The joint venture will build on Modon’s development pipeline as well as sites currently owned by Candy
The CEO believes the future of the automotive industry depends on its ability to deliver cutting-edge mobility solutions through innovation, diversification, and technological adaptation
The indicative share price of Dhs0.91 and Dhs0.96 per share implies a market valuation of around $588m at the top of the range
The company has now secured a total of $1.85bn in green financing since 2023, supporting its ongoing decarbonisation efforts and expansion of its low-carbon energy portfolio
The initiative aims to build trust and accountability in ADQ’s AI implementations and drive transformation across its portfolio
The factories, spanning 220,000 square metres, will produce essential equipment and parts for the real estate sector
Family offices, in partnership with the public sector, will remain at the heart of the growth and transformation being seen in the emirate, as it continues to thrive across key industries and beyond
The company’s valuation has risen from $14bn in 2021 to $157bn as it grew revenue from zero to $3.6bn
The finance and insurance sector registered a record 13.4 per cent growth in Q2 2024, contributing 7.4 per cent to the GDP
The reopening of the Northern Runway will allow Zayed International Airport to more effectively manage increasing airline demand
The catering firm is offering 9 billion shares, representing 40 per cent of the company’s total issued share capital
The band has broken records at venues worldwide, praised for their high-energy performances and sustainability efforts
The company will look at potential new opportunities with current partners, such as Endesa and Iberdrola
The Onshore Block 2 concession in Al Dhafra covers an area of 7,320 square kilometres, with PETRONAS holding 100 per cent of the exploration rights
ADQ is fully owned by the Abu Dhabi government, which holds more than 90 per cent of the United Arab Emirates’ oil reserves
e& has secured “all regulatory approvals” and “closing of the deal remains subject to customary remaining closing terms”
The Abu Dhabi centre will collaborate with Microsoft’s global network of development centres to develop solutions in AI, cloud computing, and advanced cybersecurity
The New York-based private equity firm received preliminary approval for a license to operate out of the Abu Dhabi Global Market
The upgrade includes new features like the Compass Chat mobile app, which offers seamless AI access and enhanced productivity tools for businesses
The partnership aims to enhance transparency, efficiency and security within the commodities market, benefitting stakeholders across the globe
The new facilities will give the group the flexibility to time its return to the debt capital markets in line with its stated strategy to utilise bonds as the predominant long-term funding vehicle
The investment follows the US Federal Reserve’s first interest rate cut in four years, which is expected to boost companies with balance sheet concerns
The deal seeks to unlock greater value for both parties and boost Abu Dhabi’s global appeal
The infrastructure investments will be chiefly in the US and the remainder in its partner countries
The project will include the construction of a 9.5-kilometre gravity-driven wastewater pipeline and the decommissioning of several pumping stations
The first centre will develop and advance best practices and industry standards for the responsible use of AI in the Middle East and the Global South
Etihad’s operating fleet rose to 95 from 79 in the same period last year
The service is designed to connect passengers with a range of vehicles through the Yango mobile app, which offers real-time geolocation to facilitate faster ride bookings
The service can be scheduled from 24 hours to five hours before a flight’s departure
ADX stated that the decision has been taken in accordance with Article No (14) of the Securities and Commodities Authority (SCA) Board of Directors’ Decision No (2/R) of 2001