BusinessLatest Business and Company Updates
Fuel pact bolsters UAE aviation resilience
UAE aviation fuel supply chains are set for tighter coordination after ENOC Group and Emirates Petroleum Company, Emarat, signed an agreement to build a joint business continuity planning framework for Jet A-1 operations.The memorandum of understanding is designed to protect fuel availability at key aviation hubs during operational disruption, supply
Region
StanChart gains Saudi fund mandate
Standard Chartered Capital Saudi Arabia has secured regulatory clearance to manage investments and operate funds in the kingdom, giving the London-listed banking group a wider platform in one of the Gulf’s fastest-expanding capital markets.The approval from the Capital Market Authority
Abu Dhabi strengthens energy pipe supply chain
Mubadala Investment Company and Tubacex Group have launched operations at their Abu Dhabi joint venture, bringing a specialised manufacturing platform for advanced Oil Country Tubular Goods into service as the UAE accelerates efforts to localise critical energy supply chains.The venture,
UAE builders retain financial cushion
UAE property developers are expected to keep construction programmes moving and meet debt obligations over the next 12 months, as strong cash reserves and positive operating cash flow provide a buffer against softer sales, wider payment plans and geopolitical uncertainty.
