Abu Dhabi National Oil Company (ADNOC) has reached an agreement to buy German chemicals manufacturer Covestro, in what would be the largest acquisition in the history of the United Arab Emirates and the largest purchase of a European company in the Middle East. The deal, worth more than $16 billion, comes at a difficult time … Read more
Samsung Electronics and Taiwan Semiconductor Manufacturing Company (TSMC) have held talks with United Arab Emirates (UAE) officials that could see the semiconductor behemoths establish plants in the swashbuckling Persian Gulf state reportedly worth more than $100 billion. First reported last month, the development comes amid a determined push by the UAE to establish itself as … Read more
The United Arab Emirates (UAE) has reportedly halted the issuance of visas to Jordanian nationals, raising concerns among citizens hoping to travel to the Gulf state. Local media sources indicate that travel agencies in Jordan have been unable to process visa applications, leaving many individuals frustrated. According to a report from a Jordan-based private media … Read more