Browsing: Business

DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the signing of a sale and purchase agreement (SPA) with REIT Development to establish the largest precious metals refinery and storage facility

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

Wizz Air Abu Dhabi, the newest national airline of the UAE, has announced the launch of its latest routes from Abu Dhabi to Almaty and Nur Sultan, Kazakhstan, starting in the middle of May 2021. With the launch of Almaty

GE’s HA technology is the fastest growing fleet of heavy-duty gas turbines globally and has already set two world records for efficiency, one each in the 60 hertz and 50 hertz segments of the power market. Higher efficiency levels mean

Zynga Inc, a global leader in interactive entertainment, announced that it has acquired Echtra Games, a cross-platform game studio composed of a development team whose core members have previously shaped the world of action role-playing games through their work on

FedEx Corp, one of the world’s largest cargo airline, announced an ambitious goal to achieve carbon-neutral operations globally by 2040. To help reach this goal, FedEx is designating more than $2 billion of initial investment in three key areas: vehicle