#Abu Dhabi

Mubadala

Mubadala, US-based Resilience to manufacture biopharma in UAE

As part of the agreement, Mubadala will construct the new facility, where Resilience will manufacture biopharmaceutical-related products

ADNOC

Abu Dhabi’s ADNOC sets up new gas processing, operations and marketing entity

ADNOC Gas will serve domestic and international customers with an expanding portfolio of gas products

ADIB increases ownership in ADIB Egypt

Abu Dhabi Islamic Bank raises stake in ADIB Egypt

The bank’s ownership in the Egyptian unit has risen to 52.607 per cent

ADNOC allocates 1$5M towards low carbon solutions

ADNOC earmarks $15bn for low-carbon solutions and decarbonisation tech

The company will launch projects involving carbon capture, electrification and new CO2 absorption technology, and also enhance investments in hydrogen and renewables 

UAE’s Alpha Dhabi, Mubadala to co-invest in global credit opportunities

The Abu Dhabi Global Market-based joint venture aims to collectively deploy up to Dhs9bn over the next five years

Flat6Labs, Wio Bank ink MoU to enhance SME-centric banking services in Abu Dhabi

In addition to banking services, Wio Bank will provide experts and mentors to support startups in Flat6Labs Ignite’s programme

AD Ports Group reports strong growth in 2022

AD Ports Group reports strong growth, global expansion in first year as publicly listed entity

Throughout 2022, AD Ports Group has continued to build its global presence, signing agreements with port authorities and partners globally

Ben Crompton is the managing partner of Crompton Partners

The outlook for Abu Dhabi’s real estate sector in 2023

Abu Dhabi can expect to see modest single-digit growth in property valuations and rents across most sectors

Modon Properties launches two waterfront destinations in Al Dhafra

Modon Properties unveils two integrated waterfront destinations in Al Dhafra

The two integrated waterfront destinations are adjacent to Modon’s eco-tourism campsite project, Bab Al Nojoum – Al Mugheirah Resort

green hydrogen masdar uniper

Masdar and Germany’s Uniper to build green hydrogen plant in UAE

The two companies will build a plant that will run on almost 1.3 gigawatts of solar power and is expected to produce hydrogen from 2026

G42

Abu Dhabi’s G42 Cloud and Dell Technologies sign MoU to accelerate digital transformation

The two companies will work together across various areas including private cloud solutions, as well as consulting, residency and managed services

UAE to host World Trade Organisation Ministerial Conference in 2024

UAE to host World Trade Organisation Ministerial Conference in 2024

The conference will be held in Abu Dhabi in the first quarter of 2024

KEZAD signs lease agreement with Star Paper Mill

Abu Dhabi’s KEZAD signs lease agreement with Star Paper Mill

The agreement is for the establishment of a new facility to manufacture recycled Kraft Paper Jumbo reels to serve a growing demand for biodegradable packaging papers

Abu Dhabi transfers Tadweer to ADQ portfolio

The transfer complements ADQ’s energy and utilities portfolio and its efforts in supporting the nation’s circular economy

Etihad appoints former TAP Air Portugal executive as CFO

Etihad appoints former TAP Air Portugal executive as CFO

Raffael Quintas will be succeeding Adam Boukadida, who has left Etihad after nine years to pursue a new role

Etihad to increase frequency on Abu Dhabi-New York route

Etihad to increase frequency on Abu Dhabi-New York route

The carrier will offer a total of 28 weekly services this summer between Abu Dhabi and the US

UAE trade agreements

UAE funds to buy $855m stake in Israeli financial firm

Phoenix Group is listed on the Tel Aviv stock exchange, with a market value of $2.85bn

Sudan

AD Ports Group, Invictus Consortium sign agreement with Sudan

The agreement provides consortium the right to develop, manage and operate port and economic zone assets in Sudan

Hub71

Abu Dhabi’s Hub71 startup community raises $1bn in venture capital

Nine startups had raised over $150m collectively at the time of joining Hub71 in 2022

Etihad Airways to deploy four A380s on Abu Dhabi-London route from 2023

The return of A380s will be supported by the addition of five A320 aircraft

Togo

Abu Dhabi Exports Office signs Dhs92m financing agreement with Togo

The cooperation seeks to increase Mohammed bin Zayed Solar Park’s production capacity in the country from 50 megawatts to 70 megawatts

Africa

AD Ports Group, Africa Finance Corporation ink deal

The two organisations aim on identifying, developing and investing in ports, warehouses, maritime and logistics infrastructure projects across Africa

Etihad Cargo introduces Shanghai-Chennai direct route

Etihad Cargo introduces Shanghai-Chennai direct route

From December 8, Etihad Cargo will offer twice weekly freighter service between Shanghai and Chennai

Abu Dhabi's ADNOC, Malaysia's Petronas sign unconventional oil concession agreement

Abu Dhabi’s ADNOC, Malaysia’s Petronas sign unconventional oil concession agreement

The award marks the first time a Malaysian company will explore for hydrocarbons in Abu Dhabi

UAE President issues order to give Dhs3bn in housing loans to Abu Dhabi citizens

UAE President orders disbursement of housing loans worth Dhs3bn to citizens in Abu Dhabi

The package will benefit 1,900 citizens in the emirate

SEHA to close some Covid-19 centres in Abu Dhabi, Al Ain, and northern regions

The Al Wathba, and Al Bahia Covid-19 drive-through services centres in Abu Dhabi will be closed

miral group ceo

Cover feature: How Miral is transforming Abu Dhabi with its grand vision

Mohamed Abdalla Al Zaabi, group CEO of Miral, the leisure, tourism and lifestyle brand, tells us how the company is realising Abu Dhabi’s ambitious economic, leisure and tourism strategy, one mega project at a time

ADGM FSRA

Abu Dhabi Global Market’s FSRA launches AI initiative on open regulation

The Open Regulation (OpenReg) initiative will be hosted at ADGM’s GitHub repository

Aldar and Nobu partner

Aldar, Nobu Hospitality to bring region’s first Nobu branded residences, hotel to Saadiyat Island

The agreement will see Aldar develop a five-star hotel, featuring 165 luxurious guest rooms and suites, including the rooftop Nobu Villa

Virtual assets Emmanuel Givanakis CEO of ADGM Financial Services Regulatory Authority

Insights: Decoding the virtual asset landscape

The establishment of digital asset and virtual asset regulatory frameworks has placed Abu Dhabi, on the map as a regional and global virtual assets trading centre