Musk seeks up to $134 billion from OpenAI, Microsoft in 'wrongful gains'
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft (MSFT.O), opens new tab, arguing he deserves the "wrongful gains" that they recei ...
ADB, Masdar Sign $30 Million Deal to Boost Solar Energy, BESS Capacity in Uzbekistan
Abu Dhabi -- The Asian Development Bank (ADB) and Abu Dhabi Future Energy Company Private Joint Stock Company (Masdar) have signed a $30 million fi ...
OPEC forecasts higher global oil demand in 2027
Abu Dhabi -- The Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday that the global oil demand for 2027 is estimated to be ...
SK Hynix to Invest $12.9 Billion in Advanced Chip Packaging Plant
Seoul — South Korean semiconductor manufacturer SK Hynix announced Tuesday its plan to invest 19 trillion Korea ...
SK Hynix to Invest $12.9 Billion in Advanced Chip Packaging Plant
Seoul — South Korean semiconductor manufacturer SK Hynix announced Tuesday its plan to invest 19 trillion Korea ...
World Bank: UAE economy to grow 5% in 2026; 5.1% in 2027
WASHINGTON -- The World Bank expects the UAE economy to grow by 5% in 2026, rising to 5.1% in 2027, according to its latest Global Economic Prospec ...
Abu Dhabi’s $300 Billion Plan Accelerates Clean Energy Shift For A Sustainable Future
Abu Dhabi -- Abu Dhabi has announced a major investment plan of $300 billion to modernize its energy and water systems over the next decade, placin ...
Eight Japanese firms showcase energy transition solutions at Abu Dhabi Sustainability Week
AbuDhabi -- The Japanese pavilion at the World Future Energy Summit, held as part of Abu Dhabi Sustainability Week, is showcasing a wide range of a ...
Nigeria and UAE Agree Accord to Boost Trade Ties, Unlock Investment
AbuDhabi -- Nigeria and the United Arab Emirates (UAE) have signed a Comprehensive Economic Partnership Agreement (CEPA) that will eliminate tariff ...
IRENA Assembly Charts Bold Energy Transition Agenda for 2026
Abu Dhabi – The 16th International Renewable Energy Agency (IRENA) Assembly convenes from 11-12 January 2026 in Abu Dhabi marking the first i ...
Aldar Prices $1 Billion Hybrid Notes to Support Growth Strategy
Abu Dhabi – Aldar Properties PJSC has announced the successful pricing of $1 billion subordinated hybrid notes, reinforcing its capital struc ...
Trump orders his 'Representatives' to buy $200 billion in mortgage bonds
Washington -- U.S. President Donald Trump said on Thursday he is ordering his representatives to buy $200 billion in mortgage bonds to bring down h ...
Exxon Mobil Warns of Up to $1.2 Billion Hit to Upstream Earnings Amid Falling Oil Prices
Texas — January 8, 2026. Exxon Mobil Corp. (NYSE: XOM) announced that declining crude prices are expected to weigh heavily on its upstream op ...
Eurozone inflation falls to ECB’s 2% target as price pressures ease
The breakdown of inflation highlights a familiar pattern. Services continued to record the strongest annual increase, at 3.4%, although this was sl ...
ADNOC Approves Major Deep Gas Development Offshore Abu Dhabi
Abu Dhabi -- ADNOC, the national oil company of the United Arab Emirates, on Wednesday announced the final investment decision for the SARB Deep Ga ...
UAE financial markets soar in 2025, signaling strength and global investor confidence
Abu Dhabi  -- In 2025, the UAE’s financial markets delivered remarkable performance, highlighting the strength of the national economy a ...
Mohammed bin Rashid Chairs UAE Cabinet, Reviews National Achievements Over the Last 20 Years
Abu Dhabi -- His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has chaired a Cab ...
DAE completes landmark transactions in 2025
Dubai -- Dubai Aerospace Enterprise (DAE), the global aviation services company, has reported its business transactions update for the full year 20 ...
China imposes sanctions on US defence firms over Taiwan arms deal
Bakin -- China’s foreign ministry has hit US defence companies including Boeing with sanctions after Donald Trump approved a large package of ...
ADQ closes $5bln financing deal with Asian financial institutions
Abu Dhabi -- ADQ, an active sovereign investor focused on critical infrastructure and global supply chains, today announced the successful closing ...
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