ABU DHABI/WAM ADNOC has announced AED54 billion ($14.7 billion) worth of contracts awarded to UAE suppliers in the second half of 2025, as it showcased new business opportunities for the private sector in its 2026-2027 procurement pipeline at the ninth edition of its Business Partnership Forum, held on the sidelines of ADIPEC, the global energy event taking place in Abu …

SHARJAH / WAM Sharjah Islamic Bank (SIB) has successfully completed the issuance of a US$500 million senior unsecured Sukuk, reaffirming its strong market position and proactive funding strategy. Launched amid heightened market volatility and year-end liquidity pressure, the transaction underscores investor confidence in the bank’s solid fundamentals and disciplined approach to balance sheet management. The five-year Sukuk was priced at …

ABU DHABI / WAM As part of Microsoft’s $15.2 billion investment announcement in the UAE, Microsoft and G42 are deepening their strategic partnership to accelerate the nation’s digital transformation. The two companies on Wednesday announced a 200-megawatt (MW) expansion of datacenter capacity, delivered through Khazna Data Centres, a subsidiary of G42. This expansion is expected to start coming online before …