News
Turkey Wealth Fund raises $150m from insurance unit stake sale
4+ hour, 3+ min ago (22+ words) State-backed Turkey Wealth Fund has raised almost $150m (6. 75bn lira) by selling a 5 percent stake in insurance subsidiary T'rkiye Sigorta...
Oil rises after attack on UAE nuclear power plant
4+ hour, 17+ min ago (37+ words) Oil prices rose on Monday as talks to end the Iran war stalled and the UAE investigated a drone attack on a nuclear power plant...
Egyptian bourse expects 20 listings by year-end
4+ hour, 26+ min ago (19+ words) The Egyptian Exchange expects to list 20 state-owned companies by year-end, EGX deputy chairman Mohamed Sabry said...
How chaos in the Gulf has shocked Britain's economy
4+ hour, 10+ min ago (640+ words) The war with Iran has revealed how vulnerable the UK is to global supply upsets The economic damage inflicted on Britain by the Iran crisis has surprised many observers. The UK has relatively limited direct trade exposure to the Islamic…...
A Dubai property launch party in the shadow of war
6+ hour, 20+ min ago (514+ words) Danube Group's chairman offered 'a reality check wrapped in a pep talk' at the launch of the company's development, Greenz...
Masdar pushes ahead with $45bn deployment despite war
7+ hour, 4+ min ago (24+ words) Masdar is doubling down on AI and renewable energy expansion globally as it pushes ahead with plans to deliver 100 GW of capacity by 2030...
Dubai set for slower Eid Al Adha airport traffic
7+ hour, 3+ min ago (22+ words) Passenger traffic through Dubai International Airport (DXB) could fall as much as a quarter during this year's Eid Al Adha holiday...
Iraq's oil exports via Hormuz drop to 10m barrels in April
5+ hour, 47+ min ago (237+ words) Iraq exported 10 million barrels of crude through the Strait of Hormuz in April, compared to 93 million barrels per month before the'Iran conflict, the country's new oil minister said. Circumstances are difficult as a result of war in the region, the…...
Adnoc to speed up West-East pipeline construction
2+ day, 20+ hour ago (423+ words) Abu Dhabi National Oil Company is fast-tracking the construction of a pipeline that will allow it to double the amount of oil it exports without using the Strait of Hormuz. Adnoc is prioritising the second West-East pipeline, which will run…...
Masdar JV gets development approval for UK wind farms
3+ day, 2+ hour ago (330+ words) A joint venture between the UAE's Masdar and Germany's RWE has secured approval from the UK energy ministry to develop the Dogger Bank South offshore wind farms in the North Sea. The proposed wind farms, DBS West and DBS East,…...