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Adnoc International Limited announces voluntary public takeover for ‘Covestro’

01 Oct 2024

Adnoc on Tuesday announced that Adnoc International Limited (Adnoc International), has entered into an investment agreement with Covestro AG (Covestro), one of the world’s leading chemical players, and launched a...

UAE leads Arab world in banking sector assets with 24.3% share

30 Sep 2024

The Arab Monetary Fund (AMF) reported a significant growth in the assets of the banking sector in the Arab countries, rising to US$4.574 trillion at the end of 2023, up...

Sharaf Group announces expansion plans

27 Sep 2024

Gulf Network Residents and tourists flocked at the latest location of a UAE-homegrown retail brand on Friday, south of Dubai. Even before the regular 10 a.m. operation hours, a beeline,...

Dubai Data, AI Platform to usher in new phase of digital transformation

27 Sep 2024

Digital Dubai, the government entity overseeing digital transformation in Dubai, announced that it is developing the Dubai Data and Artificial Intelligence Platform in accordance with the highest international standards and...

Dhs1.1 billion Islamic T-Sukuk Issued for September 2024

26 Sep 2024

The Ministry of Finance (MoF), as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuance and payment agent, announced the results of the auction...

UAE-Italy trade volume reaches 4.8 billion euros in H1 of 2024

26 Sep 2024

Sajjad Ahmad, Deputy Business Editor The UAE and Italy share strong trade relations. Italy is one of the UAE’s main trading partners in Europe. Bilateral trade has grown significantly in...

Developing economies in Asia set to grow at a 5% annual pace

25 Sep 2024

Developing economies in Asia are forecast to grow at a 5.0% annual pace this year, helped by a strong US economy and surging demand for computer chips that power artificial...

Watch and Jewellery Middle East Show opens at Expo Centre Sharjah

25 Sep 2024

Sheikh Abdullah Bin Salem Bin Sultan Al Qasimi, Deputy Ruler of Sharjah, inaugurated the 54th edition of the Watch and Jewellery Middle East Show, which is organised by Expo Centre...

Masdar and Taaleri reach financial close on Serbia 154 MW wind farm

24 Sep 2024

Abu Dhabi Future Energy Company (Masdar), the United Arab Emirates’ clean energy powerhouse, announced the financial close for the 154 megawatt (MW) Cibuk 2 wind farm in Serbia. The financial...

Masdar to acquire ‘Saeta’ from Brookfield for $1.4 billion