Merec Industries, with a processing capacity of 1.0 million MTpa, is expected to add over USD272 million to Invictus’ consolidated revenues
Latest News
Abu Dhabi
Borouge beats market expectations with 24% jump in 2024 net profit
Production levels soar to a historic 5.2 million tonnes and record annual sales volumes reach 5.3 million tonnes
Branded residences
EXCLUSIVE: Prince of Georgia eyes UAE investors for Georgian luxury real estate
The strengthening ties between the UAE and Georgia have created a natural investment corridor
Dubai
Therme Dubai: Sheikh Hamdan announces world’s tallest $545mn well-being resort
The AED 2 billion development will feature an interactive park and the world’s largest indoor botanical garden in Dubai
Bitcoin
Bitcoin price rebounds to cross $100,000 amid lingering fears of major crypto market upheaval
Ethereum rebounded from $2,451 on Monday to $2,799 on Tuesday, marking a significant recovery for the major cryptocurrency
Dubai
One man, 40 years, one thousand rings: Inside the Yves Gastou collection of men’s rings in Dubai
Collected for over 40 years, the rings represent more than just jewellery – it’s a chronicle of craftsmanship, history, and passion that spans continents and centuries
Abu Dhabi
Modon Holding to acquire temporary infrastructure giant Arena
Financial details not disclosed; Transaction to be completed by Q1 2025; Facilitates Modon’s entry into North American market
Dana Gas
Workers safe after another drone attack on Dana Gas’ Khor Mor facility
Production continues as normal; Second such attack in a year after four workers were killed and eight injured in April 2024
Dubai South
Dubai South adds 415 companies and 500,000sq ft of office space in year of expansion
Dubai South now has more than 4,000 operating companies
Cybersecurity
UAE Cabinet launches cybersecurity strategy, review Dubai to Abu Dhabi train project, establish logistics council introduce innovation month
The UAE Cabinet reviewed and launched major projects at weekly meeting
Airports
Doha’s Hamad International Airport announces major expansion
Hamad International Airport in Doha adds 51,000sq m of space to Doha transport hub
chemical industry
TA’ZIZ announces $1.7bn award to build UAE methanol plant
TA’ZIZ awards SAMSUNG E&A contract to build UAE methanol plant
food security
Global shortage causes egg price spike amid bird flu fears: Is the UAE effected?
The global egg shortage is mainly the result of a large outbreak of avian influenza, or bird flu–but is the UAE affected?
Dubai Chambers
Dubai International Chamber attracted 207 new companies last year and supported 114 local firms with international expansion
Dubai International Chamber recorded 55 per cent uplift in MNCs coming to the emirate
Dubai
Dubai’s Mall of the Emirates introduces new barrier-less parking system
The new system operates through licence plate recognition technology, which tracks vehicles upon entry and exit
Dubai Metro
Dubai public transport carried over 747m passengers last year, Metro and Taxi most popular
Dubai saw a 6.4 per cent increase in number of public transport journeys in 2024