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ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.
  • Over 2,000 flights cancelled as Omicron hits holiday travel

    Estimates from the American Automobile Association revealed more than 109 million Americans were scheduled to travel by plane, train or...

    According to tracking website Flightaware.com at 1540 GMT on Friday, a total of 2,118 flights had been cancelled worldwide

    Pilots, flights attendants and other staff have been calling in sick or having to quarantine after exposure to Covid

  • Russia fines Google $98m

    The fine was for repeatedly failing to delete ‘illegal’ content.

    Russia has piled fines on the world's biggest internet platforms, accusing them of not moderating their content properly

    But so far fines on Facebook parent company Meta, Twitter, and Google have stretched into the tens of millions of rubles, not billions

  • Omicron cloud intensifies over Consumer Electronics Show

    Google, Lenovo, and Intel are the latest global tech companies to bow out of the January 2022 Consumer Electronics Show...

    The popular four-day conference, which had planned for a grand return, is still scheduled to start January 5

    But this week Facebook parent company Meta, Amazon, T-Mobile, and Twitter canceled their appearances

  • ADQ taps Etihad for services

    The terms of the transaction were not disclosed.

    As part of the transaction, several of Etihad airline-support businesses will become part of a new ADQ aviation firm

    The move is expected to support the ongoing transformation of Etihad and the growth of civil aviation in Abu Dhabi

  • Abu Dhabi Airport traffic likely to surge 400% over holiday season

    From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102...

    From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102 flights per day

    Passenger traffic (59,000 per day) and flight numbers (149 per day) still remain down from the same period in 2019

  • Iran accepts tea in payment for Sri Lankan $251 million oil debt

    Iran has agreed to accept Ceylon tea in payment for a Sri Lankan oil debt valued at $251 million, Iranian...

    In 2016, Ceylon tea made up nearly half of Iranian consumption, but the proportion has declined in recent years.

    The barter deal will allow sanctions-hit Iran to avoid having to use up scarce hard currency to pay for imports of the widely consumed staple.

  • UAE Innovates 2022 to launch on 1 Feb, will run alongside Expo

    The UAE Innovates 2022, which is aimed at cultivating a culture of innovation within the public sector and engaging the...

    Innovation Month 2022 will also include the launch of the second edition of the UAE Innovates Awards.

    Activities during the month will include new programs, specialized workshops, and interactive sessions.

  • Jordan and Saudi Arabia discuss ways to develop agriculture sector

    Jordan and Saudi Arabia have discussed the ways to increase the exchange of crops and foodstuffs between the two countries....

    Jordan's Minister of Agriculture Khaled Hneifat met a delegation of the Saudi Ministry of Agriculture, Environment and Water.

    The two sides held also discussed the most important export obstacles and some procedures on the two countries' borders.

  • AFZ registers 349 new companies in Q3 2021

    The results of the operational performance analysis also reflect the Free Zone’s distinct position in the emirate's export and re-export...

    In its report, AFZ said that education was the fastest-growing sector in the Free Zone with 34 percent growth, followed by advanced technology and health

    The Free Zone also recorded a 12 percent growth in the number of new companies registered in the food and beverage sector

  • Mubadala, G42 plan campus

    The biopharma campus is expected to be set up in Abu Dhabi.

    The biopharma campus is expected to tap into global vaccine and therapeutic products to strengthen regional supply chains

    It is also expected to drive the UAE’s diversification and economic-growth agenda