ADFD also signed around AED 1.1 bn (USD 300 mn) in financing for Jordan’s budget and development programs and backed a USD 40 mn technical schools project. It adds to a broader UAE development push in ...

Adnoc has chartered around 15 crude carriers to maintain shuttle movements and customer deliveries amid Red Sea and Hormuz disruptions ...

Plus: The Department of Energy delegation met up with regulators and academic partners in the US to discuss water regulation, network modernization, AI, and ...

Egypt’s cabinet approved a special freezone for Fujairah Alamein Oil and Gas Company on its north coast. The 737.9k-sqm zone will store and trade crude oil and petroleum products in New Alamein City, ...

Gourmet wants to push annual sales past EGP 9 bn by 2030 by adding two to three locations per year, CFO Tarek El Mahdi tells EnterpriseAM. The immediate pipeline includes a 500 sqm branch in Sodic ...

Led by Japan’s SBI Group, the round gives Fasset fresh capital to expand its regulated financial network across banks, payment providers, and liquidity markets ...

The Saudi Central Bank (Sama) reportedly placed financial transfers to the UAE under additional scrutiny, Reuters reports, citing unnamed sources. The UAE is reportedly among more than half a dozen ...

First Abu Dhabi Bank’s (FAB) interim joint chief credit officer Antoine Sokhn (LinkedIn) has stepped down after 15 months in the role, The Banker reports. Sokhn has been with FAB for over nine years.

The pool has grown fast. Six active funds in 2024 held a combined USD 572 mn, only USD 42 mn of it deployed. By 2025, the cumulative count reached 14 funds targeting USD 1.28 bn, 89% still undeployed.

Khanna joins from Bank of Singapore, where he led its private banking business for Europe and the Middle East out of Dubai ...

WEATHER- It’s getting hotter and hotter in Abu Dhabi, with temperatures rising to 46°C before cooling to a low of 32°C. It’s less warm in Dubai, with the mercury topping out at 42°C before cooling to ...

Masdar scraps plans to build a 100 MW green hydrogen electrolyzer for Emsteel even after bidders submitted their offers ...