Traffic fine discount - Abu Dhabi - UAE

UAE traffic fines: Abu Dhabi Police announce discounts

Abu Dhabi authorities have announced a slew of initiatives to make paying off traffic fines easy

Abu Dhabi fund Mubadala’s assets surge to $302bn

Abu Dhabi fund Mubadala’s asset under management rise to $302bn

The wealth fund reported proceeds of Dhs99bn in 2023, which includes divestments of certain legacy assets and capital recycling

Presight partners with Intel in AI push

UAE’s Presight, Intel partner to advance AI innovation

The duo seeks to strengthen data security and privacy by implementing confidential AI technologies

Aroya Crusies-SPA copy

Cruise Saudi launches Aroya: A glimpse at the kingdom’s first cruise line

The flagship vessel of Aroya Cruises is an impressive 335-metre floating resort

ADNOC to start production at Ras Al Sadr gas field

ADNOC Group to begin production at Ras Al Sadr gas field

The field has production capacity of up to 100 million standard cubic feet of gas per day

PIF

Saudi’s PIF slashes holdings of US equities: Report

PIF saw its US-traded stock holdings plummet from $35bn at the end of 2023 to $18bn by March 31

UAE’s ADNOC planning US trading expansion

UAE’s ADNOC planning US trading expansion

ADNOC has been stepping up its global expansion in recent years, including building trading operations since 2018

Oil August 1

Oil prices up after US economic data strengthens rate cut expectations

Equities, which tend to move in tandem with oil prices, rose on the rate cut hopes, with the Dow reaching an all-time high of 40,000 for the first time

Nigeria-Emirates not happy with Boeing delays in fixing 777X

Emirates to resume Nigeria flights, ending two-year suspension

Emirates suspended flights between the UAE and Nigeria because of an inability to repatriate funds

Ahmad El Dandachi - microsoft

AI and cybersecurity: Microsoft’s strategy for the digital era

Microsoft’s approach to cybersecurity combines advanced AI, integrated security solutions, and a focus on compliance and flexibility

Zain KSA to invest SAR1.6bn to expand 5G network in Saudi Arabia

Zain KSA to invest SAR1.6bn to expand 5G network in Saudi Arabia

The strategy will see the company increase the number of its 5G network sites in the country to more than 7,000

QATAR AIRWAYS-Badr Mohammed Al Meer

Qatar Airways CEO talks Boeing delivery delays, new investments in Africa at Doha forum

Qatar Airways CEO says airline unable to meet high post-pandemic demand for travel due to shortage of new aircraft

CBRE real estate

Trends shaping real estate in the GCC: An in-depth conversation with Anshuman Magazine of CBRE

CBRE has expanded its offerings as well as operations as the GCC sees a real estate boom backed by economic versatility and government investment programmes

qatar-energy-min

Qatar to sign more long-term LNG contracts this year: Qatar Energy CEO

Qatar, one of the world’s largest LNG exporters, announced an additional expansion of its LNG production in February

Lunate at ADGM

Abu Dhabi’s Lunate launches ETF tracking Japanese equities

The ETF market will contribute to bolster “Abu Dhabi’s plan to diversify its economy and attract more investors to its financial centre

Egypt-ras al-hekma-UN-HABITAT

Egypt receives second payment of $14bn from UAE

The deal with Abu Dhabi sovereign fund ADQ to develop the peninsula 200 km west of Alexandria includes a total of $35bn in investments

Blue Residency Visa

UAE launches Blue Residency visa for environmental advocates: Everything you need to know

The Blue Residency visa represents a significant step in the UAE’s efforts to prioritise sustainability and environmental protection

UAE’s TAQA Group posts Dhs2.1bn net income in Q1 2024

UAE’s TAQA Group posts Dhs2.1bn net income in Q1 2024

The company’s earnings before interests, taxes, depreciation and amortisation rose by 4.9 per cent to reach Dhs5.5bn

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

As part of the plan, Tecom will invest Dhs966m to acquire commercial and industrial assets from Dubai Holding Asset Management

Qatar QIA looks at Ardian Semiconductor as anchor investor GettyImages-520283407-e1714712344221

Qatar Investment Authority to be anchor investor in Ardian Semiconductor

With its strategic investment in Ardian Semiconductor, QIA continues to advance its position as a leader in tech investment

Mubadala Energy

Indonesia wants Mubadala Energy to accelerate South Andaman gas development

Mubadala’s Indonesian unit said the company was fully aligned with Jakarta’s desire to accelerate the project

dnata-image-credit-dnata

UAE’s dnata looking at M&A deals

dnata’s chief executive Steve Allen says “there is significant scope for consolidation in airport ground handling globally”

Einride DP World to launch largest deployment of electric, autonomous mobility on region Image DP World/ Dubai Media Office

DP World, Einride launch region’s biggest autonomous freight deployment

Once at full operational capacity, the initiative will save up to 14,600 tonnes of carbon dioxide equivalent annually and 158 tonnes of nitrogen oxides annually

Dubai tops global ranking for greenfield FDI projects for third time running photo courtesy Dubai Media Office

Dubai tops global list for attracting greenfield FDI projects

In 2023, Dubai welcomed 1,070 global greenfield FDI projects, surpassing second-placed Singapore by 142 per cent and third-placed London by 148 per cent

Oman-CAA-Satellite-X

Oman weather: Dhofar governorate to see thunderstorms, rain

The CAA advised residents to follow weather alerts, and take precaution while travelling through low-lying areas and the sea

Qiddiya, SEVEN merge to boost Saudi entertainment sector

Saudi Arabia’s Qiddiya merges with SEVEN to boost entertainment sector

The move is in line with the strategy to establish an entertainment, sports and culture powerhouse in the kingdom

Mina Al Hamriya expansion project completed by DP World Image DP World

DP World concludes major expansion of Mina Hamriya project

The enhancements will enable the handling of a wider variety of vessels from traditional dhows to Ro-Ro, bulk and container carriers

Kuwait’s BIG Holding to list 30% stake on local exchange

Kuwait’s BIG Holding to list 30% stake on local exchange

The holding firm has hired National Investments Company and EFG-Hermes UAE as joint bookrunners and global coordinators on the deal

Fakeeh Care Group’s $763.4m IPO oversubscribed 119 times

Fakeeh Care Group’s $763.4m IPO oversubscribed 119 times

The pricing of SAR57.5 per share implies a market valuation of around SAR13.3bn at listing

Sheikh-Hamdan-Dubai-Quality of Life-Strategy-Dubai-Media-Office

Dubai Quality of Life Strategy 2033: Sheikh Hamdan announces massive infrastructure upgrade

The strategy includes a host of initiatives designed to enhance wellbeing across various facets of Dubai’s urban environment