🇦🇪UAE Legal News

MNT-Halan has taken another step toward a potential stock market debut after the Egyptian Exchange (EGX) approved the temporary listing of 1.6 billion shares. The EGX Listing Committee approved the shares, representing an issued capital of EGP 160 million. The securities, split between two issuances, have a nominal value of EGP 0.10 each. The shares …

MNT-Halan Moves Closer to EGX Debut With 1.6 Billion Shares Provisionally Listed Read More »

Oman’s property market continued to show stronger activity in July 2026, with the total value of real estate transactions climbing to OMR 1.7157 billion, up 7.7 percent from OMR 1.593 billion recorded during the same period a year earlier. Property sales accounted for a significant portion of the market’s growth. The value of sales contracts …

Oman Real Estate Activity Crosses OMR 1.7 Billion as Transactions Gain Momentum Read More »

Fuel shortages could remain a feature of global energy markets even after the conflict between the US and Iran ends, as damaged refining facilities, delayed maintenance and efforts to rebuild fuel reserves continue to weigh on supply, according to Dangote Refinery CEO David Bird. The Nigerian refinery is positioning itself for a much larger role …

Dangote Refinery Warns Global Fuel Crunch Could Linger as Capacity Expansion Accelerates Read More »

Abu Dhabi-based International Holding Company (IHC) and the Adani Group are broadening their investment footprint in Odisha, joining hands with the state government on a proposed portfolio of 14 projects with a combined investment potential of about $22 billion (₹2.10 lakh crore). The proposed ventures cover a wide industrial and infrastructure landscape, including downstream metals, …

IHC, Adani unveil $22 billion Odisha investment push spanning 14 projects Read More »

HSBC has begun looking for its next chief financial officer after Pam Kaur confirmed she will leave the role in 2027, setting the stage for a leadership transition at one of the world’s largest banks. Kaur is expected to step down as CFO and executive director ahead of HSBC’s annual general meeting, typically held in …

HSBC Begins Search for Pam Kaur’s Successor as CFO Read More »

Brent crude held above the $100-a-barrel mark on Thursday even as prices eased slightly, with escalating attacks on shipping around the Gulf raising fresh concerns about disruptions to global oil supplies. Brent futures slipped 0.7% to $100.50 a barrel by 0619 GMT, while U.S. West Texas Intermediate crude fell 0.5% to $95.58. The latest gains …

Oil stays above $100 as tanker attacks revive fears of tighter supplies Read More »

Iraq is looking to significantly expand its oil export infrastructure, with plans to raise pipeline shipments through Syria and Türkiye’s Ceyhan port to more than 1 million barrels a day. Oil Minister Bassem Mohammed Khudair said Iraq’s crude exports had reached roughly 3 million barrels per day in September. He added that the country remains …

Iraq Eyes Major Expansion of Oil Export Routes Through Syria and Türkiye Read More »

Egypt’s mobile wallet ecosystem recorded another sharp expansion in the first half of 2026, with transaction activity climbing 62% year-on-year as consumers increasingly turned to digital payments. Data from the National Telecom Regulatory Authority (NTRA) showed that mobile wallets linked to telecom operators processed 2.22 billion transactions during the six-month period, compared with the previous …

Egypt’s Mobile Wallet Boom Accelerates as Transactions Cross EGP 2.9 Trillion Read More »

Dubai’s real estate sector is getting a major digital upgrade, with the Dubai Land Department rolling out an artificial intelligence-powered platform designed to transform how developers register projects, complete transactions and manage escrow-related processes. The new ‘Initial Registration’ platform brings several key procedures into a single digital environment, linking project registration, real estate transactions and …

Dubai Puts Property Registration on Fast Track With AI, Slashing Processing Time by 80% Read More »

The Middle East and North Africa could see electricity consumption surge to more than twice its current level by 2050, as artificial intelligence, data centres, hydrogen projects and expanding industries place unprecedented pressure on power systems. Electricity demand across the MENA region is projected to climb from 1,671 terawatt-hours in 2025 to 3,670 terawatt-hours by …

AI Boom Poised to Drive MENA Power Demand Beyond Double by 2050 Read More »