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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

ADNOC's Ruwais LNG to earmark 40% stake to four energy companies, say sources

ADNOC’s Ruwais LNG to earmark 40% stake to four energy companies, say sources

The companies are expected to get the offtake at a lower price compared to the market, but with less flexibility, Reuters reported

Abu Dhabi non-oil gdp grwos by 59 per cent over a 10-year period GettyImages-1146024499-1-e1704043948632

Abu Dhabi’s non-oil GDP sees 59% growth in 10 years

In the past decade, Abu Dhabi’s construction sector has grown by 22.6 per cent, finance and insurance by 39 per cent, and manufacturing sector by 102 per cent

Abu Dhabi’s ADQ lists debut $2.5bn on local bourse

Abu Dhabi’s ADQ lists debut $2.5bn bonds on local bourse

The fund sold a $1.25bn five-year portion at 80 basis points (bps) over US Treasuries and another $1.25bn 10-year tranche at 90 bps over the same benchmark

ADNOC, JBIC ink $3bn green financing agreement

ADNOC, JBIC ink $3bn green financing agreement

The credit facility is part of JBIC’s GREEN lending programme and is partially supported by Japanese commercial banks

Tadweer unveils subsidiaries to advance waste management

Tadweer Group launches subsidiaries to advance waste management

The launch of four subsidiaries follows the group’s acquisition of e-waste innovator Enviroserve in May

Abu Dhabi airports handle 22.4 million passengers in 2023

Abu Dhabi airports’ passenger traffic soars to 22.4 million in 2023

The number of annual arrivals through Abu Dhabi’s airports reached more than 11.1 million, while the number of departures stood at 11.3 million

ADIA HEADQUARTERS-ABU DHABI-MEDIA-OFFICE

ADIA subsidiary leads $120m investment in beauty platform Purplle 

ADIA’s leadership in the recent funding round for Purplle Group underscores the attractiveness of the Indian retail market

CEPSA - BIOMETHANE

Mubadala-backed Cepsa signs biofuels agreement with Lidl’s owner

The first biomethane plant will have a capacity of up to 100 GWh and will feed Cepsa’s planned green hydrogen and biofuels facilities

UAE’s ADNOC Drilling awarded $733m contract

ADNOC Drilling secures $733m contract for three island rigs

The design of the rig operating systems will leverage real-time condition, performance, and utilisation data to generate actionable insights

ADIB facilitates Dhs5.6bn in sustainable finance in 2023

UAE’s ADIB facilitated Dhs5.6bn in sustainable finance in 2023

The Islamic bank recently unveiled 2030 emissions reduction targets for six key portfolio sectors including home and auto finance

ADNOC L&S invests $2.5bn to expand LNG fleet

Abu Dhabi’s ADNOC L&S expands LNG carrier fleet with $2.5bn investment

The new vessels will increase the company’s fleet of LNG carriers from 14 to at least 22 vessels

PureHealth sales entire stake in stem cell business

PureHealth divests stem cell business to streamline operations

The sale will advance the healthcare firm’s focus on specialised services previously offered at Abu Dhabi Stem Cells Centre and Yas Clinic at Sheikh Shakbout Medical City

SpaceX to launch Yahsat Al Yah 4 and 5 satellites

SpaceX to launch Yahsat’s Al Yah 4 and 5 satellites

These satellites are expected to eventually replace the older Al Yah 1 and Al Yah 2, launched in 2011 and 2012, respectively

AXA IM Alts grows global presence with ADGM office

French investment firm AXA IM Alts expands global footprint with ADGM office

The Abu Dhabi office will be primarily focused on capital raising across AXA IM Alts’ private and alternative assets range

Influencer

What you need to know about Abu Dhabi’s social media influencer licence

The rules aim to ensure transparency and accountability in the fast-growing field of influencer marketing

Brookfield Solano County California

UAE’s Masdar bids for Brookfield’s Spanish renewables unit: Reports

Brookfield bought the company from Spanish construction group ACS for EUR1bn in 2018

Abu Dhabi luxury developments

Abu Dhabi’s luxury real estate boom: 9 projects to watch

The emirate’s luxury real estate market is on an upswing with a wave of high-end developments set to redefine city living

SingAuto

SingAuto rolls into UAE with self-driving trucks and EV District in Abu Dhabi

SingAuto’s initiative to build the world’s largest commercial EV industrial district marks a significant step towards a sustainable, innovative, and efficient logistics landscape for the region

stock markets

Subscriptions open for Chimera JP Morgan Global Sukuk ETF: How to invest

Investors can subscribe to the ETF units, during the offering period, which runs until July 2

Abu Dhabi launches first-of-its-kind Family Business Index

Abu Dhabi launches first-of-its-kind Family Business Index

The index will provide a deeper understanding of the role and impact of family businesses on the economy and society

ADNOC

ADNOC’s expansion into Europe: 7 landmark deals diversifying its energy operations

ADNOC is striking strategic deals across Europe, as it seeks to diversify, its upstream and downstream operations

ADNOC revives bid to buy Germany’s Covestro, this time with $12bn offer

ADNOC’s initial informal offer to Covestro was reported in June 2023, but it wasn’t until September last year that the German company entered into open-ended formal discussions

RedBird - A logo of The Daily Telegraph newspaper on a newsstand in London, UK, on Tuesday, March 12, 2024. Rupert Murdoch’s News Corp. and the publisher of the UK’s Daily Mail tabloid are weighing an offer for the company that owns the Telegraph newspaper and Spectator magazine, alongside United Arab Emirates-backed investment fund RedBird IMI, people familiar with the matter said. Photographer: Jose Sarmento Matos/Bloomberg

RedBird IMI opens bids for its sale of UK’s Telegraph newspaper

RedBird IMI’s sale of the titles is expected to conclude later this year

MUBADALA partners with SAILGP

Sailing-Brazil joins SailGP with backing from Abu Dhabi’s Mubadala

Brazil will start racing from the beginning of SailGP’s fifth season, which is due to begin in November