LATEST ARTICLES

SEPTEMBER-19

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Brooge Petroleum to list on Nasdaq in reverse merger worth $1bn

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Brooge Petroleum & Gas Investment Co. plans to list on the Nasdaq this year after agreeing to a reverse merger with Twelve Seas Investment Co. in a deal valued at about $1 billion. United Arab...
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Emirates says $150m Boeing 777 revamp project completed

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Emirates Airline has announced that it completed the reconfiguration of its last Boeing 777-200LR aircraft following a $150 million investment. The Dubai-based airline said it is converting the 10 Boeing 777-200LR aircraft from three to...
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Sharjah ruler inaugurates new $1.6bn Khorfakkan highway

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Sheikh Dr Sultan bin Mohamed Al Qasimi, Ruler of Sharjah, has inaugurated the new Khorfakkan highway, which extends 89km and has an estimated cost of AED6 billion. The new highway is the latest addition to...
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ZonesCorp says to launch Abu Dhabi, Al Ain industrial projects

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ZonesCorp, which oversees 50 sq km of developed areas in Abu Dhabi City and Al Ain, is set to announce two new investment projects. Covering a total area of two million sq m, the new...
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Dubai’s Tristar inks deal for six oil, chemical tankers

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UAE-based oil and gas logistics firm Tristar Group has signed firm contracts for six new build oil and chemical tankers with South Korean shipbuilder Hyundai Mipo Dockyard. The vessels will be delivered between the middle...
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UAE sees pick up in new real estate projects despite subdued market

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New real estate project launches have picked up again in 2019 despite concerns about oversupply in the UAE, according to new research. Asteco's Q1 2019 - UAE Real Estate Report said that despite prevailing soft...
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Pakistan Navy successfully test-fires missile in Arabian Sea

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The Pakistan Navy successfully test-fired a missile capable of hitting targets from sea to sea as well as sea to surface, according to a Navy spokesperson. The locally developed missile was tested from "Fast Attack...
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PPL becomes pioneer Pakistani company to successfully spud international well in Iraq

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Pakistan Petroleum Limited, one of the country’s leading energy companies, made history by becoming the first Pakistani company to successfully spud its first international exploration well in Iraq. This achievement has firmly imprinted PPL’s...
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CDWP clears BRT Red Line Project, 500 KV HVDC Transmission System for CASA-1000.

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Central Development Working Party (CDWP), under the chairmanship of Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar, accorded approval to a project worth Rs.552.708 million and recommended 03 projects worth Rs.209.5 billion...
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