ABU DHABI/ WAM ADNOC announced today the acquisition of an 11.7 percent stake in Phase 1 (Trains 1-3) of NextDecade Corporation’s (NextDecade) Rio Grande LNG (RGLNG), a leading liquefied natural gas (LNG) export project located in Texas, United States (US), which is expected to produce a less carbon-intensive LNG. Additionally, ADNOC and NextDecade announced that they have entered into a …

WASHINGTON/ WAM The International Monetary Fund (IMF) expects the real gross domestic product (GDP) of the UAE to grow by 4 percent in 2024. In a statement today, following the conclusion of a team of its experts’ visit to the UAE regarding the 2024 Article IV consultations, the IMF stated that economic growth in the UAE is broad-based, driven by …

DUBAI/ GULF TIME The Forex Traders Summit Dubai, organized by Smart Vision, witnessed an overwhelming turnout in its early hours, with more than 4000 attendees flocking to the event. The summit, which brought together traders, industry experts, and enthusiasts from around the globe, commenced with a resounding success. Hosted at a prestigious venue in the heart of Dubai, the summit …