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Apple India produces $22 billion of iPhones in a shift from China

Apple Inc. assembled $22 billion worth of iPhones in India in the 12 months ended March, increasing production by nearly…

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Dubai: Dh1.4 billion stormwater drainage project to reduce flood risk in 9 areas

More than 36km of new drainage lines will be constructed, linking to the main Tasreef tunnel, which will ultimately connect…

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Business

ADNOC to offer approximately 3.1 billion shares of ADNOC Gas through marketed offering

Abu Dhabi National Oil Company (ADNOC) PJSC (“ADNOC”), the current majority shareholder of 90% of the ordinary shares in ADNOC…

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Business

Dubai Property Market Enjoys big Start to 2025 as January sales hit AED44.4 billion   

Dubai’s real estate market has made a strong start to 2025, with property sales in January totalling AED 44.4 billion,…

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Saudi Crown Prince says Kingdom Intends to Invest $600 Billion in US during call with Trump

Saudi Arabia’s crown prince said Thursday the kingdom wants to invest $600 billion in the United States over the next…

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Business

Islamic Treasury Bonds Auction for January 2025 Attracts Bids Worth AED 6.91 Billion 

The Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the…

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Business

Investors Earn Record AED60 Billion Profits from Dubai’s re-sale Property Market   

Investors in Dubai real estate notched up record profits of almost AED60 billion from the re-sale market last year.  A…

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ADNOC Gas awards $2.1 billion in Contracts to Enhance LNG Supply Infrastructure

ADNOC Gas plc and its subsidiaries (together referred to as “ADNOC Gas” or the “Company”), a world-class integrated gas processing…

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Business

NMDC Energy awarded $1.136 Billion EPC Contract for Taiwan Subsea Gas Pipeline Project 

NMDC Energy PJSC (ADX: NMDCENR), a provider of engineering, procurement and construction (EPC) services for offshore and onshore energy clients,…

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Japan approves $730 billion budget for FY 2025

Japan’s government on Friday approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal year 2025. According…

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