#Abu Dhabi

Agthia Ventures launched Image Agthia Group

Abu Dhabi-based Agthia Group launches $54m CVC fund

The fund is stage-agnostic and will invest primarily in companies with clear product-market fit that are demonstrating revenue growth

EWEC secures four bids for 1,500MW Al Ajban solar project

UAE’s EWEC secures four bids for 1,500MW Al Ajban solar park

The solar farm will generate enough electricity to power approximately 160,000 homes across the UAE

Abu Dhabi Grand Prix

2024 Abu Dhabi Grand Prix dates revealed

The official announcement from Formula One Management confirmed that the Abu Dhabi track will host the final race of the season

Abu Dhabi’s ADQ, Canada’s BMO to acquire minority stakes in Sagard

ADQ, Canada’s Bank of Montreal to acquire minority stakes in Sagard

The transaction is expected to close in the third quarter, subject to regulatory approvals

EDGE expands portfolio with acquisition of Oryxlabs

EDGE expands portfolio with acquisition of Oryxlabs

The acquisition is expected to elevate the defence group’s portfolio of advanced technology solutions

Wio Bank, ADX partner to enable instant, digital IPO subscriptions

Wio Bank, ADX partner to enable instant, digital IPO subscriptions

The bank allows its customers to digitally create an investor number on the Abu Dhabi bourse and apply for IPO subscriptions

Aldar, IHC, ADNEC merge property, facilities management

Aldar, IHC, ADNEC merge property, facilities mgmt assets

The merger adds considerable weight to Aldar Estates, taking its portfolio of residential units under management to approximately 135,000

AD Ports Group completes acquisition of Noatum

AD Ports Group completes acquisition of Spain’s Noatum

The landmark deal brings together two major industry players to form a global powerhouse in the trade and logistics industry

ADNOC awards Petrofac $700m contract for gas project

ADNOC awards $700m contract for gas compressor plant

The new gas compressor plant is expected to substantially increase ADNOC’s gas output from the Habshan Complex

UAE national banks provide $201bn in financing by April

UAE national banks provide $201bn in financing by April

The banks increased their credit balance by Dhs2.1bn or 0.3 per cent in April 2023, up from Dhs735.2bn a month earlier

Abu Dhabi, Dubai property market upbeat on both demand and supply side

Real estate Services Company Asteco’s CEO, HP Aengaar shares the highlights of Abu Dhabi and Dubai’s property market in the first quarter of the year and the outlook for demand and supply in the upcoming months

Guests Enjoying Eid Al Adha Fireworks Image DCT Abu Dhabi

Eid Al Adha 2023: Watch fireworks for free in Dubai, Abu Dhabi at these places

Eid Al Adha fireworks are being staged across Dubai and Abu Dhabi, with some locations featuring firework displays for up to five nights

bu Dhabi GDP growth in Q1 2023 GettyImages-1316754718

Abu Dhabi GDP shows 3.9% growth in Q1 2023: SCAD

According to SCAD estimates, Abu Dhabi’s non-oil GDP (at constant prices) surpassed the highest quarterly value of the past nine years, reaching Dhs146bn in Q1 2023

Tom Cruise jets into Abu Dhabi’s new Midfield Terminal

Tom Cruise flies into Abu Dhabi for Mission: Impossible 7 premiere

The star of the highly anticipated seventh instalment of the Mission: Impossible franchise arrived on the first flight into Abu Dhabi’s Midfield Terminal

AD Ports, Karachi Ports JV

UAE’s AD Ports signs 50-year concession deal with Karachi Port Trust

The expansion and enhancement of Port of Karachi are expected to further cement its position as a key player in the maritime industry

15 cool startups joining hub71 in 2023 as part of its first cohort Image Hub71

These 15 innovative startups are set to join Abu Dhabi’s Hub71 this year

The startups, part of Hub71’s first cohort of the year, originate from the UAE, US, New Zealand, Egypt, the Netherlands and the UK

Partial road closure announced from June 24 to 26 on this road Image Getty Images

Abu Dhabi: Partial road closure announced on this road from June 24-26

The Integrated Transport Centre also announced the opening of new signalled intersection on Shakhbout Bin Sultan Street – Al Ain

Nio

Abu Dhabi to take 7% stake in Chinese electric vehicle maker Nio

CYVN Holdings, an investment entity controlled by Abu Dhabi, agreed to buy about 85 million newly issued Class A shares for $738.5m in cash, or $8.72 apiece

Republic of the Congo

AD Ports Group to develop Republic of the Congo multipurpose terminal in 30-year agreement

AD Ports will hold exclusive rights to invest in and oversee the development, operation, management and maintenance of the New East Mole Port

Arab Yout survey 2023

Sheikh Mohammed hails UAE ranking as most desirable country to live in for 12th consecutive year

The results of the survey comprise responses from 3,600 young Arabs living in 53 cities across 18 different countries

Etihad Airways

Etihad Airways launches direct flights from Abu Dhabi to Lisbon

The new service will be operated using a Boeing 787-9 Dreamliner aircraft, offering 28 seats in Business and 262 seats in Economy

Princeton Digital Group

Princeton Digital Group, Tata Power join forces for renewable energy supply to Indian data centre

The partnership aims to provide eco-friendly electricity to PDG’s data centre in Mumbai for a period of 25 years

G42 Healthcare M42 Proteomics site Image credit G42 Healthcare

G42 Healthcare offers first certified proteomics site in EMEA region

The certification equips G42 Healthcare to support and drive clinical decisions as well as future development of tests using genomic, proteomic and clinical characteristics

Valeo and ADDED mobility deal

ADDED inks deal with Valeo to boost Abu Dhabi’s automotive sector

The deal is expected to enhance smart and sustainable mobility in Abu Dhabi, and contribute to the development of the city’s transport sector

Viola

G42 and Viola launch new platform to attract global tech talent

Global Valley, a talent-as-a-service platform aims to meet the ongoing worldwide demand for top tech talent

Rome (Image: Supplied by Etihad Airways)

Etihad to increase frequency of flights to Rome

The airline will raise the number of weekly services it operates between Abu Dhabi and the Italian capital from seven to 11

Modon Properties Al Hudayriyat Island image credit Modon Properties

Abu Dhabi unveils masterplan for Al Hudayriyat Island project

Over the next 18 months, Modon Properties will be focusing on the construction of enabling infrastructure for Phase 1 in line with the project’s approved plan

Abu Dhabi gaining appeal among global HNWIs GettyImages-665435021

Abu Dhabi real estate gaining popularity among global HNWIs: Knight Frank

According to Knight Frank’s survey, 45 per cent of global HNWIs indicated that the emirate’s development plans enhanced its appeal as an investment destination

UAE carbon alliance launches Image Credit Getty Images

UAE Carbon Alliance launches; founding members include FAB, TAQA, ACX, Masdar

The alliance aims to establish national cooperation in decarbonisation efforts, develop frameworks for carbon financing and increase knowledge of the carbon market

unit-4-of-barakah-nuclear-energy-plant Image ENEC

Unit 4 of UAE’s Barakah nuclear plant begins ops readiness prep

Barakah’s three commercially operating units are already generating more than 30TWh of zero-emission electricity all year round