🇦🇪UAE Legal News

ABU DHABI: The Abu Dhabi Securities Exchange (ADX) has staged a first for global financial markets by holding its opening bell ceremony aboard a moving passenger train, turning an Etihad Rail service between Abu Dhabi and Fujairah into an unconventional trading venue. The event marked the latest expansion of ADX’s derivatives market, coinciding with the …

UAE Capital Markets Break New Ground as ADX Opens Trading Aboard a Moving Train Read More »

Egypt has recorded its highest-ever level of net foreign currency reserves, with the total surpassing the $55 billion mark at the close of June, marking a significant milestone for the country’s economy. Prime Minister Dr. Mostafa Madbouly announced the achievement during the government’s weekly press briefing, referencing the latest figures released by the Central Bank …

Egypt’s Foreign Currency Reserves Reach Unprecedented $55 Billion Milestone Read More »

Egypt’s central bank has opted to keep its benchmark interest rates unchanged, maintaining a cautious stance as inflation shows signs of moderation while policymakers continue to monitor regional developments and their impact on the economy. Following its latest Monetary Policy Committee meeting, the Central Bank of Egypt left the overnight deposit rate at **19%** and …

Egypt Leaves Interest Rates Unchanged as Inflation Eases and Growth Outlook Holds Firm Read More »

Abu Dhabi-listed ADNOC Logistics and Services (ADNOC L&S) is accelerating its fleet expansion after placing a $900 million order for four next-generation liquefied natural gas (LNG) carriers, strengthening its capacity to serve rising global gas demand. The new vessels, each offering a cargo capacity of 175,000 cubic metres, are scheduled to enter service in 2029. …

ADNOC L&S Deepens LNG Shipping Push With $900 Million Order for Four New Carriers Read More »

Abu Dhabi-based telecom and technology giant **e&** has decided to part ways with its investment in **Vodafone Group**, agreeing to sell its entire 16.21% shareholding in a transaction valued at around **AED 21.8 billion ($5.95 billion)**. The buyer is **Vega**, an acquisition vehicle wholly owned by the French **Niel family group**, marking the end of …

e& Cashes Out of Vodafone, Seals $5.95 Billion Share Sale to France’s Niel Family Read More »

Saudi Arabia’s project awards gathered strong momentum in June, with contracts worth more than SAR29.5 billion ($7.9 billion) awarded across 25 projects, making it the busiest month of 2026 by project count. While May remained the strongest month by overall value with awards exceeding SAR30 billion, June closely followed, underscoring sustained investment activity across the …

Saudi Project Awards Surge to Nearly $8 Billion in June as Construction Dominates Activity Read More »

The Abu Dhabi Securities Exchange (ADX) is set to eliminate daily trading price limits for Exchange Traded Funds (ETFs) and futures contracts, marking a significant change aimed at improving market efficiency and deepening liquidity. The new framework will come into force on August 3, 2026. By removing daily trading bands, the exchange intends to allow …

ADX Scraps Daily Price Caps on ETFs and Futures in Push for Faster, More Liquid Trading Read More »

ADNOC Distribution has struck a definitive agreement to acquire the entire shareholding of Shell Downstream South Africa (SDSA), advancing a transaction valued at roughly **$1 billion** that significantly expands the UAE energy retailer’s presence across Africa. The acquisition, which remains subject to customary regulatory approvals, is expected to close in **2027**. Although ADNOC Distribution will …

ADNOC Distribution Targets African Growth With $1 Billion South Africa Fuel Network Buyout Read More »

The resilience of Gulf banking systems in the second half of 2026 will depend largely on whether the ceasefire between the United States and Iran evolves into a durable peace agreement, according to a new assessment by Fitch Ratings. The ratings agency said the credit strength of banks across the Gulf Cooperation Council (GCC) has …

Gulf Banks Stay on Solid Ground, But Lasting US-Iran Peace Remains the Decisive Test: Fitch Read More »

Abu Dhabi-based investment firm BlueFive Capital has emerged as one of the lead investors in a funding round worth nearly $3 billion for Chinese artificial intelligence startup Kling AI, a company specializing in AI-powered video generation. The latest capital injection places Kling AI’s valuation at approximately $18 billion, underscoring growing investor confidence in the rapidly …

Abu Dhabi’s BlueFive Capital Backs $3 Billion Investment in China’s Kling AI at $18 Billion Valuation Read More »