Magnitude 6.2 earthquake strikes Auckland Islands, New Zealand Kuwait crude oil down US$1.45 to US$76.93 pb First group of Chinese Muslims arrives in Saudi Arabia for Hajj UAE pension authority clarifies eligibility criteria for 'Shourak' benefits UAE participates in G20 Trade and Investment Working Group Meeting in India Sharjah Crown Prince chairs Executive Council meeting Sultan bin Ahmed reviews UOS students' Aljada mosque designs QCC partners with Setup in Abu Dhabi to strengthen exporting capabilities of SMEs
Business Middle East - Mebusiness


Second 'Make it in the Emirates Forum' to begin 31 May in Abu Dhabi

The second edition of the Make in the Emirates Forum, organised by the Ministry of Industry and Advanced Technology (MoIAT) in partnership the Abu Dhabi Department of Economic Development (ADDED) and ADNOC, begins next Wednesday, 31st May 2023 in the UAE capital. Make it in the Emirates, launched under the National Strategy for Industry

ADNOC Logistics & Services sees highest-ever oversubscription for UAE Bookbuild IPO

ADNOC today announced the successful completion of the bookbuild and public subscription process for the initial public offering (IPO) of ADNOC Logistics & Services (ADNOC L&S), a mission-critical global energy maritime logistics leader and critical enabler of Abu Dhabi and the UAE’s supply of energy to the world. The

Masdar on track to become one of world’s largest renewable energy companies

Abu Dhabi Future Energy Company (Masdar) has announced that it has nearly doubled its clean energy capacity and CO2 displacement in just two years and is on track to fulfil its ambition of becoming one of the world’s largest renewable energy companies by 2030. According to the company's Sustainability Report, Masdar achieved a

Al Seer Marine make AED 257mn cornerstone investment into ADNOC Logistics & Services PLC

Al Seer Marine (ADX: ASM), the global player across multiple marine sectors and a subsidiary of the International Holding Company (IHC), has secured a major cornerstone investment in ADNOC Logistics & Services PLC, the global energy maritime logistics leader with share value of AED 257 million (US$70 million). The move comes as part of

UAE Pro League announces winners of 'Fans' League' Awards during final matchweek

The UAE Pro League announced the winners of the "Fans' League" initiative during the final matchweek of the ADNOC Pro League. According to the UAE Pro League's new amendments to the 2022-23 Fans' League, the prizes will be awarded to the clubs, which had the highest average fan attendance after the end of every

Energy and technology leaders meet in UAE to discuss hydrogen’s unanswered questions before COP28

Industry, technology and energy leaders gathered in Abu Dhabi to address the major challenges facing the widescale adoption of green hydrogen and the growth of the hydrogen economy. The Ministry of Industry and Advanced Technology (MoIAT) hosted a dialogue session at the UAE Climate Tech forum, which took place on May 10-and11 in the run-up

Adnoc Distribution to install solar panels on service stations

ADNOC Distribution (ADX: ADNOCDIST), the UAE’s largest fuel distributor and convenience store retailer, today announced a key partnership with Emerge, a joint venture between Masdar and EDF, to develop on-site solar power across its service station network, commencing in Dubai in 2023, to generate clean energy. Under the agreement,

ADNOC announces intention to float 15% minority stake in ADNOC Logistics & Services on ADX

ADNOC has announced its intention to float a 15% minority stake in ADNOC Logistics & Services (ADNOC L&S), its mission-critical global energy maritime and integrated logistics leader, on the Abu Dhabi Securities Exchange (ADX). The offering is expected to open on May 16, 2023, subject to regulatory approvals and other relevant

ADNOC L&S helps deliver energy to the world

Abu Dhabi and the UAE has a long and proud tradition of maritime trade, capitalising on the nation’s strategic location between east and west and proximity to key growth markets in Asia and Africa. Building on this proud tradition, ADNOC Logistics and Services (ADNOC L&S) is one of the UAE’s maritime success stories. As the

UAE bourses close in the green Monday

UAE financial markets Monday continued to capitalise on improved investor sentiments, with blue-chip banking and energy stocks leading the gainers in the Capital's bourse. Index FADGI closed 0.396 % higher at 9,499.200 pts, buoyed by robust trading over the National Marine Dredging Company and ADNOC Drilling, which grew 5.540% and