Jafza & Transworld unite to establish new logistics center
DP World’s Jebel Ali Free Zone (Jafza) and Transworld Group have signed an agreement for the construction of a 50,000+ square meter, dry and temperature-controlled distribution center in Jafza. The facility will be developed by Jafza and it represents a significant expansion for Transworld that will nearly double its capacity in the region while expanding […]
DEWA explores enhancing cooperation with Microsoft
Dubai Electricity and Water Authority’s (DEWA) MD and CEO, Mr. Saeed Mohammed Al Tayer has welcomed a delegation from Microsoft, led by Mr. Ralph Haupter, President of Microsoft Europe, Middle East, and Africa (EMEA). The meeting discussed enhancing cooperation, exchanging experiences and best practices between DEWA and Microsoft, especially in innovation and sustainability areas. This […]
UAE’s e& enterprise join forces with Schneider Electric
UAE’s e& enterprise, part of e& (formerly known as Etisalat Group), has joined forces with Schneider Electric, a leader in digital transformation of energy management and automation, to enhance operational efficiencies across its grid network. This is in line with the UAE Green Agenda 2030. The collaboration is aimed at promoting clean energy solutions and […]
ADNOC strikes LNG agreement with Singapore’s ENN LNG
ADNOC has signed a 15-year Heads of Agreement (LNG agreement) with Singapore-based subsidiary of China’s ENN Natural Gas, ENN LNG, for the delivery of at least 1 million metric tons per annum (mmtpa) of liquefied natural gas (LNG). The LNG will primarily be sourced from ADNOC’s low-carbon Ruwais LNG project, currently under development in Al […]
DFSA partners with Hong Kong Monetary Authority
The Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority (HKMA) have entered into a partnership to explore how to further develop policy and regulatory responses to support and enable climate finance in the Middle East and Asia. This new partnership aims to bolster cross-border collaboration to advance sustainable finance across the two […]
Adnoc signs first LNG deal from low-carbon Ruwais project
Adnoc has announced the signing of a 15-year liquefied natural gas (LNG) agreement with ENN LNG, a wholly-owned subsidiary of ENN Natural Gas, for the delivery of at least 1 million metric tons per annum (mmtpa) of LNG. The LNG will primarily be sourced from Adnoc’s low-carbon Ruwais LNG project, currently under development in Al […]
PureHealth raises $986m in debut Abu Dhabi IPO
PureHealth, a leading healthcare platform in the Middle East, has raised a total of AED 3.62 billion ($986 million) in its debut initial public offering (IPO) at Abu Dhabi Securities Exchange (ADX) which was oversubscribed 483 times in the retail tranche and 54 in the professional subscribers tranche. This listing also marks the 6th IPO […]