Business

BlackRock’s GIP, ADNOC, and Temasek target a $30 billion infrastructure pipeline in the GCC.

The new platform will focus on energy, logistics, digital, water, and transport assets. Dubai: Global Infrastructure Partners, a BlackRock company, will partner with L’IMAD, ADNOC,...

Dana Gas profit rises 72% on higher Egypt production and KRI adjustment.

Egyptian output returned to growth, while a KRI adjustment boosted first-quarter earnings. Dubai: Dana Gas posted a 72% increase in first-quarter profit, driven by a...

ADNOC L&S raises its 2026 guidance after reporting a profit of $222 million.

Higher shipping rates helped offset disruptions in the Strait of Hormuz and supported stronger 2026 guidance. Dubai: ADNOC Logistics and Services (ADNOC L&S) has raised...

UAE banks did not request Covid-era-style bailouts during the war, banking chief says.

UAE banking sector reports resilient profits and lending despite ongoing tensions. Dubai: Senior banking officials said the UAE banking sector has not sought any Covid-style...

Why purchasing gold in the UAE has now become cheaper for Indian expatriates.

A hike in India’s gold duty has expanded the price difference with the UAE, prompting GCC jewellers to brace for higher demand. Dubai: India’s move...

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