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ITFC Signs US$1.5 Billion 2026 Annual Program with Egypt to Support Food Security, Energy Supply, SMEs, and Export Development

ITFC Signs US$1.5 Billion 2026 Annual Program with Egypt to Support Food Security, Energy Supply, SMEs, and Export Development
ITFC Signs US$1.5 Billion 2026 Annual Program with Egypt to Support Food Security, Energy Supply, SMEs, and Export Development

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), signed its 2026 Annual Program for the Arab Republic of Egypt, valued at US$1.5 billion, reaffirming its long-standing partnership with the Government of Egypt and its commitment to supporting the country’s economic development priorities.

The Program falls under the five-year US$6 billion Framework Agreement between ITFC and Egypt and is designed to support strategic sectors, including energy, food commodities, private sector development, SMEs, and export capacity building.

The signing ceremony was held in the presence of senior Egyptian Government officials, including H.E. Mr. Ahmed Rostom, Minister of Planning and Economic Development (Governor of IsDB Group), H.E. Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, H.E. Eng. Karim Badawi, Minister of Petroleum and Mineral Resources and H.E. Dr. Sharif Farouk, Minister of Supply and Internal Trading. The Program was signed by Eng. Adeeb Yousuf Al-Aama, CEO of ITFC; Mr. Mostafa Ismail Abdel Karim, Vice Chairman of the General Authority for Supply Commodities (GASC); and Ms. Amal Tantawy, Deputy Executive President for Financial and Economic Affairs at the Egyptian General Petroleum Corporation (EGPC).

Under the 2026 Annual Program, ITFC will provide trade finance solutions to support the procurement of strategic commodities for EGPC and GASC. The Program will also include extending lines of financing through local Egyptian banks to support the private sector, with a particular focus on small and medium-sized enterprises.

Beyond financing, the Program includes integrated trade solutions, technical assistance, and capacity-building initiatives developed in coordination with the Ministry of Planning, Economic Development and International Cooperation. It will also support digital trade advancement through a dedicated workshop in Egypt, in line with national efforts to modernize trade systems and enhance competitiveness.

The Program further includes trade development initiatives under the Arab-Africa Trade Bridges (AATB) Program, including the design and launch of a country-specific program for Egypt for 2026–2027, as well as projects under the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0).

During the ceremony, ITFC also announced the launch of the second phase of the “Step Toward Export” training program in cooperation with the Foreign Trade Training Center (FTTC). Building on the success of the first phase, which benefited 400 SMEs, the new phase aims to train 600 exporters, entrepreneurs, and SME owners over two years. It will also enable 100 participants to obtain an internationally accredited diploma in International Trade, issued jointly by FTTC and the Forum for International Trade Training in Canada.

Eng. Adeeb Y. Al-Aama, CEO of ITFC, expressed appreciation for the continued support extended by the Government of Egypt to ITFC and commended Egypt’s ongoing economic reform efforts. He reaffirmed ITFC’s commitment to supporting Egypt’s national development priorities, noting that total ITFC approvals for Egypt since 2008 have exceeded US$24.8 billion, directed primarily toward energy, food security, and private sector support.

“Egypt remains one of ITFC’s key strategic partners. Through this Annual Work Program, we continue to provide tailored trade finance and trade development solutions that support critical sectors, strengthen private sector participation, and contribute to sustainable and inclusive economic growth,” Eng. Al-Aama said.

Thndr Ranks #1 as Africa’s Fastest-Growing Companies 2026, Becoming the First Egyptian Company to Lead the Statista & Financial Times Ranking

Thndr Ranks #1 as Africa's Fastest-Growing Companies 2026, Becoming the First Egyptian Company to Lead the Statista & Financial Times Ranking
Thndr Ranks #1 as Africa's Fastest-Growing Companies 2026, Becoming the First Egyptian Company to Lead the Statista & Financial Times Ranking

Thndr, Egypt’s leading retail investment platform, has ranked #1 on the Financial Times Africa’s Fastest-Growing Companies 2026, becoming the first Egyptian company in the ranking’s five-year history to claim the top spot.

Compiled by the Financial Times in partnership with Statista, the ranking identifies Africa’s fastest-growing businesses, evaluated across three metrics: absolute revenue growth, compound annual growth rate (CAGR), and employee growth between 2021 and 2024. Thndr ranked the first, ahead of companies from South Africa, Kenya, Nigeria, and across the continent.

Since launch, Thndr has now grown to over 5.5 million downloads, with over 75-80% of users investing for the first time. The company has also maintained its position as Egypt’s #1 retail investing platform for three consecutive years.

As one of the first fully digital onboarded investment platforms in Egypt, Thndr is now becoming the primary investment account for everyday individuals, offering stocks, gold, savings products, fixed income, and investment funds directly from their phones through a simplified, education-driven experience.

Thndr now accounts for around 18% of EGX equity trading value and 40% of EGX total order volume, processing more than 200,000 trades per day, up from 50,000 a year ago. The platform’s reach extends well beyond Egypt’s major cities, with more than 40% of users based outside Cairo and Alexandria. The average user is around 30 years old, and 12% of users are female.

The recognition comes as Thndr continues its regional expansion, following its launch in Abu Dhabi in 2025 as the first remote broker on ADX and its recent plan to expand to Saudi Arabia. 

At a time when only around 0.5% of Egyptians invest, Thndr’s long-term mission remains focused on making investing more accessible and helping build a more financially empowered generation across the Arab world.

ADNOC Distribution delivers 21% net profit growth in Q1 2026, reflecting strength and resilience

ADNOC Distribution delivers 21% net profit growth in Q1 2026, reflecting strength and resilience
ADNOC Distribution delivers 21% net profit growth in Q1 2026, reflecting strength and resilience

ADNOC Distribution (ISIN: AEA006101017) (ADX: ADNOCDIST), the leading mobility and convenience retailer in the UAE, reported strong financial and operational performance in the first quarter ended 31 March 2026, with record Q1 EBITDA at $307 million (+11.7% year-on-year; YoY) and net profit at $210 million (+20.7% YoY).

Q1 performance was supported by fuel volume growth, stronger commercial business, higher contribution from non-fuel retail (NFR) and international activities, reflecting ADNOC Distribution’s structural resilience, driven by its diversification across its three customer locations: the UAE, Saudi Arabia and Egypt. Reflecting sustained investments over time, the company has expanded its business platforms across fuel retail, commercial segments, lubricants, convenience and car services, with retail accounting for 70% of volumes and commercial 30%.

ادنوك

Eng. Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said: “ADNOC Distribution started 2026 with strong momentum, delivering 21% net profit growth in the first quarter despite the dynamic operating environment. Our expanding network and increasing contribution from the NFR business validate our strategy and reinforce our position as a leading international mobility and convenience retailer. With strong cash generation and a robust balance sheet underpinning our resilience, we are well positioned to deliver sustained value while providing reliable access to energy and customer convenience for daily life and economic activity across the communities we serve. We expect our strong momentum to continue for the remainder of 2026, supported by our diversified business model.”

ADNOC Distribution added 22 new service stations in the first quarter, expanding its total network to 1,032 sites, and remains firmly on track to deliver its targeted 60–70 new stations this year. The Company’s fuel volumes reached a first-quarter record of 3.82 billion liters (+2.4% YoY).

The NFR business remained a key growth driver in Q1, generating gross profit growth of 10% YoY supported by higher customer footfall, improved conversion rates, enhanced property management and convenience offerings. This performance supports the Company’s strategy to accelerate non-fuel growth, targeting a doubling of NFR transactions by 2030 compared to 2023 levels.

As ADNOC Distribution continues to shape its strategy for the future of mobility, the Company unveiled its roadmap this January to electrify eight key UAE highways by the end of 2027, strengthening its efforts to future-proof its growth. This included the inauguration of the region’s largest superfast EV charging site, comprising 60 high-speed charging points, on the E11 highway between Abu Dhabi and Dubai.

The Company is also on track to open five additional locations of The Hub by ADNOC in 2026. The Hub by ADNOC offers a retail footprint three times larger than traditional service stations. ADNOC Distribution expects to operate 30 locations of The Hub by ADNOC with an anticipated EBITDA contribution of $30 million by 2030. The Hub by ADNOC strengthens ADNOC Distribution’s property management business, which was its fastest‑growing NFR vertical in Q1 driven by strong occupancy, new quick-service restaurant openings including leading international and homegrown brands, and a continued shift towards higher yielding food & beverage and car services properties.

With a continued focus on delivering innovative, customer-centric retail experiences at scale, ADNOC Distribution is also advancing artificial intelligence (AI) innovation. The Company has more than 20 AI-enabled initiatives across its value chain, including fuel demand forecasting, supply chain optimization, and personalized customer engagement through the ADNOC Rewards loyalty program, which expanded to over 2.69 million members (+14.2% YoY) in Q1 2026.

At the Make it in the Emirates Forum 2026, the Company announced the signing of a strategic agreement with DTEK.ai to roll out SWIFT, a pioneering AI-powered self-checkout solution, at Oasis by ADNOC convenience stores across the UAE, expected to reduce average checkout times by over 60%. During the event, ADNOC Distribution also reinforced its commitment to championing local manufacturing, entering agreements to deliver its high-performance, locally made lubrication solutions to Emirates Global Aluminium (EGA) and Borouge.

SHAREHOLDER RETURNS

ADNOC Distribution’s Board of Directors approved its first quarterly dividend of 2026, marking the introduction of quarterly distributions, at 5.14 fils per share, to be paid in June 2026. The Company’s dividend policy – which was extended through 2030 following shareholder approval at its Annual General Assembly Meeting in March – provides for financial year returns of $700 million per annum or a minimum of 75% of net profit, whichever is higher. The extension offers five-year payback visibility and dividend upside from future earnings growth.

Financial Highlights:

(USD Millions) Q1 2026 Q1 2025 YoY % Change
Gross Profit 496 440 12.7%
EBITDA 307 275 11.7%
Underlying EBITDA 305 246 24.0%
Net Profit 210 174 20.7%

Key Dates:

Last Entitlement Date May 20, 2026
Ex-Dividend Date May 21, 2026
Record Date May 22, 2026
Payment Date June 9, 2026

 

Byit Expands into the UAE, Launches AI Powered Solutions to Drive Cross Border Real Estate Transactions

Byit Expands into the UAE, Launches AI Powered Solutions to Drive Cross Border Real Estate Transactions
Byit Expands into the UAE, Launches AI Powered Solutions to Drive Cross Border Real Estate Transactions

Byit, an Egypt born proptech startup, has announced its expansion into the UAE alongside the launch of a new suite of AI powered solutions. These tools are designed to empower real estate brokers and enable more efficient cross border property transactions.

The move comes just months after the strategic funding round backed by A15, Beltone Holding, and a group of angel investors. This investment reinforces confidence in Byit’s vision to modernize real estate brokerage across the region.

As part of its regional expansion strategy, Byit has established Byit Ventures in the UAE. This positioning allows the company to connect Egyptian real estate supply with international demand, particularly from GCC based investors. The expansion is expected to unlock new revenue streams for brokers and facilitate the flow of foreign investment into Egypt’s real estate market.

Byit’s platform leverages artificial intelligence to streamline the brokerage process, enabling agents to better match clients with relevant properties through data driven insights and personalized recommendations. The newly launched tools also support real time market analysis, client lifecycle management, and performance optimization, helping brokers close deals faster and more efficiently.

With a rapidly growing network of over 40,000 freelance brokers, access to more than 450 developer partners, and over 1,000 mapped projects, Byit is building a scalable and transparent alternative to traditional brokerage models. This model prioritizes efficiency, higher commission structures, and data driven decision making.

The company aims to further scale its operations across the Gulf, with plans to expand into Saudi Arabia as part of its next growth phase.

Antoine Azer, Founder of Byit, commented: “Our expansion into the UAE marks a key milestone in Byit’s regional journey. We are building more than just a platform; we are enabling brokers to operate across borders with greater efficiency, transparency, and access to international demand. With AI at the core of our technology, we are redefining how real estate transactions are executed in the region”.

Nader Jimmy, Chief Revenue Officer (CRO) at Byit, added: “This expansion, combined with our recent funding, puts us in a strong position to scale across the GCC. By connecting brokers with international buyers and equipping them with advanced AI tools, we are driving higher transaction volumes and unlocking new growth opportunities for the market”.

He continued: “At Byit, we are focused on building the infrastructure that brokers need to succeed in a competitive and fast evolving landscape, from lead generation and data insights to closing deals more efficiently. Our ambition is to become the go to platform for real estate brokers across the region”.

FII Institute Announces Headline Speakers and Strategic Agenda for FII PRIORITY Europe 2026

FII Institute Announces Headline Speakers and Strategic Agenda for FII PRIORITY Europe 2026

 The Future Investment Initiative (FII) Institute, a global non-profit foundation with an investment arm and one agenda, Impact on Humanity, today unveiled the first wave of headline speakers and the strategic agenda for FII PRIORITY Europe 2026, taking place June 17–19, 2026, at the Rome Cavalieri, A Waldorf Astoria Hotel, in Rome.

Under the theme “Europe Reimagined: Capital, Sovereignty & Strategic Autonomy”, the summit will convene global investors, policymakers, innovators, and business leaders to examine how capital can strengthen Europe’s long-term competitiveness across energy, technology, security, finance, and industrial transformation.

“Europe is entering a decisive period where competitiveness, resilience, and strategic autonomy will increasingly depend on how effectively capital is mobilized across industries, technologies, and infrastructure,” said Richard Attias, Chairman of the Executive Committee and Acting CEO of FII Institute. “FII PRIORITY Europe is designed to bring together global leaders and investors to examine not only Europe’s challenges, but also the significant opportunities emerging across energy, AI, manufacturing, finance, and sustainable growth.”

Among the leading discussions on the agenda are:

Europe at the Inflection Point

Tariffs, Trade, and the New Geoeconomic Order

Sovereign AI: Can Europe Build Its Own Intelligence Infrastructure?

The summit will convene a confirmed group of global leaders and decision-makers, including:

H.E. Yasir O. Al-Rumayyan – Governor, Public Investment Fund; Chairman, Saudi Aramco; Chairman, FII Institute

H.R.H. Ambassador Reema Bandar Al Saud – Ambassador to the United States, Embassy of the Kingdom of Saudi Arabia, Member of the Board of Trustees, FII Institute

H.E. Edi Rama – Prime Minister, Republic of Albania

H.E. Adolfo Urso – Minister of Enterprise and Made in Italy, Italy

H.E. Ahmed Al-Khateeb – Minister of Tourism, Kingdom of Saudi Arabia the Kingdom of Saudi Arabia

H.E. Matteo Renzi – Senator of the Italian Republic; Former Prime Minister of Italy

Alejandro Reynal – President & CEO, Four Seasons

Ana Cabral – Co-Chairperson & CEO, Sigma Lithium

Ana Paula Assis – SVP and Chair, IBM Europe, Middle East, Africa and Asia Pacific, IBM

Andrew L. Cohen – Executive Chairman, Global Private Bank; Global Chair, Investment Banking, JPMorgan Chase & Co.

Andrea Orcel – CEO, UniCredit

Anthony Gutman – Global Co-Head of Investment Banking, Goldman Sachs; Co-CEO, Goldman Sachs International

Carme Artigas – Co-Chair, UN AI Advisory Body

Emmanuel Roman – CEO & Managing Director, PIMCO

Ioannis Tsakiris – Vice President, European Investment Bank

Jacob Helberg – U.S. Under Secretary of State for Economic Affairs, White House

Dr. Jennifer Holmgren – Chair & CEO, LanzaTech

Mark Bowman – Vice President for Policy and Partnerships, European Bank for Reconstruction and Development

Nerio Alessandri – Founder & Chairman, Technogym

Peggy Johnson – CEO, Agility Robotics

Ramin Hasani – Co-Founder & CEO, Liquid AI

Sarah Youngwood – Chief Financial Officer, Nasdaq

Sir Noel Quinn – Chair, Julius Baer Group

Stefano Buono – Founder & CEO, newcleo

Stella Li – Executive Vice President, BYD

Together, these speakers reflect the summit’s focus on Europe’s next growth chapter: mobilizing capital, strengthening strategic industries, securing digital and energy infrastructure, and connecting Europe’s public and private sectors with global markets.

Make it in the Emirates concludes largest edition yet

Make it in the Emirates concludes largest edition yet

The UAE sealed hundreds of billions of dirhams in industrial deals, investments, and commitments this week at Make it in the Emirates 2026 — the fifth and largest edition of the country’s flagship industrial platform — closing a week that demonstrated the UAE is built to keep building.

The four-day event, hosted by the Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Ministry of Culture, the Abu Dhabi Investment Office, the ADNOC Group and L’IMAD, and organized by the ADNEC Group, welcomed 146,329 visitors — 19% more than 2025 — and 1,245 exhibitors across 12 sectors and 88,000 square meters at ADNEC Centre Abu Dhabi. More than 200 agreements were signed across offtakes, investments, projects, financing and enablement programs.

His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, set the tone in his opening address: “There is a great difference between those who focus only on surviving crises, and those who seize them as opportunities and turn them into new beginnings. In the UAE, we do not simply endure hardships. We emerge from them stronger.”

AED 180 billion in offtakes

HE Dr. Al Jaber announced AED 180 billion in cumulative offtakes over the next decade — adding AED 12 billion to an existing AED 168 billion pipeline — with plans to localize more than 5,000 products. TA’ZIZ announced AED 104.6 billion in procurement and feedstock deals to support chemicals production. A new policy activated by MoIAT, the Ministry of Economy and Tourism (MoET), and the National CSR Fund will enable AED 2 billion in annual food import substitution through local production, supporting up to 200 food factories and targeting a 15–30% increase in local production capacity.

Closing his address HE Dr. Al Jaber said: “From the UAE, opportunities begin. And from the UAE, industries launch to the world. Build with us. Invest with us. Make it in the Emirates.”

On the closing day, it was revealed the sixth edition of Make it in the Emirates will take place on 3-6 May 2027.

AED 48.5 billion of investments signal confidence

TA’ZIZ and Alpha Dhabi Holding announced AED 36.7 billion in capital investment in new industrial chemicals at Al Ruwais Industrial City. Khalifa Economic Zones Abu Dhabi (KEZAD) signed AED 2.1 billion in deals while Abu Dhabi Investment Office (ADIO) confirmed AED 1.5 billion in support for new and expanded factories.

Ras Al Khaimah Economic Zone (RAKEZ) signed AED 1.59 in agreements. Etihad Water and Electricity signed an agreement for an AED 1 billion desalination plantMubadala announced AED 4.5 billion in investments, while ADNOC announced AED 480 million across four new industrial facilities. Al Ain Farms Group launched Al Ain Taaza, targeting one-third of the UAE’s AED 500 million fresh juice segment. Pipetec secured AED 75 million, while NanoCarbonX and Graphene Star signed an AED 50 million manufacturing agreement.

AED 19.2 billion in enablements and financing

MoIAT and Emirates Development Bank (EDB) launched the AED 1 billion National Industrial Resilience Fund (NIRF) while MoIAT secured a further AED 18 billion in competitive financing from Mashreq Bank, Dubai Islamic Bank and EDB. MoET signed an AED 200 million agreement with Emirates Nuclear Energy Company (ENEC) on intellectual property in the nuclear energy sector.

AED 200 billion in industry projects

ADNOC unveiled AED 200 billion in planned projects over the next three years. The National ICV Program welcomed new participants including Du, while Etihad Airways renewed its commitment. EGF entered an ICV agreement with MoIAT and ADNOC, aligning investment activity with national supply chain priorities. A dedicated ICV Day brought together 22 partners and more than 260 matchmaking meetings.

Ministry of Industry and Advanced Technology, Sinaha Technology sign MoU to accelerate Industry 4.0 adoption

Ministry of Industry and Advanced Technology, Sinaha Technology sign MoU to accelerate Industry 4.0 adoption
Ministry of Industry and Advanced Technology, Sinaha Technology sign MoU to accelerate Industry 4.0 adoption

The Ministry of Industry and Advanced Technology (MoIAT) on Wednesday signed a Memorandum of Understanding (MoU) with Abu Dhabi-based Sinaha Technology to accelerate the adoption of artificial intelligence, robotics, and Industry 4.0 solutions across UAE manufacturing.

The MoU was signed by Fatma AlMheiri, Director of Technology Adoption and Development, MoIAT, and Mubarak Abed Nasser Doman AlAmeri, Authorized Director at Sinaha, in the presence of H.E. Mansour Mohamed Salem Kardous Alameri, Deputy CEO of Sinaha Technology, and H.E. Osama Fadhel Assistant Undersecretary of Industrial Accelerators, MoIAT, at Make it in the Emirates 2026.

Sinaha Technology will work with high-potential manufacturers to build technology roadmaps and implement practical Industry 4.0 solutions — moving companies from assessment to execution and delivering measurable improvements in productivity and operational efficiency.

Fatma AlMheiri, said: “MoIAT is committed to translating the National Strategy for Industry and Advanced Technology into real results — strengthening supply chains and reinforcing the UAE’s position as a global hub for advanced industry. Our Transform 4.0 initiative is a practical step in that direction, helping manufacturers accelerate technology adoption, link production to market demand, and support the growth of industrial SMEs. This partnership with Sinaha Technology directly advances that goal.”

Mubarak AlAmeri, said: “We have launched one of the UAE’s first intelligent warehouse deployments, built on locally engineered technologies that enable fully autonomous operations through the integration of robotics, software, and real-time decision-making. Our in-house Robotics Management System connects robotic systems with business logic, enabling seamless coordination of multi-vendor fleets. We are also developing physics-based digital twin environments that allow operators to design, test, and optimize logistics systems virtually before real-world deployment — reducing risk and accelerating implementation.”

The partnership supports MoIAT’s broader drive to help UAE manufacturers make more, grow more, and export more.

The fifth and largest edition of Make it in the Emirates is hosted by MoIAT in collaboration with the Ministry of Culture, the Abu Dhabi Investment Office, ADNOC, and L’IMAD, and is organized by ADNEC Group.

Start-up Pitch Competition returns to Make it in the Emirates 2026

Some of the most innovative entrepreneurs from the UAE and beyond took to the stage this week at Make it in the Emirates 2026, pitching new ideas and disruptive technologies in a bid for cash prizes as well as mentorship and networking opportunities with industry leaders and investors.

The Start-up Pitch Competition, held at the fifth and largest edition of the UAE’s flagship industrial platform, welcomed start-ups operating across five priority sectors: electric mobility and batteries, autonomous systems and drones, industrial robotics, digital twins and smart manufacturing, and industrial cybersecurity.

The winners were unveiled on Wednesday: AC3D, Electrogenos Magan Ltd, and Waverity.

Entrants were assessed on innovation, scalability, sustainability, market potential, competitiveness, and national impact. The annual competition is open to start-ups at Technology Readiness Levels (TRL) 3 to 9 — a NASA-developed scale used to measure how mature a technology is.

The competition supports the UAE’s drive to build scalable, market-ready industrial technologies in line with the National Strategy for Industry and Advanced Technology.

Make it in the Emirates 2026 runs until 7 May at ADNEC Centre Abu Dhabi, hosted by MoIAT with co-hosts Ministry of Culture, Abu Dhabi Investment Office, ADNOC Group, and L’IMAD, organised by ADNEC Group.

For more information, visit the Make it in the Emirates 2026 Start-up Pitch Competition page.

ADNOC Distribution Announces Strategic Partnerships at Make it in the Emirates

ADNOC Distribution Announces Strategic Partnerships at Make it in the Emirates
ADNOC Distribution Announces Strategic Partnerships at Make it in the Emirates

Following its participation in Make it in the Emirates, ADNOC Distribution announces Strategic partnerships with Emirates Global Aluminium (EGA) and Borouge, valued at more than AED 60 million and will focus on enabling industrial performance. Through these collaborations, partners will have access to a comprehensive portfolio of 520 products provides partners with solutions for their diverse needs, supported by a 96% In-Country Value (ICV) score in lubricant manufacturing. ADNOC Distribution lubricants are manufactured in the UAE and exported to 53 countries globally, reflecting continued growth

Strategic Collaborations

The strategic agreements at Make it in the Emirates, reinforce the growth of ADNOC Distribution lubricants business and its role in supporting UAE industrial development. These agreements are expected to support local production volumes and long-term supply commitments across key industrial sectors across the UAE. The agreements, signed with Emirates Global Aluminium (EGA) and Borouge, highlight ADNOC Distribution’s expanding role as a key enabler of high-performance, locally manufactured lubrication solutions across critical industrial sectors.

Collectively, these strategic partnerships are valued at more than AED 60 million and underscore ADNOC Distribution’s commitment to delivering UAE-developed and made, high-performance lubricants, strengthening local supply chains, and supporting a more resilient and self-sufficient industrial ecosystem. The Company continues to position ADNOC Voyager as the UAE’s number one lubricants brand, supporting national industrial growth while building global recognition for quality, innovation, and technical expertise.

This is supported by ADNOC Distribution’s portfolio of 520 lubricant products, which address diverse customer needs across the automotive, industrial, and speciality segments. Additionally, in 2025, the Company renewed its In-Country Value (ICV) Certificate for Lube Manufacturing with an exceptional score of 96%, ranking among the highest in the UAE. 

The continued strength of ADNOC Voyager, its premium lubricant brand, is further demonstrated by its recognition as the first in the Middle East to achieve the latest API SQ / ILSAC GF-7 certification, reinforcing ADNOC Distribution’s commitment to world-class performance and innovation.

ADNOC Distribution’s collaboration with Emirates Global Aluminium (EGA) will support the UAE’s industrial development under the country’s Operation 300bn strategy, enabling the supply of high-performance lubricants for efficient, large-scale industrial operations. EGA already spends around AED 8 billion annually on goods and services from UAE suppliers, with more than 40 percent of its total procurement directed locally, reflecting its strong commitment to in-country value. Through this strategic partnership, EGA will benefit from ADNOC Distribution supplying locally blended lubricants tailored to its large-scale operations, supporting greater efficiency, reliability, and long-term performance.

Future Outlook

The strategic partnership with Borouge will focus on advancing localized production of specialized materials, including pharma-grade white oil, strengthening in-country manufacturing capabilities and reducing reliance on imports. This includes initial production volumes of over 40 metric tonnes already developed and tested within the UAE, with the parties now progressing toward scaled production], including a 100-metric-tonne 

Additionally, ADNOC Distribution and Borouge are developing sustainable and circular solutions within the lubricants value chain. This includes a lube oil packaging solution jointly developed by the two parties, leveraging the differentiated performance of Borouge’s high-density polyethylene (HDPE), enabling a lightweight solution alongside the integration of recycled materials supporting environmentally sustainable packaging and supply chain resilience. 

This initiative aligns with ADNOC Distribution’s broader sustainability and decarbonization ambitions while maintaining the reliability and high-performance standards customers expect. It also strengthens its lubricants business, which continues to expand globally.

Building on this momentum, ADNOC Distribution continues to strengthen its position as a globally competitive, UAE-made lubricants leader, enabling critical industries with advanced solutions while contributing to a more resilient, self-sufficient, and future-ready economy.