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PGIM opens Abu Dhabi office, joining money managers’ rush to UAE capital

PGIM opens Abu Dhabi office, joining money managers’ rush to UAE capital

The investment management firm said it has served clients in the Middle East for many years, but Abu Dhabi office would be its first in the region

How Abu Dhabi’s investment legacy is fostering economic development

How Abu Dhabi’s investment legacy is fostering economic development

The city benefits from a thriving, diversified economy, fueled by strategic vision, structural reforms and prudent economic policies

Abu Dhabi’s tech hub Hub71 attracts $130m in startup investment

Hub71 startups attract $130m in investment; here’s who made it to cohort 15

Cohort 15 startups will benefit from up to Dhs250,000 worth of in-kind incentives and Dhs250,000 in cash for equity through a SAFE note

Dubai - Sheikh Hamdan

Everything you need to know about Dubai’s population registry

The new registry aims to “centralise Dubai’s population data, ensuring accuracy, comprehensiveness and real-time updates”, as per Dubai Media Office

Etihad Airways reportedly plans to list in 2025

Abu Dhabi’s Etihad Airways plans IPO no earlier than 2025, report says

The airline had planned to go public this year, but it decided to wait until 2024 to showcase its strong financial performance

ENEC, India's NPCIL to explore civil nuclear energy collaboration

UAE’s ENEC, India’s NPCIL to explore civil nuclear energy collaboration

The MoU allows for future investment opportunities further reinforcing the special strategic relationship between the UAE and India

Rorix Holdings' Finstreet unveils regulated digital trading platform at ADGM

Rorix Holdings’ Finstreet unveils regulated digital trading platform at ADGM

Finstreet’s subsidiaries – Finstreet Global Market, Finstreet Global Clearing and Settlement, and Finstreet Capital – have received financial services permissions from ADGM’s FSRA

NMDC Energy’s shares surge above 20% on trading debut

NMDC Energy’s shares surge above 20% on trading debut

The construction and dredging services firm offered 1.15 billion shares in NMDC Energy, and the offering was 31.3 times oversubscribed

G42 unveils Hindi LLM ‘NANDA’ at UAE-India Business Forum

G42 unveils Hindi LLM ‘NANDA’ at UAE-India Business Forum

NANDA is a 13 billion-parametre model, trained on approximately 2.13 trillion tokens of language data, with a strong focus on Hindi

Oil prices surge after OPEC + extends output cuts

Oil hovers below $70 for second day

Oil benchmarks fell nearly $3 on Tuesday, with Brent hitting its lowest since December 2021 and WTI falling to a May 2023 trough

ADNOC Group to acquire Covestro for about $15.9bn: FT reports

ADNOC to acquire Covestro for about $15.9bn: FT reports

Covestro said in June it was stepping up talks with ADNOC after the UAE’s national energy company made an improved takeover bid

Joby Aviation applies for aircraft certification in the UAE

Flying taxi firm Joby applies for aircraft certification in the UAE

Joby’s S4 Aerial taxi can transport five people at speeds up to 322km per hour, completing the journey from Abu Dhabi to Dubai in just 30 minutes

Standard Chartered starts custody services for digital assets in the UAE

Standard Chartered starts custody services for digital assets in the UAE

Standard Chartered is among banks that have been extending their foray into the crypto sector as more institutional investors adopt the asset class

Hala Taxi bookings available thru whatsapp Image Hala Taxi

In Dubai, you can now book taxis via WhatsApp

This new feature aims to streamline the booking process by leveraging the widely used messaging app, enhancing accessibility for both residents and tourists

leadership - Middle East

5 key strategies for business success in the Middle East

Despite regional flux, up to 42 per cent of UAE-based regional CEOs expect double-digit growth in 2024 indicating a thriving business environment, as per an EMIR survey

Dubai Jumeirah beach, Dubai Marina

What to know before renting or buying in Dubai

When considering purchasing or renting a property in Dubai, prioritise locations that align with your lifestyle and future goals

Dubai, Abu Dhabi rankings rise global real estate transparency index: JLL

Dubai, Abu Dhabi rise in global real estate transparency index

Dubai and Abu Dhabi have continued to enhance their data and service offerings through the REST and DARI platforms

ADNOC signs multi-year LNG supply agreement with IndianOil

ADNOC signs multi-year LNG supply agreement with IndianOil

The LNG will primarily come from the state-owned energy firm’s lower-carbon Ruwais LNG project

ADQ

ADQ establishes Q Mobility as part of transport portfolio

The company is integrated into ADQ’s wider transport and logistics portfolio, which includes Abu Dhabi Airports, AD Ports Group, Etihad Airways, and Etihad Rail

Dubai unveils Dhs4.5bn Dubai National University to boost higher education

Dubai unveils Dhs4.5bn national university to boost higher education

The university’s vision aligns with the emirate’s goal of fostering a knowledge-based economy, providing students with skills to meet the demands of the global workforce

DIFC launches funds centre Image-Dubai-Media-Office-DIFC

DIFC launches new funds centre, reports rise in firms

The centre has launched a first-of-its-kind DIFC Funds Centre to support hedge fund spinouts, fund platforms as well as boutique wealth and asset management firms

M42 to manage, operate Zayed Military Hospital in Sharjah

M42 to manage, operate Zayed Military Hospital in Sharjah

M42 is set to officially commence full-scale operations at the military hospital in early 2025

UAE successfully conducts first-ever HAPS flights

UAE successfully conducts first-ever HAPS flights

HAPS technology, recognised by the World Economic Forum as one of the top ten emerging technologies, offers a sustainable solution for continuous Earth surface monitoring

UAE’s economy grew 3.4% in first quarter of 2024

UAE’s economy grew 3.4% in first quarter of 2024

The financial and insurance sector, trade activities and manufacturing were among the biggest contributors to non-oil GDP

Carrefour forays into India in partnership with Apparel

Carrefour teams up with Dubai’s Apparel Group to expand into India

The partnership will be aimed at North India initially, with further expansion planned across the country

Tourism’s share to UAE GDP seen at Dhs450bn by 2031

Tourism’s share of UAE GDP to hit Dhs450bn by 2031

The sector’s contribution to the economy rose by 11.7 per cent to Dhs220bn last year and is forecasted to rise to 12 per cent or Dhs236bn in 2024

UAE President host Egyptian Minister Dr Badr Abdel Ati, Egypt's Minister of Foreign Affairs and Migration Image WAM

UAE, Egypt discuss strategic cooperation during high-level meet

The discussion focused on enhancing bilateral cooperation across economic, developmental and political spheres

Hisham Farouk, CEO, Grant Thornton UAE

Grant Thornton’s Hisham Farouk on trade, sustainable finance and ESG

The UAE division’s CEO discusses the firm’s strategies for bolstering cross-border business and the importance of sustainable finance, ESG and digital transformation

Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, Crown prince of abu Dhabi arrives in New Delhi Image WAM

Abu Dhabi Crown Prince arrives in India on state visit

The Crown Prince is accompanied by a high-level delegation including ministers, senior officials and business leaders

ADQ to manage Abu Dhabi's DARB, Mawaqif toll systems

ADQ to manage Abu Dhabi’s DARB, Mawaqif systems

This move is part of the holding company’s broader strategy to develop cluster ecosystems and foster long-term value creation