#News

ADQ and ADNEC Group to acquire stake in Egyptian hotel company GettyImages-520265584-e1703142282632

UAE’s ADQ, ADNEC Group to acquire 40.5% stake in Egyptian hospitality company

ADQ and ADNEC will invest in the company through a special purpose vehicle, with 49 per cent equity ownership by ADQ and 51 per cent equity ownership by ADNEC

FAB issues $800m sukuk, marks first for the year globally

UAE: FAB issues 5-year $800m sukuk, marks first for the year globally

The order book for First Abu Dhabi Bank’s sukuk, which was 1.9 times oversubscribed, represented leading investors, including international fund managers, banks and supranationals

PIF-backed ROSHN partners with EVIQ to power EV adoption in Saudi Arabia Image courtesy Getty Images

PIF-backed ROSHN, EVIQ to power EV adoption in Saudi Arabia

The collaboration between ROSHN and EVIQ will also see the launch of the kingdom’s first fast-charging public site launch at ROSHN Front in Riyadh

Some roads in Dubai will have new names here's why

You will soon be able to suggest new names for Dubai roads, here’s how

Steps to engage and involve community members and accept proposals from them for new road names will start in the upcoming phases of the initiative

Sharjah SEC approves transports service between Sharjah and Oman image courtesy Sharjah Tourism

Bus service between Sharjah and Oman to commence soon

Daily trips will be operated from Al Jubail Station in Sharjah to Al Azaiba Bus Station in Muscat and vice versa

e& enterprise signs partnership with fils image e&

Dubai: e& enterprise partners with Fils to introduce carbon offsets

This initiative aligns with e& enterprise’s commitment to promoting green business models

Saudi Exchange Tadawul launches new index to track top 50 listed companies Image tadawul

Saudi Exchange launches TASI50 Index to track top listed firms

The launch of the real-time index advances the Saudi Exchange’s goal to provide investors with enhanced benchmark opportunities to help support Saudi Vision 2030’s Financial Sector Development Program

Saudi Arabia's first opera house is being built in Diriyah

Saudi Arabia’s first opera house is being built here

Designed by the world-renowned architectural firm Snøhetta, the Royal Diriyah Opera House will be built in the heart of Diriyah

ADNOC

ADNOC to buy OCI stake in Fertiglobe for $3.62bn

ADNOC will become the majority shareholder in Fertiglobe, increasing its shareholding to 86.2 per cent, with 13.8 per cent remaining in free float on ADX

Eugene Willemsen, CEO Africa, Middle East & South Asia, PepsiCo_Dr. Bob Maughon, Chief Sustainability & Technology Officer, SABIC_Roland Daher, CEO, Astrolabs launch Mega Green Accelerator

Mega Green MENA Accelerator unveiled by PepsiCo, SABIC, AstroLabs

The new initiative aims to nurture the next generation of entrepreneurs in the region to develop solutions to regional and global sustainability challenges

Air Arabia Abu Dhabi launches flights to colombo

Air Arabia Abu Dhabi commences direct flights to Colombo

The airline will connect the UAE’s capital to Colombo with three flights a week on Wednesday, Friday, and Sunday

DSF begins on December 8 in Dubai Image DFRE

Dubai Shopping Festival begins: Deals, discounts, fireworks, prizes on offer

Starting on December 8, the Dubai Shopping Festival will run until January 14

Voluntary recycling credits initiative launched image supplied

COP28: Voluntary recycling credits initiative launched, first global standard to incentivise recycling

The proof of concept for the VRC Initiative has been successfully developed, with the first live transaction showcased at the UAE Pavilion, COP28, on December 4

Mashreq commits to facilitate Dhs110bn in sustainable finance by 2030

Mashreq to facilitate Dhs110bn in sustainable finance by 2030

The bank’s commitment to sustainable finance is part of its Climb2Change global initiative

Cop28 Saudi Arabia clean energy focus Saudi Green Initiative Forum

Saudi Arabia sees 300% rise in installed renewables capacity

The Saudi Green Initiative aims to improve the quality of life and protect future generations by increasing reliance on clean energy

UAE unveils World Fire Emission Reduction Alliance Image Dubai Media Office

UAE unveils World Fire Emission Reduction Alliance at COP28

The signatories collectively represent over 56 countries globally, establishing a wide-ranging global alliance dedicated to reinforcing security, disaster prevention

Dubai Calendar events in December 2023 -Winter Garden at Habtoor Palace Dubai until 31 January

Dubai Calendar: Here’s a lineup of sport, festive, music, NYE events in Dec 2023

Dubai Calendar has revealed an exciting array of events in December, including DSF, Sole DXB, Winter Garden and other events

UAE finance sector to mobilise Dhs1tn in sustainable finance image UBF X

COP28: UAE financial sector commits to mobilising Dhs1tn in sustainable finance

In addition to the commitment, the CBUAE highlighted the solutions of the COP28 UAE TechSprint – a global initiative launched by the central bank

KIng Charles visits heriott watt university Image supplied

British monarch King Charles III visits Heriot-Watt University Dubai

The King, accompanied by British Foreign Secretary Lord David Cameron, visited the Heriot-Watt Climate Hub

Dubai announces free parking and new bus and metro timings for 52nd Union Day Image RTA

Dubai announces free parking, new metro, bus timing for 52nd Union Day

RTA has introduced free public parking during the Union Day holiday, except for the multi-level parking terminals, from December 2-4

UAE visa amnesty scheme

UAE marks Commemoration Day on November 30, honours martyrs

The UAE has a comprehensive strategy focused on supporting families of the martyrs, including housing programmes, healthcare and educational support

Saudi wins bid to host World expo 2030 GettyImages-1169219013

Saudi Arabia wins bid to host World Expo in 2030

The kingdom will host the global event from October 2030 until March 2031

Dubai RTA and Careem school rides service sees great demand Image Dubai Media Office

Dubai: School Rides service by Careem, RTA sees rising demand

The cost of the trip is 34.5 per cent less than the cost of the regular limousine services offered by Careem

Dubai Future Forum begins on Nov 27 GettyImages-1233733212

World’s largest gathering of futurists convene in Dubai on Nov 27

Dubai Future Forum will convene 2,500 experts and 150 speakers, hailing from more than 100 countries

SEVEN Abha unveiled in Aseer Image supplied

Saudi’s SEVEN unveils SAR1.3bn entertainment destination in Aseer

The entertainment destination is centrally located between the cities of Abha and Khamis Mushait, and will be developed with an investment of over SAR1.3bn

16th edition of EMIRATES AIRLINE FESTIVAL OF LITERATURE to start on January 2024 Image Supplied

Emirates Airline Festival of Literature returns in Jan 2024

Tickets for the festival, along with the full speaker lineup and programme details, will be available for purchase starting December 14

DFM to launch carbon credits pilot programme at COP28 Image Dubai Media Office X

Dubai Financial Market to launch pilot carbon credits programme at COP28

DFM will commence the pilot programme for institutional investors starting from December 4-8, with the offsetting period ending on January 10, 2024

Air Arabia starts direct flights to Kozhikode from RAK

Air Arabia operates first direct flight from RAK to Kozhikode, Kerala

The airline operated its first non-stop flight from Ras Al Khaimah to Kozhikode in the state of Kerala, India, on November 22

PIF-owned SRC successfully wraps up SAR3.5bn sukuk GettyImages

Saudi Real Estate Refinance Company wraps up SAR3.5bn sukuk issuance

The issuance was offered in five and seven-year dual tenors, marking the final two tranches under its SAR20bn government-guaranteed sukuk programme