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Abu Dhabi updates green list of destinations which do not require quarantine

Kazakhstan, which was added in the previous update, has now been removed from the list

UAE retail forecast

UAE retail sales forecast to reach $58bn in 2021

During 2021, Dubai and Abu Dhabi are expected to see 761,000 sqm and 293,000 sqm respectively of retail gross leasable area added to the market

Abu Dhabi utility Taqa to weigh sale of oil and gas assets

Taqa built its oil and gas unit mostly through acquisitions

AD Gaming formed to further gaming sector in Abu Dhabi

Global video game industry predicted to hit $300bn by 2026

Abu Dhabi court fines four people, jewellery firm Dhs90m for money laundering, fraud

Each of the four defendants has been handed a five-year imprisonment term followed by deportation and a fine of Dhs10m

ADNOC Distribution

UAE’s ADNOC Distribution changes share dividend policy

It confirmed a minimum Dhs2.57bn dividend for 2022

Ramadan 2021 UAE

New Covid-19 rules announced for Ramadan 2021 in UAE

Officials advised that only members of a family living in the same household should share meals

Tadweer Abu Dhabi

Tadweer recycled 1.9 million tons of construction waste in Abu Dhabi last year

The Abu Dhabi Executive Council has mandated that at least 40 per cent of recycled materials be used in road and construction projects across the emirate

Aldar offers to buy stake in Egypt’s Sodic; shares climb

The offer values the Egyptian property developer at about $420m

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi to launch new flights to central Asian country

Flights to the two cities in Kazakhstan are expected to commence from May 2021

Israel UAE Travel Corridor

UAE, Israel consider quarantine-free travel corridor for fully vaccinated individuals

The two countries are expected to reach an agreement by next month

Abu Dhabi

Abu Dhabi issues new rules for Covid-19 testing and quarantine of government employees

No exemptions from Covid-19 PCR tests for employees working out of their offices even if they have been vaccinated

Abu Dhabi International Airport Covid-19 PCR Test

Free Covid-19 PCR tests at new lab inside Abu Dhabi International Airport

The 4,000-square-metre facility with 190 staff is capable of conducting over 20,000 tests per day, with results available in approximately 90 minutes

Abu Dhabi UAE

Abu Dhabi: Prior Covid-19 PCR testing mandatory for guests attending events

Staff organizing and present at the venues must undergo Covid-19 PCR tests every week

Abu-Dhabi-International-Airport-1

Abu Dhabi amends ‘green list’ destinations, Saudi back in

The new list, effective from March 8, includes 13 countries, up from 10 in the previous update

Amazon UAE Uk

UAE Amazon customers can now order directly from Amazon UK

Prime members are eligible for free deliveries on orders above Dhs100, with the prices displayed being inclusive of all duties

International Holding Company

Abu Dhabi’s International Holding Company reports Dhs3bn net profit for 2020

IHC’s total assets increased to Dhs14bn as of December 31, 2020, from Dhs4bn a year earlier

Etihad Abu Dhabi Covid-19

UAE’s Etihad extends global Covid-19 insurance until September 30, 2021

Passengers are covered for up to EUR150,000 of medical costs in case of a positive diagnosis 31 days from the date of travel

Tarek Fathey Abu Dhabi Health Services Company SEHA

Abu Dhabi Health Services Company, SEHA, appoints new CEO

Tarek Fathey most recently served as the chief operating officer at Mediclinic Middle East

cinemas abu dhabi

Abu Dhabi reopens cinemas at 30% capacity

Cinemas in the emirate were previously ordered to close indefinitely from February 5

Etihad

Abu Dhabi’s Etihad reports $1.7bn loss for 2020, passenger traffic down 76%

The airline reported $1.2bn in passenger revenues in 2020, down by 74 per cent from $4.8bn the previous year

Etisalat du credit score

Etisalat, du to rely more heavily on UAE credit rating score for new postpaid customers

With the addition of Etisalat and du’s data, AECB’s customer information database stands at 9 million individuals and 600,000 companies

Anghami

MENA music streaming platform Anghami merges with Vistas Media, to list on Nasdaq New York

The agreement will result in Anghami becoming the first Arab technology company to list on Nasdaq New York

Unilabs Abu Dhabi

New Swiss lab in Abu Dhabi can analyse 80,000 Covid-19 PCR tests per day

Unilabs’ Abu Dhabi laboratories are also testing samples collected overseas, with results provided within 24 hours

Etihad Hub71

Etihad to become official partner of Abu Dhabi’s tech startup venture Hub71

Hub71, is a flagship initiative of Ghadan 21, Abu Dhabi’s accelerator programme for business in the capital

Wealth fund newbie comes into focus in Abu Dhabi’s $1 trillion sovereign hub

ADQ has over 100 employees and its combined portfolio of 90 companies have more than 70,000 people working for them

ADCB expands mortgage business, acquires portfolio from Abu Dhabi Finance

Customers are expected to transfer to the ADCB banking platform during the first half of 2021

First Abu Dhabi Bank

First Abu Dhabi Bank approves Dhs8.08bn cash dividends for 2020

The bank recorded a a full year 2020 net profit of Dhs10.6bn

ADNOC Abu Dhabi

UAE’s ADNOC appoints new managing director, restructures to form executive board of directors

Dr Sultan Ahmed Al Jaber has been appointed as managing director of ADNOC, in addition to his current position as CEO

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi to process 100% cash refunds within a week of cancellation

The airline also offers customers the option to refund 120 per cent of the original fare in airline credit