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EU to decide on ADNOC’s acquisition of Covestro
The European Commission will decide by May 12, 2025, on ADNOC’s takeover of Covestro, a €15.9 billion deal that could reshape the global chemicals industry and expand ADNOC’s high-tech materials portfolio.
Absa opens Dubai office
South Africa’s Absa Group plans to launch a Dubai office in early 2026 to support growing trade between the Middle East and Africa and serve clients investing in African infrastructure.
UAE announces new petrol and diesel prices for April 2025
The UAE reveals April fuel prices, showing a continued decline in petrol and diesel costs to reflect global oil trends and support local motorists and commercial transport.
Dubai’s population to hit 4 million in 2025
Dubai’s population hits 3.9 million in Q1 2025, with forecasts pointing to 4 million by year-end as strong migration, tourism, and investment continue driving the emirate’s economic expansion.
UAE students use 3D bioprinting to treat Alzheimer’s
Students at UAE University harness 3D bioprinting and stem cell research to develop organ models and accelerate regenerative therapies for Alzheimer’s, Parkinson’s, and other complex diseases.
Trump plans to visit UAE, Saudi Arabia and Qatar
President Trump announces plans for a May visit to the UAE, Saudi Arabia, and Qatar to secure trillion-dollar investment deals and expand diplomatic ties in the Middle East.
Paul Hastings Opens Abu Dhabi Office
US law firm Paul Hastings opens new Abu Dhabi office led by Dean Eshanov and George Kazakov to serve as a regional hub for cross-border energy, infrastructure, and investment deals.
Cerebras Notifies CFIUS of Partnership with G42 Ahead of IPO
Cerebras Systems secures CFIUS approval by limiting G42 to non-voting shares, easing national security concerns ahead of its $1 billion IPO and challenge to Nvidia’s AI dominance.
UAE President Meets Montenegrin Prime Minister
President Sheikh Mohamed bin Zayed welcomes Montenegrin PM Milojko Spajić in Abu Dhabi to boost cooperation in trade, energy, and tourism, with new bilateral agreements signed to strengthen ties.
Gold hits new high amid Trump tariffs
Amid rising U.S. tariffs and fears of a global trade war, gold surged to a historic $3,110.76 per ounce, with investors fleeing to safe assets amid market volatility and slowing economic forecasts.