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miral group ceo

Cover feature: How Miral is transforming Abu Dhabi with its grand vision

Mohamed Abdalla Al Zaabi, group CEO of Miral, the leisure, tourism and lifestyle brand, tells us how the company is realising Abu Dhabi’s ambitious economic, leisure and tourism strategy, one mega project at a time

ADGM FSRA

Abu Dhabi Global Market’s FSRA launches AI initiative on open regulation

The Open Regulation (OpenReg) initiative will be hosted at ADGM’s GitHub repository

Aldar and Nobu partner

Aldar, Nobu Hospitality to bring region’s first Nobu branded residences, hotel to Saadiyat Island

The agreement will see Aldar develop a five-star hotel, featuring 165 luxurious guest rooms and suites, including the rooftop Nobu Villa

Abu Dhabi Airport q3 passenger traffic touched 4.7mn

Abu Dhabi Airports serves 4.7 million passengers in Q3 2022

While its five airports handled 10,982,114 passengers by September 30, Abu Dhabi Airports expects to close 2022 with over 15 million passengers

Abu Dhabi EAD reports good progress on single use plastic ban

Abu Dhabi: Daily reduction of half a million single-use plastic bags since June 1

More than 80 per cent of Abu Dhabi’s outlets, including the main retail shops, are committed to levying voluntary fees

Abu Dhabi’s Etihad to livestream FIFA World Cup matches onboard its aircraft

The matches will be streamed live on Etihad’s E-BOX entertainment channels Sport 24 and Sport 24 Extra

Poland opens representative office in UAE

Poland opens representative office in UAE

The UAE is one of Poland’s largest trading partners in the region, with non-oil trade reaching $1.3bn in the first 9 months of 2022

Mideast KFC operator Americana raises $1.8bn from IPO

Mideast KFC operator Americana raises $1.8bn from IPO

Americana will be the first company to have its shares traded in both Riyadh and Abu Dhabi

Abu Dhabi

Abu Dhabi’s GDP grows 11.2% in the first half of 2022

Abu Dhabi’s non-oil GDP grew to Dhs273bn, contributing more than 50 per cent to the emirate’s real GDP

Etihad offers discounted fares to select destinations

Abu Dhabi’s Etihad offers discounted fares to select destinations

Guests will be able to travel to Istanbul at fares starting at Dhs1,995 for economy class and Dhs11,995 for business class

Abu Dhabi’s Masdar inks agreement to develop solar plant in Turkmenistan

The agreement builds on the Masdar-Turkmenistan MoU signed last year for development of renewable energy projects

rigs

Abu Dhabi’s ADNOC Drilling purchases three offshore jack-up rigs for $320m

The acquisition supports the company’s accelerated fleet expansion and growth strategy

AD Ports Group,TotalEnergies partner to explore solar opportunities

AD Ports Group, TotalEnergies partner to explore solar opportunities

Under the agreement, each partner will contribute expertise and technologies to conduct feasibility studies for distributed solar generation at KEZAD

AD Ports Group acquires Noatum

Abu Dhabi Ports Group acquires Spain’s Noatum in Dhs2.5bn deal

Subject to regulatory approvals, the transaction is expected to close in the first half of 2023

Taxi

Abu Dhabi launches public water taxi service

The service will offer an alternative transport option for public between Yas Bay, Yas Marina and Al Bandar

UAE’s Masdar to collaborate with Jordan’s energy ministry on renewable energy projects

In 2015, Masdar delivered the Tafila wind farm in Jordan, which increased the country’s total power capacity by 3 per cent

Etihad Airways

Abu Dhabi’s Etihad to welcome over 1.5 million passengers over next six weeks

The airline has advised travellers to check-in online and arrive early to complete airport formalities

Etihad Airways becomes first airline to participate in World Energy’s net-zero program

Etihad Airways becomes first airline to participate in World Energy’s net-zero program

The announcement comes on the heels of the two companies powering the first net-zero flight using Sustainable Aviation Fuel (SAF) via a Book & Claim system

UAE’s Tabreed reports Dhs400m in nine-month net profit

The group revenue increased by 13 per cent to total Dhs1.66bn for the first nine months of the year

Abu Dhabi

Abu Dhabi expects IPO boom to continue, with 11 deals next year

Listings in the Middle East have seen strong investor interest

Air Arabia Abu Dhabi to launch direct flights to Tashkent

Air Arabia Abu Dhabi to launch direct flights to Tashkent

The flights will connect Abu Dhabi International Airport to Islam Karimov Tashkent International Airport, starting December 7

codeshare agreement

Abu Dhabi’s Etihad, Garuda Indonesia expand codeshare agreement

The expansion of the agreement will strengthen both airlines’ networks beyond Abu Dhabi and Jakarta hubs

KFC

Gulf KFC operator seeks up to $1.8bn from Saudi, UAE IPO

The final offer price is expected to be announced on November 23 and trading on both exchanges will start December 6

ADNOC Distribution

ADNOC Distribution reports 39% rise in nine-month net profit

The company’s non-fuel transactions increased by 18 per cent during the period

Harry Potter themed land

Abu Dhabi to welcome Harry Potter themed land

The themed land will be part of the indoor theme park, Warner Bros. World Abu Dhabi

Masdar

UAE’s biggest clean-energy firm to look at deals in US, Europe

Abu Dhabi-based Masdar is leading a consortium that will build a 10-gigawatt wind plant in Egypt

Air Arabia Egypt launches service to Marseille

Air Arabia Egypt to launch new service between Cairo and Marseille

The service will commence from December 16

126-activities-added-to-Tajer-Abu-Dhabi

Abu Dhabi’s Fertiglobe reports 84% rise in adjusted net profit for Q3 2022

The company’s Q3 2022 revenues increased 52 per cent year-on-year to total $1.32bn

ADNOC Refining

ADQ, Veolia, Vision Invest acquire ADNOC Refining’s waste management operations

ADQ, Veolia, and Vision Invest will own and operate two waste management plants, which sustainably treat and dispose of industrial waste generated from across ADNOC’s operations

ADNOC awards $4bn agreements for integrated drilling fluids services

ADNOC awards $4bn agreements for integrated drilling fluids services

The agreements were awarded to ADNOC Drilling Company, Schlumberger Middle East and Halliburton Worldwide Limited Abu Dhabi