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Essar signs $500 million energy supply deal with Abu Dhabi-based IRH

Indian energy company Essar Energy Transition Fuels has signed a $500 million agreement with Abu Dhabi-based International Resources Holding (IRH) to secure crude oil supplies and strengthen fuel distribution operations. The partnership reflects growing efforts by energy companies to ensure stable access to resources amid uncertainty in global......

Morocco and UAE deepen cooperation on human rights framework

A memorandum of understanding was signed in Rabat between Morocco’s Interministerial Delegation for Human Rights and the UAE Permanent Committee on Human Rights, marking a new phase in institutional cooperation between the two countries. The agreement was concluded during an official visit by an Emirati delegation on 10 and 11 June,......

Emirates expands closed loop recycling across onboard operations

Emirates has expanded its closed loop recycling system as part of a broader environmental strategy focused on reducing onboard waste and increasing material reuse. The initiative, launched in June 2023, has processed more than 88,000 kilograms of plastic collected from economy class catering equipment over the past year. The materials are......

SpaceX ipo sparks global rush across investment markets

SpaceX is preparing for a public listing that has triggered a broad surge in investor activity across global markets. The company is expected to begin trading on the Nasdaq on June 12 under the ticker symbol SPCX, with a valuation and structure that position it among the largest listings in the aerospace sector. The move has intensified demand......

European airlines’ booking surge fades as Gulf carriers recover capacity

European airlines are seeing a rapid slowdown in the booking surge that followed major disruptions to Gulf aviation hubs, as Middle Eastern carriers restore capacity and reclaim market share across long-haul routes. The temporary shift in demand emerged after airspace restrictions and route closures triggered by an armed escalation involving......

Bybit opens access to Tokenized SpaceX IPO for retail investors

The cryptocurrency exchange Bybit has announced a new initiative aimed at expanding access to investment opportunities by allowing retail investors to participate in tokenized initial public offerings (IPOs). The program is set to begin with a tokenized offering linked to SpaceX, one of the world's most closely watched aerospace companies. The......

Etihad Airways expands fleet as demand drives growth recovery

Etihad Airways is moving forward with an ambitious expansion strategy by increasing its fleet of widebody aircraft, reflecting growing confidence in the recovery and long-term growth of international air travel. The Abu Dhabi-based carrier expects passenger demand and operational capacity to continue rising throughout the year, supported by......

Morocco strongly condemns attack targeting the Barakah nuclear power plant in the UAE

Morocco has strongly condemned the drone attack that targeted infrastructure associated with the Barakah Nuclear Power Plant in the United Arab Emirates, reaffirming its solidarity with the Emirati government and its commitment to international nuclear safety standards. The position was expressed during an extraordinary session of the Board......

Qatar and UAE adopt ghost fleet tactics for LNG shipments

Qatar and the United Arab Emirates have begun switching off automatic tracking systems on liquefied natural gas carriers as vessels transit the Strait of Hormuz. The move involves disabling AIS transponders, which normally broadcast a ship’s identity and position, allowing the ships to move with reduced visibility in one of the world’s......

Gulf sovereign funds deploy 25 billion dollars amid Iran war shock

Global sovereign wealth funds from the Gulf continued heavy investment activity despite the escalation of war involving Iran. A new sector report covering the March to May period shows that public investors across Gulf Cooperation Council states executed around 25 billion dollars in global transactions. The pace matched or exceeded prewar......

Moulay Hafid Elalamy takes control of Swedish bank stake

Moroccan businessman Moulay Hafid Elalamy has taken 92.3 percent control of Arktika Capital AB, a Sweden based licensed credit institution focused on distressed debt. His son, Moulay Mhamed Elalamy, has been appointed chief executive officer of the company. The stake is held through a network of investment vehicles linked to Saham Group.......

Gulf states accelerate overseas renewable investments amid Hormuz crisis

As military tensions around the Strait of Hormuz entered a third month, Gulf oil-producing states intensified investments in renewable energy projects abroad. The move reflects growing efforts to reduce exposure to disruptions that have constrained hydrocarbon exports and reshaped energy priorities across the region. Abu Dhabi has been at......

Eid Al-Adha: HM King Mohammed VI receives congratulations from the Vice President of the United Arab Emirates

On the occasion of Eid Al-Adha, His Majesty King Mohammed VI received a congratulatory message from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the United Arab Emirates, Prime Minister, and Ruler of Dubai. In his message, Sheikh Mohammed bin Rashid Al Maktoum extended his sincere congratulations and best wishes to......

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