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Greenlogue/AP Construction on the expansive NEOM green hydrogen development has passed the eighty-percent mark at the outset of the first quarter of 2025, the NEOM Green Hydrogen Company has confirmed. This achievement spans the green hydrogen plant itself, the wind garden, the solar farm and the transmission network. Equipment delivery and installation are progressing apace, with wind turbines, hydrogen storage vessels, electrolysers, a cold box and pipe […]

Abu Dhabi Global Market recorded more than 11,000 active licences and a striking 42 per cent rise in assets under management in the first half of 2025, underpinning its emergence as the Middle East and North Africa region’s leading international financial centre. ADGM Exceeds 11,000 Licences, AUM Surges 42 %.

The expansion sees ADGM surpass AED 500 billion in market capitalisation of its listed entities on the Abu Dhabi Securities Exchange, reflecting its pivotal role in strengthening the emirate’s non-oil economy, which grew to 9.1 per cent in the first quarter of 2025.

More than 2,970 firms—comprising 308 financial and 2,664 non-financial entities—are now operating from ADGM, marking a 42 per cent year-on-year increase. The centre issued 1,869 new licences during the period, the highest ever in a half-year span, up by 47 per cent from the previous year.

Asset management continued to thrive: ADGM is now home to 154 fund and asset managers overseeing 209 funds, driving AUM up by 42 per cent over the year to June 2025.

Powerful global partnerships fuelled the centre’s momentum. Fortress Investment Group set up an office in ADGM and joined a US$1 billion co-investment venture with Mubadala. Kimmeridge opened its ADGM branch and inked an MoU with Mubadala Energy to develop natural gas and LNG projects. Meanwhile, IHC, BlackRock and ADGM-based Lunate launched an AI-native reinsurance platform worth over US$1 billion. A private credit joint venture between Mubadala and Alpha Dhabi scaled to US$2.5 billion—all anchored at ADGM.

ADGM’s increasing workforce reflects its expanding influence: by end-June 2025, nearly 36,000 professionals were working across Al Maryah and Al Reem Islands.

ADGM’s achievements are underpinned by enhanced regulatory frameworks. The Financial Services Regulatory Authority issued 52 In-Principle Approvals and 45 new Financial Services Permissions. The Registration Authority implemented improvements such as the AccessRP digital platform for property interest verification, Commercial Permit Regulations to support non-financial businesses, and revised fees to simplify market entry. Mutual recognition of digital platforms with Astana International Financial Centre and a 223 per cent increase in supervision assessments further underscore ADGM’s commitment to governance and global alignment.

International engagement has also grown: ADGM participated in CityWeek 2025 in London, held roadshows in China and Japan, and concluded MoUs with regulators in Azerbaijan, Bhutan, Hong Kong and Sweden. These moves have promoted cross-border regulatory collaboration, innovation in capital markets, and sustainable finance initiatives.

NMDC Group PJSC and ADNOC Logistics and Services Plc forged a three-year agreement today to assess joint delivery of maritime services for offshore projects, reinforcing their partnership in Abu Dhabi’s energy infrastructure.

The agreement, signed by Engineer Yasser Zaghloul, Group Chief Executive of NMDC Group, and Captain Abdulkareem Al Masabi, Chief Executive of ADNOC L&S, at NMDC’s headquarters, lays the groundwork for a stronger framework for offshore EPC collaboration. It covers marine services and integrated logistics, signalling both organisations’ dedication to supporting the emirate’s offshore energy operations. This expanded collaboration reaffirms the offshore maritime services pact strengthening cooperation between the two groups.

Zaghloul highlighted NMDC Group’s five decades of expertise in multi-sector marine engineering, procurement, construction delivery and complex project logistics. He underscored that the launch of NMDC LTS, the group’s latest business unit, allows the market to leverage these capabilities. He praised ADNOC L&S for its leadership in offshore energy support and hydrocarbon logistics, pointing out that both entities operate some of the region’s largest marine fleets. He said the pact would “ensure a robust framework between our two powerhouse organisations” to drive synergies, market differentiation and value growth, ultimately fortifying the industrial marine sector in Abu Dhabi and beyond.

Captain Al Masabi said the collaboration aligns with ADNOC L&S’s long-term ambition to deliver top-tier, integrated logistics that underpin the UAE’s offshore energy expansion. He commented that combining strengths with NMDC would unlock new opportunities, deliver value to ADNOC, its shareholders and clients, and support the UAE’s broader economic development.

Splash247 noted that the pact establishes an “expanded framework for continued collaboration on offshore EPC projects in Abu Dhabi,” emphasising its role in promoting synergies and value growth. It also highlighted ADNOC L&S’s aim to enhance performance through such partnerships.

This development follows earlier significant milestones and investments by NMDC that demonstrate its pivotal role in regional marine and energy infrastructure. In 2024, NMDC secured a contract worth more than US$200 million from ADNOC for marine dredging works in the Ruwais LNG Project, involving removal of approximately 15 million cubic-metres across a five-kilometre channel and installation of navigational aids. NMDC also launched the NMDC LTS unit as part of efforts to diversify into logistics and technical services, reinforcing its leadership in the UAE’s marine EPC, dredging, and logistics sectors.

Greenlogue/AP Sobha Realty has achieved a milestone with its largest-ever issuance of a $750 million green sukuk, marking the highest such issuance by any real estate developer globally. The five-year Islamic bond, issued under a $1.5 billion Trust Certificate Issuance Programme, attracted orders worth approximately $2.1 billion—nearly 2.8 times the issue size—allowing pricing to tighten by 50 basis points from initial guidance. The sukuk carries a profit […]

Poland activated air defences and scrambled fighter jets after drones from Russia crossed into its airspace during overnight strikes on Ukraine, with the military confirming it used weapons to neutralise targets. The Operational Command said Polish airspace was “repeatedly violated by drone-type objects” and described an ongoing operation to identify and destroy them. Authorities placed ground-based systems and radar on maximum alert while Polish and allied aircraft […]

Walmart will open its first branded stores in South Africa before the end of 2025, presenting a direct entry under its own name into the African retail market. This move situates it alongside established domestic chains such as Shoprite, Woolworths and Pick n Pay, and brings it into head-to-head competition with e-commerce platforms like Amazon and Takealot. com. This expansion marks a clear shift in Walmart’s strategy: […]

Khadga Prasad Sharma Oli offered his resignation on Tuesday following widespread demonstrations that saw the federal parliament building, Supreme Court and leaders’ residences torched, underlining the depth of public fury over corruption and the ban on social media. Protests erupted across Nepal amid anger at the shutdown of platforms such as Facebook, X, YouTube and others for failing to register with the government—a move widely perceived as […]

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Microsoft has released the source code for its 6502-based BASIC interpreter—BASIC for 6502 Microprocessor Version 1.1—under the MIT licence, inviting developers, historians and retro-enthusiasts to explore one of the earliest instances of personal computer software. The 6,955 lines of assembly code, originally written by Bill Gates and Ric Weiland in 1976 and later refined in 1978 with garbage-collector fixes by John Feagans and Gates, can now be […]

Protesters breached Nepal’s federal parliament complex in Kathmandu and set parts of the building on fire on Tuesday, escalating a youth-led movement that has convulsed the country and prompted the prime minister’s resignation. Authorities confirmed fatalities and hundreds of injuries over two days of clashes that centred on the New Baneshwar area housing the legislature. The death toll rose to 19 after security forces used live ammunition, […]

Plex has warned its users about a serious security lapse following unauthorised access to a database containing scrambled passwords and authentication details, urging swift action to protect accounts. A database breach exposed a confined set of user data, including email addresses, usernames, and securely hashed passwords, along with authentication information. Plex assures that no credit card or payment data were compromised, as such information is not stored […]

The UAE achieved 3.9 per cent real GDP growth in the first quarter of 2025, reaching AED 455 billion compared with the same quarter a year earlier. Non-oil activity expanded 5.3 per cent to AED 352 billion, with oil-related sectors accounting for 22.7 per cent of total output. Remarkably, non-oil industries contributed a record 77.3 per cent to GDP—a record non-oil contribution to GDP for the UAE. […]

The GCC Financial Markets Committee has unveiled the GCC Exchanges Unified Investor Relations Guideline 2025, aimed at elevating transparency and investor confidence across Gulf capital markets. Chaired by the Saudi Exchange, the framework aligns investor-relations practices with global norms while sharpening communication standards and disclosure protocols throughout the region. Member exchanges—including the Abu Dhabi Securities Exchange Group, Dubai Financial Market, Bahrain Bourse, Muscat Stock Exchange, Qatar Stock […]

Ethiopia has officially inaugurated the Grand Ethiopian Renaissance Dam, now Africa’s largest hydroelectric facility, signalling both a landmark in national development and renewed geopolitical strain along the Nile. The $5 billion project, capable of generating up to 5,150 MW, has launched with two turbines delivering about 750 MW, with full capacity yet to come online. The dam’s reservoir, now named Nigat Lake—meaning “Lake of Dawn”—floods an area […]

MGM Resorts International has secured financing for MGM Osaka, paving the way for Japan’s inaugural integrated resort with a casino to open by autumn 2030. The company confirmed equity backing of JPY 380 billion, with about US$300 million slated for investment in 2025 and US$500–600 million per annum thereafter, with debt financing to follow in later stages. Located on Yumeshima—an artificial island in Osaka Bay currently hosting […]

Grovy Developers has unveiled plans to present its newest luxury project at the International Real Estate & Investment Show, to be held at the Abu Dhabi National Exhibition Centre from 12 to 14 September. At the event, Grovy Developers Spotlights Smart-Tech Real Estate will detail investment opportunities in the increasingly vibrant UAE property sector, with Abhishek Jalan, chief executive, offering insights into real estate’s financial appeal amid […]

A Delhi court barred several journalists and activists from publishing or circulating unverified, allegedly defamatory material about Adani Enterprises Ltd, also ordering the removal of existing posts within strict timeframes while safeguarding fair reporting—Adani Enterprises Secures Ex Parte Injunction Against Journalists, Activists.

A bench presided over by Senior Civil Judge Anuj Kumar Singh passed an ex parte interim order on Saturday, 6 September 2025, directing defendants—including Paranjoy Guha Thakurta, Ravi Nair, Abir Dasgupta, Ayaskanta Das, Ayush Joshi and certain organisations—to expunge allegedly defamatory material from their websites, articles and social media posts. If the removal by the authors proved infeasible, intermediaries were instructed to disable access within 36 hours pursuant to the Information Technology Rules. The order also restrained publication or dissemination of further unverified content until the next hearing on 9 October 2025.

The court accepted AEL’s submission that coordinated publications on platforms such as paranjoy. in, adaniwatch. org and adanifiles. com. au had inflicted serious reputational damage, financial losses to stakeholders and harm to India’s global brand equity, further alleging alignment with “anti-India interests” that disrupted critical infrastructure and energy projects, including Australian operations. Citing the Hindenburg Research report of 2023, which had alleged massive stock manipulation and accounting fraud causing a collapse in market value, AEL argued the repeated references by defendants exacerbated investor anxiety and project delays.

Judge Singh ruled the plaintiff had satisfied the conventional three-part test for interim relief—presenting a prima facie case, showing balance of convenience in its favour and establishing risk of irreparable harm. At the same time, he acknowledged constitutional free-speech guarantees, declining to impose a blanket ban on fair, verified, and substantiated reporting, thus maintaining space for responsible journalism.

AEL’s counsel, Advocate Vijay Aggarwal, emphasised that unrestrained publication of malicious allegations risked undermining investor confidence, delaying infrastructure timelines, and tarnishing both the firm’s and the nation’s image. The court responded by allowing AEL to flag further problematic links for takedown, while intermediaries such as Google, YouTube and X were enjoined to act swiftly on notifications.

The order, codenamed CS SCJ 1066/2025, also stipulates procedural directives for service of summons via post, email and WhatsApp, with the next hearing scheduled for 9 October 2025.

By Nitya Chakraborty Is the Prime Minister Narendra Modi retracting from his commitment to the SCO declaration issued on September 1 and the BRICS statement of July 6 this year to send some sort of signals to US President Donald Trump about restoring reciprocity in the India-US relations? The question is very relevant as one […]

PubMatic has taken legal action against Google, not merely to secure compensation but to affirm that bold vision for digital advertising’s open, idea-driven future depends on innovation and trust, not coercion. The company’s co-founder and chief executive, Rajeev Goel, emphasised that the industry’s direction should be determined by the strength of ideas and the trust earned—not by dominance or pressure, as articulated in its lawsuit filed on 8 September. This step comes in response to a US District Court decision earlier this year that found Google guilty of maintaining monopolistic control over ad exchanges and ad servers. PubMatic claims that Google’s “First Look” and “Last Look” mechanisms, along with unified pricing rules, have systematically disadvantaged competitors and undermined fair competition in the digital ad space.

The lawsuit seeks substantial damages—potentially amounting to billions of dollars—and aims to restore fairness and transparency across the advertising ecosystem. PubMatic assures that this legal pursuit will not disrupt its daily operations or affect its clients’ experience; instead, it is designed to establish a more equitable long-term operating environment. This strategic move aligns with PubMatic’s broader mission to champion an open internet, where publishers and advertisers can thrive on merit and innovation rather than power imbalances.

PubMatic’s broader response builds on its narrative that competition—not coercion—should shape industry evolution. Goel’s message is deliberate: bold vision for digital advertising’s open, idea-driven future must be realised through trust and ingenuity. The company underscores its investment in private cloud infrastructure across 12 data centres, processing billions of ad impressions daily, as a foundation for transparent, high-performance systems. It also highlights its growing suite of solutions—including OpenWrap, Identity Hub, and header-bidding technologies—aimed at supporting omnichannel monetisation across mobile, OTT, and connected TV environments, and enabling publishers to manage identity and addressability in a privacy-safe manner.

Goel contextualised the firm’s challenge and growth: despite doubling its market share—from 2 per cent to 4 per cent over five years—PubMatic has achieved this only in a market tilted by Google’s dominance. This underscores the urgency behind its legal strategy and its long-term vision: an ad tech ecosystem driven by ideas and innovation.

This development echoes broader industry shifts. The Department of Justice’s antitrust ruling earlier in 2025 laid legal groundwork, but did not provide avenues for redress to harmed parties. PubMatic’s lawsuit now fills this gap, seeking tangible accountability and a fairer competitive landscape. As digital advertising increasingly depends on AI-powered tools, independent supply-side platforms like PubMatic are positioning themselves to lead innovation—provided they can operate on a level playing field.

Gold in Dubai opened trading on Tuesday with the 22K grade touching Dh408 per gram, setting a fresh all-time high and elevating investor and shopper concerns alike. The 24K variety climbed to Dh440.5, while 21K inched ever closer to the key Dh400 level, trading at Dh391.0 per gram.

Global and regional market dynamics are fueling this surge. The international spot price of gold has consistently pushed new heights, recently nearing $3,600 per ounce, with August seeing an approximate 31 per cent year-to-date gain. In part, this reflects growing expectations of US Federal Reserve rate cuts, which traditionally support gold’s safe-haven appeal.

Experts caution that the Dh408 per gram summit for 22K gold may not mark a plateau. Elevated global demand, festival-season jewellery purchases, and sustained investor appetite are converging. Yet there is also speculation about a pullback. Some analysts interpret current levels as ripe for partial profit-taking, while others expect continued momentum if support holds.

The 상승 in gold prices is reshaping shopper sentiment. With Dubai gold surges; 22K at Dh408 now firmly established, affordability becomes a pressing issue for consumers, particularly those buying for weddings, gifts, or as long-term stores of value. Jewellery retailers, in turn, are adapting by promoting lighter ornament designs and gold savings schemes to manage demand amid elevated prices.

Buyers may face a strategic dilemma: delay purchases in hopes of a correction, or lock in gold at historically high prices before potential further rises. The combination of geopolitical tensions, inflationary pressures, and currency fluctuations continues to bolster gold’s attractiveness.

As the UAE moves deeper into its peak gold-buying season, Dubai gold surges; 22K at Dh408 encapsulates the shifting dynamics at play: strong upward trajectory, global economic tension, and consumer caution all intersecting in a market where every dirham counts.

Passenger traffic at airports across the UAE surpassed one billion between 2015 and 2024, with aircraft movements exceeding 6.4 million during the same interval, driven by strategic planning and expansion across the aviation sector, the Federal Competitiveness and Statistics Centre reported. The country also emerged as the global leader in air transport quality and ranked among the top ten worldwide across five additional air performance indicators, underlining its position as a premier aviation hub.

Data from the Centre reveal that annual passenger numbers climbed from 114.8 million in 2015 to 147.8 million in 2024, marking the underlying foundation for cumulative traffic exceeding one billion passengers. Meanwhile, aircraft movements rose sharply, culminating in more than 800,000 operations in 2024 and taking the ten-year total past 6.4 million flights.

These gains coincide with the UAE’s top global ranking in air transport quality and inclusion among the top ten in five further air-related indicators, as noted in the Centre’s analysis.

The escalation of aviation activity reflects the UAE’s broader aviation transformation. The General Civil Aviation Authority emphasises that the UAE now operates a dense, globally connected network, with twelve certified airports, 100 heliports, and a web of bilateral air agreements linking to over 300 destinations worldwide. In 2024 alone, the UAE recorded over one million air traffic movements and continued to lead globally in international passenger traffic and seat capacity.

Dubai International Airport remained the busiest airport globally for international passengers in 2024, registering more than 92 million passengers and 440,000 aircraft movements, and handling 2.2 million tonnes of cargo.

Abu Dhabi’s Zayed International Airport, renamed in February 2024, handled nearly 29.5 million passengers and recorded 249,747 aircraft movements, reinforcing the dominance of UAE airports in the regional aviation landscape.

These milestones underscore how UAE aviation achieves unprecedented growth, advancing capacity, connectivity and performance standards to global leadership.

The Federal Competitiveness and Statistics Centre attributes these successes to forward-looking directives and investment, positioning the aviation sector as a cornerstone of economic sustainability. The enhancements bolster not only passenger and cargo mobility but also broader economic diversification goals, tourism development, and the UAE’s growing prominence as a global transport hub.

Alan Faena has unveiled his third namesake hotel in Manhattan, injecting bold theatricality and exuberance into the Chelsea skyline. Faena New York officially opened on 9 September 2025 at 500 West 18th Street, adjacent to the High Line. The lobby—described by the hotelier as “a cathedral”—features a vast mural by Diego Gravinese depicting a mythical Colossal Woman emerging from an ocean vortex, alongside a glowing gold-leaf spiral […]

DAKAR — Senegal now anticipates production from the Sangomar offshore oil field to reach 34.5 million barrels in 2025, up from an earlier projection of 30.53 million, the energy ministry announced. The upgraded outlook reflects stronger-than-expected performance through August, with more than 24 million barrels already produced. Senegal elevates Sangomar output forecast for 2025 marks a significant upward adjustment for the project’s full-year trajectory. Following the start […]

Kenya Tourism Board has entered a strategic alliance with Visa that marks a bold new chapter for the nation’s tourism sector. The agreement gives the board access to Visa’s Government Insights Hub—a data analytics platform offering detailed information on travel patterns, spending behaviour, peak seasons and regional preferences. This will support sharper marketing efforts, more efficient payment systems and increased cross-border and domestic travel expenditure. The campaign’s […]

Dubai South has opened the Dubai South Business Hub, a digital-first free zone hub enabling entrepreneurs, SMEs and global firms to launch businesses online with same-day licensing, visa and compliance processing. The initiative combines end-to-end digital procedures, one-click services and personalised support to redefine company formation in Dubai. The platform enables business setup entirely through a secure portal, where founders can apply for licences, renew them, manage […]

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