Abu Dhabi’s Eagle Hills plans $6 Billion Georgia projects
Eagle Hills plans large-scale developments in Tbilisi, Batumi, and Gonio, boosting Georgia’s economy with new housing, retail, and commercial spaces.
UAE in talks with Kenya to extend railway to Uganda
Kenya and the UAE discuss extending the standard gauge railway to Uganda and South Sudan, aiming to enhance regional trade and economic integration.
French energy company Engie seeks to enter UAE renewable energy markets
Engie seeks entry into UAE and Saudi renewable energy markets, competing for major solar and wind projects as part of its strategy to expand clean energy investments.
Abu Dhabi’s ADQ plans to launch takeover bid for Aramex
ADQ’s Q Logistics Holding plans to acquire full control of Aramex with a $1.2 billion offer, aiming to strengthen its logistics portfolio amid strategic transformation plans.
Two Hong Kong hedge funds expand Dubai operations
Welwing Capital and Jetha Global join global asset managers expanding in Dubai, leveraging the UAE’s tax benefits and rising status as a key financial center.
OPEC oil output falls in UAE in December
OPEC oil production fell by 50,000 barrels per day in December, driven by a sharp decline in UAE output due to field maintenance, while Iran also saw reduced production despite gains in Nigeria and Libya.
UAE and Pakistan to boost cooperation in various economic sectors
UAE and Pakistan pledge to expand cooperation in trade, energy, infrastructure, and agriculture, reinforcing economic ties amid Pakistan’s efforts to attract foreign investment.