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Careem’s acquisition of Cyacle reflects growing influence of UAE SMEs, startups

The recent acquisition of Cyacle, an Abu Dhabi-based bike-sharing company, by MENA’s leading ride-hailing app Careem, reflects the growing influence of Emirati-owned startups and small and medium enterprises, SMEs, in the local business scene. The acquisition was reportedly part of Careem’s strategy to offer complete mobility solutions to more MENA …

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ADNOC LNG signs agreements with ‘BP’, ‘TOTAL’ completing diversification and filling orderbooks through Q1 2022

ADNOC LNG announced today it has concluded supply agreements with subsidiaries of BP and TOTAL, effectively booking out the majority of its LNG production through Q1 2022. With the transactions, ADNOC LNG has continued to expand its footprint into new regions and markets. The agreements were signed by officials from …

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