Author: MoneySecrets

The Emirates Nuclear Energy Corporation (ENEC) has signed a Memorandum of Understanding (MoU) with Samsung C&T Corporation, marking a new milestone in advancing international collaboration in the field of civil nuclear energy. The agreement aims to explore and develop joint opportunities in nuclear energy development and investment across global markets. It combines ENEC’s expertise in nuclear leadership with Samsung C&T’s engineering and infrastructure capabilities to support the expansion of clean, reliable electricity worldwide. The MoU outlines potential cooperation in several key areas, including investment in traditional nuclear projects such as new builds, restarts, and brownfield mergers and acquisitions (M&A) in…

Dubai Municipality has signed a Memorandum of Understanding (MoU) with BiOD Technology FZCO, a subsidiary of DUBAL Holding, marking a major stride toward advancing environmental sustainability and fostering a circular economy in the emirate. The agreement outlines strategic cooperation focused on converting used cooking oils (UCO) and fats, oils, and grease (FOG) into B100 biodiesel, a clean and renewable fuel. The MoU was signed in the presence of senior officials, including Fahad Al-Awadhi, Director of Sewerage and Recycled Water Projects Department at Dubai Municipality; Yousef Bastaki, Board Member of BiOD Technology; and Shiva Viga, CEO of BiOD Technology. The collaboration…

Modon Holding reported exceptional results for the first half of 2025, with net profit increasing 4.2 times year-on-year (YoY) to AED 2.1 billion, compared to AED 502 million in H1 2024. The strong performance was driven by solid results across the Group’s four core business segments, the successful integration of recent acquisitions, and the efficient execution of strategic investments. Modon’s growth was led by its real estate segment, alongside stronger recurring revenues supported by operational improvements in asset management and hospitality, as well as exceptional performance in events, catering, and tourism. Modon recorded AED6.5 billion in revenue for the first…

In a new episode of the “Money Secrets” podcast – hosted by economic content creator Ahmed Elgamal – Fouad Darwish, CEO of Palms Sports and President of the UAE Warriors organization, shared an inspiring journey of transforming Mixed Martial Arts (MMA) in the UAE, stating that “knockout punches” are not just in the ring, they also happen in sports investment and leadership. Since taking over UAE Warriors in 2018, Darwish and his team have elevated the brand into a global platform, hosting over 50 events and attracting fighters from more than 100 countries. While global sports came to a halt…

Investopia Global has launched new economy dialogues in Hyderabad and Andhra Pradesh, aiming to deepen economic ties between the UAE and India in future-focused sectors such as fintech, clean energy, AI, advanced manufacturing, tourism, healthcare, food security, and entrepreneurship. Held in collaboration with India’s Ministry of Commerce and Industry, FICCI, and the Andhra Pradesh Economic Development Board, the events gathered over 500 business leaders, investors, innovators, and decision-makers from both countries. UAE Minister of Economy and Chairman of Investopia, H.E. Abdulla bin Touq Al Marri, highlighted the platform’s success in connecting business communities and advancing sustainable economic partnerships since its…

Masdar and global energy leader Iberdrola have completed the financial close for the 1.4 GW East Anglia Three offshore wind farm in the UK. Valued at AED 20.8 billion, it is one of the largest offshore wind deals of the decade. The agreement includes AED 16.4 billion in financing from 23 banks and Denmark’s export credit agency. This marks Masdar’s largest-ever financing transaction and covers over 40% of the project’s total cost, reflecting strong lender confidence and robust partner credentials. Masdar CEO Mohamed Jameel Al Ramahi highlighted that the scale and quality of investor interest affirm Masdar’s global leadership in…

AD Ports Group has officially opened its first international office in Beijing, China, marking a strategic milestone in its global expansion efforts. Located in the heart of the Chinese capital—China’s policy and planning hub—the new office will oversee the group’s commercial and investment activities across China and the wider Asia region. The launch expands the group’s global footprint to over 140 offices. It was inaugurated by Sameer Chaturvedi, CEO of Noatum Logistics and Chief International Officer of AD Ports Group; Abdulaziz Zayed Al Shamsi, Regional CEO; and Elly Hui, General Manager of Noatum Logistics in Greater China. The office will…

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has released its 2024 annual report, highlighting key regulatory achievements and reaffirming its commitment to providing a world-class financial regulatory environment. According to the press release, FSRA made notable progress throughout the year, particularly in aligning its frameworks with international standards and enhancing efforts to combat financial crime. Innovation remained a core focus, especially in the digital assets space. FSRA introduced a dedicated regulatory framework for fiat-referenced tokens (FRTs)—a class of stablecoins—setting clear standards for reserves, governance, and redemption rights to protect users. By classifying FRT issuance as…

The 61st edition of the UAE Warriors Arab and African series kicked off at Space 42 Arena on Abu Dhabi’s Al Raha Beach. Over two days, 48 fighters from 20 countries will compete in 24 thrilling bouts. The action continues tomorrow with the 62nd international edition, as part of Abu Dhabi Showdown Week. Organized by Palms Sports, and supported by the Abu Dhabi Sports Council and the Department of Culture and Tourism, the event further cements Abu Dhabi’s position as a global hub for combat sports. In a statement to the Money Secrets podcast with Ahmed Elgamal, Palms Sports CEO…

The Abu Dhabi Securities Exchange (ADX) and the Budapest Stock Exchange (BSE), the second-largest bourse in Central and Eastern Europe, have signed a Memorandum of Understanding (MoU) to collaborate on key initiatives. The signing took place during the official visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan to Hungary. The agreement, signed in the presence of UAE Ambassador to Hungary Saud Hamad Al Shamsi, aims to strengthen capital market ties and promote the exchange of best practices between the two countries. This partnership marks a significant step in BSE’s efforts to expand its global reach, especially in the…