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Abu Dhabi

Abu Dhabi airports handle 22.4 million passengers in 2023

Abu Dhabi airports’ passenger traffic soars to 22.4 million in 2023

The number of annual arrivals through Abu Dhabi’s airports reached more than 11.1 million, while the number of departures stood at 11.3 million

ADIA HEADQUARTERS-ABU DHABI-MEDIA-OFFICE

ADIA subsidiary leads $120m investment in beauty platform Purplle 

ADIA’s leadership in the recent funding round for Purplle Group underscores the attractiveness of the Indian retail market

CEPSA - BIOMETHANE

Mubadala-backed Cepsa signs biofuels agreement with Lidl’s owner

The first biomethane plant will have a capacity of up to 100 GWh and will feed Cepsa’s planned green hydrogen and biofuels facilities

UAE’s ADNOC Drilling awarded $733m contract

ADNOC Drilling secures $733m contract for three island rigs

The design of the rig operating systems will leverage real-time condition, performance, and utilisation data to generate actionable insights

ADIB facilitates Dhs5.6bn in sustainable finance in 2023

UAE’s ADIB facilitated Dhs5.6bn in sustainable finance in 2023

The Islamic bank recently unveiled 2030 emissions reduction targets for six key portfolio sectors including home and auto finance

ADNOC L&S invests $2.5bn to expand LNG fleet

Abu Dhabi’s ADNOC L&S expands LNG carrier fleet with $2.5bn investment

The new vessels will increase the company’s fleet of LNG carriers from 14 to at least 22 vessels

PureHealth sales entire stake in stem cell business

PureHealth divests stem cell business to streamline operations

The sale will advance the healthcare firm’s focus on specialised services previously offered at Abu Dhabi Stem Cells Centre and Yas Clinic at Sheikh Shakbout Medical City

SpaceX to launch Yahsat Al Yah 4 and 5 satellites

SpaceX to launch Yahsat’s Al Yah 4 and 5 satellites

These satellites are expected to eventually replace the older Al Yah 1 and Al Yah 2, launched in 2011 and 2012, respectively

AXA IM Alts grows global presence with ADGM office

French investment firm AXA IM Alts expands global footprint with ADGM office

The Abu Dhabi office will be primarily focused on capital raising across AXA IM Alts’ private and alternative assets range

Influencer

What you need to know about Abu Dhabi’s social media influencer licence

The rules aim to ensure transparency and accountability in the fast-growing field of influencer marketing

Brookfield Solano County California

UAE’s Masdar bids for Brookfield’s Spanish renewables unit: Reports

Brookfield bought the company from Spanish construction group ACS for EUR1bn in 2018

Abu Dhabi luxury developments

Abu Dhabi’s luxury real estate boom: 9 projects to watch

The emirate’s luxury real estate market is on an upswing with a wave of high-end developments set to redefine city living

SingAuto

SingAuto rolls into UAE with self-driving trucks and EV District in Abu Dhabi

SingAuto’s initiative to build the world’s largest commercial EV industrial district marks a significant step towards a sustainable, innovative, and efficient logistics landscape for the region

stock markets

Subscriptions open for Chimera JP Morgan Global Sukuk ETF: How to invest

Investors can subscribe to the ETF units, during the offering period, which runs until July 2

Abu Dhabi launches first-of-its-kind Family Business Index

Abu Dhabi launches first-of-its-kind Family Business Index

The index will provide a deeper understanding of the role and impact of family businesses on the economy and society

ADNOC

ADNOC’s expansion into Europe: 7 landmark deals diversifying its energy operations

ADNOC is striking strategic deals across Europe, as it seeks to diversify, its upstream and downstream operations

ADNOC revives bid to buy Germany’s Covestro, this time with $12bn offer

ADNOC’s initial informal offer to Covestro was reported in June 2023, but it wasn’t until September last year that the German company entered into open-ended formal discussions

RedBird - A logo of The Daily Telegraph newspaper on a newsstand in London, UK, on Tuesday, March 12, 2024. Rupert Murdoch’s News Corp. and the publisher of the UK’s Daily Mail tabloid are weighing an offer for the company that owns the Telegraph newspaper and Spectator magazine, alongside United Arab Emirates-backed investment fund RedBird IMI, people familiar with the matter said. Photographer: Jose Sarmento Matos/Bloomberg

RedBird IMI opens bids for its sale of UK’s Telegraph newspaper

RedBird IMI’s sale of the titles is expected to conclude later this year

MUBADALA partners with SAILGP

Sailing-Brazil joins SailGP with backing from Abu Dhabi’s Mubadala

Brazil will start racing from the beginning of SailGP’s fifth season, which is due to begin in November

Etihad Airways - new summer routes

Summer travel: Etihad Airways adds new routes to Antalya, Bali, Jaipur and Al Qassim

In addition to the new routes, Etihad has commenced operations to several seasonal destinations and returned to popular summer hotspots

Abu Dhabi Government lists $5bn bonds on local exchange

Abu Dhabi Government lists $5.3bn bonds on local exchange

The stock exchange said that the listing will be in three tranches, starting on June 21

Abu Dhabi is MENA region's fastest-growing emerging startup hub, reveals study Image provided by Hub71 - Abu Dhabi's Global Tech Ecosystem

Abu Dhabi is MENA region’s fastest-growing emerging startup hub, reveals study

The GSER report highlighted Abu Dhabi’s strengths in the fintech, agtech and new food, and climate tech sectors, citing the density of talent, support resources, and startup activity

Advent and ADIA unit to acquire minority stake in Fisher Investments

Advent and ADIA unit to acquire minority stake in Fisher Investments

The money-management firm oversees $275bn for more than 150,000 clients including individuals and institutions

Broaden energy to build green hydrogen equipment manufaturing facility in Abu Dhabi GettyImages-1340022435 Image for illustrative purposes

Broaden Energy to set up Dhs1bn hydrogen equipment facility in Abu Dhabi

The UAE aims to rank among the top 10 producers of green hydrogen globally by 2031, with a production target of 1.4 million tonnes annually

Federal authorities to support AGWA cluster GettyImages-Tatian-Dolgova-1258165850-1

Abu Dhabi: Federal regulators unite to bolster new AGWA cluster

The AgriFood Growth & Water Abundance cluster aims to play a leading role in global efforts to tackle food shortages and water scarcity

Presight and Dell technologies sign MoU_GettyImages-1194176305

Dell Technologies, Presight ink MoU to drive digital innovation in UAE

The partnership will leverage Presight’s expertise in AI and data analytics with Dell’s capabilities in compute, storage, data protection and network solutions

UAE-President and ruler of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan approves second housing benefits package photo-courtesy_WAM

Abu Dhabi approves Dhs3.3bn housing benefits package for citizens

The housing benefits package includes housing loans worth over Dhs3.046bn, aiding 1,766 citizens in Abu Dhabi

ADNOC LNG

ADNOC awards multi-billion dollar contracts for Ruwais LNG plant

ADNOC’s Ruwais facility is expected to be the region’s first LNG export facility to run on clean power

Adnoc-gordon-tech

UAE’s ADNOC Drilling, Alpha Dhabi Holding to become majority shareholders in Gordon Tech

Prior to the deal, Gordon Technologies, based in Louisiana, was primarily owned by Houston-based private equity firm Pelican Energy Partners

NATURGY_TAQA_BID

Abu Dhabi’s TAQA and Spain’s Criteria end talks for Naturgy takeover plan

TAQA was in talks with Naturgy’s three largest shareholders for a possible takeover bid