Engie-backed National Central Cooling Company, known as Tabreed, and private equity firm CVC Capital Partners have entered exclusive negotiations to acquire PAL Cooling Holding , the district cooling arm of Abu Dhabi’s Multiply Group. The transaction is e...

Abu Dhabi National Energy Company has unveiled plans to invest more than AED37 billion to meet the escalating power demands of the emirate’s expanding data centre and artificial intelligence infrastructure. The announcement was made by Group CEO and Mana...

OPEC and its allies, collectively known as OPEC+, have reaffirmed their existing oil production targets through 2026, opting to maintain current supply restraints despite ongoing market volatility and internal disagreements over future quotas. During a v...

Saudi Aramco is exploring asset sales to bolster its balance sheet as it navigates declining oil revenues and intensifies its international expansion efforts. The state-owned oil giant has engaged investment banks to propose strategies for monetising its...

Abu Dhabi is set to host the world’s largest artificial intelligence data centre outside the United States, following a landmark agreement between OpenAI, G42, Oracle, NVIDIA, SoftBank, and Cisco. The project, named Stargate UAE, will be situated at the n...

A group of prominent Senate Democrats, led by Elizabeth Warren and Minority Leader Chuck Schumer, has urged the Trump administration to reconsider newly announced artificial intelligence chip agreements with Saudi Arabia and the United Arab Emirates . Th...

Dubai’s real estate sector, having witnessed a remarkable 70 percent surge in property values over four years, is increasingly attracting the attention of major Wall Street investors, signalling a fresh wave of international capital flowing into the marke...

The United States has pledged a $60 billion investment in the United Arab Emirates' energy sector, as part of a broader $440 billion joint initiative extending through 2035. This commitment was announced during President Donald Trump's visit to the Gulf,...

Saudi Arabia’s Crown Prince Mohammed bin Salman continues to assert his influence in the global energy markets, a strategy that has far-reaching implications not only for the kingdom’s domestic policies but also for its relationship with the United State...

Abu Dhabi’s International Holding Company has joined forces with US-based investment giant BlackRock to establish a $1 billion reinsurance platform headquartered in the Abu Dhabi Global Market . The initiative, which also includes Lunate, an Abu Dhabi-ba...

By Saifur Rahman The Emirates Group reported an 18 percent growth in profit before tax exceeding US$6.2 billion (Dh22.7 billion) – a new record – in the financial year 2024-25. This is the first financial year that the UAE corporate tax, enacted in 2023,...

At 1:44 a.m. on 6 May 2025, Indian armed forces carried out precision strikes on nine locations in Pakistan and Pakistan-administered Kashmir. The operation, codenamed 'Operation Sindoor,' was launched in response to the 22 April massacre in Pahalgam, whe...

By Saifur Rahman When Ho Kwon Ping, a young Stanford drop-out, saw an abandoned tin mine in Thailand’s Bang Tao Bay in Laguna Phuket area in 1984, he didn’t know what to do with it as the land that was dimmed ‘useless’ by its former occupiers. It was a pa...

Abu Dhabi’s Mubadala Capital is set to lead a $10 billion syndicated investment into TWG Global, marking a significant move into the global sports and entertainment sector. This partnership not only positions Mubadala at the forefront of high-value sports...

Syria’s fragile post-war recovery effort gained significant momentum after Saudi Arabia and Qatar pledged to clear the country’s outstanding World Bank debt, a critical step towards unlocking new international funding. The commitment, disclosed following...