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Nobu Residences Abu Dhabi_Penthouse Villa Terrace

Abu Dhabi’s most expensive penthouse is sold, here’s what it cost

The unit sets a new benchmark for price per square metre at more than Dhs96,000 per square metre and is the most expensive apartment ever sold in Abu Dhabi

ChatGPT

Abu Dhabi’s MGX eyes investment in OpenAI chip venture — FT

The discussions between Abu Dhabi’s MGX and OpenAI are at an early stage, according to the Financial Times

road

Abu Dhabi: ITC announces two road closures for this weekend

A partial road closure will be in place on Sheikh Khalifa Bin Zayed Al Nahyan Street in Abu Dhabi over the weekend

Alpha Dhabi completes sale of 3 hotels to NCTH

IHC’s Alpha Dhabi consolidates hotel business with NCTH deal

The transaction adds St Regis Saadiyat, Al Wathba Luxury Collection and ultra-luxury Cheval Blanc in the Maldives to NCTH’s portfolio of hotel assets

Nouran Living by Aldar launches in Abu Dhabi Image: Aldar

Community takes centre stage at Aldar’s new Nouran Living

Construction on Nouran Living is set to begin in Q4 this year, with handovers expected in Q4 2027

Abu Dhabi AI group G42 unveils new AI tool BoardNavigator

How Abu Dhabi’s G42 is bringing AI to the boardroom

BoardNavigator will be able to analyse large proprietary and public data sets to support board members in decision-making processes

Cheyne Capital secures investment from Abu Dhabi’s ADIA

Abu Dhabi’s ADIA invests in private credit fund Cheyne Capital

The investment is for the ninth round of the Cheyne Real Estate Credit Holdings programme bringing ADIA’s total commitment to $831.3m

shark tank uae-dr shimmari

‘If you don’t integrate AI, you’re out’: Shark Tank contestant talks future of startups

Dr Abdullah Al Shimmari, an entrepreneur and participant in TV shows like Bebaan and Shark Tank, shares insights into securing funding and the future of AI in business

Abu Dhabi pushes deeper into AI with new investment firm

Abu Dhabi pushes deeper into AI with new investment firm

MGX counts Abu Dhabi wealth fund Mubadala Investment Company and Group 42 as its founding partners

Abu Dhabi’s Unifrutti expands footprint with fresh acquisitions

Abu Dhabi’s Unifrutti eyes further Latam growth after fresh acquisitions

The company is owned by Abu Dhabi wealth fund ADQ and distributes 500,000 metric tonnes of fresh fruits worldwide per year

Abu Dhabi greenlights Dhs66bn development blitz in 2024 Image Ab Dhabi Media Office

Abu Dhabi green-lights Dhs66bn development drive in 2024

Marking a significant focus on bolstering the housing sector, over Dhs59bn has been earmarked for the development of housing and public facilities throughout Abu Dhabi

Etihad Airways

Etihad to fly double-daily flights to Rome soon

The double-daily services will be operated utilising Boeing 787-9 and Boeing 777-300 aircraft from Etihad’s modern wide-body fleet

Ramadan 2024: Abu Dhabi Police announces change in traffic rules

Traffic patrols will be on high alert across all roads, with additional enforcement through smart traffic systems

ADQ taps banks for Etihad Airways IPO, says reports

Abu Dhabi’s ADQ reportedly picks banks for Etihad Airways IPO

The sovereign fund may add more banks later and the final lineup of advisers may change as there is no final decision on the timing of the IPO

ADGM’s assets under management rose by 35% in 2023

ADGM says assets under management rose by 35% in 2023

A total of 102 asset managers, comprising investment firms and hedge funds, who manage 141 funds have set up shop in Abu Dhabi

Etihad

Etihad readying for possible IPO reveals CEO Antonoaldo Neves

Etihad will publish a 2023 annual report by mid-April for the first time, including details of pandemic-related government support

Etihad Airways carries 14 million passengers in 2023

Etihad Airways witnesses 40% yearly surge in passenger traffic

The airline reported a 2023 net profit of Dhs525m and a previously unreported 2022 net profit of Dhs92m

How ADNOC generated $500m in extra value from AI solutions

How ADNOC generated $500m in extra value from AI solutions

The oil firm’s use of AI technologies abated up to one million tonnes of carbon dioxide emissions between 2022 and 2023

Instagram , Facebook

Facebook, Instagram down for thousands in the UAE

The tracker’s UAE website showed over three thousand reports for Instagram and over six thousand reports for Facebook

UAE - Ramadan 2024

Ramadan 2024: UAE announces reduced working hours for the holy month

According to the government circular, ministries and federal entities will adhere to a specific schedule during Ramadan

Etihad Rail and ADNOC to launch passenger train service in Abu Dhabi Image courtesy Etihad Rail

PHOTOS: Taking a ride on Etihad Rail with top UAE officials

Take a look at an Etihad Rail train trip from Abu Dhabi to Dubai that included the CEO of Etihad Rail, Shadi Malak, along with Major General Sheikh Ahmed bin Tahnoun Al Nahyan.

Geopolitical tensions to complicate WTO deal-making in Abu Dhabi

4 key outcomes from WTO negotiations in Abu Dhabi

Talks ended at the WTO Abu Dhabi meeting after five days of negotiations which didn’t see breakthroughs on key topics

ADNOC closes acquisition of 24.9% stake in OMV

ADNOC buys 25% stake in 68-year-old Austrian chemical group

The company said it intends to nominate two representatives to the OMV supervisory board

WTO

Tough negotiations at WTO meet amid digital trade impasse

The scheduled announcement of a final agreement after four days of intergovernmental talks between the WTO’s 164 members was pushed back for a fifth day until 2pm on Friday in Abu Dhabi

FAB targets Dhs300 million in revenue from China by 2026

Abu Dhabi’s FAB to triple revenue from China operations by 2026

The bank opened its fully licenced branch in mainland China in 2022 and grew its business there by 50 per cent in 2023

Abu Dhabi’s Mubadala to invest in space tech, AI this year

Mubadala plans to invest in space tech, AI this year

Khaldoon Mubarak told an investor conference that sovereign funds had an opportunity to transform from asset investors to enablers of global progress

Q Holding to rebrand as Modon Holding after $12bn merger

Abu Dhabi’s Q Holding to rebrand as Modon Holding after $12bn merger

ADQ and IHC Capital will own a respective 38.7 per cent and 19.4 per cent of the entire issued share capital of the merged entity

REVEALED: Dubai neighbourhoods with the highest rent increases

For residents of Dubai’s Damac Hills, Dubailand and Al Barsha the rental increases were particularly severe, according to the 2023 Annual Property Rental Market Report released by online marketplace dubizzle

PHOTOS: Flying with UAE cloud seeding pilots

The UAE has five specialised aircraft for cloud seeding operations and it also has a factory to produce high-quality flares in the region

WTO aims for modest outcomes at Abu Dhabi meeting

WTO aims for modest outcomes at Abu Dhabi meeting

The almost 30-year-old global watchdog tries to strike deals by consensus, but such efforts are becoming more and more difficult