Business News from Monday, August 25th, 2025
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Drydocks World wins contract for world's largest floating LNG facility
Drydocks World, a unit of DP World, has secured a landmark contract to build the world’s largest floating liquefied natural gas (FLNG) liquefaction facility off Mexico's west coast.
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UAE, Angola sign major trade deal
The UAE and Angola have taken a major step forward in strengthening economic relations.
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Abu Dhabi's TAQA acquires Spanish water company GS Inima for $1.2 billion
Abu Dhabi National Energy Company (TAQA) has signed an agreement to gain full ownership of Madrid-based water company GS Inima for $1.2 billion, strengthening its position as a global low-carbon water champion.
News
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Albania honours UAE rescue team for wildfire relief effortsThe Albanian government has recognised the UAE's contributions to recent wildfire relief efforts in the country.
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UAE, Cyprus reaffirm commitment to Gaza aid via maritime corridorThe UAE and Cyprus have reaffirmed their joint commitment to delivering humanitarian aid to Gaza through the Amalthea Maritime Corridor.
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Dubai's Al Thanya Street set for major traffic enhancementsDubai’s Roads and Transport Authority (RTA) is rolling out rapid traffic upgrades along Al Thanya Street - a vital link between Sheikh Zayed Road and Al Wasl Road.
