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Abu Dhabi approves first housing and benefits package of the year Image WAM

Abu Dhabi approves Dh2.18bn housing package for citizens

The package was approved under the directive of UAE President Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi

dubai fireworks

Eid al Fitr 2024 fireworks across UAE: Where to watch it in Dubai and Abu Dhabi

From Dubai’s Global Village to Yas Island in Abu Dhabi, fireworks will light up the night sky to mark Eid al Fitr 2024

Etihad Airways to fly to Al Qassim from June Image Etihad Airways

Etihad to debut flights to this new Saudi destination

In addition to the Al Qassim route, Etihad Airways will increase frequencies to various destinations, including Antalya and Jaipur, starting June 15

FAB issues $800m sukuk, marks first for the year globally

FAB exploring purchase of Turkey’s Yapi Kredi Bank: Reports

FAB has held early exploratory talks with owners of several Turkish banks

Traffic fine discount - Abu Dhabi - UAE

Abu Dhabi announces road closures, traffic rule change

Motorists should be aware of changes to traffic movement and road closures announced by Abu Dhabi’s transport regulatory authority

Abu Dhabi

Abu Dhabi private sector sees robust growth, value hits Dhs338.9bn in 2023

The sector’s ongoing contributions to Abu Dhabi’s GDP were shared by ADDED and ADIO at the second edition of their Al Multaqa meeting held recently

Easylease acquires 60 per cent of United trans

IHC’s EasyLease acquires 60% stake in United Trans, expands interest in mobility sector

By combining their expertise, EasyLease and United Trans aim to deliver a wider range of enhanced mobility solutions to customers across the GCC and MENA regions

ADNOC-OIL-Pipelines - LUNATE

BlackRock, KKR sell ADNOC oil pipeline stake to Lunate

BlackRock and KKR bought the stake for $4bn in 2019 in a landmark deal

UAE’s Jubail Island Investment Company unveils $1.09bn beachfront community in Abu Dhabi

Owned by JIIC, Jubail Island is set to become a premier residential destination, housing six residential villages amidst the rich biodiversity of the mangroves

ADQ launches Arcera

Abu Dhabi’s ADQ launches Arcera to boost life sciences sector

Arcera plans to double its revenue within five years through strategic acquisitions and partnerships

Etihad launches flights to boston(web size)

Abu Dhabi’s Etihad Airways debuts flights to Boston

Boston joins Chicago, New York and Washington as Etihad’s fourth destination in the US

Sizewell C nuclear energy plant

UAE signals interest in European nuclear energy investments: Reports

According to reports, ENEC, owned by Abu Dhabi’s ADQ, has been holding talks to invest in the UK

Abu Dhabi

Abu Dhabi’s non-oil GDP expands over 9% in 2023

The emirate’s GDP in 2023, reached Dhs1.14tn, marking its best performance in ten years

Tourism

Abu Dhabi’s ambitious 2030 tourism strategy: GDP contribution at $90bn, over 178,000 jobs

The Tourism Strategy 2030 reflects Abu Dhabi’s vision to transform its social and economic landscape

Traffic fine discount - Abu Dhabi - UAE

Fog, rain alert for UAE: NCM issues advisory for motorists

The NCM warned of low visibility for areas under a red alert warning

Louvre

Louvre Abu Dhabi draws over 1.2 million visitors in 2023

Since its opening in 2017, the Louvre Abu Dhabi has not only attracted art enthusiasts and collectors but also positioned the emirate as a global cultural hub

Cheyne Capital secures investment from Abu Dhabi’s ADIA

Abu Dhabi unveils new Dhs3.5bn residential project for citizens

The Yas Canal project in Abu Dhabi will comprise 1,146 residential villas for UAE Nationals and is scheduled for completion in Q4 2027

IOTA launches $10m fund at Investopia 2024

IOTA launches $10m fund to support startups, venture projects

The fund seeks to enhance the trade technology landscape and foster a more interconnected, efficient, and accessible global trade system

Cloud seeding in the UAE AL AIN, UNITED ARAB EMIRATES - JANUARY 31: Ground engineers restocking one of the UAE's National Center of Meteorology cloud-seeding planes with new Hygroscopic salt flares on January 31, 2024 in Al Ain, United Arab Emirates. Cloud seeding is a weather modification technique that employs chemicals to stimulate the formation of ice crystals or raindrops within clouds. Although cloud seeding has been in use since 1947, its significance has grown, particularly for arid regions like the UAE. The country, with its own National Center of Meteorology and Seismology deploying planes for cloud seeding, has invested in the technology as an immediate solution to address challenges related to water scarcity. (Photo by Andrea DiCenzo/Getty Images)

Key cloud-seeding project kicks-off in Abu Dhabi

This project aligns with UAEREP’s mission to foster capacity building and knowledge exchange within the rain enhancement science research community

Abu Dhabi’s IHC mulls listing holding firm 2PointZero

Abu Dhabi’s IHC mulls listing holding firm 2PointZero, says CEO

The newly created holding firm with assets worth $27bn (Dhs100bn) is set to go to the market “sometime next year”

Lulu Hypermarket

LuLu Group’s potential Abu Dhabi IPO could top $2bn

LuLu’s potential IPO is poised to be among the most notable listings in the Gulf region this year

ADX, Eureeca partner to expand IPOs globally

ADX, Eureeca join forces to expand global investor access to IPOs

The initiative is expected to tap into the growing interest from regional and global retail investors, and high net-worth individuals

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