Oil & GasAdnoc and Pertamina sign $2.5 bn oil and gas development dealInternational Finance DeskJuly 30, 2019December 18, 2019 by International Finance DeskJuly 30, 2019December 18, 2019 As part of the deal signed between UAE and Indonesia, Adnoc will build a LNG storage facility in Indonesia... Read more
Oil & GasAfter India, Adnoc enters China to explore oil and gas investmentsInternational Finance DeskJuly 23, 2019December 18, 2019 by International Finance DeskJuly 23, 2019December 18, 2019 Adnoc and China's Cnooc will assess opportunities for partnerships and co-investments in the LNG sector... Read more
EnergyMubadala, ACWA to launch Umm Al Quwain desalination plant in 2021International Finance DeskJuly 10, 2019December 17, 2019 by International Finance DeskJuly 10, 2019December 17, 2019 ACWA Power and Mubadala will each own 40% stake in the plant, while FEWA will own the remaining 20%... Read more
EconomyTechnologyDFSA and Smart Dubai in MoU to start smart transformationInternational Finance DeskJuly 1, 2019December 12, 2019 by International Finance DeskJuly 1, 2019December 12, 2019 The MoU signed by Waleed Saeed Al Awadhi and Wesam Lootah was UAE’s first digitally signed MoU... Read more
EconomyUAE, South Africa sign MoU to strengthen bilateral trade and investmentInternational Finance DeskJune 28, 2019 by International Finance DeskJune 28, 2019 The UAE commits to inject billions of dollars into the South African economy at South Africa- UAE joint forum... Read more
TechnologyUber gets UAE ministry’s approval for $3.1bn Careem merger dealInternational Finance DeskJune 25, 2019 by International Finance DeskJune 25, 2019 UAE’s competition committee finds that the deal will not result in economic concentration in excess of the 40% allowed... Read more
Wealth ManagementNumber of billionaires in UAE and Saudi Arabia declines in 2018International Finance DeskJune 6, 2019 by International Finance DeskJune 6, 2019 Wealth X’s report finds that there are 55 dollar billionaires in the UAE worth $165 billion... Read more
TradingGold dominates UAE’s non-oil trade; total non-oil volume hits Dh1.6 tnInternational Finance DeskMay 29, 2019November 14, 2019 by International Finance DeskMay 29, 2019November 14, 2019 UAE’s trade with Arab countries made 21 percent of total non-oil trade... Read more
BankingForeigners can now own up to 40% in First Abu Dhabi BankInternational Finance DeskApril 12, 2019 by International Finance DeskApril 12, 2019 The UAE central bank approves raising foreign ownership limit from 25%... Read more
In the NewsGamestream deal: Etisalat to stream video games from premier publishersInternational Finance DeskApril 11, 2019 by International Finance DeskApril 11, 2019 The UAE telecom operator aims to be the dominant player in eSports and video gaming... Read more