Central Bank of UAE issues its 2022 Annual Report on monetary, financial stability
The Central Bank of the UAE (CBUAE) issued its 2022 Annual Report, highlighting its progress and initiatives to bolster monetary and financial stability in the UAE throughout the […]
UAE’s Khazna to enter Egyptian market with Benya through $250mln investment
Khazna Data Centers, headquartered in the UAE, unveiled its plan to enter the Egyptian market with Benya Group through an investment worth $250 million to build a state-of-the-art data centre […]
Abu Dhabi to implement Demand Side Management regulations from 1 July
Abu Dhabi’s Department of Energy announced that it aims to implement its Demand Side Management (DSM) regulations from 1 July 2023. These regulations form a comprehensive framework for designing, implementing, […]
UAE Climate Tech forum kicks off in Abu Dhabi with 1,000 technology and climate leaders
The UAE Climate Tech forum, with the participation of over 1,000 policymakers, CEOs, experts, specialists, technology sector leaders and investors from around the world, kicked off today at the […]
Emirates Steel Arkan Q1 net more than doubles to $41.45mln
UAE – Emirates Steel Arkan, the largest publicly traded steel and building materials company in the UAE, has seen its first-quarter (Q1) net profit shoot up 110% to AED152.2 million […]
SoftBank nears deal to sell Fortress to Mubadala for up to $3bln- FT
SoftBank Group Corp is in late-stage talks to sell asset manager Fortress Investment Group to Abu Dhabi-based sovereign wealth fund Mubadala for as much as $3 billion, the Financial Times […]