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abu dhabi court money laundering

Abu Dhabi: 79 people convicted of fraud, money laundering

The group comprised 72 Chinese nationals, one Jordanian, two Nigerians, two Cameroonians, one Ugandan and one Kenyan

Digital transformation

ADDED, SAP sign MoU to accelerate digital transformation in Abu Dhabi

Both parties will explore opportunities to enhance industry innovation and digital transformation, and and foster local digital competencies

ADNOC

ADNOC begins process to list Borouge on Abu Dhabi Securities Exchange

It intends to float 10 per cent of its petrochemicals joint venture that it entered into with Austria’s Borealis

UAE

UAE to more than double LNG export capacity with Fujairah plant

ADNOC has appointed McDermott International as design contractor and intends to award a contract for the construction of the plant in 2023

Sheikh-Khalifa

Sheikh Khalifa: UAE spent Dhs40bn in development projects under former President’s rule

Sheikh Khalifa became President of the UAE on November 3, 2004, and remained in that role until his death on May 13, 2022

Hub71

Abu Dhabi’s Hub71 welcomes 16 new startups to join ecosystem

The new cohort will have the opportunity to develop advanced technologies and gain access to the emirate’s innovation ecosystem

Air arabia abu dhabi

Air Arabia Abu Dhabi to begin seasonal flights to Tbilisi

The airline will connect Abu Dhabi to Tbilisi with thrice weekly direct flights starting June 16

Abu Dhabi’s Mubadala reports 2021 as strongest financial year ever

Mubadala invested Dhs125bn in 2021 in high-growth sectors including technology, life sciences and consumer goods

Abu Dhabi non-oil trade

Abu Dhabi’s non-oil foreign trade reached Dhs61.5bn in Q1 2022

Exports recorded a growth of 35 per cent year-on-year and were valued at Dhs24.449bn

airport

Abu Dhabi International Airport welcomes 2.56 million passengers in Q1 2022

The airport currently offers flights to 99 destinations across the globe on 26 airlines compared to 81 destinations on 18 carriers during Q1 2021

Emirates DCT Abu Dhabi

ATM 2022: Emirates signs MoU with DCT Abu Dhabi to boost tourism

The two partners will collaborate on advertising and cross promotional marketing campaigns, familiarisation programmes and promotional competitions

Solar Plant

UAE invites companies to bid for 40% stake in 1.5 GW solar plant

Abu Dhabi already has two solar parks that will have a capacity of 3.2 GW when fully operational

ADNOC Distribution

Abu Dhabi’s ADNOC Distribution reports Dhs671m in net profit for Q1 2022

ADNOC Distribution posted a 7.8 per cent year-on-year increase in EBITDA, totalling Dhs881m

Hellenic Development Bank

Mubadala extends co-investment partnership with Hellenic Development Bank of Investments

The Mubadala-HDBI co-investment partnership was first established in 2018 with an initial focus on minority direct private equity investments in Greek businesses

Etihad Airways

Abu Dhabi’s Etihad Airways performs 42 ecoflights over five days

Etihad Airways’ ecoflights tested a range of operational efficiencies and technologies

Flydubai

Flydubai to operate flights to select destinations from Dubai World Central from May 9

Passengers travelling from DWC will enjoy complimentary parking at the airport

Abu Dhabi

Abu Dhabi’s tourist attractions and events can now operate at full capacity

It has also approved an extension of the green pass validity period on the Al Hosn app from 14 to 30 days for those who are fully vaccinated

AD Islamic bank

Abu Dhabi Islamic Bank to set up asset management firm

The Shariah-compliant lender is also continuing to look at organic and inorganic growth opportunities for its banking business

TA’ZIZ, Reliance Industries Limited

UAE’s Ta’ziz, Reliance sign agreement for Ruwais chemicals project

These chemicals will be produced in the UAE for the first time creating new revenue streams and opportunities for local manufacturers

New Takaful provider

Dubai, Abu Dhabi companies to merge to create new Takaful provider

The merged company would benefit from cross-selling opportunities via increased geographic footprint and via capitalising on larger underwriting capacity

air arabia gujarat

Air Arabia Abu Dhabi to begin flights to Indian city in Gujarat

It represents the seventh city in India that Air Arabia Abu Dhabi will connect with direct services

Adnoc

Adnoc, Borealis seek $2bn from IPO of plastics JV

The state-owned energy company and Austrian chemicals producer plan to sell a 10 per cent stake in their Borouge plastics unit by the end of the quarter

Suez Canal Economic Zone

UAE’s Masdar signs agreements to develop green hydrogen plants in Egypt

Egypt hosts abundant solar and wind resources that enable renewable power generation at competitive costs

Etihad

Abu Dhabi’s Etihad reduces carbon footprint by 56% between 2018-2021

Etihad aims to reach net zero emissions by 2050

Eid holidays

Eid Al Fitr 2022: Holidays declared for private sector employees in UAE

They will either receive a four- or five-day weekend contingent on the sighting of the moon which will indicate the end of Ramadan

Abu Dhabi invests in Egyptian firms to help shore up economy

Egypt’s central bank held a special policy meeting in March and hiked interest rates for the first time since 2017

Binance receives in-principle approval from Abu Dhabi Global Market

Upon completion of the application, Binance will be able to offer services regarding virtual asset offerings to customers across the MENA region

Etihad Airways could post annual profit for 2022, ahead of plan, CEO says

Tony Douglas confirmed that the carrier turned profitable in the first quarter

Abu Dhabi

Abu Dhabi reports 21.5% growth in new economic licences in 2021

There were 24,077 commercial sector licences issued in 2021, up 21.4 per cent year-on-year

Covid-19

Abu Dhabi: Covid-19 testing requirements outlined for private school students

ADEK has confirmed that all students, including those who are unvaccinated, must return to their campus in the new term