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The cryptocurrency market of 2025 is witnessing a surge in presale activities, with two projects, PEPETO and Solaxy, capturing significant attention. PEPETO, an Ethereum-based memecoin, has achieved a remarkable milestone by surpassing $5 million in its presale phase, indicating robust investor interest. In contrast, Solaxy, a Layer 2 blockchain solution enhancing Solana and Ethereum compatibility, is nearing the completion of its presale, aiming to address scalability issues within these networks.

PEPETO’s success can be attributed to its unique features that resonate with the crypto community. The project offers a zero-fee trading platform, a cross-chain bridge facilitating seamless transactions across multiple blockchains, and a staking mechanism with an annual percentage yield of 348%. These incentives have led to over 24 trillion tokens being staked, representing approximately 5% of the total supply. The project’s emphasis on usability and accessibility has fostered a strong grassroots following, distinguishing it from other memecoins that rely heavily on influencer-driven hype.

Solaxy, on the other hand, focuses on enhancing blockchain efficiency by providing a scalable Layer 2 solution compatible with both Solana and Ethereum networks. The project has allocated 30% of its total SOLX supply for ongoing development and 10% for liquidity upon listing on decentralized and centralized exchanges. Additionally, Solaxy offers a staking yield of up to 214%, appealing to investors seeking passive income opportunities. The project’s recent audit by Coinsult has reinforced trust in its smart contract infrastructure, positioning it as a promising player in the Layer 2 blockchain sector.

The U.S. Securities and Exchange Commission has initiated the review process for several proposals to establish exchange-traded funds directly tracking the performance of XRP, the digital asset associated with Ripple Labs. This development marks a significant milestone in the cryptocurrency sector, as it could lead to the introduction of the first spot XRP ETFs in the United States.

The SEC’s formal acknowledgment of these filings triggers a statutory period during which the Commission must evaluate the proposals and make a determination. This period includes opportunities for public comment and may involve multiple extensions as the SEC deliberates on the potential approval of these financial products.

Proponents of the spot XRP ETFs argue that such investment vehicles would provide institutional and retail investors with a regulated and accessible means to gain exposure to XRP without the complexities of direct cryptocurrency ownership. They contend that ETFs could enhance liquidity, reduce volatility, and promote greater transparency within the XRP market.

However, the SEC has historically exercised caution regarding cryptocurrency-based ETFs, primarily due to concerns about market manipulation, custody issues, and the overall regulatory framework governing digital assets. The Commission’s scrutiny of these factors will play a crucial role in its decision-making process concerning the spot XRP ETF proposals.

The cryptocurrency market is witnessing significant activity as Shiba Inu reports a 588% surge in its token burn rate, coinciding with XYZVerse’s initiative to eliminate one billion of its own tokens. These substantial reductions in token supplies have ignited discussions about potential supply shocks and their implications for market dynamics.

Shiba Inu’s recent increase in burn rate has led to the destruction of over 15 million SHIB tokens in a single transaction, with a total of approximately 81.9 million tokens burned over the past week. This aggressive reduction strategy aims to decrease the circulating supply, potentially enhancing the token’s value by increasing scarcity.

In parallel, XYZVerse has announced a strategic move to burn one billion of its tokens. This decision reflects a growing trend among cryptocurrency projects to implement token burns as a mechanism to manage supply and influence market value. The combined effect of these burn initiatives by SHIB and XYZVerse has prompted analysts to consider the possibility of a supply shock, which could lead to increased demand and potential price appreciation for the remaining tokens.

Despite these developments, Ethereum , the second-largest cryptocurrency by market capitalization, continues to experience subdued trading activity. ETH has been consolidating above the key $2,500 support level, reflecting market indecision and low trading volumes. This sideways movement indicates an equilibrium state, with buyers and sellers awaiting a decisive breakout to determine the next trend.

Market analysts suggest that Ethereum’s current consolidation phase is a classic example of market indecision. The two-week-long price range has resulted in liquidity being stacked on both sides of the market, with participants awaiting a clear directional move. A breakout above the $2,800 resistance level could signal renewed bullish interest, while a breakdown below $2,640 may indicate further bearish momentum.

Adding to the complexity, the balance of Ether on exchanges has reached record lows, with over $1 billion worth of ETH exiting trading platforms within a 24-hour period. This trend suggests increased accumulation by investors, potentially supporting a price recovery. However, the overall market sentiment remains cautious, as participants assess the broader economic landscape and its impact on cryptocurrency valuations.

Rabdan Academy, a prominent institution specializing in safety, security, defence, emergency preparedness, and crisis management, has formalized a training agreement with INTERPOL. This collaboration aims to bolster cooperation in research, training, and the exchange of expertise between the two entities.

With the signing of this agreement, Rabdan Academy officially joins the INTERPOL Global Academy Network, a consortium dedicated to elevating training standards for law enforcement agencies worldwide through collaborative efforts and knowledge sharing among leading institutions.

The partnership outlines a framework for both organizations to identify and develop joint training activities and projects. These initiatives will encompass courses, seminars, conferences, curricula development, study tours, and train-the-trainer programs, all designed to enhance the capabilities of law enforcement personnel globally.

His Excellency James Anthony Morse, President of Rabdan Academy, emphasized the strategic importance of this alliance, stating that it aligns with the Academy’s mission to develop specialized skills and capabilities in relevant fields. He highlighted that collaboration with key international and local partners is essential for achieving this goal.

INTERPOL’s Secretary General, His Excellency Valdecy Urquiza, underscored the value of partnering with esteemed academic institutions like Rabdan Academy. He noted that such collaborations are vital for developing comprehensive global training methodologies and standards for law enforcement, benefiting INTERPOL’s member countries and enhancing the effectiveness of the Global Academy Network.

The agreement includes commitments to jointly develop training materials and curricula, exchange academic and training resources, and share expertise and faculty members. This cooperative approach aims to create robust training opportunities and foster applied research on topics pertinent to law enforcement.

Students at Rabdan Academy will gain access to courses and training tools from the INTERPOL Virtual Academy, enriching their proficiency in international policing. Additionally, Rabdan Academy’s training programs will receive accreditation from INTERPOL, ensuring they meet global standards of excellence.

This partnership was formalized during the International Defence Exhibition 2025, where Rabdan Academy is actively participating as an exhibitor. IDEX 2025 serves as a platform for showcasing the latest advancements in defence technology and fostering collaborations among global security stakeholders.

Rabdan Academy’s involvement in IDEX 2025 underscores its commitment to shaping the future of defence and security. The Academy is showcasing its specialized programs in safety, security, and crisis management, highlighting its role as a hub of expertise that brings together policymakers, defence leaders, and global experts to address evolving security challenges.

In addition to its partnership with INTERPOL, Rabdan Academy is set to announce new global collaborations aimed at strengthening its leadership in security and defence education. These initiatives reflect the Academy’s dedication to fostering expertise and cooperation to enhance global security efforts.

The INTERPOL Global Academy Network, established in 2019, is a collective of trusted law enforcement education institutions committed to providing a unified approach to law enforcement training. Rabdan Academy’s inclusion in this network signifies a significant step toward enhancing the quality and reach of specialized training programs for law enforcement professionals worldwide.

Through this partnership, both Rabdan Academy and INTERPOL aim to address contemporary challenges in law enforcement by leveraging their combined expertise and resources. The collaborative efforts are expected to result in the development of innovative training solutions that are responsive to the dynamic nature of global security threats.

As part of the agreement, there will be a concerted focus on applied research, enabling both institutions to contribute to the body of knowledge in law enforcement practices. This research component is poised to inform policy decisions and operational strategies, thereby enhancing the effectiveness of law enforcement agencies across different jurisdictions.

Dubai is set to experience significant traffic disruptions this weekend as the 15th Spinneys Dubai 92 Cycle Challenge takes place, necessitating extensive road closures across the emirate. Motorists are advised to plan their journeys carefully to avoid affected areas and minimise delays. On Saturday, 22 February, from 6:15 am to 9:30 am, Zayed Bin Hamdan Al Nahyan Street will be inaccessible in both directions near Expo City […]

Ethereum is currently trading at $2,749.45, reflecting a modest increase of 0.36% over the past 24 hours. This performance is underpinned by a confluence of technical indicators and burgeoning institutional interest, suggesting a potential rally toward the $3,000 mark.

Technical analysis indicates that Ethereum’s price is approaching a critical resistance level at $2,800. A decisive break above this threshold could pave the way for further gains, with analysts projecting potential targets of $3,000 and beyond. Conversely, failure to surpass this resistance may result in a consolidation phase or a retracement toward support levels around $2,600.

Institutional adoption of Ethereum has been accelerating, contributing to its upward trajectory. The approval and subsequent inflows into Ethereum-based exchange-traded funds have played a pivotal role in this trend. Notably, Ethereum ETFs have experienced 17 consecutive days of inflows, now holding a record high of 3.5 million units. This surge in institutional investment underscores the growing confidence in Ethereum’s long-term value proposition.

The recent inauguration of a pro-crypto administration in the United States has further bolstered market sentiment. Analysts anticipate that the new regulatory environment will be more conducive to cryptocurrency innovation and adoption. The potential for clearer guidelines and supportive policies is expected to attract additional institutional participants to the Ethereum ecosystem.

Ethereum’s network fundamentals remain robust. The number of validators on the network has increased by over 30% in the past year, driven by the introduction of staking and liquid staking mechanisms. These developments enhance the network’s security and appeal to institutional investors seeking yield-generating opportunities.

World Liberty Financial, the cryptocurrency venture backed by U.S. President Donald Trump, has made a significant investment in the decentralized finance sector by purchasing 547,990 SEI tokens for $125,000 USDC. This strategic move has led to a notable increase in SEI’s market value, reflecting the growing influence of institutional investments in the cryptocurrency landscape.

The acquisition, executed on February 20, 2025, saw World Liberty Financial acquiring SEI tokens at an average price of $0.228 per token. This transaction was conducted on the Ethereum network, underscoring the platform’s continued prominence in facilitating significant cryptocurrency trades. Following the purchase, SEI’s price experienced an immediate surge, climbing approximately 12% to reach $0.24. This uptick highlights the market’s responsiveness to substantial investments from prominent entities.

World Liberty Financial’s portfolio, now valued at $117.052 million, reflects a 6.439% decrease in profit and loss, amounting to a $56.522 million loss. Despite this downturn, the firm continues to diversify its holdings, with recent acquisitions including 52.07 Wrapped Bitcoin worth $5 million and 2.53 million MOVE tokens valued at $1.14 million. These investments align with the company’s broader strategy to strengthen its position within the DeFi sector.

In addition to World Liberty Financial’s activities, notable movements have been observed among cryptocurrency whales. Two newly created multi-signature wallets, linked to the same creator, have collectively spent $20 million USDC to acquire 400 million WLFI tokens over the past two days. This substantial accumulation indicates a growing confidence among large-scale investors in the potential of WLFI tokens.

The SEI token, designed to enhance decentralized trading experiences, has garnered increased attention due to these high-profile investments. Market analysts suggest that such institutional interest could signal the onset of a bullish trend for SEI, as well as for the broader DeFi ecosystem. The infusion of capital from entities like World Liberty Financial is perceived as a vote of confidence in the viability and future growth of decentralized financial platforms.

World Liberty Financial’s strategic moves are not occurring in isolation. The cryptocurrency market as a whole has been experiencing a resurgence, with various tokens witnessing upward trajectories. The involvement of influential figures and substantial financial commitments are contributing to a renewed optimism within the crypto community.

However, these developments also prompt discussions about the potential implications of such concentrated investments. While the immediate market reactions are positive, questions arise regarding the long-term effects on market stability and the decentralization ethos that underpins the cryptocurrency space. The actions of large entities can significantly sway token valuations, which may lead to increased volatility and influence over decentralized networks.

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Cardano’s native cryptocurrency, ADA, is exhibiting signs of a potential upward movement, as technical indicators suggest a bullish trend may be on the horizon. Currently trading at $0.803822, ADA remains significantly below its all-time high of $3.09.

Technical analysis reveals the formation of a symmetrical triangle pattern on ADA’s price chart. This pattern, characterized by converging trendlines, often precedes a breakout in either direction. Market analysts note that a decisive move above the upper trendline could signal a substantial price increase, while a drop below the lower trendline might indicate further declines.

The cryptocurrency market has experienced heightened volatility, with ADA’s price fluctuating between an intraday high of $0.810912 and a low of $0.776547. This volatility underscores the importance of closely monitoring market trends and technical indicators.

PACT Protocol has officially launched on the Aptos Network, introducing over $1 billion in on-chain assets to the high-performance blockchain. This strategic move, following nine months of collaboration with the Aptos Foundation, aims to enhance financial inclusion by providing fully on-chain lending and securitization infrastructure for licensed lenders in emerging markets.

The integration enables lenders to originate, securitize, and service loans more efficiently, fostering a transparent and scalable financial environment for borrowers, originators, and institutional investors. As the inaugural participant in the Aptos Foundation’s incubation pilot, PACT Protocol benefits from strategic and technical support provided by Aptos Labs.

On-chain credit infrastructure is revolutionizing global finance, particularly in regions where traditional banking services are inaccessible to approximately 85% of the population. By leveraging Aptos’ sub-second finality and minimal transaction fees, PACT aims to reduce borrowing costs and expand credit access in underserved communities worldwide.

Ash Pampati, Head of Ecosystem at Aptos, expressed enthusiasm about the partnership, stating that it expands financial access to users in emerging markets globally. Solomon Tesfaye, Head of Capital Markets at Aptos Labs, highlighted that PACT’s integration offers a transparent and scalable solution, reducing costs and broadening credit opportunities for underserved communities.

PACT Protocol selected Aptos for its institutional-grade infrastructure, scalability, and adoption within the financial sector. The network’s support for native USDC and USDT, along with its capacity to handle high transaction volumes at low costs, ensures seamless credit flows while maintaining security and reliability through its Move programming language.

MANSA, a fintech company specializing in cross-border payment solutions, has secured $10 million in funding to address liquidity challenges in global transactions. The funding round was led by Tether, the issuer of the stablecoin USDT, with participation from Polymorphic Capital, Octerra Capital, Faculty Group, and Trive Digital.

The investment comprises a $3 million pre-seed round and an additional $7 million in liquidity funding from institutional investors, including corporate backers and quantitative funds. MANSA plans to utilize these funds to expand its operations into Latin America and Southeast Asia, regions that often face liquidity constraints in cross-border payments.

Co-founded by CEO Mouloukou Sanoh and Nkiru Uwaje, MANSA aims to revolutionize global payments by integrating blockchain technology to facilitate real-time, on-chain transactions. This approach seeks to make cross-border payments faster, more efficient, and cost-effective, thereby eliminating the limitations of traditional financial systems.

“Securing $10 million in pre-seed and liquidity funding marks a significant milestone in our mission to transform the way money moves,” said Sanoh. “By bringing payments on-chain and leveraging efficient liquidity solutions, we are addressing critical challenges in cross-border transactions—making payments faster, cheaper, and more reliable worldwide.”

Paolo Ardoino, CEO of Tether, expressed support for MANSA’s objectives, stating, “MANSA’s vision for addressing liquidity challenges in cross-border payments aligns with our mission to create a more efficient and inclusive financial system. By leveraging USDT for real-time settlements and instant payouts, MANSA is solving critical pain points for payment companies operating in emerging markets.”

Since its launch in August 2024, MANSA’s stablecoin-based payment solution has processed over $27 million in transaction volume on-chain, with nearly $11 million in January 2025 alone. This growth underscores the increasing demand for efficient and reliable cross-border payment solutions.

The company’s expansion into Latin America and Southeast Asia is poised to provide businesses and individuals in these regions with access to faster and more affordable payment options. By scaling its liquidity infrastructure and developing strategic partnerships with financial institutions and payment providers, MANSA aims to bridge existing gaps in the global payment landscape.

In addition to its technological advancements, MANSA is committed to financial inclusion and innovation. The company’s solutions are designed to address global liquidity shortages, offering a more accessible way for businesses and individuals to transact across borders. This approach is particularly beneficial in emerging markets, where traditional financial systems often fall short in meeting the needs of the population.

The use of stablecoins in cross-border transactions offers several advantages, including reduced settlement delays and lower transaction costs. By transacting on-chain, businesses can conduct seamless cross-border payments without the inefficiencies associated with traditional financial systems. This method also provides a viable alternative for import-heavy economies facing shortages of fiat currencies, enabling businesses to access digital dollars at scale and bypass local currency restrictions and capital controls.

Cactus Custody, a prominent provider of institutional digital asset custody solutions, has achieved the SOC 1 Type 1 certification following an independent audit conducted by Deloitte. This accomplishment underscores the company’s dedication to maintaining high operational control standards and delivering secure, compliant custody services.

The comprehensive audit by Deloitte evaluated various aspects of Cactus Custody’s operations, including client account onboarding, fiat and cryptocurrency transactions, and internal system processes. The assessment confirmed the robustness of the company’s financial processing capabilities, encompassing settlement procedures, reconciliation, account management, fee processing, asset valuation, reporting, and the secure management of cryptographic keys throughout their lifecycle across diverse custody storage methods.

Wendy Jiang, General Manager of Cactus Custody, emphasized the significance of this certification: “Achieving SOC 1 Type 1 certification underscores our commitment to robust governance, precise financial management, and secure custody. We prioritize the security of our clients’ assets and maintain strict internal controls to deliver top-tier service. Moving forward, we will promote compliance and transparency, striving to set higher benchmarks in the evolving crypto asset space to enhance trust and satisfaction among our clients.”

The SOC 1 Type 1 certification serves as a benchmark for evaluating the effectiveness of an organization’s internal controls over financial reporting. By obtaining this certification, Cactus Custody demonstrates its capability to safeguard client assets and ensure the accuracy of financial information, thereby reinforcing trust with its clientele.

In addition to the SOC 1 Type 1 certification, Cactus Custody has previously attained the SOC 2 Type 1 certification, also audited by Deloitte. The company is actively working towards achieving the SOC 1 Type 2 report within the current year. These ongoing efforts reflect Cactus Custody’s dedication to enhancing digital asset custody standards, promoting industry compliance, and providing transparent, secure custodial services through regular, independent audits.

Cactus Custody is recognized as a trusted institutional digital asset custodian, holding ISO certifications and a license in Hong Kong . The company has also received a temporary exemption from the Monetary Authority of Singapore . Adhering to strict capital reserve requirements and Anti-Money Laundering and Counter-Terrorism Financing regulations, Cactus Custody is committed to the principle of “Security First, Integrity Always,” aiming to simplify crypto asset management for its clients with professionalism and confidence.

The attainment of the SOC 1 Type 1 certification is a significant milestone for Cactus Custody, reflecting its unwavering commitment to operational excellence, financial accuracy, and the security of digital assets. As the digital asset landscape continues to evolve, such certifications play a crucial role in establishing and maintaining client trust, ensuring that service providers like Cactus Custody meet and exceed industry standards for security and compliance.

President Donald Trump is actively promoting U.S. liquefied natural gas exports to Asian nations, aiming to strengthen economic ties and reduce their dependence on Middle Eastern and Russian energy sources. In a strategic move, Trump and Japanese Prime Minister Shigeru Ishiba have discussed Japan’s potential involvement in an Alaskan LNG project, highlighting the benefits of a direct energy route that bypasses traditional, and often volatile, sea lanes.

The administration’s focus is not solely on Japan. Other Asian countries, including South Korea and Taiwan, are also considering increased imports of U.S. LNG. This initiative is designed to enhance energy security across the region and diminish the influence of China and Russia. Trump’s energy advisor, Doug Burgum, emphasized the strategic advantages of these partnerships, noting that they offer a more stable and secure energy supply chain for U.S. allies in Asia.

In line with this strategy, Sentinel Midstream is advancing its deepwater oil export project, Texas GulfLink. Located approximately 30.5 miles off the coast of Freeport, Texas, the facility aims to fully load supertankers with up to 2 million barrels of oil per day. This capability is currently unique to the Louisiana Offshore Oil Port. Sentinel’s CEO, Jeff Ballard, expressed optimism about the project’s progress, citing the administration’s expedited approval processes as a significant factor in moving forward.

Despite initial market fluctuations following discussions between Trump and Russian President Vladimir Putin regarding the Ukraine conflict, energy markets remain cautious. The anticipated peace has not materialized, and experts suggest that if a resolution were imminent, a more substantial decline in oil and gas prices would be evident. This uncertainty underscores the importance of diversifying energy sources and reducing reliance on regions prone to geopolitical tensions.

Taiwan’s National Security Council head, Joseph Wu, highlighted the robust support from the U.S., noting that Taiwan is exploring increased purchases of American LNG. This move aims to balance trade and address criticisms from Trump regarding trade imbalances and the semiconductor industry’s dynamics. Wu emphasized Taiwan’s transparency in international business and expressed interest in future Alaskan LNG productions due to their quality and logistical advantages.

Denmark’s Prime Minister, Mette Frederiksen, shared insights into a recent intense conversation with President Trump concerning his renewed interest in acquiring Greenland. This discussion has added complexity to U.S.-Denmark relations, especially in the context of global security challenges posed by nations like Russia, Iran, and North Korea. Frederiksen underscored the necessity for Europe to bolster its defense investments and the importance of U.S.-Europe cooperation in addressing these global threats.

Cheniere Energy, a leading U.S. LNG exporter, plans to expand its capacity under the current administration. CEO Jack Fusco announced intentions to pursue new regulatory permits, aligning with Trump’s agenda to boost the U.S. energy sector. This expansion is poised to meet the growing demand from Asian markets seeking reliable and diversified energy sources.

The administration has also established a council dedicated to achieving “energy dominance,” focusing on increasing natural gas exports and offshore drilling. This initiative aims to capitalize on the U.S.’s abundant energy resources, providing allies with alternative energy options and reducing global dependence on adversarial nations.

The significance of U.S. LNG in global energy dynamics is multifaceted. It not only offers economic benefits but also plays a crucial role in the global energy transition. By providing a stable and cleaner energy source, U.S. LNG supports efforts to reduce carbon emissions and offers countries an opportunity to diversify their energy portfolios.

Standard Chartered has announced a $1.5 billion share buyback and raised its earnings target following an 18% increase in annual profit for 2024. The London-based bank reported a pre-tax profit of $6 billion, up from $5.1 billion the previous year, slightly below analysts’ forecasts of $6.2 billion. The bank also declared a final interim dividend of 28 cents per share and upgraded its 2026 return on tangible equity target to “approaching 13%” from the previously estimated 12%.

The significant profit growth was largely driven by record performance in Standard Chartered’s wealth management division and robust market activities. The wealth business experienced unprecedented growth, contributing substantially to the bank’s overall income. This surge reflects the bank’s strategic focus on affluent clients and larger international corporations, moving away from smaller domestic businesses and regular retail clients.

Despite the strong annual performance, the bank faced challenges in the fourth quarter. Pre-tax profits for this period fell by 30%, dropping to $800 million from $1.1 billion a year earlier, missing analysts’ expectations of $983 million. Earnings per share for the quarter also decreased by 41% to 20.2 cents from 34.0 cents in the previous year. This decline was attributed to specific credit impairments and a cautious approach to risk management in volatile markets.

In response to the evolving market landscape, Standard Chartered plans to double its investment in wealth management over the next five years. The bank aims to allocate approximately $1.5 billion to enhance its wealth business, focusing on hiring additional relationship managers and advisers, particularly in key financial hubs such as Hong Kong, Singapore, and Dubai. This strategic investment is intended to capitalize on the growing demand for diversified financial products among affluent clients in these regions.

The announcement of the $1.5 billion share buyback is set to commence imminently, with an expected reduction in the Common Equity Tier 1 ratio by approximately 61 basis points. This move underscores the bank’s commitment to returning value to shareholders while maintaining a strong capital position. The decision aligns with the bank’s broader strategy to optimize its capital structure and enhance shareholder returns.

Chief Executive Bill Winters expressed confidence in the bank’s overall strategy, emphasizing the importance of focusing on high-growth markets and client segments. He highlighted the bank’s efforts to streamline operations and reduce costs through the “Fit for Growth” plan, which aims to achieve significant cost savings and operational efficiencies. This initiative is part of the bank’s ongoing efforts to adapt to the dynamic financial environment and position itself for sustainable growth.

Standard Chartered’s strategic shift includes reducing exposure to China’s troubled real estate market, with a 46% decrease since late 2021. This move reflects the bank’s cautious stance amid concerns over the sector’s stability and potential impact on the broader economy. By reallocating resources to more stable and profitable areas, the bank aims to mitigate risks associated with market volatility and geopolitical tensions.

The bank’s shares have risen significantly since Winters’ appointment, reflecting investor confidence in the strategic direction and financial health of the institution. However, the shares still trade below the book value of the bank’s assets, indicating potential room for further appreciation as the bank continues to execute its growth strategy and enhance profitability.

While the annual results demonstrate resilience and strategic foresight, the decline in fourth-quarter profits highlights the challenges posed by the current economic climate. The bank remains vigilant in managing risks associated with the shifting global political landscape, potential misuse of artificial intelligence, the possibility of a new U.S.-China trade war, and political instability in regions like the Democratic Republic of Congo. These factors necessitate a balanced approach to growth and risk management to ensure long-term sustainability.

The EDGE Group’s Learning & Innovation Factory and the Ministry of Industry and Advanced Technology have formalised a partnership to accelerate the UAE’s industrial evolution. This collaboration, sealed during the International Defence Exhibition and Conference 2025 at the Abu Dhabi National Exhibition Centre, aims to advance the nation’s Industry 4.0 agenda under the Operation 300bn strategy.

The Memorandum of Understanding was signed by Fatma Essa Al Mheiri, Acting Director of the Technology Adoption and Development Department at MoIAT, and Ahmed Al Khoori, EDGE’s Senior Vice President of Strategy & Excellence. The ceremony was attended by Salama Alawadhi, Assistant Under-Secretary for the Industrial Development Sector at MoIAT, and Hamad Al Marar, EDGE’s Managing Director and Chief Executive Officer.

Under this agreement, LIF will serve as the strategic partner and executor of MoIAT’s Transform 4.0 programme. This initiative is designed to promote the adoption of advanced technologies and establish cutting-edge smart manufacturing facilities across the UAE. The programme’s objective is to support 100 high-potential manufacturers in their digitalisation efforts, fostering a network of Industry 4.0 lighthouses that exemplify excellence in smart manufacturing.

This partnership aligns with the UAE’s broader vision to enhance industrial competitiveness through technological innovation. Launched in 2021, Operation 300bn is a comprehensive 10-year strategy aiming to increase the industrial sector’s contribution to the nation’s GDP from AED 133 billion to AED 300 billion by 2031. The strategy focuses on creating an attractive business environment for investors, supporting the growth of national industries, and stimulating innovation through the adoption of advanced technologies.

The collaboration between EDGE and MoIAT is not their first joint endeavour. In August 2022, both entities signed an MoU to establish the UAE’s first Industry 4.0 Enablement Centre. This centre focuses on raising awareness about Industry 4.0 technologies, upskilling manufacturers through specialised training, and providing a testbed for piloting innovative solutions. The centre’s initiatives aim to enhance factory processes and operations, empowering industry leaders to leverage Fourth Industrial Revolution technologies for improved efficiency and competitiveness.

The UAE’s commitment to industrial advancement is further demonstrated by the Emirates Development Bank’s role in Operation 300bn. EDB has allocated AED 30 billion to support priority industrial sectors over five years, aiming to finance 13,500 small and medium-sized enterprises and create thousands of job opportunities. This financial support underscores the nation’s dedication to fostering a robust and sustainable industrial ecosystem.

The EDGE Group, a prominent technology conglomerate, continues to play a pivotal role in the UAE’s industrial transformation. By collaborating with MoIAT, EDGE leverages its expertise in advanced technology and innovation to drive the nation’s Industry 4.0 agenda forward. The Learning & Innovation Factory serves as a hub for advanced upskilling and technology-driven solutions, enhancing manufacturing excellence and fostering a culture of continuous improvement.

The International Defence Exhibition and Conference 2025 provided an ideal platform for this significant partnership. As one of the largest defence exhibitions globally, IDEX showcases the latest innovations and technologies, facilitating collaborations that drive industrial and technological advancements. The signing of the MoU at this event highlights the strategic importance of the defence sector in the UAE’s broader industrial strategy.

The UAE’s industrial strategy, Operation 300bn, is built upon six primary objectives: creating an attractive business environment for investors, supporting the growth of national industries, stimulating innovation through advanced technology adoption, enhancing the competitiveness of UAE products, ensuring sustainable economic growth, and promoting responsible consumption and production. The partnership between EDGE and MoIAT directly contributes to these objectives by facilitating the digital transformation of the manufacturing sector and promoting the adoption of Industry 4.0 technologies.

The Saudi Red Sea Authority has formalised a partnership with the Ministry of Municipalities and Housing through a memorandum of understanding aimed at advancing the development and management of marinas along the Red Sea coastline. This strategic alliance encompasses the creation of marine vessel maintenance centres, enhancement of beach facilities, and the promotion of coastal tourism destinations, all in alignment with the objectives of Saudi Vision 2030.

The MoU was signed by SRSA’s Chief Executive Officer, Mohammed Al-Nasser, and the Deputy Minister for Licensing and Project Coordination, Mohammed Al-Mulhim. This collaboration underscores SRSA’s commitment to establishing comprehensive regulations and operational standards for marinas, overseeing their development, and ensuring environmental safeguards in marine tourism zones. A key focus is to attract a diverse range of visitors and expand the coastal tourism sector.

Central to the agreement is the utilisation of the Balady platform for processing applications related to the establishment, development, and operation of both onshore and offshore marinas within the designated areas. These facilities will be constructed in accordance with the Saudi Building Code and the approved Marina Planning and Design Code. The partnership also addresses the licensing procedures for commercial operations and the specific requirements for constructing marine fuel stations.

Beyond marina development, the MoU outlines plans for the creation and licensing of marine vessel repair and maintenance centres, providing a regulatory framework for their operations. Additionally, there is a concerted effort to develop and manage beach areas within the specified regions, which includes issuing necessary construction and commercial permits.

The collaboration extends into technological integration, with both entities aiming to enhance coastal monitoring systems and promote coastal tourism destinations. This involves identifying investment opportunities and mapping both tangible and intangible assets along the Red Sea shoreline. A significant aspect of the partnership is the development of policies and initiatives designed to bolster the local workforce in the municipal, housing, and coastal tourism sectors. The agreement also emphasises the advancement of smart marina initiatives, contributing to the development of sustainable coastal cities and improving the overall quality of life.

This MoU is a testament to SRSA’s ongoing efforts to expand strategic partnerships, share expertise, and adopt best practices to fulfil its mission of enhancing coastal tourism. These initiatives are in direct support of the broader goals outlined in Saudi Vision 2030, aiming to create a dynamic and sustainable tourism industry.

Established in November 2021, the Saudi Red Sea Authority serves as the regulatory body for marine and navigational tourism activities within Saudi Arabia’s Red Sea domain. Its responsibilities include issuing necessary licences and permits, formulating policies, and identifying areas suitable for marine tourism, all while ensuring the protection of the marine environment. The authority plays a pivotal role in promoting investment opportunities and enhancing human capital through targeted training programmes.

The Pi Network’s long-anticipated mainnet launch on February 20, 2025, has been met with significant challenges, as users report difficulties withdrawing their Pi tokens from various exchanges. This development coincides with notable price fluctuations, with Pi Coin’s value dipping below the $1 mark.

Upon its debut, Pi Coin was listed on multiple prominent cryptocurrency exchanges, including OKX, Gate.io, Bitget, and CoinDCX. Initial trading saw the coin’s price surge to approximately $2.2 on OKX; however, it swiftly declined, trading at $1.50 on OKX and $1.90 on Bitget shortly thereafter. This volatility has raised concerns among investors and traders about the coin’s stability and future prospects.

Concurrently, users have encountered obstacles when attempting to withdraw their Pi tokens. Exchanges such as Bitget have temporarily suspended Pi Coin deposit and withdrawal services, citing node maintenance as the primary reason for the disruption. Similarly, CoinW announced a suspension of PiNetwork deposits and withdrawals due to ongoing node maintenance, further limiting users’ access to their funds.

The Pi Network team has attributed these withdrawal issues to a “surge in traffic,” suggesting that the unexpected influx of activity has overwhelmed their systems. This explanation, however, has been met with skepticism within the Pi community. Some users speculate that the restrictions may be a deliberate strategy to control the market supply and prevent a rapid decline in Pi Coin’s value. The prolonged Know Your Customer verification process, which can take several months, has also been criticized for potentially exacerbating withdrawal delays and limiting liquidity.

Bybit CEO Ben Zhou has publicly denounced Pi Network as a scam, asserting that the cryptocurrency exchange will not list its native token, Pi Coin. This declaration comes on the heels of Pi Network’s mainnet launch on February 20, 2025, a significant milestone that has been overshadowed by sharp volatility in Pi Coin’s market value.

In a post on X , Zhou shared a 2023 warning from Chinese authorities, highlighting concerns that Pi Network targets elderly individuals with deceptive promises, leading to personal data leaks and financial losses. He emphasized that Bybit has no intention of listing Pi Coin, dismissing claims about failed Know Your Business audits as baseless.

Pi Network’s transition to an open mainnet was anticipated to enhance the token’s real-world utility and accessibility. However, the launch was marked by significant price fluctuations. Pi Coin’s value surged over 36% within an hour, peaking at $3.41 on Bitget, before plummeting more than 55% to around $0.91 within hours. This volatility has raised concerns among investors about the token’s long-term viability.

The European Central Bank has unveiled a comprehensive strategy to incorporate distributed ledger technology into its central bank settlement processes. This initiative aims to modernise Europe’s financial infrastructure by enhancing efficiency and security in transaction settlements.

In the initial phase, the ECB plans to develop a platform that links DLT-based transactions with its existing TARGET Services. TARGET is the Eurosystem’s real-time gross settlement system, facilitating the seamless flow of cash, securities, and collateral across Europe. By creating an interoperability link between DLT platforms and TARGET Services, the ECB seeks to enable the settlement of DLT-recorded transactions in central bank money. This approach ensures that innovative DLT systems can integrate smoothly with established financial infrastructures, maintaining stability while embracing technological advancements.

The subsequent phase involves exploring a more integrated, long-term solution for settling DLT-based transactions directly in central bank money. This comprehensive approach will consider the potential for international operations, including foreign exchange settlements. By delving into these possibilities, the ECB aims to position itself at the forefront of financial innovation, ensuring that Europe’s payment systems remain competitive and resilient in a rapidly evolving global landscape.

Piero Cipollone, a member of the ECB’s Executive Board, emphasised the significance of this development, stating, “This is an important contribution to enhancing European financial market efficiency through innovation.” His remarks underscore the ECB’s commitment to leveraging cutting-edge technologies to bolster the efficiency and security of Europe’s financial markets.

The ECB’s decision to expand its DLT initiatives follows a series of exploratory projects and consultations. In December 2024, the Eurosystem invited market participants to engage in trials examining the potential use of DLT for wholesale central bank money settlement. These trials, conducted between May and November 2024, provided valuable insights into how DLT platforms could interact with existing financial infrastructures. The positive outcomes of these experiments have informed the ECB’s current strategy, highlighting the practical viability of integrating DLT into central bank operations.

The ECB’s approach aligns with broader global trends, as central banks worldwide explore the potential of digital currencies and blockchain technologies. The Bank of England, for instance, has been investigating the development of a wholesale central bank digital currency aimed at facilitating large transactions between banks. Such initiatives reflect a growing recognition of the transformative potential of DLT and digital currencies in enhancing the efficiency and security of financial systems.

However, the ECB’s plans are not without challenges. The integration of DLT into existing financial infrastructures requires careful consideration of technical, regulatory, and security aspects. Ensuring interoperability between traditional systems and innovative DLT platforms is paramount to prevent fragmentation and maintain the integrity of the financial ecosystem. Additionally, the ECB must navigate potential concerns related to data privacy, cybersecurity, and the legal frameworks governing digital transactions.

The ECB has not yet announced a specific timeline for the implementation of the interoperability link with TARGET Services. A detailed schedule will be provided in due course, reflecting the ECB’s commitment to a meticulous and consultative approach. This cautious progression ensures that all stakeholders, including financial institutions, regulators, and the broader public, are adequately prepared for the forthcoming changes.

In parallel with its DLT initiatives, the ECB continues to advance its work on the digital euro. This project aims to provide a secure and efficient digital payment instrument, complementing cash and existing electronic payment methods. The digital euro is envisioned to enhance the accessibility and inclusivity of digital payments, ensuring that all segments of society can benefit from the digitalisation of the economy. The ECB’s efforts in this domain are part of a broader strategy to future-proof Europe’s financial system, ensuring it remains robust and competitive in the face of technological advancements and shifting consumer preferences.

Bitcoin’s hashrate growth has decelerated, presenting challenges for smaller mining operations. The latest MinerMag report indicates that after months of rapid expansion, the network’s difficulty experienced its first decline since September. This suggests that while publicly listed companies have continued to increase their hash power, their growth isn’t sufficient to offset the exit of smaller operators.

In January 2025, Bitcoin mining revenue remained steady at $1.4 billion. Notably, public mining companies accounted for approximately 30% of the network’s hashrate during that month. The competition among the top five mining firms has intensified, leading to a more concentrated mining landscape.

The slowdown in hashrate growth can be attributed to several factors. Following a record-setting difficulty adjustment and Bitcoin’s market price dipping below $96,000, the mining hashprice—a measure of revenue per unit of computational power—dropped to $53 per petahash per second. This decline raises concerns about the viability of older-generation mining equipment in an increasingly competitive market.

The Bitcoin hashrate has increased by approximately 29% since the halving in April 2024. This halving epoch is on pace for the lowest increase in difficulty across all epochs. The marginal efficiency gains in ASICs are diminishing, contributing to the slowing hashrate growth.

As more miners join the network, the difficulty of mining each Bitcoin increases, which in turn drives down profitability. This creates a cycle where miners must continuously invest in newer, more powerful equipment to maintain their share of the network, increasing operational costs and reducing margins.

In response to these challenges, some miners are exploring alternative revenue streams. For instance, the convergence of growth trends in Bitcoin and AI/HPC presents opportunities for miners. Miners are at the apex of these converging trends and are in a strong position to benefit from a sustained bull run in Bitcoin price, given the non-linear correlation of operating costs to BTC price. Simultaneously, generative AI has one of the fastest-growing adoption curves of any technology in history.

Despite the current challenges, the cryptocurrency mining market is projected to grow with a CAGR of 7.8% from 2022 to 2029, reaching an estimated value of $2,263.42 million by 2029. This growth is driven by factors such as the flexible and scalable nature of mining operations, allowing individual enthusiasts and small groups to participate and earn crypto rewards according to their hash power. Additionally, no licensing requirements, limited regulatory scrutiny, and the ability to mine from home lower the entry barriers significantly for small players.

However, the increasing competition and rising operational costs pose significant challenges for smaller miners. The flexible and scalable nature of mining operations allows individual enthusiasts and small groups to participate and earn crypto rewards according to their hash power. Furthermore, factors such as no licensing requirements, limited regulatory scrutiny, and the ability to mine from home lower the entry barriers significantly for small players.

In such an environment, it’s challenging for smaller players to compete with large operations that are already positioned to dominate the market. The increasing network hash rate, driven by more miners joining the network, leads to higher mining difficulty and reduced profitability. This necessitates continuous investment in newer, more powerful equipment, further increasing operational costs and reducing margins.

Zain KSA and Dell Technologies have entered into a strategic partnership aimed at revolutionising Saudi Arabia’s cloud ecosystem. The collaboration seeks to position Zain KSA as the premier provider of seamless cloud solutions for businesses across the Kingdom.

The Memorandum of Understanding was formalised during the LEAP 2025 technology conference in Riyadh. The agreement was signed by Mohamed Talaat, Vice President for Saudi Arabia and Egypt at Dell Technologies, and Fahad Alsahmah, Chief Business Officer at Zain KSA. This partnership is set to leverage Dell’s extensive expertise in Infrastructure-as-a-Service , Software-as-a-Service , and Anything-as-a-Service models to enhance Zain KSA’s cloud offerings.

Under the terms of the MoU, Zain KSA will utilise Dell’s advanced cloud solutions to develop an open cloud architecture. This architecture is designed to provide businesses with unparalleled flexibility and choice in managing their cloud requirements. The automated platform will enable customers to seamlessly onboard, access services, and manage invoicing through a user-friendly interface. This initiative aims to simplify cloud adoption for enterprises of all sizes, thereby accelerating digital transformation efforts within the region.

Fahad Alsahmah expressed enthusiasm about the collaboration, stating, “By leveraging Dell’s technical expertise, we are poised to create a transformative platform that streamlines cloud adoption for businesses. This unified marketplace will grant access to premier cloud solutions from leading providers, empowering enterprises to manage their cloud services with ease and advance their digital transformation journeys.”

Mohamed Talaat highlighted Dell’s commitment to supporting innovation and digitalisation in Saudi Arabia. He remarked, “Our profound understanding of cloud technologies, coupled with our consultancy prowess, positions us to furnish Zain KSA with a cutting-edge cloud platform. We are eager to collaborate closely with Zain KSA to define and establish a comprehensive framework for these transformative technological solutions.”

This partnership aligns with Saudi Arabia’s Vision 2030 objectives, which emphasise the importance of digital transformation and technological innovation. By enhancing the cloud infrastructure, Zain KSA and Dell Technologies aim to provide businesses with the tools necessary to navigate multi-cloud environments effectively. This will enable organisations to bolster their digital strategies, optimise operational efficiency, and reduce costs through a flexible, pay-as-you-go model.

The introduction of Zain Multi Cloud, as part of this collaboration, signifies a significant advancement in Saudi Arabia’s cloud services landscape. This unified platform integrates public, private, and hybrid cloud environments, offering businesses a centralised system to manage their diverse cloud needs. Compatibility with leading cloud providers—including Alibaba Cloud, Google Cloud, Microsoft Azure, AWS, Oracle Cloud, Huawei Cloud, and Zain Cloud—ensures that enterprises can select services that best align with their specific requirements.

The user-centric design of the platform features an intuitive control panel, simplifying the management process and strengthening governance over cloud infrastructures. This approach not only enhances the user experience but also reinforces security and compliance measures, which are critical in today’s rapidly evolving digital landscape.

As cloud computing becomes increasingly integral to the strategic operations of both public and private sectors, this partnership is poised to play a pivotal role in driving the Kingdom’s digital economy forward. By providing robust, scalable, and efficient cloud solutions, Zain KSA and Dell Technologies are set to empower businesses to innovate and thrive in an increasingly competitive market.

Berjaya Food Bhd, the operator of Starbucks outlets in Malaysia, has reported a net loss of RM35.33 million for the second quarter ending December 31, 2024. This marks the company’s fifth consecutive quarter in the red, with revenue declining by one-third to RM123.1 million compared to RM182.55 million in the same period last year. The ongoing boycotts of U.S. fast-food brands, sparked by geopolitical tensions in the Middle East, have significantly impacted consumer sentiment and sales.

The boycotts, initiated in response to the conflict in Gaza, have targeted several American franchises, including Starbucks, McDonald’s, and KFC. In Malaysia, these campaigns have led to temporary closures of numerous outlets. KFC Malaysia, for instance, has shuttered over 100 restaurants, particularly in Muslim-majority regions such as Kelantan, Kedah, and Terengganu. Similarly, McDonald’s and Pizza Hut have experienced closures and a notable decline in patronage.

Berjaya Food’s financial struggles are further underscored by a 46.4% drop in revenue for the first half of FY2025, amounting to RM247.3 million, down from RM461.09 million in the previous year. The company attributes these losses primarily to the “current sentiment in relation to the conflict in the Middle East,” which has adversely affected consumer behavior and sales.

In an effort to mitigate the financial downturn, Berjaya Food has temporarily closed 50 Starbucks outlets during the three months ending September 30, 2024, representing 12% of its total network. Despite these measures, the company remains “cautiously optimistic” about a gradual improvement in financial performance in 2025, acknowledging the challenging macroeconomic environment.

The impact of the boycotts extends beyond Berjaya Food. Americana Restaurants, which operates KFC and Pizza Hut in the Middle East, reported a 40% drop in profits, despite expanding its number of outlets. This trend highlights the broader financial repercussions for Western brands operating in regions where consumer boycotts have gained momentum.

The boycotts have been largely driven by social media campaigns and movements such as the Boycott, Divestment, and Sanctions initiative, which seeks to apply economic pressure in response to geopolitical conflicts. These campaigns have rapidly mobilized consumers, leading to significant financial losses for multinational corporations perceived to be linked to contentious geopolitical actions.

In response to the sustained boycotts, Berjaya Food is exploring diversification strategies to reduce its reliance on the domestic market. In August 2024, the company secured franchising rights to operate the Starbucks brand in Nordic countries, aiming to offset losses incurred in Malaysia. Additionally, Berjaya Food has entered into agreements to expand its licensed Paris Baguette outlets in Southeast Asia, seeking to tap into new markets and revenue streams.

British asset management firm Abrdn is in advanced discussions with CITIC Bank to establish a joint venture in China, aiming to strengthen its presence in the world’s second-largest economy. This strategic move comes as relations between the United Kingdom and China show signs of improvement, contrasting with the trend of Western financial institutions scaling back operations in the region due to economic and geopolitical concerns.

According to individuals familiar with the matter, Abrdn intends to hold a majority stake in the proposed venture, with the remaining shares owned by CITIC Bank’s subsidiary, CITIC Wealth. CITIC Wealth, as of the end of last year, manages assets totaling 2 trillion yuan , positioning it as China’s third-largest bank-owned wealth management entity.

The collaboration between Abrdn and CITIC Bank has been under discussion for the past couple of years, focusing on either establishing a new venture within mainland China or Abrdn acquiring a stake in CITIC Wealth. These negotiations gained momentum following the recent resumption of high-level economic and financial dialogues between China and the UK, which had been on hold for nearly six years.

This development is particularly noteworthy given the backdrop of several Western financial institutions reevaluating their strategies in China. Concerns over the health of the Chinese economy and escalating tensions between Beijing and Washington have led some firms to reduce their workforce or halt expansion plans in the region. In contrast, Abrdn’s initiative reflects a strategic decision to deepen its engagement with the Chinese market, leveraging the extensive client base and local expertise of CITIC Wealth.

The timing of this potential partnership aligns with broader efforts to enhance financial cooperation between the UK and China. Both governments have recently committed to exploring the feasibility of establishing exchange-traded fund and wealth management connect schemes, aiming to link their capital markets more closely. These initiatives are part of a concerted effort to strengthen financial services relations and improve economic ties between the two nations.

While official comments from Abrdn and CITIC Bank are yet to be made, the proposed joint venture signifies a strategic alignment that could offer mutual benefits. For Abrdn, gaining a majority stake in a Chinese asset management entity provides a platform to tap into the growing wealth management market in China. For CITIC Bank, partnering with an established international asset manager like Abrdn could enhance its product offerings and global reach.

TrinaTracker, a subsidiary of Trinasolar Co. Ltd and a global leader in smart solar tracking solutions, has inaugurated a manufacturing facility in Saudi Arabia. Located in Jeddah’s 3rd Industrial City, the plant is slated to commence operations in the first quarter of 2025, specializing in the production of the Vanguard series of solar trackers and smart control systems. This development underscores TrinaTracker’s commitment to localization and enhancing […]

Abu Dhabi National Oil Company has announced plans to sell approximately 3.1 billion shares, equating to a 4% stake, in its subsidiary ADNOC Gas. This strategic move is projected to raise up to $3 billion, marking one of the most significant share sales in the Middle East and North Africa region since Saudi Aramco’s $12.3 billion offering in June of the previous year.

The offering is set to commence immediately and is expected to conclude on Friday, February 21, 2025. It will be open to qualified institutional and other investors across various countries, including the United Arab Emirates. The final number of shares to be placed and the offering price will be determined at the close of the book-building process, in accordance with the Block Trade Rules of the Abu Dhabi Securities Exchange .

ADNOC currently holds a 90% majority stake in ADNOC Gas. At the last closing price of AED 3.58 per share, the offering is valued at approximately AED 11.1 billion . This initiative aligns with ADNOC’s strategic objectives to enhance the liquidity and free float of ADNOC Gas, while providing a pathway to a more diversified shareholder base and potential inclusion in major indices.

Khaled Al Zaabi, Group Chief Financial Officer at ADNOC, stated, “Since its IPO in March 2023, ADNOC Gas has consistently delivered strong growth, robust financial performance, and superior shareholder returns. As a world-class integrated gas processing company, ADNOC Gas is ideally positioned for further expansion.”

The offering will be subject to a customary 180-day lock-up period for both ADNOC and ADNOC Gas, subject to certain exceptions and unless waived by the joint global coordinators. Major financial institutions, including BofA Securities, Citi, EFG-Hermes, First Abu Dhabi Bank, HSBC, and International Securities, are acting as joint global coordinators and joint bookrunners for this offering.

This move follows ADNOC Gas’s initial public offering in March 2023, which raised approximately $2.5 billion, marking one of the region’s largest IPOs at that time. The company was formed earlier that year by consolidating various gas processing operations into a single entity, aiming to streamline operations and enhance efficiency.

In May of the previous year, ADNOC also raised $935 million by selling a 5.5% stake in its drilling unit to institutional investors, reflecting the company’s ongoing strategy to monetize assets and attract foreign investment.

ADNOC Gas operates an extensive network, managing over 3,000 kilometers of pipeline infrastructure and 26 processing trains. The company plays a crucial role in processing and distributing natural gas within the UAE and to international markets. The funds raised from this stake sale are expected to support ADNOC Gas’s ambitious growth plans, including expanding its processing capacities and exploring new markets.

The energy sector in the UAE has seen significant foreign direct investment in recent years. In 2019, ADNOC attracted major investments from U.S. asset managers BlackRock and KKR, as well as Italian firm Eni, collectively bringing in billions of dollars. These investments have been pivotal in expanding ADNOC’s infrastructure and operational capabilities.

The decision to divest a portion of ADNOC Gas aligns with the company’s broader strategy to optimize its portfolio, enhance capital efficiency, and provide attractive opportunities for global investors. As the global energy landscape continues to evolve, ADNOC remains committed to adapting its business model to meet emerging challenges and capitalize on new opportunities.

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA