|
|
Dubai, UAE – June 25, 2025 – Hibrid, a leading UAE-based provider of innovative streaming technology, has announced a strategic collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to offer comprehensive streaming and infrastructure services to customers throughout the Middle East and the Gulf Cooperation Council (GCC) region.
This collaboration combines Hibrid's cutting-edge ......read more
|
|
|
 Abu Dhabi, UAE – 9 June 2025 – Meedaf, an ADGM-licensed entity launched in April 2025 to serve financial institutions across the GCC, proudly announces a strategic joint venture with Brink’s a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. This collaboration is set to revolutionize the cash management and ATM managed services industry in the UAE, ushering in a ......read more
|
|
|
 Dubai, UAE –June 02, 2025: TCL, a leading global consumer electronics brand and the No.2 TV brand worldwide, proudly announces the elevation of its partnership with Arsenal Football Club to a global level, becoming Arsenal’s Official Global Consumer Electronics Partner.
This milestone marks a new era in the relationship between two iconic brands driven by shared values of innovation, excellence, and progress. Building on a ......read more
|
|
|
 Dubai, UAE – May 2, 2025 – New Jersey Governor Phil Murphy and Hotpack, the UAE-based leader in sustainable food packaging solutions, today announced a major step forward in Hotpack’s international expansion strategy with a $100 million investment to establish a new manufacturing and distribution facility in Edison, New Jersey, USA. This project marks Hotpack’s first production base in North America, reflecting ......read more
|
|
|
 Company Achieves Record-Breaking First-Quarter Revenue Driven by Balanced Growth in Home Appliance and B2B Sectors
Dubai, April 25, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of USD 15.67 billion and operating profit of USD 869 million for the first quarter of 2025. This marks the highest first-quarter revenue in the company’s history and the sixth consecutive year in which operating profit surpassed USD ......read more
|
|
|
 By Daniela Sabin Hathorn, senior market analyst at Capital.com
Gold continues its impressive rally as market confidence in the soundness of the US administration wavers. The latest headline shaking investor sentiment emerged over the Easter weekend, with reports suggesting that President Trump is exploring ways to remove Federal Reserve Chairman Jerome Powell. Although the Fed’s independence has long been a pillar of financial ......read more
|
|
|
Strategic acquisition of Transmission Investment will support TAQA Transmission’s international growth plans and expands its capabilities in offshore transmission services and transmission infrastructure development
Transmission Investment is one of the largest players in the United Kingdom’s offshore electricity transmission market and a prominent player in the country’s interconnector sector
Abu Dhabi, UAE – ......read more
|
|
|
 The new installation has been dubbed one of the largest rooftop solar projects in National Industries Park, Dubai
Dubai, UAE – March 19, 2025: Hotpack Global, the UAE-based leader in sustainable packaging solutions, has successfully completed the installation of a 2.2 MW rooftop solar power system at its cutting-edge manufacturing facility in National Industries Park (NIP), Dubai. This milestone marks one of the largest solar energy ......read more
|
|
|
Strong results and record alumina and hot metal production.
Building global aluminium recycling business, and laying foundations for low carbon primary growth.
Growing sales of CelestiAL solar aluminium.
Record Emiratisation rate, and metal sales to UAE customers.
Second consecutive year of AED 3.7 billion ($1 billion) dividend to shareholders.
AED 1.8 billion ($488 million) impairment of Guinea Alumina Corporation.
Abu Dhabi, ......read more
|
|
|
 By Daniela Sabin Hathorn, senior market analyst at Capital.com
US equity futures started the week on a weaker note, continuing the recent trend of softness. The Nasdaq 100 extended heavy losses from Asian and European trading sessions, shedding nearly 500 points (2.5%) at the US open. Investor sentiment remains fragile as uncertainty surrounding Trump’s tariff policies fuels concerns about a potential global trade war and its ......read more
|
|
|
Global dividends grew to a record $1.75 trillion in 2024, up 6.6% on an underlying basis
Headline growth of 5.2% reflected lower one-off special dividends and the stronger US dollar
17 countries out of the 49 in our index saw record dividends, including some of the largest payers such as the US, Canada, France, Japan and China
Large companies making their first dividend payments made a disproportionate impact – Meta, Alphabet and ......read more
|
|
|
 Abu Dhabi, UAE, February 18, 2025 - Kalyani Strategic Systems Limited, a wholly-owned defence subsidiary of Bharat Forge, proudly unveiled the MArG 45, mobile gun system mounted on a 4x4 all-terrain platform, at IDEX Abu Dhabi 2025. The prestigious launch was officiated by H.E. Shri Sunjay Sudhir, Ambassador of India to the UAE, reinforcing India’s commitment to advancing global defense technology.
MArG 45 exemplifies Kalyani ......read more
|
|
|
 Company highlights Japan-quality innovations, sustainability and customer-centric strategies to address the unique needs and preferences of Nigerian market
Lagos, Nigeria
Panasonic Marketing Middle East & Africa (PMMAF) has unveiled its roadmap to support the company's growth journey in the Nigerian market this 2025 and beyond. With a strong focus on the air conditioning (AC) business, Panasonic aims to address the increasing need ......read more
|
|
|
Solar PV panels will be added to more than 100 service stations across Abu Dhabi, intended to avoid more than 13,000 tonnes of CO₂ emissions annually.
Milestone marks the second phase of service station solarization program following the successful installation of solar PV panels at 28 service stations in Dubai.
Initiative supports ADNOC Distribution’s sustainability goals, in line with its aim to reduce operational carbon ......read more
|
|
|
 Abu Dhabi, 15 January 2025 Al Hilal Bank, a subsidiary of ADCB Group, has appointed Jamal Al Awadhi as its new Chief Executive Officer to spearhead the Bank’s ambitious growth trajectory and reinforce its position as the UAE’s premier Shariah compliant digital bank.
Al Awadhi, a seasoned industry leader and UAE national, brings over 20 years of senior leadership experience across diverse sectors, including financial services, ......read more
|
|
|
Masdar has acquired Saeta Yield and partnered with Endesa S.A. in Spain
UAE's clean energy leader has acquired Saeta, an established renewables platform with an operating portfolio of 745MW of predominantly wind assets, and a 1.6GW development pipeline in Spain and Portugal, for an enterprise value of €1.2 billion
Masdar is also partnering with Endesa in Spain in a portfolio of over 2GW of solar assets and aims to add 0.5GW of ......read more
|
|
|
 VinFast is setting a new standard for sustainable innovation in the electric vehicle (EV) industry. By prioritizing long-term environmental impact over short-term gains, VinFast is actively addressing the challenges of battery disposal and reuse, positioning itself as a leader in the circular economy.
As the world transitions to EVs, opportunities to enhance sustainability continue to emerge. While EVs are widely recognized as a solution to ......read more
|
|
|
Abu Dhabi, UAE – December 5, 2024 – Mubadala Investment Company, the Abu Dhabi-based investment company, announced its agreement to purchase a minority stake in Zelis, a leading provider of healthcare technology solutions in the United States. Mubadala Investment Company is the lead investor, alongside a group of investors including Norwest and HarbourVest. Parthenon and Bain Capital remain the majority owners of Zelis.
“We ......read more
|
|
|
 November 18-19, 2024 | JOCIC Park, KEZAD, Abu Dhabi, UAE
Abu Dhabi witnessed a landmark event today with the official opening of the 2nd Chinese Industrial Products Exhibition (CIPE 2024) at JOCIC Park, KEZAD. This premier event, a testament to four decades of China-UAE economic partnership, brought together innovators, investors, and policymakers to chart a new course for industrial collaboration.
The opening ceremony, organized by JOCIC ......read more
|
|
|
New customer connections in four countries: UAE, India, Egypt and Oman
Company committed to maintaining 'Investment Grade' credit rating
Abu Dhabi, United Arab Emirates—15 November 2024: Tabreed, the UAE's leading international district cooling company, has released its consolidated financial results for the first nine months of 2024.
Tabreed has experienced a 6% year-on-year rise in consumption volumes during 9M ......read more
|
|
|
Abu Dhabi, 13 November 2024: Investcorp Capital plc (the "Company" or "Investcorp Capital") (ADX symbol: "ICAP"), an investor in private markets and a provider of capital and capital financing services in the alternative investments space, is pleased to announce its first quarter results for the fiscal year 2025 ended 30 September 2024.
Highlights:
Net profit of $12 million.
Capital ......read more
|
|
|
Net profit up 145% year-on-year due to strong operational performance and strategic expansion
Third quarter revenues reached AED 3.975 billion, up 110% year-on-year
Abu Dhabi, UAE; 23 October 2024: NMDC Energy JCSJ (ADX: NMDCENR), a majority-owned subsidiary of NMDC Group (ADX: NMDC), has reported strong third quarter financial results in its first earnings announcement since its recent initial public offering (IPO).
NMDC ......read more
|
|
|
 "KZ Media" is a comprehensive platform specialised in visual content production and brand management to enable companies to reach new horizons
Abu Dhabi, United Arab Emirates – 03 October 2024: KEZAD Group, a subsidiary of AD Ports Group under the Economic Cities & Free Zones, and the largest operator of integrated and purpose-built economic zones in the UAE, has announced the launch of a new business initiative dedicated ......read more
|
|
|
 24 September 2024 – Abu Dhabi, United Arab Emirates: Global Aerospace Summit, a premier forum spearheaded by CEO’s bringing together the world's aerospace supply chain, is set to drive greater sustainability, youth engagement, and innovation across the industry. The Summit, taking place from 25 to 26 September in the UAE capital, has grown in stature and significance to become the premier platform for ......read more
|
|
|
Longer debt maturities at low margin positions the Group to benefit from declining interest rates
Lower spreads will yield up to AED 44 million in savings over the next 12 months
Abu Dhabi, UAE – 20 September 2024: AD Ports Group, a leading facilitator of global trade, logistics and industry (ADX: ADPORTS), has signed agreements with two UAE banks to refinance its syndicated loan of USD 2.25 billion at more favourable terms, which ......read more
|
|
|
 66% reduction in Scope 1 and 2 greenhouse gas emissions
Pledge to plant 700,000 mangroves in the UAE by 2030
Abu Dhabi, 18 September 2024 – Mubadala Energy, the Abu Dhabi headquartered international energy company, has today announced significant progress across key Environmental Social and Governance (ESG) drivers, including a two thirds reduction in Scope 1 and 2 greenhouse gas (GHG) emissions from 2022. Launching its 2023 ......read more
|
|
|
 04 September 2024, Abu Dhabi: The Abu Dhabi Department of Energy (DoE) has launched a series of initiatives aimed at promoting sustainability and conservation efforts among Abu Dhabi’s next generation. Through awareness programs in schools and households, the DoE is promoting a more sustainable future as Abu Dhabi advances its efforts toward achieving the UAE's 2050 net zero goals.
Education is crucial for shaping a sustainable ......read more
|
|
|
Acquisition expands TAQA’s portfolio, further strengthening its capabilities to deliver high-quality water treatment solutions
Integration of SWS Holding adds significant asset value and further enhances TAQA’s predictable cashflow profile and earnings
04 September 2024, Abu Dhabi, UAE: Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utilities in Europe, Middle East and Africa, ......read more
|
|
|
 The new solution, provided by Noatum Logistics, inaugurated with new rail shuttle service connecting Khalifa Port and Fujairah Terminals
Abu Dhabi, UAE – 03 September 2024: Noatum Logistics, an AD Ports Group company and a leading logistics provider serving the globe across all major markets and trade lanes, announced today the launch of its new rail logistics solution for the Middle East region. The new offering, which complements ......read more
|
|
|
Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium: "EGA continues to deliver competitive financial performance throughout the economic cycle, through our focus on operational excellence, controlling our costs, and our long-term commercial relationships with our global customers.
"The first half of 2024 saw our acquisition of Leichtmetall and progress in the development of our recycling plant in ......read more
|
|
|
AD Ports Group was ranked the world's 19th largest container port operator, leveraging its 2023 acquisition of Spain-based Noatum
Inclusion in the new 2024/2025 ranking by Drewry, publisher of an authoritative annual comparison of world container ports, reflects AD Ports Group's growing importance
AD Ports Group was also included for the first time in the Drewry Port Equity Index, a benchmark global stock index of 10 large ......read more
|
|
|
 The 40,000 sqm plant will cater to the needs of the oil and gas, defence and locomotive industries
Abu Dhabi, United Arab Emirates – 28 August 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones and UAE-based Apex Engineering Industries have announced the signing of a 50-year land lease agreement for the establishment of a state-of-the-art facility in KEZAD Area ......read more
|
|
|
 The 27,000 sqm plant will manufacture solar panels and photovoltaic modules to generate clean and renewable energy
Abu Dhabi, United Arab Emirates – 27 August 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones and UAE-based Abundance Solar Panels Industries have announced the signing of a 50-year land lease agreement for the establishment of a sophisticated ......read more
|
|
|
Key Highlights:
Achieved net profit of AED 1.6 billion while assets grew by 2% year-on-year.
Reported 6% decline in revenue to AED 16.7 billion and 2% decline in EBITDA to AED 2.1 billion in H1 2024, affected by ongoing regional geopolitical conflicts and FX devaluations.
At constant currency rates, Group revenue declined by 3%, EBITDA increased by 1% and net profit increased by 1%.
Majid Al Futtaim – Properties recorded 9% ......read more
|
|
|
 Emirate will be a major sales hub in the region and potential future manufacturing base
ABU DHABI --- Aug., 27, 2024 – Loop Global Inc, a U.S.-based turnkey provider of EV charging solutions, announced the opening of its regional office in Abu Dhabi, which will showcase Loop’s innovative charging technology and serve as the base for sales and distribution in the broader region.
“Our aim is to be the UAE’s No. 1 EV ......read more
|
|
|
Abu Dhabi – 26 August 2024: Mubadala Investment Company (“Mubadala”), the Abu Dhabi based global investment company announced today that in partnership with CBC Group, Asia's largest healthcare-dedicated asset management group, it has acquired 100% ownership in the carve-out of UCB Pharma’s mature business in China.
UCB, a global biopharmaceutical company headquartered in Belgium, occupies a market-leading position ......read more
|
|
|
 Abu Dhabi, August 21, 2024: Mubadala Investment Company (“Mubadala”), the Abu Dhabi sovereign investor, today announced its investment in Yondr Group, a leading global hyperscale data center developer, alongside Apollo via an existing investment from Apollo-managed funds.
Yondr, headquartered in London, is a global developer, owner, and operator of hyperscale data centers. The company provides scalable data center infrastructure ......read more
|
|
|
ADNEC Centre Abu Dhabi has launched an AI-driven energy optimisation project to reduce greenhouse gas (GHG) emissions and operational costs.
Capital Events received re-certification for event sustainability management under ISO 20121, focusing on the TerraTile project for recycling event waste.
ADNEC hotels has implemented WasteMaster technology, processing approximately 4,000 kg of food waste daily to significantly reduce its carbon ......read more
|
|
|
Net income of AED 4.4 billion for H1 2024, a 12.3% increase on prior year, excluding one-off items
Revenue up 2% on same period last year to AED 27.2 billion.
Adjusted EBITDA 4% up on same period last year to AED 10.9 billion
Abu Dhabi, UAE – 14 August 2024: Abu Dhabi National Energy Company PJSC (“TAQA” or “the Group”), one of the largest listed integrated utilities companies in Europe, ......read more
|
|
|
Rising year-on-year consumption volumes driving increased profits and improved EBITDA
Company strengthens financial position through prudent capital allocation, including repurchasing of Sukuk and increasing cash dividends
Appointment of Dr. Bakheet Al Katheeri as Chairman, along with new Board member Mansoor Mohamed Al Hamed
Abu Dhabi, United Arab Emirates – 9 August 2024: Tabreed, the UAE’s ......read more
|
RSS Feed 
