United Arab Emirates

ADNOC aims production growth with $1.17 bn contract

Contract awarded by ADNOC Offshore to ADNOC Logistics & Services

Bayzat receives funding from MBRIF to fuel expansion plans

Fund to be used to strengthen Bayzat's technical development team

IHC acquires 50% of Turkish ‘Kalyon Enerji’ in $490 mn transaction

Deal in line with IHC’s long-term investment strategy in the clean energy sector

New UAE visas to come into force from next month

Reforms include 5-year Green residency, permits for job hunters and tourists

DEWA’s second-quarter net profit rises 40%

UAE’s growing energy demand boosted DEWA profits

UAE’s TAQA generates $7 bn in profits thanks to oil, gas revenues

Earnings before interest, tax depreciation amounted to $3.1 bn

UAE’s Everdome secures $10 mn metaverse funding

Commitment to be used to strengthen Everdome’s offering, sustainability

UAE to crack down on crypto, real estate exploitation

"New regulations will leave little or non room for manipulation"

Three-stage facilitative model for crypto regulation in UAE

UAE's crypto market generates transactions worth $25 bn

Dubai’s Salik to seek $1 bn in IPO

Salik is still planning to list its shares on Dubai Stock Exchange in September

IHC achieves net profits of $2.82 bn for H1

H1 total revenue increased 121% to AED 21.93 bn

Dubai brings in 7.12 mn international visitors in 6 months

Despite “macroeconomic factors” affecting the global economy

Hackers leak Spinneys’ customer data in UAE

Retailer assures no personal banking information was compromised

UAE’s BNPL Tabby secures $150 mn financing

The firm's total capital raised to date amounts to $275 mn

This is the number of Golden Visas issued by UAE thus far

Global Citizenship-by-Investment market will reach $100 bn by 2025

UAE’s tourism industry witnessing quantum leap

Findings bolster the country’s position as a global tourist destination

Al-Futtaim Automotive reveals strong H1 results

Results reflect continuing rebound for automotive industry