Emirates Business News

08/09/2025

Emaar Misr for Development (EMFD.CA), the Egypt-listed subsidiary of UAE-based Emaar Properties, has signed a strategic agreement with prominent Saudi and Emirati partners to launch a large-scale tourism development on Egypt’s Red Sea coast. With projected investments totaling approximately 900 billion Egyptian pounds (around $29 billion), the project aims to create a world-class destination that blends luxury tourism, sustainable infrastructure, and economic growth. This landmark collaboration underscores the growing regional interest in Egypt’s tourism and real estate sectors, and aligns with the country’s Vision 2030 goals to transform its Red Sea coastline into a global tourism and investment hub. The partnership is expected to generate thousands of jobs, attract international visitors, and significantly boost the national economy.

07/09/2025

Soueast partners with Dubai Fashion Week to showcase a groundbreaking vision where innovation meets elegance. This collaboration highlights the fusion of automotive design with fashion, opening a new chapter in mobility aesthetics that embodies creativity, style, and forward-thinking luxury. A celebration of how technology and fashion together can inspire the future of lifestyle and movement.

02/09/2025

📌 Ras Al Khaimah Economic Zone (RAKEZ) organized a dedicated client session focused on strategic compliance and infrastructure development, underscoring its commitment to fostering a transparent and sustainable business environment.

🔹 The session brought together RAKEZ clients, experts, and stakeholders to discuss the latest regulatory frameworks, compliance strategies, and infrastructure initiatives shaping the emirate’s economic landscape.
🔹 By aligning with international best practices and ensuring robust infrastructure, RAKEZ aims to provide investors with the confidence and support needed for long-term success.
🔹 The initiative reflects RAKEZ’s proactive role in building a competitive and future-ready business ecosystem, reinforcing its position as a hub for innovation, investment, and growth in the UAE.

🌍 With compliance and infrastructure at the heart of global business competitiveness, RAKEZ continues to strengthen its offerings, empowering companies across diverse sectors to thrive and expand.

01/09/2025

📌 ADNOC Gas has entered into a landmark 15-year Liquefied Natural Gas (LNG) Sales and Purchase Agreement with Indian Oil Corporation Ltd. (IndianOil), one of India’s largest energy companies.

🔹 Under the agreement, ADNOC will deliver up to 1.2 million metric tonnes per annum of LNG to India, strengthening energy security for one of the world’s fastest-growing markets.
🔹 The long-term partnership highlights the deepening energy cooperation between the UAE and India, aligning with both nations’ strategies for sustainable economic growth.
🔹 The deal underscores ADNOC’s role as a reliable supplier of low-carbon energy solutions, supporting the global energy transition while meeting rising demand.

🌍 With LNG demand in Asia projected to grow significantly, this agreement not only reinforces ADNOC’s global footprint but also enhances bilateral trade ties, contributing to the UAE’s vision of being a key energy partner for the future.

31/08/2025

Abu Dhabi-based alternative investment firm Lunate is set to acquire a minority stake in Brevan Howard, one of the world’s leading hedge fund managers. The deal reflects the growing influence of Gulf investors in the global asset management industry, as sovereign-backed firms and private capital from the region continue to expand their footprint in international finance.

For Brevan Howard, a firm renowned for its macro trading strategies and global hedge fund expertise, the partnership with Lunate provides both long-term capital support and access to a network of investors across the Middle East. For Lunate, the move marks another step in diversifying its portfolio and positioning itself at the heart of the global alternatives market.

This investment highlights Abu Dhabi’s broader strategy to strengthen its presence in financial services and asset management, reinforcing the emirate’s role as a growing hub for global capital flows.

28/08/2025

27/08/2025

Abu Dhabi National Energy Company (TAQA) is set to leverage its landmark $1.2 billion acquisition of GS Inima as a springboard for expanding its global footprint in the water sector. The deal, one of the largest of its kind, positions TAQA as a major player in sustainable water solutions, with GS Inima’s extensive portfolio of desalination and wastewater treatment projects providing a strong launchpad.

The acquisition aligns with TAQA’s long-term strategy to diversify its utilities portfolio, enhance expertise in advanced water technologies, and contribute to addressing global water scarcity challenges. By combining GS Inima’s international presence with TAQA’s scale and resources, the company aims to strengthen its role in shaping the future of water infrastructure worldwide.

26/08/2025

The UAE Central Bank significantly increased its gold holdings in the first five months of the year, with reserves rising by 26% to reach $7.9 billion by the end of May. The move highlights the growing role of gold as a safe-haven asset amid global economic uncertainties and volatile markets.

Gold now represents a larger share of the Central Bank’s diversified reserve strategy, reinforcing financial stability and hedging against currency and inflation risks. The steady accumulation underscores the UAE’s proactive approach in strengthening its monetary reserves and safeguarding long-term economic resilience.

25/08/2025

Abu Dhabi Global Market (ADGM) and ADGM Academy have joined forces with the Technology Innovation Institute (TII), Hub71, and ASPIRE, marking a strategic collaboration to strengthen Abu Dhabi’s position as a global hub for technology and innovation.

The partnership aims to foster cutting-edge research, support the growth of deep-tech startups, and accelerate the adoption of advanced technologies across sectors. Through joint programmes, training initiatives, and innovation-driven platforms, the collaboration will empower talent, enable entrepreneurship, and attract global investment.

By uniting financial expertise, academic excellence, and technological innovation, this initiative reflects Abu Dhabi’s vision to build a knowledge-based economy and nurture the next generation of digital leaders.

24/08/2025

From pioneering interiors to shaping real estate in the UAE, Al Huzaifa celebrates its 50-year journey of innovation and elegance. The brand’s evolution reflects a bold expansion—merging design heritage with luxury living for the future. 🏛️✨

19/08/2025

Australia’s Santos Ltd. announced that the $18.7 billion takeover bid by a consortium led by Abu Dhabi National Oil Company (ADNOC) will be delayed by at least four more weeks, pushing beyond the extended August 22 deadline.

Santos had granted an exclusive due diligence extension until August 22, but the consortium informed the company that additional time is required to secure regulatory approvals — and possibly longer if the process follows the standard timetable.

14/08/2025

Greece has postponed plans to connect several islands to the mainland power grid as part of its €6 billion investment strategy, citing project complexities and extended timelines. While the interconnection projects remain a priority to boost energy security and integrate renewables, authorities say the delay will allow for more thorough planning and cost management.