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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

Abu Dhabi-backed RedBird IMI withdraws from Telegraph deal

RedBird IMI said its focus was on securing the best price for the publications

ryan reynolds

Ryan Reynolds follows Jason Momoa as Yas Island’s new chief island officer

Reynolds, best known for his role as the irreverent Deadpool, will now be tasked with putting Yas Island on the map for an international audience

weather - rain

UAE weather alert: NCM warns of unstable weather conditions starting Wednesday

The NCEMA said it had held meetings with various departments to ensure preparedness for the oncoming unstable weather conditions

Archer, ADIO to accelerate air taxi operations in UAE

Air taxi maker Archer, ADIO to accelerate air taxi operations in UAE

Archer seeks to transform urban travel, replacing 60- to 90-minute commutes by car with estimated 10- to 20-minute electric air taxi flights

ADIO and Regent join hands to support development and manufacture of electric seagliders Image courtesy REGENT

DRIFTx: ADIO, Regent partner to develop electric seagliders for coastal transport

The seagliders will serve routes of up to 180 miles (300km) with existing battery technology and up to 500 miles (800 km) with next-gen batteries

UAE-WEATHER-rain

Weather forecast: More rain on the way for Abu Dhabi, Dubai says NCM

The NCM has forecast rain for Wednesday, May 1 and thunderstorms for Thursday, May 2

ADQ acquires key stake in Australia's Plenary Group

Abu Dhabi’s ADQ acquires key stake in Australia’s Plenary Group

Set up in 2004, Plenary has a portfolio of 21 assets under management valued at over $25bn across Australia and the Middle East

Etihad launches A380 service to New York

Etihad Airways debuts A380 service to New York

 The addition of the A380 service demonstrates Etihad’s strategy to meet the burgeoning demand and expand its network in the US

Abu Dhabi

Abu Dhabi returns to debt markets with $5bn bond sale

The emirate is rated “Aa2” by Moody’s and “AA” by both S&P and Fitch Ratings

ADNOC bumps up decarbonisation budget to $23bn

Mitsui says no decision yet on ADNOC LNG project tie-up after Nikkei report

ADNOC has eyed acquisitions of foreign companies in part to help boost its gas portfolio

G42

UAE’s G42 announces collaboration with global tech giant Qualcomm

G42 said it would be collaborating with Qualcomm Technologies to bring the high performance, low power Qualcomm Cloud AI 100 solutions to market

ADCB’s brand value soars to Dhs10.5bn in 2023

UAE bank ADCB’s brand value soars to Dhs10.5bn in 2023

The bank moved up four places to rank 109th in Brand Finance’s top 500 banking brands globally

British airways resumes service to Abu Dhabi after four years Image Supplied

British Airways resumes service to Abu Dhabi after four years

The new daily service caters to the growing demand for further flights connecting the global tourism and business hubs of London and Abu Dhabi

Abu Dhabi GDP

Abu Dhabi sees strong non-oil trade growth amid diversification push

The latest data from the statistics authority shows that non-oil foreign trade grew by more than Dhs281.9bn in 2023

ADIB, Mubadala deal

Shares in Bank Syariah Indonesia jump as ADIB denies buy-in talks

The Indonesian bank’s share price rose on Thursday in trade despite denials from ADIB that it is in talks to acquire a 15 per cent stake

weather-uae-rains

UAE: Unstable weather system ends but public sector workers to continue remote work

On Wednesday evening, the NCM announced the “end of weather fluctuations,” following the worst rainstorm in the country in over 75 years

TAQA confirms talks with Naturgy shareholders on takeover

UAE’s TAQA confirms talks with Naturgy shareholders on takeover

The Abu Dhabi-listed firm said there was no guarantee a deal would happen and, if it were to, under what terms

Alpha Dhabi to divest 49 per cent stake in construction subsidiary to ADQ Image-courtesy-WAM

Alpha Dhabi to divest 49% stake in construction firm to ADQ

The collaboration will enable the entities to tackle complex, large-scale projects with a keen focus on safety, quality, and timely delivery

Schools

UAE: Remote learning for schools extended for another two days

The extension of distance learning aims to ensure the safety and security of students and teaching staff

ADIB BANK

ADIB denies it’s in talks to buy $1.1bn stake in Indonesian bank

ADIB has denied that it’s in talks to buy a minority stake in Indonesia’s top Islamic lender

Dubai airport

Dubai Airports diverts inbound flights, RTA suspends intercity bus service

The airport urged passengers to check directly with their airlines for the latest flight information and advised allowing extra travel time to the airport

Abu Dhabi

Abu Dhabi’s TAQA ‘in takeover talks’ for Spanish energy firm Naturgy

Spanish newspaper Cinco Dias has reported that the Abu Dhabi energy company TAQA is involved in eyeing a potential deal

Microsoft Invests $1.5 Billion in Abu Dhabi’s G42 Image supplied

Microsoft invests $1.5bn in UAE’s G42 to power AI adoption

Both companies will support the establishment of a $1bn fund for developers to help drive innovation and competitiveness in the UAE and the broader region

Mubadala

Mubadala-backed Atvos to build $69m biomethane plant in Brazil

The biomethane plant is expected to have a 28-million cubic meter capacity per crop and will be Atvos’ first one based on sugar cane wastes

ICD BROOKFIELD PLACE

Olayan, Lunate acquire stake in ICD Brookfield Place

Lunate and Olayan Financing Company will each possess a 24.5 per cent equity interest in ICD Brookfield Place

Abu Dhabi approves first housing and benefits package of the year Image WAM

Abu Dhabi approves Dh2.18bn housing package for citizens

The package was approved under the directive of UAE President Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi

dubai fireworks

Eid al Fitr 2024 fireworks across UAE: Where to watch it in Dubai and Abu Dhabi

From Dubai’s Global Village to Yas Island in Abu Dhabi, fireworks will light up the night sky to mark Eid al Fitr 2024

Etihad Airways to fly to Al Qassim from June Image Etihad Airways

Etihad to debut flights to this new Saudi destination

In addition to the Al Qassim route, Etihad Airways will increase frequencies to various destinations, including Antalya and Jaipur, starting June 15

FAB issues $800m sukuk, marks first for the year globally

FAB exploring purchase of Turkey’s Yapi Kredi Bank: Reports

FAB has held early exploratory talks with owners of several Turkish banks

Traffic fine discount - Abu Dhabi - UAE

Abu Dhabi announces road closures, traffic rule change

Motorists should be aware of changes to traffic movement and road closures announced by Abu Dhabi’s transport regulatory authority