Mubadala and Siemens Energy Signs Mou to Explore Green Hydrogen Sector

Mubadala Investment Company and Siemens Energy signed a Mou to explore investment and commercial opportunities in clean energy and green hydrogen, establishing Abu Dhabi as a global hub of low-carbon fuels..... Read more »

Posted on : 1/25/2021

Acwa Power Taps $125m Credit Facility from Apicorp

Saudi Arabian energy developer Acwa Power signed a 125 million dollar 5 year Sharia compliant corporate facility with multilateral lender Apicorp to support its growth plans..... Read more »

Posted on : 1/25/2021

UAE healthcare sector projected to rise to AED 39.4bn by 2025

Data from Euromonitor shows rising traction behind private investment, privatisation and preventive treatment as key drivers projected to propel this business development, together with increasing trust in UAE healthcare systems and technology..... Read more »

Posted on : 1/21/2021

Abu Dhabi based ADQ to invest $75 mn in Biocon Biologics

Biopharmaceutical Giant Biocon said that a capital injection of $75 million from Abu Dhabi-based ADQ was authorised by the Board of its subsidiary Biocon Biologics..... Read more »

Posted on : 1/19/2021

Bahrain's Naseej, Ithmaar plan $105m residential project

The residential project in the northen governorate of Barbar will spread over an area of approximately 150,000m2..... Read more »

Posted on : 1/15/2021

Sharjah National Oil Corporation to Introduce Gas Storage Project

The Sharjah National Oil Corporation (SNOC) has announced the launch of its new gas storage project. This follows a small-scale pilot phase using the existing infrastructure that has been in operation since the beginning of 2017..... Read more »

Posted on : 1/15/2021

Enoc Group UAE Opens New Service Station

The Enoc Group has opened a new service station in Umm Al Quwain to supply fuel to vehicles crossing the Sheik Mohammed bin Zayed Road from the Northern Emirates to Dubai and Abu Dhabi, bringing its total number of service stations in the UAE to 150..... Read more »

Posted on : 1/15/2021

Corrugated Board Packaging having lucrative opportunity in UAE

The increasing popularity of the e-commerce sector in the country paves the way for corrugated packaging. According to Visa, e-commerce transactions in the United Arab Emirates amounted to USD 16 billion in 2019. The United Arab Emirates also represents the highest annual expenditure per online shopper in the MENA region at USD 1.648..... Read more »

Posted on : 12/23/2020

The first practical 3D-printed house constructed by Sharjah

Sharjah Research, Technology and Innovation Park (SRTI Park) has declared that the first completely functional 3D-printed villa in the Middle East – called Sharjah 24 – has been built in its premises..... Read more »

Posted on : 12/23/2020

UAE and UK focusing on trade and investment ties

The Department for International Trade of the United Kingdom and the Ministry of Economy of the United Arab Emirates conducted their sixth Joint Economic Committee (JEC) in Dubai. The JEC was founded in April 2009 as part of a Memorandum of Understanding with the goal of reinforcing and improving bilateral cooperation between the two countries with a focus on trade and investment relations, creating opportunities and stimulating an exchange of technical know-how among our business communities. UK's largest trading partner in the Gulf, the United Arab Emirates, has a cumulative trade in goods and services between our countries of £17.8 billion in four quarters until Q2 2020..... Read more »

Posted on : 12/22/2020