Lower crude oil prices and weakening refinery margins has impacted Aramco, Saudi Arabia’s state-owned energy giant, as its net profit declined Read More
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ADNOC and Masdar Sign Agreement with Microsoft
ADNOC and Abu Dhabi Future Energy Company (Masdar) on Tuesday announced the signing of a Strategic Collaboration Agreement (SCA) with Microsoft on Read More
Banking
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Financial Services
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Foreign Lenders Keen to Enter Ethiopian Banking Sector
The Council of Ministers of Ethiopia, which is one of the fastest growing markets in Sub Saharan Africa, has cleared a legislation Read More
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World
Crypto and Fintech Firms Launch Global Stablecoin Network
A consortium of fintech and cryptocurrency companies have jointly launched Global Dollar Network, an open network designed to accelerate stablecoin usage worldwide.Read More
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Transportation
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Stonepeak Acquires Air Transport Services Group for $3.1 Billion
Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, has acquired Air Transport Services Group, a global leader in Read More
The 360-year-old MUFG Bank, one of the world’s leading financial groups headquartered in Tokyo with a global network with approximately 2,000 locations Read More
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GFH, Infracorp and Kempinski Plan Harbour Heights Kempinski
Bahrain-based GFH Financial Group, a leading investment bank, in partnership with Infracorp, on Tuesday that they have signed with Kempinski to launch Read More
Business
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Oil & Gas
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Enersol Acquires Deep Well Services for $223 Million
Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi, has acquired a 95% equity stake in the Pennsylvania headquartered Deep Well Services (Read More
Business
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Energy
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ADNOC and AIQ Launch ENERGYai at ADIPEC 2024
Abu Dhabi National Oil Company (ADNOC), and AIQ, an advanced technology pioneer anchored in the UAE, launched ENERGYai, the world’s first-of-its-kind Read More
