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Bausch Health to sell Amoun unit to ADQ for $740m

ADQ is now Abu Dhabi’s third-largest sovereign wealth fund

Mubadala seizes on 144% stock rally to sell stake in Aldar Properties

Mubadala sold a 12 per cent stake in Aldar to Alpha Dhabi Holding

Primed for growth: Abu Dhabi’s Yas Holding CEO on expanding during the crisis and plans ahead

As Yas Holding rapidly grows its portfolio, group CEO Murshed Al Redaini reveals how the company has tackled the Covid crisis and its ambitious plans for the future

Middle East’s first location-based AR game launched in Abu Dhabi

Arabian Nights: Genie’s Treasures launch supported by twofour5’s AD Gaming

Injazat, Lamprell announce joint venture for digital energy solutions

JV launches with initial funding of $7m split equally between the partners

Adam Boukadida, Etihad CFO

Exclusive: Etihad’s CFO on restructuring, recovery from Covid crisis

Adam Boukadida is hopeful that air travel will pick up towards the end of 2021

Aldar Yas Mall Abu Dhabi

Aldar unveils Dhs500m Yas Mall redevelopment plan in Abu Dhabi

The redevelopment will add a total of 15,000 sqm of office space to Yas Mall

Abu Dhabi makes bid to create new global oil benchmark

ADNOC began trading Murban futures on an Abu Dhabi exchange on Monday

UAE covid-19 vaccine manufacturing sinopharm

UAE to begin manufacturing ‘Hayat-Vax’ Covid-19 vaccine

The ‘Life Sciences and Vaccine Manufacturing in the UAE’ is a joint project by the Abu Dhabi-based Group 42 and China’s Sinopharm CNBG

UAE fuel prices

UAE hikes fuel prices for April 2021

It is the second straight month that prices have risen in the UAE

Ion Electric charging station Abu Dhabi

Abu Dhabi gets UAE’s first ultra-fast electric vehicle charging stations

The charging stations on Yas Island have a total capacity of up to 350KW, with charging times 25 times faster than traditional chargers

Covid-19 PCR test

Covid-19 PCR tests to now cost Dhs65 in Abu Dhabi

The same tests would previously cost Dhs85 in the capital emirate

Abu Dhabi Commercial Bank recommends Dhs1.878bn in cash dividends for 2020

The dividend payout equals to 49 per cent of the lender’s net profit for 2020

Abu Dhabi’s Mubadala to invest £800m in UK life sciences sector

Joint investment programme with UK govt to devote £1bn to the sector

Abu Dhabi’s Technology Innovation Institute to build UAE’s first quantum computer

TII’s Quantum Research Centre will use the same technology that Google and IBM use to build their quantum computers

Abu Dhabi private equity firm buys two US healthtech companies

Besides health care, Gulf Capital focuses on sectors such as technology and payments, business services and sustainability

Telegram Messaging App

Mubadala, Abu Dhabi Catalyst Partners invest $150m in messenging app Telegram

Telegram, with its global headquarters located in the UAE, has over 500 million monthly active users

Abu Dhabi

Abu Dhabi’s Mubadala signs MoU with Snam to explore hydrogen-focused projects

The two entities will carry out technical and economic feasibility studies to explore potential projects promoting hydrogen development in the UAE and elsewhere

Abu Dhabi updates green list of destinations which do not require quarantine

Kazakhstan, which was added in the previous update, has now been removed from the list

UAE retail forecast

UAE retail sales forecast to reach $58bn in 2021

During 2021, Dubai and Abu Dhabi are expected to see 761,000 sqm and 293,000 sqm respectively of retail gross leasable area added to the market

Abu Dhabi utility Taqa to weigh sale of oil and gas assets

Taqa built its oil and gas unit mostly through acquisitions

AD Gaming formed to further gaming sector in Abu Dhabi

Global video game industry predicted to hit $300bn by 2026

Abu Dhabi court fines four people, jewellery firm Dhs90m for money laundering, fraud

Each of the four defendants has been handed a five-year imprisonment term followed by deportation and a fine of Dhs10m

ADNOC Distribution

UAE’s ADNOC Distribution changes share dividend policy

It confirmed a minimum Dhs2.57bn dividend for 2022

Ramadan 2021 UAE

New Covid-19 rules announced for Ramadan 2021 in UAE

Officials advised that only members of a family living in the same household should share meals

Tadweer Abu Dhabi

Tadweer recycled 1.9 million tons of construction waste in Abu Dhabi last year

The Abu Dhabi Executive Council has mandated that at least 40 per cent of recycled materials be used in road and construction projects across the emirate

Aldar offers to buy stake in Egypt’s Sodic; shares climb

The offer values the Egyptian property developer at about $420m

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi to launch new flights to central Asian country

Flights to the two cities in Kazakhstan are expected to commence from May 2021

Israel UAE Travel Corridor

UAE, Israel consider quarantine-free travel corridor for fully vaccinated individuals

The two countries are expected to reach an agreement by next month

Abu Dhabi

Abu Dhabi issues new rules for Covid-19 testing and quarantine of government employees

No exemptions from Covid-19 PCR tests for employees working out of their offices even if they have been vaccinated