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
Etihad had an operating fleet size of 92 aircraft in H1 2024 compared to 76 in the same period the previous year
Entities within the centre are required to implement proportionate arrangements to support effective whistleblowing by May 31, 2025
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 currently includes only seven properties in destinations such as Saudi Arabia, Thailand, Indonesia, Puerto Rico and Mexico
The ETF offers investors access to a diversified portfolio of Shariah-compliant corporate and government sukuks across several global markets
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
The companies are expected to get the offtake at a lower price compared to the market, but with less flexibility, Reuters reported
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
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
The credit facility is part of JBIC’s GREEN lending programme and is partially supported by Japanese commercial banks
The launch of four subsidiaries follows the group’s acquisition of e-waste innovator Enviroserve in May