Browsing: Business

Aramco has signed a deal with a consortium led by EIG Global Energy Partners (EIG), one of the world’s leading energy infrastructure investors, to optimize its assets through a lease-and-lease-back agreement involving its stabilised crude oil pipeline network. Upon closing,

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), announced the acquisition of two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet

The UAE announced a $3 billion investment in Iraq in a fresh bid to strengthen the economic and investment relations between the two fraternal nations. The new investments are aimed to tap new prospects of partnerships between the two countries

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Dr. Mustafa Al Kadhimi, Prime Minister of Iraq, held discussions at Qasr Al Watan, Abu Dhabi, on

When it comes to delivering on a future vision, the UAE has set the standard in the Middle East. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, has

Aldar Investment announced an AED 500 million redevelopment plan for Yas Mall to reinforce the asset’s position as the centerpiece of Yas Island, Abu Dhabi’s fast-growing residential and leisure destination. The substantial investment will enhance the customer journey by reimagining

For the first time in three years, the Central Bank of the UAE sold gold bullions worth AED1.7 billion in January 2021, bringing its gold reserve down to AED11.17 billion from a record high of AED12.86 billion in December 2020.

DMCC – the flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has entered into a memorandum of understanding (MoU) with the Securities and Commodities Authority (SCA) to establish a regulatory framework for businesses offering,

The MENA Oil and Gas Technology Summit, a one day virtual event hosted by MEED, will take place on Wednesday, 24 March 2021, bringing together stakeholders from National Oil Companies, large end users and utilities companies to explore topics including

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the Industrial Strategy Operation 300 billion. The 10-year comprehensive strategy aims to empower and expand the industrial sector to become