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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.

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 […]

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 […]

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 […]

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.

Alphabet Inc.’s Google faces a fresh lawsuit from advertising exchange PubMatic Inc., which claims the company illegally monopolised the ad-technology market and seeks billions in damages. The complaint, filed on 8 September 2025 in a federal court in the Eastern District of Virginia, builds upon a pivotal April ruling that found Google unlawfully controlled both ad servers and ad exchanges, harming competition. PubMatic asserts that Google’s dominance […]

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Award-winning consultant Judd Labarthe launches a much-anticipated book, Swimming Downstream, challenging conventional marketing wisdom with practical, evidence-based guidance SINGAPORE – Media OutReach Newswire – 9 September 2025 – Judd Labarthe, the US-born founder of Singapore-based consultancy Planner at Large LLP, today announced the release of his début book, Swimming Downstream: How To Stop Struggling & Start Winning With Marketing That Actually Works, published by Marshall Cavendish Business. […]

MUNICH, GERMANY – Media OutReach Newswire – 8 September 2025 – AVATR Technology hosted the “AVATR Brand Day: A Brilliant New Horizon” at UTOPIA München and unveiled the world’s first emotional intelligence (EI) concept car, AVATR VISION XPECTRA. The event also featured the limited-edition AVATR 012, co-created with Kim Jones, as well as the AVATR 11 Royal Theatre Edition and the AVATR 07 and 06, collectively showcasing […]

Markets are sending urgent signals. Gold has burst above $3,600 an ounce, a record that reflects both anticipation of rate cuts and a broader scramble for safety. Treasury yields have swung sharply, with shorter maturities pulled lower by expectations of central bank easing while long-dated bonds creep toward multi-year highs, and across equities, momentum has become fragmented, with volatility rising around political headlines and economic uncertainty. These […]

As the morning light kisses the glazed curtain wall of the Burj Khalifa over the Persian Gulf, and the evening breeze of Doha whispers against the dome of the Museum of Islamic Art, a practice team named “Weihai Yangxing” from Weiyang College of Tsinghua University is measuring the lands of the Middle East with their footsteps and building bridges of cooperation through dialogue. From August 14 to 24, […]

ORDOS, CHINA – Media OutReach Newswire – 8 September 2025 – From September 16 to 17, 2025, the 10th Kubuqi International Desert Forum will convene in Ordos, Inner Mongolia Autonomous Region. Recently, reporters visited the Kubuqi Desert to investigate desertification control measures. Seen from the air, 196,000 solar panels stretch across the Kubuqi Desert in a striking horse-shaped mosaic, while on the ground, visitors to Chaideng Village, […]

Real estate developers are increasingly adopting modern technologies, including CRM for property developers, to enhance efficiency and improve customer interactions. According to a study by CSO Insights, 80% of surveyed companies in the real estate sector already utilize customer relationship management tools, highlighting a global shift toward digitalization. The Dubai and UAE real estate market continues to set global benchmarks, attracting developers, brokers, and investors with its record-breaking property sales and ambitious […]

Kazeta restores the joy of plug-and-play gaming by turning SD cards into physical game cartridges. Powered by a lightweight Linux OS derived from ChimeraOS, it lets users load any DRM-free title onto an SD card, insert it into a dedicated mini-PC and press power to start gaming—no launchers, accounts or internet connection required. Save files remain on the host PC while the cards stay strictly read-only. If […]

Detroit’s legacy automakers are poised to reap enormous financial benefits under federal rollback of emissions rules and EV incentives. General Motors, Ford Motor Company, and Stellantis are redirecting billions of dollars previously earmarked for electric-vehicle development and regulatory compliance back into production of internal combustion engine vehicles and hybrids. Ford, for example, has already saved approximately $1.5 billion in regulatory credits this year alone, a sum that […]

Only global newswire to provide guaranteed news postings with Mediacorp and SPH Media SINGAPORE – Media OutReach Newswire – 8 September 2025 – Media OutReach Newswire, Asia Pacific’s first global newswire, has further cemented its reputation as the leading newswire for Singapore and Southeast Asia, with guaranteed news posting partnerships with Mediacorp and SPH Media, Singapore’s two leading media companies. Dedicated page on CNA for Media OutReach […]

Dubai is witnessing a sharp rise in gold-driven fortunes as long-established Indian entrepreneurs reshape its jewellery sector. Titan Company, known for its Tanishq brand, will acquire 67 per cent of Damas, a leading luxury jewellery retailer with some 146 outlets across the Gulf, for 1.04 billion dirhams, in a deal expected to close by 31 January 2026. This bold expansion markedly strengthens Titan’s foothold under its emerging […]

Net profits for banks listed across the Gulf Cooperation Council surged to an unprecedented $16.6 billion in the second quarter, marking the second straight quarter of gains and a sequential increase of roughly 3.7 %, with year-on-year growth at a robust 9.2 %, according to Kamco Invest. This performance was driven by broadly higher revenues and a lower cost-to-income ratio that more than compensated for a rise in impairments. Lending activity remained resilient, underpinned by strong economic fundamentals and a pipeline of projects in the region.

Banks across the GCC achieved strong growth, with net profits rising 10.3 % year-on-year to $16.6 billion in Q2 2025, according to the latest Kamco Invest analysis. The sequential increase of about 3.7 % was fuelled by a broad-based rise in revenues, while a leaner cost-to-income ratio offset the impact of elevated impairments. Lending growth persisted, reflecting healthy demand and continued economic momentum.

Abu Dhabi led regional outperformers as its banks posted aggregate Q2 earnings of $3.2 billion—a 23.1 % rise compared to the year before. First Abu Dhabi Bank stood out with a 29.4 % surge in quarterly net profits to $1.5 billion, supported by stronger non-interest income and lower impairment charges. Abu Dhabi Commercial Bank and Abu Dhabi Islamic Bank also delivered solid gains, buoyed by elevated interest and fee income.

Dubai’s banks, by contrast, experienced a contraction: aggregate city-listed earnings fell by 6.4 % to $3.2 billion, weighed down by increased impairments at major lenders such as Emirates NBD. Some resilience came from Commercial Bank of Dubai, which posted a 15.4 % rise, alongside a surge in real-estate and utilities profits—Emaar Properties and DEWA among the top performers.

Among other GCC markets, Q2 net profits for Oman-listed banks were around $1 billion, while those in Qatar also posted gains, contributing to the overall strength in the banking sector.

The headline figure—$16.6 billion in quarterly profit for GCC banks—captures the scale of the region’s banking sector resilience. This strong performance highlights how GCC banks post record-high quarterly profits, powered by sustained credit growth and operational efficiencies even amid higher impairments.
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LONDON / SINGAPORE – Media OutReach Newswire – 8 September 2025 – Forvis Mazars, a leading international audit, tax and advisory firm, today announced a strategic partnership in Singapore with EcoOnline, a global provider of safety and sustainability software. This partnership will further enable Forvis Mazars and its clients to adopt EcoOnline’s advanced environmental, social, and governance (ESG) solution, enhancing the firm’s own suite of sustainability reporting […]

The Environment Agency – Abu Dhabi unveiled the EAD Avatar at the Abu Dhabi International Hunting and Equestrian Exhibition 2025, held at the Abu Dhabi National Exhibition Centre from 30 August to 7 September. This AI-powered initiative aims to revolutionise public interaction with environmental information, offering a lifelike digital interface that bridges cultural authenticity with technological innovation.

Developed in collaboration with Accord Business Group, the EAD Avatar introduces two digital personas, Souheil and Dana, designed to reflect Emirati heritage. Fluent in both Arabic and English, these avatars provide real-time, interactive communication, delivering accurate, AI-generated responses drawn from verified data sources. This approach ensures that users receive reliable information on environmental topics, enhancing public understanding and engagement.

Ahmed Baharoon, Executive Director of Environment Information, Science and Outreach Management at EAD, highlighted the significance of the launch, stating, “By merging cultural authenticity with cutting-edge AI, we are enhancing how the community interacts with EAD and transforming how they understand and connect with the environment.” The avatars’ natural voice modulation, facial expressions, and body language contribute to a more human-like interaction, fostering trust and encouraging deeper engagement.

Medium’s decision to address AI-generated content on its platform has stirred a lively discussion among users and industry stakeholders alike. As artificial intelligence continues to gain ground in content creation, the platform is outlining its approach to ensure transparency while preserving its core commitment to human storytelling. Earlier this year, Medium reached out to its community for feedback regarding the rise of AI-generated writing. In response, users […]

Lagos State’s commercial capital has opened its doors to West Africa’s premier tech, AI and startup gathering—GITEX NIGERIA—positioning the city as Africa’s launchpad for tomorrow. At the event’s Lagos leg, Governor Babajide Sanwo-Olu underscored the city’s ambition to spearhead a future shaped by data-driven governance and inclusive digital access, while Nigeria’s Minister of Communications, Innovation and Digital Economy, Hon. Dr Bosun Tijani, issued a call for continental […]

China’s AI sector is accelerating beyond reliance on imported semiconductors, leaning into algorithmic ingenuity and open-source collaboration to offset hardware constraints and project growing soft power abroad. Chinese firms face significant barriers in securing the most advanced GPUs, due to U. S. export restrictions. Rather than compete on sheer processing capacity, companies such as DeepSeek have turned to architectural innovation. Its R1 large language model, released under […]

European regulators have slapped Google with a €2.95 billion fine for leveraging its dominance in ad-tech to favour its own services, while President Trump has launched warnings of retaliatory trade measures—even as the €2.95 billion ad-tech sanction on Google marks the latest escalation in transatlantic friction. The European Commission’s investigation, which began in mid-2021, concluded that Google distorted competition across the 27-member bloc by prioritising its AdX […]

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