Abu Dhabi National Energy Company, known as TAQA, has divested its lignite-fired power operations in India, signaling a strategic shift towards cleaner energy sources. This decision aligns with the company’s commitment to reducing carbon emissions and enhancing its portfolio of gas and renewable energy assets. Details of the Sale TAQA has sold its entire stake…
In the first nine months of 2025, NMDC Group demonstrated robust financial performance, showcasing a substantial increase in both revenue and net profit. The company’s strategic focus on overseas expansion and energy contracts has played a pivotal role in its growth trajectory. Financial Highlights NMDC Group reported a revenue of Dh20.5 billion, marking an 11%…
Recent fluctuations in the gold market have led to a noticeable drop in prices in Dubai, following a period of record highs. As global prices show signs of recovery after a significant selloff, local retail prices are adjusting accordingly. This article explores the current situation and what it means for investors and consumers alike. Current…
The ongoing government shutdown in the United States is creating significant disruptions in the flow of essential economic data. As key reports on employment, trade, and retail sales are delayed, businesses are left without crucial information needed for decision-making. This uncertainty could lead to reduced hiring and investment, impacting the overall economy. The Importance of…
A significant partnership has emerged in the maritime sector, as Drydocks World, a subsidiary of DP World, collaborates with Cochin Shipyard Limited (CSL) to establish India’s first ship repair cluster in Cochin, Kerala. This initiative aims to enhance the country’s capabilities in offshore ship repair and maritime services. Agreement Details The agreement was officially signed…
BlackRock Saudi Arabia and the Public Investment Fund (PIF) have unveiled new mutual funds aimed at enhancing investment opportunities in Saudi Arabia and the broader MENA region. This initiative marks a significant step in their ongoing partnership to develop the Kingdom’s capital markets and improve access for both local and international investors. New Investment Strategies…
The UAE has embarked on an ambitious journey to enhance artificial intelligence (AI) skills among its citizens through a new initiative in collaboration with Google. Announced during UAE Coding Day, this program, titled “AI for All,” aims to provide free educational resources and workshops to individuals of all ages and professions, promoting a deeper understanding…
The MENA region has experienced a notable surge in initial public offerings (IPOs) during the third quarter of 2025, reflecting a growing confidence among investors and a maturing capital market landscape. Saudi Arabia has emerged as a key player in this trend, contributing significantly to the overall performance of the region’s IPO activities. MENA IPO…
e& has announced impressive financial results for the third quarter of 2025, showcasing a robust increase in revenue and profit. The company’s performance reflects its strategic focus on digital expansion and innovation across various sectors. Strong Revenue and Profit Growth In the third quarter, e& achieved consolidated revenue of Dh18.6 billion ($5.06 billion), marking a…
Multiply Group has announced a remarkable profit increase of 162% for the third quarter, reaching Dh1.95 billion. This surge is primarily attributed to Dh2.7 billion gained from the sale of PAL Cooling. The company is now setting its sights on major acquisitions to further enhance its market position. Financial Highlights The substantial profit growth reflects…