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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

UAE visa amnesty MOHRE introduces news services to rectify status Image for illustrative purposes GettyImages

UAE visa amnesty: New services to help rectify status, fine exemption

MoHRE has made the services available through its website, mobile app, and business and domestic worker service centres

Dubai Mashreq Metro Station renamed to insurancemarket

Mashreq Metro Station gets new name; more details here

RTA will begin implementing the new name on both external and internal signage, including directional signs, smart systems, public transport apps, and onboard audio announcements

Wizz Air to launch launch long haul route from Abu Dhabi to Milan in 2025 Pic for illustrative purposes

Wizz Air launches first long-haul service from Abu Dhabi to Milan

Starting June 2, 2025, the daily direct flights will be operated by the airline’s new Airbus A321XLR aircraft, offering fares from as low as Dhs429

How AIX is scaling investment to new heights

Scaling new heights: How AIX is redefining global investment opportunities

From navigating market fluctuations to seizing new avenues for growth, AIX has demonstrated resilience and agility at every turn

Barakah Nuclear Plant Unit 4 begins commercial operations

Barakah Nuclear Plant’s Unit 4 begins commercial operations

The Barakah plant is generating a quarter of the UAE’s electricity needs, providing a stable pipeline of power for the next 60 years

Emirates Steel Arkan rebrands as EMSTEEL

Emirates Steel Arkan eyes global growth, rebrands as EMSTEEL

With shares of 11 per cent in Abu Dhabi’s manufacturing activity output and 60 per cent in the UAE’s steel market, EMSTEEL plays a key role in delivering the UAE’s industrial strategy

UAE's Rebound launches subscription-based recycling platform

UAE’s Rebound launches subscription-based recycling platform

Rebound’s platform expansion comes at a time when the UAE’s plastic recycling market alone is projected to reach 1.44 million tonnes by 2030

UAE, Jordan sign $2.3bn agreement to build railways

UAE, Jordan sign $2.3bn agreement to build railways

The rail projects, as well as other investment initiatives, are part of the $5.5bn investment projects package signed by the two countries last year

EtihadWE inaugurates four stations across emirates, invests Dhs422m

EtihadWE inaugurates four stations across emirates, invests Dhs442m

The substations are monitored remotely using advanced equipment, allowing for greater operational efficiency and reducing maintenance requirements

UAE unveils AML, CFT national strategy 2024-27 Image courtesy WAM

UAE approves new AML, CFT national strategy for 2024-27

The strategy, formulated around 11 strategic goals, introduces legislative and regulatory reforms to combat money laundering and terrorism financing