Edgnex drops $2.3B on A.I. in Indonesia
Dubai-based digital infrastructure firm Edgnex, a subsidiary of the Damac Group, has announced a landmark $2.3 billion investment to build a state-of-the-art data center in [more…]
Category: U.A.E.
Energy giant ADNOC eyes Santos in $18.7B deal
Australian oil and gas producer Santos announced today that it has received a non-binding takeover proposal from a consortium led by Abu Dhabi National Oil [more…]
Bitcoin rallies as countries back digital assets
Bitcoin has shattered previous records, reaching an all-time high of $109,400 during U.S. morning trading. This marks a dramatic 16% increase so far in May, [more…]
Indonesia’s $2.75 billion sukuk listings shine on Nasdaq Dubai
Indonesia’s Sukuk Soars on Nasdaq Dubai: A Bold Step in Islamic Finance Nasdaq Dubai has become a stage for Indonesia’s financial prowess, as the Republic [more…]
Hong Kong’s SFC grants temporary approval to 11 crypto exchanges
Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has thrown a lifeline to 11 cryptocurrency exchanges, giving them the green light to keep [more…]
Abu Dhabi National Oil Company has acquired a stake in OMV, an oil and gas group based in Austria
In a strategic move, the Abu Dhabi National Oil Company (ADNOC) has finalized the acquisition of a 24.9% stake in the Austrian oil and gas [more…]
UAE and Egypt’s central banks initiate a currency swap agreement
A significant boost in financial trade between the UAE and Egypt is anticipated following the formalization of a currency swap agreement by the monetary authorities [more…]