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 […]

Aldar & Yellow Door Energy to provide solar power to properties

Aldar Properties (Aldar) has partnered with Yellow Door Energy, a leading sustainable energy organization, to bring solar power to 45 properties across the UAE. This move intends to support the UAE Net Zero by 2050 Strategic Initiative and Abu Dhabi’s 2030 Energy Strategy. The partnership between Aldar and Yellow Door Energy was formalized on the […]

Dubai’s RTA unveils Dhs1.6bn digital strategy

Dubai’s Roads and Transport Authority (RTA) has unveiled its Dhs1.6bn digital strategy, with 82 projects and initiatives that are aimed at strengthening the authority’s digitalisation journey by optimising the use of data and constructing infrastructure that is agile and scalable. The seven-year digital strategy includes enabling 100 per cent fintech-driven mobility, increasing digital service adoption […]

DP World to relocate global head office to Expo City Dubai

DP World said it plans to relocate its headquarters to Expo City Dubai, marking the latest milestone in the ports operator’s 50-year journey, as it continues to expand its global supply chain solutions. The move to Expo City is part of the company’s journey from a local port operator in 1972 to a global supply […]

Dubai real estate gig: Sparks fly as job ad demands dating prowess

Selling real estate in Dubai’s booming property market is proving to be one of the most in-demand jobs at the moment. However, a job ad asking for female candidates, of any nationality, to “strategically leverage dating apps” to seal property deals has left many in the emirate up in arms. The advertisement, which was originally […]

ADQ, Azerbaijan Investment Holding form joint investment platform

Abu Dhabi fund ADQ and Azerbaijan Investment Holding (AIH) have agreed to set up a joint venture to invest in different sectors including agriculture, technology, pharmaceuticals and energy infrastructure. The venture will seek and leverage investment opportunities to generate sustainable financial returns on deployed capital. Its investments will primarily be located in Azerbaijan, the UAE, […]

Abu Dhabi to ‘buy’ stake in key Turkish port: Reuters

Abu Dhabi is set to buy a stake in a key Turkish port, according to four sources aware of the deal. Under the potential agreement, state-controlled group ADPorts Group would invest in an entity to be established by the Turkey Wealth Fund to run the Aegean coast port of Izmir, said two of the sources. […]

Salik unites with TAMM to drive digital transformation

Salik Company, Dubai’s exclusive toll gate operator, has signed a Memorandum of Understanding (MoU) with TAMM, the Abu Dhabi government services platform, under the umbrella of the Department of Government Enablement – Abu Dhabi (DGE) to drive digital transformation. The MoU marks a historic milestone for the UAE’s transportation sector and demonstrates the commitment of […]