Category Archives: Business & Investments

Business & Investments

PCFC Achieves ISO Certifications Boosting Dubai’s Global Trade

  • Abdulla Bin Damithan: Institutional resilience and operational excellence remain central to supporting Dubai’s global competitiveness.

The Ports, Customs and Free Zone Corporation (PCFC) has achievedthree internationally recognized ISO certifications in partnerships, business continuity, and asset management, reinforcing its commitment to operational excellence, institutional resilience, and the adaptation of global best practices in support of Dubai’s sustainable economic vision.

The certifications include ISO 44001:2017 for Collaborative Business Relationship Management Systems, ISO 22301:2019 for Business Continuity Management Systems, and ISO 55001:2024 for Asset Management Systems.

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Business & Investments, Featured

AD Ports Group Acquires MBS Logistics: What This Means for Global Trade

Acquisition offers an established Germany-based freight forwarding platformwith immediate access to key European logistics corridors and China-West trade lanes

Abu Dhabi, UAE – 18May 2026: AD Ports Group (ADX: ADPORTS), a leading global enabler of integrated trade, industry and logistics solutions, today announced that it has signed an agreement to acquire MBS Logistics, a Germany-based global integrated logistics services provider, for an Enterprise Value of AED 300 million (EUR 70 million).The acquisition entails 100% ownership of MBS Logistics’ core business, excluding the company’s joint ventures, and represents anothersignificant step in the Group’s strategy to enhance operational scale, manage largervolumes, and expand its global footprint.

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Business & Investments

Nvidia Networking Revenue Jumps 263% Year-on-Year to Record USD$11 Billion

Abu Dhabi, United Arab Emirates – May 18, 2026: Nvidia reports after the US close on Wednesday, and it’s comfortably the biggest event of the week for global markets. Shares are up over 65% in the last 12 months, lifting its market cap close to USD$5.5 trillion.

Josh Gilbert, Market Analyst at eToro

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Business & Investments

Under the patronage of H.E. Sultan bin Salim bin Said Al Habsi, Minister of Finance

Award of Power Purchase Agreement for the Continuous Renewable Energy Project in Mahout and Duqm

The project will deliver stable round-the-clock clean power and pave the way for Oman’s future energy systems

Muscat, 18 May 2026 – Nama Power and Water Procurement and O-Green celebrated the signing of the award of the Power Purchase Agreement for the Continuous Renewable Energy Project, combining wind, solar and battery energy storage systems in the wilayats of Mahout and Duqm, with a total installed generation capacity of 2.7 gigawatts.The signing ceremony was held under the patronage of H.E. Sultan bin Salim bin Said Al Habsi, Minister of Finance.

The award letter was signed on behalf of Nama Power and Water Procurement by Ahmed bin Salim Al Abri, Chief Executive Officer, and on behalf of O-Green by Mustafa bin Mohammed Al Hinai, Chief Executive Officer.

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Business & Investments

Oman Cables Showcases Sustainability-led Innovation at Oman Sustainability Week 2026

Oman –18May, 2026: Oman Cables Industry,the Sultanate’s leading cable manufacture and solution provider,is taking center stageat Oman Sustainability Week (OSW) 2026 to reinforce its role in enabling the energy transition prioritiesacross Oman and the wider region.As demand grows for more resilient power systems, renewable integration, and digital infrastructure, Oman Cables is showcasing how advanced cable technologies and engineering innovation support the systems powering modern economies, while reinforcing the company’s sustainability-led innovation ambitions and long-term contribution to a more resilient and low-carbon future.

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