UAE partners with WEF to support trade tech initiative

UAE partners with WEF to support trade tech initiative

The new initiative aims to digitalise international supply chains to enable faster and cost-efficient trade

First food grade plastic recycling facility to be set up in the UAE Photo WAM

UAE to set up first food-grade plastic recycling facility

The 12,000 tonnes per annum polyethylene terephthalate recycling plant has been earmarked for Abu Dhabi

Sharjah’s real estate transactions topped $6.5bn in 2022

Sharjah’s real estate transactions top $6.5bn in 2022

The total number of real estate transactions in 2022 reached 91,507, compared to 84,238 recorded during the previous year

Etihad Airways to double flights on Abu Dhabi-Jakarta route

Etihad Airways to double flights on Abu Dhabi-Jakarta route

The flights will be operated using Etihad’s fleet of Boeing B787 and B777 aircraft

Masdar

UAE’s Masdar targets $750m bond sale

The firm plans to grow its renewables capacity five-fold by the end of the decade

Qatar Airways, Air Serbia sign comprehensive codeshare agreement

Qatar Airways, Air Serbia sign comprehensive codeshare agreement

Qatar Airways currently operates five weekly flights between Doha and Belgrade, the Serbian capital

UAE astronaut Sultan Al Neyadi to travel to space on February 26

UAE astronaut Sultan Al Neyadi to travel to space on February 26

The Falcon 9 rocket and the Dragon Endeavour spacecraft is scheduled to launch from NASA’s Kennedy Space Center in Florida

ADNOC Distribution, Taqa partner to offer EV charging points across UAE

ADNOC Distribution, Taqa partner to offer EV charging points across UAE

The E2GO joint venture will play a critical role in delivering EV charging infrastructure across Abu Dhabi

UAE announces list of public holidays for 2023

The UAE cabinet shared a list of holidays for public and private sectors

UAE President welcomes regional heads of state Photo courtesy WAM

UAE President receives regional leaders

During the meeting, the leaders discussed fraternal relations between their respective countries and different areas of joint cooperation and coordination across all sectors

Dubai records completion of 55 real estate projects worth $3.24bn in 2022

Dubai records completion of 55 real estate projects worth $3.24bn in 2022

A total of 350 real estate projects are currently being developed in the emirate

Power Letters 2023: Nasser Al Awadhi, chief executive officer, ADIB

Power Letters 2023: Nasser Al Awadhi, chief executive officer, Abu Dhabi Islamic Bank

Continuous innovation, segment focus, digital excellence and sustainable future are the core tenets of our 2025 growth strategy

Mubadala kkr tie-up

Davos 2023: Mubadala says Emirates Global Aluminium IPO may happen this year

A listing of the company this year would follow a boom for IPOs in the region that started in 2022 and fetched almost $23bn

Emirates to reintroduce A380 on Dubai-Casablanca route

Emirates to reintroduce A380 on Dubai-Casablanca route

Starting April 15, the airline will replace the Boeing 777-300ER aircraft currently used between Dubai and Casablanca with the A380

Power Letters 2023: Hatem Dowidar, group CEO, e&

We envision e&’s transformation as a long-term journey with accelerated growth, as we progress across all our business verticals

ADNOC begins work on new carbon capture and storage project

Abu Dhabi’s ADNOC begins work on new carbon capture and storage project

Once operational, the project will initially fully sequester a minimum of 18,000 tons per annum of carbon dioxide

Mubadala Investment Capital invests in fintech Tabby's Series C round

Mubadala Investment Capital invests in fintech Tabby’s Series C round

The funds will be used to expand Tabby’s product line and support the company’s growing operations

e& enterprise

UAE’s etisalat by e& named strongest Middle Eastern brand

Tech giant Amazon regained top spot from Apple to become the world’s most valuable brand

Zambia

Zambia signs $2bn solar power development pact with UAE

Construction will be done in phases, starting with the installation of 500 megawatts

Jadwa divests stake in Luberef

Davos 2023: Saudi Arabia open to talks on trade in currencies besides dollar

The world’s largest oil exporter is seeking to strengthen its relations with crucial trade partners

Abu Dhabi waterfront

Abu Dhabi opens new clinical trials unit to boost medical research

The new unit will conduct research and trials focused on key disease areas

Saudi Crown Prince Mohammed bin Salman, Prime Minister and Chairman of the Events Investment Fund

Saudi Crown Prince launches Events Investment Fund, aims to boost culture, tourism, sports sectors

The fund will conceptualise, finance and oversee development of more than 35 venues by 2030, with the aim of delivering its first asset by 2023

Tier Mobility completes one million rides in Dubai

Tier Mobility completes one million rides in Dubai

A distance of three million kilometres has been covered, empowering riders to replace 515,000 kilometres of car journeys

UAE reduces legal age to run a business

UAE reduces legal age to run a business

The issuance of the new law replaces previous legislation that remained in effect for almost three decades

Saudi Arabia confident about attracting FDI

Saudi Arabia confident about attracting more foreign investors, says minister

The Saudi government has made more than 700 regulatory changes as it seeks to attract investors

Emirates to resume non-stop Dubai-Hong Kong service from March

Emirates to resume non-stop Dubai-Hong Kong service from March

The new service will increase the airline’s operations in the Asian market to 14 weekly flights

Mashreq acquires digital banking license to commence operations in Pakistan

Mashreq acquires digital banking licence to commence operations in Pakistan

The lender aims to invest in the country’s rural infrastructure, including microfinance institutions

Power Letters 2023: Saif Humaid Al Falasi, group CEO, ENOC

Power Letters 2023: Saif Humaid Al Falasi, group CEO, ENOC

Looking ahead, our efforts and investments across the upstream, midstream and downstream segments of the business will continue to drive our strategy in 2023 and beyond

UAE President, Korea’s Yoon Suk Yeol visit Barakah Nuclear Energy Plant

The two leaders witnessed ongoing operations of Units 1 and 2, the completion of Unit 3, and the progress made on the fourth unit