The holding firm’s financial position is backed by its total assets of Dhs362.9bn as of June 30
The new company will provide comprehensive services and advanced solutions designed to accelerate trade volumes, attract foreign investment, and promote economic partnerships
The NCM warned motorists and residents to exercise caution in areas seeing heavy rainfall
Hargreaves Lansdown said talks with the consortium “remain ongoing”
Developed through training on 370 billion tokens – 330 billion of which are Arabic – the new LLM represents the largest Arabic dataset ever used for an open-source foundational model
The NCM forecasts the eastern and southern regions of the country will experience some rain showers, due to a ‘Intertropical Convergence Zone’
The Emirates Park Zoo and Resort has evolved from being a modest petting zoo to being home to over 220 wildlife animals
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
The agreement covers the Rolls Royce Trent 700, International Aero Engines V2500-A5 and CFM LEAP-1A engine platforms
Mubadala and Trafigura are looking to sell the port terminal Porto Sudeste, in Rio de Janeiro state, say reports
Adani Energy, a power transmission and distribution company, raised funds through a Qualified Institutional Placement
Covestro said in June it was stepping up talks with ADNOC after the UAE’s national energy company made an improved takeover bid
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 will invest EUR817m in the transaction, which values the portfolio at EUR1.7bn, making it one of Spain’s largest renewable energy deals
The bank’s profit before tax grew by 15 per cent year-on-year to Dhs10bn
The proposed complex is projected to produce 1.6 million tonnes per annum of speciality polyolefins
The initiatives will focus on transforming data security in the quantum era, enhancing smart autonomous mobility, and advancing Agritech with robotic technologies
The project is expected to enhance operational performance, reduce infrastructure costs, and effectively combat fraud and forgery in identification documents
The platform, which soft-launched in January, has successfully processed approximately 150 billion tokens since its inception
AW Shipping, ADNOC L&S’s joint venture with Wanhua Chemical Group, awarded shipbuilding contracts to Jiangnan Shipyard in China
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
Investor demand was strong, with the order book peaking at $4.6bn, representing an oversubscription rate of 4.6 times
The new grants cycle will focus on five key areas, including enhanced seeding materials and rain enhancement systems
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
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
President Widodo was awarded the Order of Zayed, the UAE’s highest civilian honour, during a ceremony at Qasr Al Watan in Abu Dhabi
The revised fee structure will apply to all categories of licences and will be effective from the start of next year
Non-oil activities now contribute 54.1 per cent to Abu Dhabi’s economy—the highest since 2015
The project will extend ADNOC Gas’ natural gas pipeline network in the UAE by about 300 kilometres
The UAE’s biggest lender by assets categorically denied that it is evaluating any possible offer for a stake in Yes Bank