Seoul: The Republic of Korea’s industrial output posted its fastest growth in five years and eight months in February, driven by gains in manufacturing and services, government data showed Tuesday. Industrial production rose 2.5 percent from a month e…
Abu dhabi: IHC, a global investment company focused on building dynamic value networks, on Tuesday announced that it has received all requisite regulatory approvals to acquire approximately 41.5 percent stake in Sammaan Capital Limited on a fully dilu…
Riyadh: The Saudi Ministry of Defence announced on Tuesday the interception and destruction of 10 drones.
According to Emirates News Agency, the Saudi Press Agency (SPA) quoted the Ministry of Defence Spokesperson Major General Turki Al-Malki as say…
Abu dhabi: The Abu Dhabi Department of Energy (DoE) has announced the launch of the second phase of its Solar Energy Self-Supply Policy, expanding its scope to include the residential sector for the first time in Abu Dhabi.
According to Emirates New…
Dubai: The Dubai Virtual Assets Regulatory Authority (VARA) on Tuesday introduced a comprehensive regulatory framework for Exchange Traded Derivatives (ETD) in virtual assets, making Dubai one of the world’s first jurisdictions to bring VA derivatives…
Brussels: The European Commission has urged member states to cut back on oil and gas usage, especially within the transport sector, as the ongoing conflict in the Arabian Gulf threatens potential supply disruptions and exacerbates the current energy c…
Abu dhabi: E Point Zero Holding RSC LTD (ePointZero), a subsidiary of Two Point Zero Group PJSC, has entered into an agreement to acquire a 100% stake in US-based Traverse Midstream Partners, LLC in a deal valued at US$2.25 billion. Founded in Abu Dha…
Vienna: XRG, ADNOC’s international investment arm, and OMV Aktiengesellschaft (OMV) today announced the successful formation of Borouge Group International AG, to operate under the brand name ‘Borouge International’. It is the world’s leading pure-pla…