Category Archives: Business & Investments

Business & Investments

Abu Dhabi’s Economy Thrives: Non-Oil Trade Hits AED 415.4 Billion

Non-oil exports soar 63%, re-exports 20%, and imports 22%

Abu Dhabi- … April 2026:

Statistics released by Abu Dhabi Customs reveal a significant rise in the emirate’s non-oil foreign trade in 2025, increasing by 36% to exceed AED 415.4 billion, compared with approximately AED 306 billion in 2024. This growth reflects Abu Dhabi’s leading position as one of the world’s fastest-growing economies in external trade, driven by expanding commercial activity and strengthened economic partnerships with global markets.

Continue reading Abu Dhabi’s Economy Thrives: Non-Oil Trade Hits AED 415.4 Billion →
Business & Investments, Technologies

Navigating AI and Blockchain in Finance

ABU DHABI, UAE, 28th April 2026 — ADGM’s Registration Authority (RA)and Hashed Open Research (HOR), a Hashed policy think tank, have co-authored a new policy report synthesising insights from the “Web3 Leaders Roundtable,” convened in partnership with Hashed during Abu Dhabi Finance Week (ADFW) 2025.

Continue reading Navigating AI and Blockchain in Finance →
Business & Investments, Technologies

OKX and BlackRock Launch Tokenized Treasury Yield Collateral Framework

• OKX to accept BlackRock’s tokenized short-term US treasury fund, BUIDL, as yield-bearing collateral for trading

• Standard Chartered to provide a comprehensive and reliable custody offering, the first-ever G-SIB-backed off-exchange tokenized collateral framework

• Initiative scales utility of tokenized real-world assets (RWA) and enables broader market participation

Continue reading OKX and BlackRock Launch Tokenized Treasury Yield Collateral Framework →
Business & Investments

Ajman Bank Reports AED 134M Profit in Q1 2026

H.H. Sheikh Ammar bin Humaid Al Nuaimi chairs Ajman Bank Board meeting; profit before tax of AED 134 million in the first quarter

Total revenue up 22% to AED 443 million

Ajman, United Arab Emirates – 29 April 2026. Ajman Bank PJSC reported a strong first quarter on Wednesday, posting net profit before tax of AED 134 million and net profit after tax of AED 130 million, as total revenue rose 22% year-on-year to AED 443 million, reflecting growth across the Bank’s core financing, treasury and fee-generating businesses.

Continue reading Ajman Bank Reports AED 134M Profit in Q1 2026 →
Business & Investments

Enhancing Efficiency at Bahna Power Plant

  • Advanced Gas Path upgrades at Bahna are expected to help increase output and improve efficiency
  • Long-term services agreements for Bahna and Nubaria are expected to support reliable and efficient power generation
  • Project aligns with Egypt’s power infrastructure modernization and energy efficiency goals

Cairo, Egypt (April 29, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it received an order from Middle Delta Electricity Production Company (MDEPC), an affiliate of Egyptian Electricity Holding Company (EEHC), for projects at MDEPC’s Bahna and Nubaria power plants in Egypt. The scope includes two Advanced Gas Path (AGP) upgrades for the two GE Vernova 9F gas turbines at the Bahna power plant, along with multiyear services agreements for Bahna and Nubaria with terms of 15 and 8 years, respectively. The projects are expected to support efforts to modernize power generation infrastructure and improve operating efficiency. The order was booked in the first quarter of 2026.

Continue reading Enhancing Efficiency at Bahna Power Plant →