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UAE President receives Singapore PM Image WAM

UAE President receives Prime Minister of Singapore in Abu Dhabi

The Singaporean Prime Minister also met Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance

FAB’s Q3 2023 profit surges by 48% on revenue boost

FAB’s Q3 2023 profit surges by 48% on revenue boost

The banking group’s operating income reached Dhs7bn in Q3 2023, a 27 per cent YoY increase compared to Dhs5.5bn in the third quarter of 2022

Abu Dhabi’s G42, OpenAI partner Middle East AI push

GITEX GLOBAL 2023: G42, OpenAI partner to advance AI in Middle East

The partnership will focus on delivering OpenAI’s generative AI models across sectors spanning financial services to energy and healthcare

ADIO, Abu Dhabi Aviation partner to promote eVTOL aircraft

Air taxis in Abu Dhabi: ADIO, ADA partner to promote eVTOL aircraft

The two entities will collaborate with local and international partners to tap into synergies and shared technologies.

World Investment Forum 2023 begins in Abu Dhabi Image Supplied

Global leaders gather for World Investment Forum 2023 in Abu Dhabi

UN Secretary-General António Guterres, in a statement, urged forum participants to put the SDGs Stimulus Package into effect

Abu Dhabi terminal A

Abu Dhabi’s Terminal A to open on Nov 1: Airlines to transition in 3 phases, see details

When fully operational, Terminal A will be a shopper’s paradise covering 35,000m2 with 163 retail concessionaires and food and beverage outlets

Hub71 enahnces incentive programme to drive startup growth in Abu Dhabi Image Supplied

Hub71 revamps incentive programme, strengthens support for startups in Abu Dhabi

Startups can receive Dhs250,000 worth of in-kind incentives and an initial Dhs250,000 cash incentive for equity, with certain startups eligible to receive a top-up of up to Dhs250,000

Etihad takes possession of Boeing 787-10 Dreamliner (Image: Supplied by Etihad)

Etihad takes possession of Boeing 787-10 Dreamliner

Three more 787 Dreamliners are scheduled to be delivered to the carrier this year

Phoenix Group gears up for Abu Dhabi IPO

UAE’s Phoenix Group gears up for IPO in Abu Dhabi

Founded in 2017, the company is set to be the first privately owned crypto and blockchain entity to be listed on a Middle East stock market

Abu Dhabi launches SAVI at Masdar City Image Abu Dhabi Media Office

Abu Dhabi launches Smart and Autonomous Vehicles Industries (SAVI) cluster

Located in Masdar City, SAVI will build on Abu Dhabi’s industrial base and access to established air corridors, road infrastructure and global network of partners

UAE-US trade talks

UAE-US trade talks: President Sheikh Mohamed bin Zayed meets US Secretary of Commerce

The two sides discussed non-oil trade opportunities and discussed ways for the two nations to strengthen their bilateral relationship

Abu Dhabi launches trials for automated rapid transit project

Abu Dhabi launches trials for automated rapid transit project

The pilot phase includes 25 stations along routes extending for about 27 km, and runs from Al Reem Mall to Abu Dhabi Island

Abu Dhabi launches fundraising policy

Abu Dhabi’s Department of Community Development enacts fundraising policy

The policy regulates all fundraising activities including collecting, receiving, and presenting in-kind and cash donations in the city

Wizz Air Abu Dhabi (Image: Supplied by Wizz Air Abu Dhabi)

Wizz Air Abu Dhabi commences flights to Erbil

The twice-weekly services operate every Monday and Friday

ADIA optimistic on equities, private credit after turbulent 2022

Sovereign wealth fund ADIA optimistic on equities, private credit after turbulent 2022

The fund is looking at opportunities in the private credit market, as banks become more cautious about lending due to rising financing costs

ADNOC, Occidental to build DAC facility in UAE

ADNOC, Occidental to advance direct air capture project in UAE

The energy firm is testing the world’s first fully sequestered CO2 injection well in a carbonate saline aquifer in Abu Dhabi

IHC increases stake over 5% in Adani Enterprise Ltd Image IHC X

Abu Dhabi-based IHC increases stake in Adani Enterprises to above 5%

This development follows last week’s announcement by IHC that it had entered a definitive agreement to sell its stake in AGEL and ATL

AD Ports Group’s Noatum buys Sesé Auto Logistics

AD Ports Group’s Noatum acquires Sesé Auto Logistics

The deal implies an enterprise value to EBITDA ratio of around 3.5x based on the company’s last twelve months performance to August 2023

ADNOC Gas awards 615m contract for carbon capture projects

ADNOC awards Petrofac $615m carbon capture projects contract

The engineering, procurement and construction contract was awarded to Petrofac Emirates

Etihad begins flights to Osaka, Copenhagen and Dusseldorf (Image:Supplied by Etihad)

Etihad begins flights to Osaka, Copenhagen and Dusseldorf

The airline is also in the process of upgrading its frequencies to several other destinations

Abu Dhabi’s non-oil economy grew 12.3% in Q2 2023

Abu Dhabi’s non-oil economy grew 12.3% in Q2 2023

The financial sector grew nearly 30 per cent year-on-year, with the value-added by the industry surging more than Dhs18bn

Abu Dhabi to host ADIPEC 2023 from Oct 2-5 Image courtesy WAM

ADIPEC 2023: Biggest-ever edition opens in Abu Dhabi on Oct 2

ADIPEC 2023 is expected to attract more than 160,000 attendees from 164 countries

Edge Group acquires 50 per cent stake in SIATT Image Edge Group

UAE-based Edge Group acquires 50% stake in Brazil’s SIATT

SIATT specialises in the integration of systems with advanced technological content for defence and aerospace sectors

Abu Dhabi - speed limit

Prophet Muhammad’s Birthday holiday: free parking, toll announced in UAE

The transport regulator is offering free parking during the holiday from Friday until 7:59 a.m. on Saturday

DCT Abu Dhabi, Mubadala to invest Dhs50m in cultural industry

DCT Abu Dhabi, Mubadala to invest Dhs50m in cultural industry

The collaboration presents an important commitment to fostering cultural programmes and initiatives

Alpha Dhabi wastewater treatment

Alpha Dhabi enters wastewater treatment industry with majority acquisition in Metito Holdings

Alpha Dhabi’s foray is aimed at driving impactful change in the circular economy sector and its broader vision of sustainable growth

Abu Dhabi to debut inaugural Travel and Tourism Week

Abu Dhabi’s debut Travel & Tourism Week set to drive growth

The platform is set to further enhance the city’s business and leisure tourism industries while advancing economic growth

ADCCI partners with three local banks

These 3 Abu Dhabi banks have partnered with ADCCI

The partnerships seek to introduce members and investors to a range of services, promotional packages, and financing assistance programmes

UNION FORTRESS 9

Abu Dhabi: Be prepared for loud noise as armed forces practice for ‘Union Fortress 9’

The Ministry announced that the invitation to attend the military parade is open to the public

ADIB redeems sukuk worth $750m

ADIB redeems sukuk worth $750m

The trading of the certificates on the Irish Stock Exchange was cancelled upon redemption of the certificates