Author: MoneySecrets

ADNOC has launched the “Make it in the UAE with ADNOC” mobile application, the first of its kind, aimed at supporting local manufacturing and accelerating industrial growth across the UAE. The app aligns with the national “Make it in the UAE” initiative and provides real-time access to the list of products ADNOC plans to procure, offering manufacturers, SMEs, and entrepreneurs a clear view of long-term local manufacturing opportunities. ‏The app enhances transparency in procurement processes, facilitates supplier registration, and provides an intelligent platform for engaging with ADNOC, thereby reducing investment risks and strengthening local supply chains. It acts as an…

An official from the Ministry of Energy and Infrastructure confirmed that the UAE is actively enhancing low-carbon marine fuel options at Fujairah Port, as part of its ambition to become “a global leader in maritime navigation,” according to a report by Standard & Poor’s.  Saif Al Mazrouei, Assistant Undersecretary for Petroleum, Gas, and Mineral Resources, said during a conference in Fujairah: “Here in Fujairah, the UAE’s maritime hub, we are developing our capabilities in alternative marine fuels, including Liquefied Natural Gas (LNG), methanol, ammonia, and biofuels, in line with growing global demand and environmental standards.” He added: “The UAE is…

Abu Dhabi National Oil Company (ADNOC) is considering acquiring the natural gas assets of U.S.-based “Ethron Energy Management” in a deal that could reach up to $9 billion, according to a Bloomberg report. ADNOC is currently working with advisors to evaluate the offer amid interest from other parties in the assets, which include gas production, transportation, and storage operations, mostly located in Texas and Louisiana. However, talks are still in the early stages, and no final decision has been made yet. This move is part of a broader UAE strategy to boost its investments in the American energy sector, as…

During his first official visit to the United Arab Emirates, U.S. Energy Secretary Chris Wright emphasized the deep-rooted energy partnership between the two nations and the importance of continued cooperation to ensure global energy security and market stability. Secretary Wright met with several senior UAE officials, including H.E. Dr. Sultan Al Jaber and H.E. Suhail Al Mazrouei. Discussions focused on expanding collaboration in energy, artificial intelligence, and investment. The visit also included strategic site tours such as ADNOC, Barakah Nuclear Plant, and Al Dhafra Solar Project. Key outcomes of the visit included strengthening bilateral coordination on traditional and renewable energy…

Etihad Airways announced that it transported 5 million passengers during the first quarter of 2025, according to preliminary passenger traffic results for March. In March alone, the airline carried 1.6 million passengers—an increase of 14% compared to the same month last year. The airline achieved an average seat load factor of 87% in Q1, up from 86% during the same period in 2024, supported by enhanced capacity and a 10% increase in fleet size. Antonoaldo Neves, CEO of Etihad Airways, confirmed that the airline witnessed strong growth over the past 12 months, welcoming around 20 million passengers by the end…

Economic relations between the UAE and India continue to grow rapidly, reflecting the strength of their historic ties and the impact of their Comprehensive Economic Partnership Agreement (CEPA), which has played a key role in driving growth and creating promising trade and investment opportunities. This May marks the third anniversary of the CEPA coming into effect; the first agreement of its kind for the UAE under its global economic partnerships program and India’s first such agreement with a country in the Middle East and North Africa. The agreement aims to increase non-oil trade between the two nations to $100 billion…

Elite Motors, the exclusive partner of Jetour in the UAE, has reported a remarkable 230% year-on-year growth between 2023 and 2024, solidifying Jetour’s position as a rising force in the multi-purpose vehicle segment. This impressive success stems from Jetour’s commitment to delivering high-performance vehicles tailored to the lifestyle and needs of the UAE market. With the opening of a new showroom in Deira—adding to existing locations in Al Quoz and Abu Dhabi—the brand continues to expand its footprint and strengthen customer engagement across the country. Building on this momentum, Jetour launched its latest hybrid model, the T2 i-DM, known for…

Dubai- At the Middle East Energy exhibition, experts and industry leaders highlighted the accelerating impact of artificial intelligence (AI) on the future of the energy sector, showcasing smart applications in network management, behavioral analytics, and long-term strategic planning. Held under the patronage of the Ministry of Energy and Infrastructure, the event brought together over 150 professionals across 18 international pavilions at the Dubai World Trade Centre, discussing innovations in battery technologies, utility efficiency, and operational safety. Engineer Faisal Rashid, Senior Director of Demand Side Management at the Dubai Supreme Council of Energy, presented Dubai’s journey toward climate neutrality, noting that…

After a journey spanning more than half a century, the UAE returns prominently to Japan, marking its remarkable participation in Expo 2025 Osaka-Kansai, following its first appearance in 1970. Under the theme “From Earth to Ether,” the UAE National Pavilion opened its doors to share with the world the narrative of a nation that has transcended the boundaries of dreams and transformed them into tangible realities—a powerful story that weaves together a rich heritage with ambitious space exploration goals, unwavering commitment to sustainability, and future-oriented healthcare. Located in the “Improving Lives” district, the UAE Pavilion offers visitors a unique sensory…

Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, Dubai Electricity and Water Authority (DEWA) will organize the 27th edition of the Water, Energy, Technology, and Environment Exhibition (WETEX) from September 30 to October 2 at the Dubai World Trade Centre. WETEX is the largest exhibition in the region dedicated to energy, water, green development, and sustainability, and is considered one of the leading…