ADNOC Gas Awards $2.1 Billion Contracts For Ruwais LNG Project Infrastructure
The Ruwais LNG plant will be one of the world's lowest-carbon-intensity LNG facilities, using artificial intelligence and advanced digital technologies to enhance safety, reduce emissions, and improve efficiency.
Jan 10, 2025 6:31 AM EST
PETROAN Clarifies Request for ₦100 Billion Is Loan And Not 'Free Money'
PETROAN President Billy Gillis-Harry explained that the money would be used as seed capital to set up an energy bank.
Jan 09, 2025 7:02 AM EST
China Development Bank Approves $254.76 Million Loan For Kano-Kaduna Railway Project In Nigeria
The railway project is expected to boost economic activity along its route by supporting the growth of related industries and creating job opportunities for Nigerians during both the construction and operational phases.
Jan 09, 2025 7:00 AM EST
Emirati Billionaire Hussain Sajwani Pledges $20 Billion Investment In US Data Centers
Sajwani is an Emirati billionaire and the founder of DAMAC Properties, a leading real estate development company based in Dubai.
Jan 08, 2025 7:46 AM EST
Abu Dhabi Launches Registration And Licensing Authority To Boost Business Sector
ADRA will also coordinate with relevant entities to simplify licensing processes and ensure full compliance with laws, including those related to anti-money laundering (AML), preventing the financing of suspicious activities and addressing illegal organizations.
Jan 07, 2025 7:27 AM EST
ArcelorMittal South Africa Shutters Longs Steel Business, 3,500 Jobs At Risk
The closure will affect both the Newcastle and Vereeniging Works, as well as the Amras rail and structures unit. However, a smaller coke-making operation at the Newcastle site will remain but scaled back to reflect reduced demand.
Jan 06, 2025 7:18 AM EST
Dubai Municipality Launches AED400 Million Al Mamzar Beach Development Project Phase 2
Under the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the project aims to enhance the beach infrastructure with innovative designs that connect the creek and the corniche.
Jan 06, 2025 7:11 AM EST
Abu Dhabi Global Market Cuts Fees By 50% For Non-Financial, Retail Businesses From January
This move is designed to improve ADGM's business environment, making it more appealing and accessible to different types of businesses.
Jan 03, 2025 7:47 AM EST
Nigerian Telecom Companies Propose 100% Tariff Hike Pending Approval From Government
Toriola explained that the proposed tariff increase is essential for the sustainability of the telecommunications industry, which has been struggling with rising operational costs.
Jan 03, 2025 5:38 AM EST
Dubai Duty Free Achieves Record AED7.901 Billion Turnover In 2024
Dubai Duty Free recorded over 20.733 million sales transactions in 2024, averaging 56,649 per day. A total of 55.137 million units of merchandise were sold, and more than 13.7 million customers shopped at its arrival and departure stores.
Jan 02, 2025 7:27 AM EST
Ajman, Ireland Discuss Boosting Economic Ties, Investment Opportunities
Attendees highlighted opportunities for collaboration in agriculture, real estate, construction, information technology, and the food and beverage industries. They also stressed the importance of sharing information and statistics to support development efforts.
Dec 20, 2024 7:42 AM EST
UAE Deputy PM Launches Middle East's First Drone Delivery System At Dubai Silicon Oasis
Sheikh Hamdan placed the first order using the new drone delivery system during the launch, which was also attended by Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and Chairman of Dubai Airports.
Dec 18, 2024 5:38 AM EST
Nigerian Senate Approves 400% Capital Hike For Insurance Companies
The bill also increases reinsurance for insurance companies from ₦10 billion to ₦35 billion and raises the minimum capital for non-life insurance from ₦3 billion to ₦15 billion.
Dec 18, 2024 5:36 AM EST
Dubai Press Club Launches Economic Content Creators Program To Empower Digital Talent
This phase includes the Economic Content Creators Program, organized with the UAE Ministry of Economy, from Dec.16 to Jan. 8. The three-week program, led by experts and top financial media organizations, aims to train emerging media talent.
Dec 17, 2024 6:08 AM EST
NNPCL's $1 Billion Deal Signals Boost For Dangote Refinery And Nigeria's Oil Sector
Chief Corporate Communications Officer Olufemi Soneye said that these efforts showed Nigerian National Petroleum Company Limited's commitment to fostering national development partnerships.
Dec 17, 2024 6:06 AM EST
UAE's ADFD Invests AED 23 Billion In Bahrain's Infrastructure, Sustainable Development
Abu Dhabi Fund for Development has funded 33 key development projects in Bahrain, worth AED 23 billion. These projects span important sectors like housing, energy, transportation, and health.
Dec 16, 2024 6:05 AM EST
Nigeria's Dangote Refinery Begins Petrol Exports To Cameroon, Ghana, Angola, South Africa
Vice President of Oil and Gas at Dangote Industries Devakumar Edwin said the Dangote Group aimed to boost Africa's local refining capabilities, which will help drive industrial growth, create jobs, and improve economic prosperity.
Dec 16, 2024 3:55 AM EST
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