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Emirates Park Zoo and Resort

From vision to reality: The transformational journey of Emirates Park Zoo and Resort

The Emirates Park Zoo and Resort has evolved from being a modest petting zoo to being home to over 220 wildlife animals

Alpha dhabi reports H1 2024 results Image courtesy WAM

Alpha Dhabi reports Dhs6.7bn in net profit for H1 2024

Despite a decrease in total gains to Dhs2bn, attributed to the de-recognition of PureHealth in 2023 and the adoption of corporate tax in the UAE, the group’s overall net profit remained strong

Abu Dhabi's Sanad, Airbus announce partnership for MRO services

Abu Dhabi’s Sanad, Airbus announce partnership for MRO services

The agreement covers the Rolls Royce Trent 700, International Aero Engines V2500-A5 and CFM LEAP-1A engine platforms

Mubadala-owned Porto Sudeste

Mubadala, Trafigura hire banks to sell Brazil port: Reports

Mubadala and Trafigura are looking to sell the port terminal Porto Sudeste, in Rio de Janeiro state, say reports

Gautam Adani

Abu Dhabi, Qatar wealth funds back Adani Energy’s share sale: Reports

Adani Energy, a power transmission and distribution company, raised funds through a Qualified Institutional Placement

ADNOC

Covestro says ADNOC deal closer as ‘talks continue in a constructive manner’

Covestro said in June it was stepping up talks with ADNOC after the UAE’s national energy company made an improved takeover bid

e& Group & offers concessions after EU alleges subsidies

UAE’s e& offers concessions after EU alleges subsidies in PPF deal

The move came a month after the European Commission began investigating an unlimited guarantee and a loan from UAE-controlled banks that facilitated the deal

Masdar to invest in endesa clean energy projects in Spain

Masdar to acquire 49.99% stake in 2.5GW Spanish renewable energy portfolio

Masdar will invest EUR817m in the transaction, which values the portfolio at EUR1.7bn, making it one of Spain’s largest renewable energy deals

First Abu Dhabi Bank (FAB) reports robust performance in H1 2024 GettyImages

FAB posts record H1 profit of Dhs8.4bn amid strong revenue growth

The bank’s profit before tax grew by 15 per cent year-on-year to Dhs10bn

Borouge, ADNOC to develop specialty polyolefins complex in China

Borouge, ADNOC to develop specialty polyolefins complex in China

The proposed complex is projected to produce 1.6 million tonnes per annum of speciality polyolefins

Abu Dhabi to launch 3 high-tech ventures_ ATRC meeting highlights

Abu Dhabi to launch 3 key tech ventures: ATRC meeting highlights

The initiatives will focus on transforming data security in the quantum era, enhancing smart autonomous mobility, and advancing Agritech with robotic technologies

Abu Dhabi to introduce biometric smart travel project at Zayed international Airport Image Abu Dhabi Airports

Abu Dhabi launches biometric smart travel project at Zayed International Airport

The project is expected to enhance operational performance, reduce infrastructure costs, and effectively combat fraud and forgery in identification documents

G42 company Core42 unveils Compass 2.0_ Image for illustrative purposes_GettyImages

Core42, Qualcomm launch Compass 2.0 to advance AI solutions

The platform, which soft-launched in January, has successfully processed approximately 150 billion tokens since its inception

ADNOC L&S invests $1.9bn to expand shipping fleet

ADNOC L&S expands shipping fleet with 13 new vessels

AW Shipping, ADNOC L&S’s joint venture with Wanhua Chemical Group, awarded shipbuilding contracts to Jiangnan Shipyard in China

Abu Dhabi real estate market trends for H1 2024 according to Bayut's findings Image_Getty Images

Abu Dhabi property market soars in H1 2024, shows new report

According to Bayut’s report, Abu Dhabi real estate market demonstrated a strong performance in H1 2024, making it an attractive option for local and international investors

Masdar Raises USD1 Billion Through Second Green Bond to Fund New Global Renewables Projects

Masdar raises $1bn through second green bond issuance

Investor demand was strong, with the order book peaking at $4.6bn, representing an oversubscription rate of 4.6 times

rain seeding tech_UAEREP launches 5th grant cycle with US university MTU Getty Images/ For illustrative purposes

Cloud seeding tech: UAEREP’s 5th grant cycle project launches

The new grants cycle will focus on five key areas, including enhanced seeding materials and rain enhancement systems

Sanad Facility -Mubadala owned Sanad reports robust growth in H1 2024

Sanad growth soars in H1, expects revenue to hit Dhs4.5bn by year-end

Sanad projects a significant jump to Dhs4.5bn by year-end, reflecting a 28 per cent increase over 2023 and double the revenue of 2022

Abu Dhabi

5 reasons why Abu Dhabi and Dubai feature in world’s top smart cities index

The UAE capital climbed three places to secure 10th position, while Dubai also improved its standing, moving from 17th to 12th place among 142 cities worldwide

UAE-INDONESIA-TIES-WAM

UAE and Indonesia strengthen ties during high-level meet in Abu Dhabi

President Widodo was awarded the Order of Zayed, the UAE’s highest civilian honour, during a ceremony at Qasr Al Watan in Abu Dhabi

ADGM

Abu Dhabi’s ADGM announces major licence fee reduction for multiple sectors

The revised fee structure will apply to all categories of licences and will be effective from the start of next year

Abu Dhabi GDP

Abu Dhabi GDP growth hits 3.3% in first quarter of 2024

Non-oil activities now contribute 54.1 per cent to Abu Dhabi’s economy—the highest since 2015

ADNOC to start production at Ras Al Sadr gas field

ADNOC Gas awards $550m contracts to expand UAE gas infrastructure

The project will extend ADNOC Gas’ natural gas pipeline network in the UAE by about 300 kilometres

FAB refutes reports of $5bn Yes Bank stake as “unfounded”

‘Unfounded’: FAB dismisses reports of Yes Bank stake purchase

The UAE’s biggest lender by assets categorically denied that it is evaluating any possible offer for a stake in Yes Bank

Etihad Airways

Etihad transports 8.7 million passengers in H1 2024

Etihad had an operating fleet size of 92 aircraft in H1 2024 compared to 76 in the same period the previous year

ADGM unveils whistleblowing framework Image ADGM

ADGM’s new ‘whistleblowing’ framework to enhance market integrity

Entities within the centre are required to implement proportionate arrangements to support effective whistleblowing by May 31, 2025

Global energy firms take 40% stake in ADNOC LNG plant

ADNOC’s Ruwais LNG sells 40% stake to Shell, Total, BP, Mitsui

The state energy giant said it now has buyers lined up for 70 per cent of the plant’s 9.6 million-tonne annual production capacity

Ritz-Carlton Reserve to launch in UAE on Ramhan Island in 2029 Image: Supplied

First Ritz-Carlton Reserve in UAE to launch on this island

Ritz-Carlton Reserve currently includes only seven properties in destinations such as Saudi Arabia, Thailand, Indonesia, Puerto Rico and Mexico

Abu Dhabi: ADX lists Lunate's Chimera JP Global Sukuk ETF

Lunate’s Chimera J.P. Morgan Global Sukuk ETF lists on ADX

The ETF offers investors access to a diversified portfolio of Shariah-compliant corporate and government sukuks across several global markets

Lunate receives MoHRE, SCA initial nod to offer EoSB solutions

Lunate receives MoHRE, SCA initial nod to offer EoSB investment offerings

Lunate has become the first Abu Dhabi-based fund manager and administrator of the UAE’s voluntary alternative EoSB scheme through the newly licensed Lunate EoSB Fund