In a significant development for the UAE’s petrochemical sector, TA’ZIZ has entered into two long-term agreements with India’s Sanmar Group. These agreements, revealed during the ADIPEC 2025 conference, underscore the strengthening industrial collaboration between the UAE and India, marking a pivotal moment for both nations. Details of the Agreements TA’ZIZ will supply over 350,000 tonnes…
Space42 has announced its financial results for the first nine months of 2025, revealing a revenue of $363 million. This figure represents a 15% decrease compared to the previous year, primarily due to the restructuring of its Smart Solutions division. Despite this decline, the company reported solid margins, driven by operational efficiencies and growth across…
International Holding Company (IHC) has showcased remarkable financial performance for the first nine months of 2025, driven by strategic acquisitions and a robust global expansion strategy. The company reported a revenue of Dh84.6 billion, reflecting a significant 32.3% increase compared to the same period last year, alongside a profit after tax of Dh19.5 billion, which…
The Gulf Cooperation Council (GCC) is rapidly establishing itself as a leading hub for artificial intelligence (AI), particularly in the adoption of generative AI among frontline workers. A recent study by Boston Consulting Group highlights that the region’s commitment to AI is significantly outpacing global trends, driven by robust policy frameworks and substantial corporate investments….
A significant development in the energy sector has emerged as XRG, the international energy investment arm of ADNOC, has entered into a framework agreement with Argentina’s YPF and Italy’s Eni. This collaboration aims to explore the establishment of a large-scale liquefied natural gas (LNG) project in Argentina, which is poised to be one of the…
Aither, a new joint venture between Dubai Holding and Palantir Technologies, has been launched to enhance the application of artificial intelligence across various sectors in the UAE. This initiative follows 18 months of successful collaboration, marking Palantir’s inaugural joint venture in the region. The aim is to leverage AI to drive efficiency and innovation in…
Tecom Group has demonstrated impressive financial performance in 2025, driven by strategic land acquisitions and robust demand in the industrial sector. The company’s latest results reflect a significant increase in both revenue and net profit, highlighting its effective operational strategies and market positioning. Financial Highlights In the first nine months of 2025, Tecom Group’s revenue…
As November approaches, UAE motorists are eagerly awaiting the announcement of fuel prices, hoping for a reprieve after the increases seen in October. Recent fluctuations in global oil markets, influenced by geopolitical events and economic forecasts, have created uncertainty regarding the direction of fuel costs. Current Fuel Prices and Trends In October, fuel prices in…
International Holding Company (IHC) has made a strategic decision to sell its entire stake in Modon Holding, a significant player in the Abu Dhabi real estate market. This move is part of IHC’s broader strategy to diversify its investments and allocate capital to sectors with higher growth potential. Details of the Sale IHC sold its…
Dubai is set to enhance its automotive landscape with a new facility that promises to be one of the largest automotive refurbishment centers in the region. A partnership between DP World and Cars24 has led to the development of a state-of-the-art center at the National Industries Park, backed by an investment of AED 55 million…