Business

 Source : Gulf Business Azerbaijan’s SOFAZ Invests $50 Million in ADNOC Gas Pipeline Assets Through Lunate-Managed Fund Abu Dhabi, UAE – May 30, 2025 – The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has announced a $50 million investment in ADNOC Gas Pipeline Assets LLC (AGPA), a critical energy infrastructure asset in the United Arab Emirates. The investment, facilitated through a specialized fund managed by Abu Dhabi-based global alternative investment firm Lunate Capital, marks a significant step in SOFAZ’s strategy to diversify its portfolio and strengthen economic ties within the Gulf Cooperation Council (GCC) region. Strategic Investment in UAE Energy Infrastructure ADNOC Gas Pipeline Assets, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), holds leasing rights to a network of 38 pipelines spanning 982 kilometers across the UAE. This extensive network, which includes 12 pipelines dedicated to sales gas, 15 for gas injection, and 11 for natural gas liquid...

Source: Emirates 24/7 'Make it in the Emirates' 2025 Concludes with Over AED 11 Billion in New Industrial Projects Abu Dhabi, UAE  – The fourth edition of the 'Make it in the Emirates' forum, a cornerstone of the UAE’s industrial and technological advancement strategy, wrapped up its four-day run at the Abu Dhabi National Exhibition Centre (ADNEC) with unprecedented success. The event, held from May 19 to May 22, 2025, culminated in the announcement of new industrial projects valued at over AED 11 billion, marking a significant milestone in the UAE’s journey toward economic diversification and industrial self-sufficiency. Organized by the Ministry of Industry and Advanced Technology (MoIAT) and the ADNEC Group, with support from the Ministry of Culture, the Abu Dhabi Investment Office (ADIO), and ADNOC, the forum attracted over 122,500 visitors and facilitated the signing of 187 agreements and Memoranda of Understanding (MoUs). These agreements focused on strengthening ...

Source: WE News English Trump Agrees Deal for UAE to Build Largest AI Campus Outside the US In a historic move that underscores the growing geopolitical importance of artificial intelligence, former U.S. President Donald Trump has signed a strategic agreement with the United Arab Emirates (UAE) to support the development of what will become the largest AI campus outside the United States . Announced during a high-profile economic summit in Abu Dhabi, the deal positions the UAE as a leading global hub for next-generation AI development, research, and deployment — while marking a notable deepening of U.S.-UAE tech collaboration under Trump’s influence on the global stage. A $10 Billion Vision The project, reportedly valued at over $10 billion , will be built in Masdar City , the UAE’s sustainable innovation district. The AI campus is expected to house top-tier AI research labs, quantum computing centers, university partnerships, accelerator hubs , and data infrastructure capable of ...

Salik Revenue Soars Over Dh750 Million in Q1 2025, Driven by Variable Rates, New Toll Gates, and Fines Dubai's toll gate operator, Salik Company PJSC, has reported a sharp surge in revenue, exceeding AED 750 million in the first quarter of 2025 — marking one of its strongest performances since listing on the Dubai Financial Market (DFM). According to the company’s Q1 financial report released today, the revenue jump was fueled by three key factors: the introduction of new toll gates, a dynamic pricing structure, and a significant rise in traffic violation fines. Strategic Expansion Pays Off Salik, which operates Dubai’s automated road toll system, has expanded its network of toll gates over the past year in a bid to manage traffic congestion and optimize city-wide mobility. New toll points were added in high-traffic zones such as Business Bay, Jumeirah, and Al Khail, significantly increasing overall vehicle throughput. “Strategic placement of new gates has been instrumental in impr...

Mubadala's Global Strategy Delivers: Abu Dhabi Sovereign Wealth Fund Reports 9% Asset Growth in 2024 Abu Dhabi, UAE – In a strong display of strategic resilience and global foresight, Mubadala Investment Company , one of the UAE’s premier sovereign wealth funds, reported a 9% increase in total assets under management in 2024 , pushing its portfolio to over $300 billion . This surge reflects Mubadala’s continued commitment to diversified, future-focused investments , solidifying its role as a key player in global capital markets. 🔍 Diversification Drives Performance In a year marked by macroeconomic headwinds and shifting geopolitical dynamics, Mubadala’s well-balanced strategy paid off. The fund expanded its reach in high-growth, innovation-driven sectors including: Technology & Artificial Intelligence – Strategic stakes in global AI firms, semiconductor companies, and digital infrastructure hubs. Green & Renewable Energy – Significant capital deployed into h...

  UAE Poised for Strong Economic Growth in 2025, Says IMF — Abu Dhabi to Lead with 4.2%, Dubai to Follow with 3.3% Abu Dhabi/Dubai, May 2025 – The International Monetary Fund (IMF) has released a bullish economic forecast for the United Arab Emirates, signaling continued resilience and expansion in the nation’s two largest emirates. According to the IMF’s latest projections, Abu Dhabi’s economy is expected to grow by 4.2% in 2025 , with a notable uptick to 5.8% in 2026 , positioning the capital as a regional growth leader. Meanwhile, Dubai’s economy is set to grow by 3.3% in 2025 , rising to 3.5% the following year , reflecting steady momentum in non-oil sectors. The forecasts come at a time of considerable global uncertainty, where economic risks in the form of rising geopolitical tensions , supply chain disruptions , and volatile oil prices have forced the IMF to revise down its growth outlook for the broader Middle East and North Africa (MENA) region. The region’s overall g...