Fareed Rahman

3 days ago | thenationalnews.com | Fareed Rahman

International Resources Holding (IRH), a unit of International Holding Company (IHC), has entered into a definitive agreement to buy a majority stake in the Democratic Republic of Congo’s tin producer Alphamin Resources for $367 million as the Abu Dhabi-based company continues to expand its presence in Africa.

3 days ago | thenationalnews.com | Fareed Rahman

UAE-based steel producers do not expect to see any major impact from the latest move by the US to double tariffs on steel imports. US President Donald Trump has raised import duties on steel and aluminum imports to 50 per cent, from 25 per cent previously, starting on Wednesday, the White House said. The new tariffs apply to all trading partners except the UK, which struck a preliminary trade agreement with the US last month. However, steel manufacturers in the UAE don't anticipate a hard hit.

4 days ago | thenationalnews.com | Fareed Rahman

Adnoc’s global energy investment arm XRG aims to have a gas and LNG business with capacity of between 20 to 25 million tonnes per annum by 2035 as it looks to scale up its operations globally. XRG's board, which includes Adnoc group managing director and chief executive Dr Sultan Al Jaber, former BP chief executive Bernard Looney and Blackstone’s Jon Gray, approved a five-year business plan for the company on Monday.

4 days ago | thenationalnews.com | Fareed Rahman

DP World, one of the world's biggest port operators, is looking for acquisition opportunities in Turkey and Eastern Europe to grow its business, according to a senior executive. The Dubai company currently operates terminals and logistics centres in countries including Romania, Ukraine, Bulgaria, Moldova, North Macedonia, Albania, Montenegro, Serbia, Cyprus and Greece. “We are exploring markets,” Kris Adams, DP World's executive vice president of East Europe, said in Istanbul.

4 days ago | thenationalnews.com | Fareed Rahman

A one-bedroom unit at the new Fahid Island development in Abu Dhabi is priced from Dh3.5 million ($953,029) onwards, according to developer Aldar Properties, amid soaring property demand. The massive project, which has a gross development value of Dh40 billion, will be built in phases, with the first residential development – Fahid Beach Residences, with seven buildings – expected to be complete by 2029.