Contract worth $2.6bn with ADNOC Offshore part of the launch.

Abu Dhabi, UAE--The UAE government has endorsed 24 national initiatives to double the country’s re-export industry by 100 per cent over the next seven years.The measures were approved during a cabinet meeting chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of...

The bank cited the real estate and construction sectors as key drivers, as well as a dynamic manufacturing sector, like refineries and aluminum production.

Abu Dhabi, UAE - The Technology Innovation Institute (TII) said Monday its AI and Digital Science Research Center (AIDRC) has partnered with the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) to accelerate the emirate's goal of becoming a smart and sustainable city by 2030 by enhancing its capabilities in AI...

ABU DHABI, UAE - Abu Dhabi Securities Exchange (ADX) has appointed Emirates NBD Capital as a custodian.Emirates NBD Capital obtained its custody licence from the UAE Securities and Commodities Authority (SCA).Emirates NBD Capital is the global investment banking arm of Emirates NBD, a leading banking group in the MENAT (Middle...

Abu Dhabi, UAE--ADQ has launched a vertical farming project in partnership with ZERO, a technology company based in Italy.Dubbed as the ZERO project, it is the first of several controlled environment agricultural concepts that will be housed in the AgTech Park and will aim to enhance indoor farming locally, as...

The central banks of Saudi Arabia, Bahrain and Qatar raised their benchmark borrowing rates after the US Federal Reserve raised its key interest rate by 25 basis points last night.

The venture is an extension of Ares’ credit and secondaries platforms, which respectively had approximately $214 billion and $22 billion of assets under management as of 31 Dec 2022. "By leveraging Ares’ track record and Mubadala’s global footprint, the joint venture will benefit from access to a broader network, differentiated...

There is a need for more regulations in the cryptocurrency industry to prevent immoral and aberrant behavior, says Anthony Scaramucci, former White House Communications head.

SHARJAH, UAE - Sharjah Electricity, Water and Gas Authority (SEWA) participated in a discussion on modern and innovative technologies in water desalination and their contribution to achieving sustainability.The discussion was a part of the Water Desalination Projects Forum in the Middle East and North Africa, held in Abu Dhabi. Essam...

Dubai, UAE -- AD Ports Group said Sunday it has signed a concession agreement to develop and operate a multi-purpose port in Safaga in Egypt besides two 15-year agreements, an MoU and three Head of Terms with Egyptian authorities for multi-purpose, RoRo and cruise terminals, as well as logistics services...

Abu Dhabi, UAE – The UAE banks provided AED 83.3 billion ($23 billion)  in financial facilities to small and medium-sized enterprises in 2022, according to the latest data released by the Central Bank of the UAE (CBUAE).Loans to SMEs accounted for 10.4 percent of the total accumulated balance of financial...

TOKYO, JAPAN - The ninth session of the Abu Dhabi-Japan Economic Council (ADJEC) here has reaffirmed its commitment to further enhance partnerships and benefits from investments opportunities.Chairman of Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi and President of Japan Cooperation Center for the Middle East (JCCME)...

The UAE and Georgia signed a joint statement confirming the successful conclusion of negotiations towards the UAE-Georgia Comprehensive Economic Partnership Agreement (CEPA). UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi and Vice Prime Minister and Minister of Economy and Sustainable Development of Georgia Levan Davitashvili...

Abu Dhabi, UAE -- The United Arab Emirates capital, Abu Dhabi, will host the world's largest autonomous racing league, with the first race scheduled to take place in the last quarter of 2024.ASPIRE, the Technology Transition Arm of Abu Dhabi’s Advanced Technology Research Council (ATRC), announced the launch of Abu...

ABU DHABI, UAE - Bharat Dynamics Limited (BDL), a Defense Public Sector Undertaking under India's Ministry of Defense appointed EDGE's GradeOne as an official channel partner.The handing over of the Authorization Letter occurred during the International Defense Exhibition (IDEX) held in Abu Dhabi from February 20-24.Khalifa Al Ali, Managing Director...

Dubai, UAE--The Indonesian Investment Forum kicked off in Dubai to lure businesses and investments.The two-day event aimed to explore opportunities to attract foreign direct investment and expand markets for export-oriented products.It was hosted by Bank Indonesia in partnership with KJRI Dubai, the Indonesian Embassy in Abu Dhabi, the Indonesia Investment Promotion...

ABU DHABI, UAE - In his capacity as the Ruler of Abu Dhabi, President Sheikh Mohamed bin Zayed Al Nahyan  has issued a law establishing the Abu Dhabi Transport Company.An affiliate of the Supreme Council for Financial and Economic Affairs, the company will support the emirate’s integrated transport ecosystem by...

Sham Sheikh Mohammed, who suffered severe crush injuries in a 40-hour ordeal under the rubble, has not yet been told that both her mother and sister died in the February 6 earthquake that killed more than 50,000 people in Syria and Turkey. Sham's story captivated Syrians and others around the...

Abu Dhabi, UAE-- The UAE and Jordan have resolved to draw on each other's experiences in order to combat corruption, and increase competence in the field of auditing.In this regard, a delegation from the UAE, headed by the Supreme Audit Institution (SAI) and participants from Abu Dhabi Accountability Authority (ADAA),...

Emtelle to invest $50m to build manufacturing facility.

The Aluminum producer claimed 2022 results as its strongest ever.

ABU DHABI, UAE  - UAE Ministry of Culture and Youth (MCY) participated in the First G20 Culture Working Group (CWG) meeting held under the Indian Presidency.Attended by G20 members, invited countries, and international organizations such as United Nations Educational, Scientific and Cultural Organization (UNESCO), the meeting recently took place in...

Abu Dhabi, UAE-- Stating that the global reshuffling of economic gravity is providing an opportunity for the UAE, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the country has positioned itself as a key player in the global value chain. He was speaking at...

Abu Dhabi, UAE - Saving deposits in the UAE banking system, excluding interbank deposits, increased to AED245.867 billion ($67 billion) by the end of December 2022, a YoY growth of AED4.00 billion ($1.08 billion), or 1.7 percent, from about AED241.82 billion ($66 billion)  in November 2021, statistics by the Central...

It is estimated that 400 million people consume luxury products worldwide and that number will reach 500 million by 2030.

The emirate’s Department of Municipalities and Transport (DMT) said a total of 19,033 transactions were recorded during the year---9,010 sales worth AED23.5 billion and 10,023 mortgage deals worth AED54.1 billion. The year-on-year value of realty transactions rose by 8.5 percent, while the number of transactions jumped by 27.2 percent.

The agreement will build their mutual capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa region.

ABU DHABI, UAE - UAE Minister of Energy and Infrastructure (MoEI)  Suhail bin Mohammed Al Mazrouei Thursday had a meeting with Bahrain's Minister of Works Ibrahim bin Hassan Al Hawaj at the MoEI headquarters in Dubai.They discussed ways to boost UAE-Bahrain synergies in the infrastructure and transport sectors.Al Mazrouei said,...

The MoU also aims to educate and train 5,000 citizens at the Al Fardan Exchange Training Institute, which was recently established at ACTVET’s Innovation Park in Abu Dhabi.

Abu Dhabi, UAE - UAE's Minister of Economy Abdullah bin Touq Al Marri said Wednesday that in 2022, the UAE economy recorded its fastest growth rate in over a decade despite the global economic slowdown, with the first half of 2022 witnessing unprecedented growth of nearly 8.5 percent.The country's foreign...

ABU DHABI, UAE - Khalifa Fund for Enterprise Development, in partnership with the Abu Dhabi Department of Economic Development (ADDED) and Jenaan Investment, has announced the winners of the CEO program, Agritech Edition.After a rigorous nine-month program that aimed to cultivate entrepreneurship and innovation skills, build and grow ag-food tech...

The agreement was signed at the Strategic Development Fund (SDF) stand at the Tawazun Council’s chalet, on the sidelines of IDEX and NAVDEX 2023.

Jordan, the United Arab Emirates, Egypt and Bahrain announced the signing of 12 agreements and partnerships worth over US$2 billion for nine joint industrial projects. The announcement came following a meeting of the Integrated Industrial Partnership for Sustainable Economic Development. Jordan Prime Minister Bisher Khasawneh oversaw the signing of the...

ABU DHABI, UAE -  Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in 2023.Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under the...

Abu Dhabi, UAE--The Emirates Defence Companies Council (EDCC) and the Canadian Business Council (CBC) in Abu Dhabi signed a Memorandum of Understanding (MoU), aimed at accelerating cooperation and identifying business opportunities in defence industries.The MoU was signed today at Tawazun Council Chalet in IDEX and NAVDEX 2023, currently held in...

Abu Dhabi, United Arab Emirates: Abu Dhabi-based clean energy company Masdar has entered the geothermal energy sector by making an investment in Indonesia's state energy firm Pertamina Geothermal Energy (PGE), one of the world’s largest geothermal players.The investment marks Masdar’s entry into Indonesia, the world's second-largest geothermal market after the...

ABU DHABI, UAE  -  The Department of Health – Abu Dhabi (DoH), which regulates the healthcare sector in the emirate, has announced the winners of its Healthcare Research and Innovation Grant.The grant, launched in September 2022, received over 70 complete submissions, and the top eight were awarded a monetary prize...

Abu Dhabi, UAE--The commercial operations of the Unit 3 of Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi has commenced, Emirates Nuclear Energy Corporation (ENEC) said.As the third unit to be delivered in three consecutive years, this adds a further 1,400 megawatts (MW) of zero-carbon emission...

ABU DHABI, UAE -   UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Algerian Minister of Industry Ahmed Zeghdar discussed enhancing cooperation in the economic, industrial and commercial sectors between the two countries.   In a meeting between Sheikh Abdullah and Zeghdar in Abu Dhabi,...

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Announced at the International Defence Exhibition and Conference (IDEX 2023), the contract will be executed over four years.

EGA has a strategic initiative with TAQA, Dubal Holding, and EWEC to divest its natural gas-fired power plants and instead source its electricity needs through the grid from EWEC.

ABU DHABI,  UAE - Speaker of the UAE Federal National Council Saqr Ghobash received the visiting Speaker of the Senate of Canada George Furey and his accompanying delegation at the FNC's headquarters in Abu Dhabi.Both sides discussed a number of issues of common interest, including  the development and activation of...

ABU DHABI, UAE -  A delegation of 10 Abu Dhabi entities visited Israel from  February 12-16 to discuss business cooperation and innovation opportunities.Led by the Abu Dhabi Investment Office (ADIO), the delegation included Abu Dhabi Global Market (ADGM), Abu Dhabi Residents Office (ADRO), Hub71, Abu Dhabi IPO Fund (ADIPOF), Masdar...

Abu Dhabi, UAE-- The International Defence Conference (IDC 2023), which will be held one day ahead of the IDEX and NAVDEX exhibitions will kick off today at ADNOC Business Centre.The conference is expected to see the participation of a large number of leaders and officials from regional and international defence and...

The project was inspired by the principles in the Document on Human Fraternity, signed by  Pope Francis and Grand Imam Dr. Ahmed El-Tayeb in Abu Dhabi in 2019.

It will focus on the development of defense trading.

Al Zeyoudi highlighted the long-standing strategic relations between the UAE and the US, noting that their economic and trade exchanges are witnessing significant growth.

ADNOC Gas, formed in January 2023 through the consolidation of ADNOC’s gas processing and LNG businesses, is a large-scale integrated business operating across the gas value chain.