BusinessLatest Business and Company Updates
ADNOC and PETRONAS Sign Long-Term LNG Deal for Ruwais Project
A significant step in global energy cooperation has been marked by a 15-year sales and purchase agreement between ADNOC, Abu Dhabi's state-owned energy company, and PETRONAS, Malaysia's national oil and gas corporation. This strategic partnership focuses on liquefied natural gas (LNG) supplies from the Ruwais LNG project, with deliveries slated
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ADNOC Drilling and Alpha Dhabi JV Expands Stake in Gordon Technologies
A joint venture between ADNOC Drilling and Alpha Dhabi has secured an expanded stake in Gordon Technologies, marking a significant development in the energy sector. This acquisition comes as part of an ongoing effort to enhance the technological capabilities of
Al Mal Capital REIT unveils AED 242 million equity boost
Al Mal Capital REIT, listed on Dubai Financial Market, is launching a follow‑on public offering to raise up to AED 242 million by issuing as many as 220 million new units at AED 1.10 per unit, subject to Securities and Commodities Authority approval. The subscription period
TECOM Group Announces $93M Investment in Dubai’s Innovation Hub Expansion
TECOM Group, a key player in Dubai's commercial real estate sector, has committed $93 million to expand its portfolio by developing Grade A office spaces in the new Phase 3 of the Innovation Hub. This project is part of TECOM’s
