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Bayanat reports robust FY2023 performance AI-GettyImages-1481133084

Bayanat reports 47% revenue growth in 2023, reaches zero-debt position

Bayanat and Yahsat have announced a combined entity, Space42, which will be one of the world’s most valuable publicly listed space companies by market cap

Presight AI-FY2023 results _GettyImages-1194176305

Presight AI FY2023 net profit rises 5.1% driven by projects, global expansion

Presight AI’s Q4 performance saw revenues jumping by 23.3 per cent and net profit margin reaching 42.1 per cent

Etihad Airways

Etihad Airways signs code share with Air Serbia, increases flights to Middle East, India

Etihad Airways is ramping up its offerings for spring and summer travel with a code share with Air Serbia and increased flights to Riyadh, Bengaluru

Aldar invests Dhs22bn in development projects in 2023

UAE’s Aldar Properties unveils Dhs5bn investment plan

The office and retail assets are part of the property firm’s investment portfolio, which houses Dhs25bn of income-generating real estate assets

IHC Announces Stellar Preliminary Financial Results for 2023 Image courtesy IHC X

IHC sees 18% revenue jump in 2023, as diversification pays off

Diversification into new sectors and strategic acquisitions fuelled growth, with preliminary net profit remaining strong at Dhs32.75bn

Ghitha Holding acquires 44 per cent stake in MNG Airlines Image Supplied

IHC’s Ghitha Holding acquires $211.2m stake in MNG Airlines

The acquisition strengthens Ghitha’s logistics and aviation, cementing its leadership in the regional food trading sector

ADDED, UK’s HYCAP to set up clean energy industrial complex

ADDED, HYCAP Group to build clean energy industrial complex in Abu Dhabi

The complex will specialise in industries related to hydrogen and the advancement of renewable energy sources

Abu Dhabi waterfront

Abu Dhabi property market: From Al Reef to Saadiyat Islands – 5 areas to track

While there was an increase in sales prices in several areas driven by high demand, this trend was particularly noticeable in upscale neighbourhoods offering high-end amenities

Abu Dhabi closes 8 health centres, imposes fine

Abu Dhabi imposes Dhs1m fine, closes 8 health centres

The healthcare regulator closed four home care facilities due to their failure to comply with its standards and regulations

Abu Dhabi Commercial Bank - ADCB

UAE bank ADCB Q4 net profit jumps 38%, beats forecasts

Net interest income in the fourth quarter increased by 17 per cent year-on-year to Dhs3.41bn

GCC markets update

GCC markets update: QE, DFM and Tadawul

Follow our live blog below to stay abreast of news and updates across the GCC markets

UAE winter rain hits Dubai and other emirates. Image Getty Images Karim Sahib

UAE braces for rain and wind: Three-day weather forecast

Motorists are advised to adhere to speed limits, refrain from sudden braking, maintain a safe following distance, and pull over if visibility is impaired

ADNOC Gas, GAIL India sign 10-year LNG supply deal

ADNOC Gas signs multi-year LNG supply agreement with GAIL India

The energy firm maintained a strong sales momentum in 2023, signing LNG deals valued between $9.4bn and $12bn

Abu Dhabi: KEZAD's Dhs621m injection to supercharge warehousing sector image Kezad

Abu Dhabi: KEZAD’s Dhs621m injection to supercharge warehousing sector

 KEZAD Group has commenced construction of the new phases in light of strong demand for warehousing and other prebuilt facilities across Abu Dhabi, in both free zone and domestic industrial areas

Dhs400 fine confirmed on this Abu Dhabi highway

Abu Dhabi clarifies speed limit rule on Sheikh Mohammed bin Rashid Road

Motorists driving below 120km/h on the first two lanes of the four-lane highway will be fined Dhs400

UAE rainfall sparks weather hazard warnings

Rain has fallen in parts of the UAE on Sunday morning as authorities have warned the public to be careful of potential hazards

ABHI to relocate headquarters to Abu Dhabi

Pakistan’s ABHI moves to Abu Dhabi in bid to deepen tech ties

The fintech platform is currently in discussions with multiple UAE banks about rolling out its solutions

AD Ports Group to digitalise Aqaba port operations

AD Ports Group’s Maqta Gateway to digitalise Aqaba port operations

The implementation of port community system marks the first ever export of Abu Dhabi’s key port digitalisation solution

Etihad Cargo, Abu Dhabi Airports, Abu Dhabi Food Hub to set up air corridor for food trade image Getty Images

Abu Dhabi moves to bolster air corridor for food trade

The launch of the Fresh Corridor 2.0 will encourage two-way food trade between the UAE and the rest of the world bringing food products into the UAE

Aldar launches Sama Yas at Yas park

Abu Dhabi: Aldar unveils new premium residential community in Yas Park

Sama Yas, set to launch on February 2, comprises three low-rise buildings, which include one-, two, and three-bedroom apartments, two- and three-bedroom duplexes, two- and three-bedroom garden apartments, and penthouses

UAE President establishes AI and Advanced Technology Council

UAE President establishes AI and Advanced Technology Council

The council will contribute to the continued development and prosperity of the post-hydrocarbon economy

ADNOC bumps up decarbonisation budget to $23bn

UAE’s ADNOC bumps up decarbonisation budget to $23bn

The increased allocation will include investments to grow the company’s domestic and international carbon management platforms

United Printing & Publishing rebrands to E7 Group

Abu Dhabi’s United Printing & Publishing rebrands to E7 Group

The new brand identity combines ‘Emirates’ and ‘7’ and is inspired by the UAE’s unity and future-facing strategy

G42 invests in new edge computing firm Analog

UAE’s G42 unveils new edge computing firm Analog

The venture’s journey from concept to reality is marked by human-focused innovation, design, and solutions that resonate on a human level

ADQ and ADNEC Group to acquire stake in Egyptian hotel company GettyImages-520265584-e1703142282632

UAE’s ADQ, ADNEC Group to acquire 40.5% stake in Egyptian hospitality company

ADQ and ADNEC will invest in the company through a special purpose vehicle, with 49 per cent equity ownership by ADQ and 51 per cent equity ownership by ADNEC

Mubadala lists dual currency bond on ADX

Abu Dhabi’s Mubadala lists $5.3bn duel currency bond on ADX

The listings include Mubadala’s debut green bond and the fund’s inaugural dirham-denominated bond

Mubadala Abu Dhabi Open: WTA top seeds Raducanu, Jabeur, Maia to participate

Mubadala Abu Dhabi Open: WTA top seeds Raducanu, Jabeur, Maia to participate

This year, the Mubadala Abu Dhabi Open tournament features 10 of the Women’s Tennis Association’s top 20-ranked players

Sheikh Mohamed in Gujarat

UAE President Sheikh Mohamed lands in India for Vibrant Gujarat Global Summit

The Vibrant Gujarat Global Summit will see the participation of 34 countries and 16 international organisations in its 10th edition

Ex-UAE climate change minister to head IHC’s $27bn fund

Ex-UAE climate change minister to head IHC fund 2PointZero

The investment vehicle’s sprawling portfolio includes Abu Dhabi’s newest fund Lunate, International Resources Holding, and private investment firm Chimera

Khalifa fund TAMM

Khalifa Fund transitions services to TAMM platform, increases accessibility to SMEs

With the transition to TAMM, Khalifa Fund is poised to provide more efficient and accessible services to entrepreneurs in the emirate