its investment footprint across diverse sectors. This bond sale is indic...

Investment flows from the Middle East into China have surged to unprecedented levels, reflecting an evolving economic partnership driven by substantial cash reserves and a shared interest in diversification and innovation. As the global economy continues...

Government of Ajman has signed a Memorandum of Understanding (MoU) with China National Electric Engineering Co. Ltd. (CNEEC), a subsidiary of Sinomach Group to invest upto Dh5 billion in infrastructure projects that will help the emirate’s economy to grow...

Dubai is gearing up to transform urban transportation with the introduction of fully electric flying taxis, expected to be operational by the first quarter of 2026. Khaled Al Awadhi, Director of the Transportation Systems Department at Dubai’s Roads and T...

LuLu Group, one of the largest retail giants in the Middle East, is preparing to go public with a dual listing on the Abu Dhabi Securities Exchange (ADX) and Saudi Arabia’s Tadawul. The much-anticipated initial public offering (IPO) is slated to take plac...

The Abu Dhabi Securities Exchange (ADX) has enacted a new ban on insider trading effective immediately, targeting potential market abuses ahead of the third-quarter financial disclosures. This move aims to reinforce market integrity and ensure fair tradin...

Dubai’s financial sector is experiencing a significant boom, attracting an influx of high-income professionals. With this growth, premium education institutions are seeing a surge in demand, particularly among families who are willing to pay top dollar fo...

The OPEC Fund for International Development has approved nearly US$1.2 billion in new funding aimed at advancing development initiatives across several sectors in partner countries. This substantial commitment reflects the organization's ongoing mission t...

The Abu Dhabi Investment Authority (ADIA), one of the largest sovereign wealth funds globally, has divested 50% of its stake in Policy Expert, a UK-based insurance technology firm. The buyer is Cinven, a leading European private equity firm, which has acq...

Abu Dhabi’s Etihad Airways is targeting a stock market debut in 2025, according to sources familiar with the plans. This move, if realized, could mark the first initial public offering (IPO) of a major Gulf airline and aligns with the UAE’s strategic push...

Oil prices are expected to hover between $60 and $70 per barrel as major global commodity traders Gunvor and Trafigura project a continued pressure on the market. This forecast, announced during a conference, reflects persistent concerns over sluggish dem...

Abu Dhabi National Oil Company (Adnoc) has entered into a significant 15-year agreement with Indian Oil Corporation (IOC), aimed at supplying 1 million tonnes per year of liquefied natural gas (LNG) to India. This long-term deal highlights the strengtheni...

ASK Private Wealth, the advisory and family office arm of the Blackstone-backed ASK Asset and Wealth Management Group, is targeting non-resident Indians (NRIs) and overseas citizens of India (OCIs) with a new fund aimed at raising $100 million. The launch...