Business & Money | Tuesday 6 May, 2025 11:36 am

ADNOC Drilling awarded $806 million long-term contract for three newbuild island rigs

ADNOC Drilling Company announced today it has been awarded a contract for three island rigs by ADNOC Offshore for an estimated total contract value of US$806 million to support expanding operations at the offshore Zakum development project. These three rigs are in addition to three ordered in...

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Business & Money | Tuesday 6 May, 2025 11:34 am

UAE hosts inaugural Governance of Emerging Technologies Summit

The inaugural Governance of Emerging Technologies Summit (GETS 2025) was launched yesterday in Abu Dhabi under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court. The summit is organised by the Advanced ...

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Business & Money | Tuesday 6 May, 2025 8:25 am

Arada launches Nest Hotel, a bold new hospitality brand with a debut location at Sharjah mega community Aljada

Arada has officially launched Nest Hotel, the master developer’s first homegrown hospitality brand, which promises a vibrant and affordable experience with a blend of comfort, community and convenience. A midscale brand, Nest Hotel was launched during Arabian Travel Market (ATM) 2025, the leading ...

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Business & Money | Monday 5 May, 2025 3:36 pm

EDGE to showcase next-generation multi-domain defence solutions at FEINDEF 2025

EDGE, one of the world’s leading advanced technology and defence groups, will showcase its latest line-up of multi-domain systems and solutions at the International Defence and Security Exhibition of Spain (FEINDEF), taking place from 12th to 14th May at IFEMA in Madrid. Organised by the...

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Business & Money | Monday 5 May, 2025 3:33 pm

ADNOC Gas announces Q1 net income of $1.27 billion

ADNOC Gas plc and its subsidiaries, a world-class integrated gas processing and sales company, today announced net income of $1.27 billion and EBITDA of $2.16 billion for the first quarter of 2025, exceeding the equivalent quarter in 2024 by 7% and 4% respectively. The performance was driven...

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Business & Money | Monday 5 May, 2025 10:49 am

MEFIC Capital Signs an Agreement with Russell Investments as Its Exclusive Technical Advisor

MEFIC Capital has signed an agreement with Russell Investments as its exclusive technical advisor. The agreement is to enhance the quality and scope of the services MEFIC Capital provides to its clients. Russell Investments is a premier global provider of a wide range of investment advisory...

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Business & Money | Monday 5 May, 2025 10:38 am

Dubai Holding announces intention to float Dubai Residential REIT on DFM

Dubai Holding, through its wholly owned subsidiary DHAM REIT Management LLC (Fund Manager), today announced its intention to launch an initial public offering (IPO) for Dubai Residential REIT, to list its units for trading on the Dubai Financial Market (DFM). Dubai Residential REIT is the...

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Business & Money | Monday 5 May, 2025 9:46 am

MoF organises high-level briefing to highlight UAE’s strategic role in advancing GCC financial, economic integration

The Ministry of Finance (MoF) has organised a high-level briefing at the Ministry of Foreign Affairs’ headquarters in Abu Dhabi to discuss the Gulf financial and economic integration and highlight the UAE’s role in supporting the joint Gulf action framework. The event aimed to raise...

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Business & Money | Monday 5 May, 2025 9:43 am

AD Ports Group, Egypt’s Suez Canal Economic Zone sign agreement to develop KEZAD East Port Said Zone

AD Ports Group, and the General Authority for Suez Canal Economic Zone (SCZONE), the integrated investment destination for linking industry and global trade, today signed a 50-year renewable usufruct agreement, to develop and operate a 20 km2 industrial and logistics park near the Egyptian coastal...

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Business & Money | Monday 5 May, 2025 8:09 am

Expo Centre Sharjah, WTC Kentucky discuss enhancing cooperation

Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah and member of the World Trade Centers Association (WTCA)’s Conferences and Exhibitions Advisory Council, affirmed Expo Sharjah’s commitment to strengthening ties with various world trade centres. He stressed that strategic collaboration is ...

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