Carbon credits can be traded on legal carbon markets, such as the Emissions Trading System of the European Union. They can also be generated and traded on voluntary carbon markets worldwide, with examples developed in Singapore, Sydney, New York, and London.

Touchdown Aviation (TDA) will provide Etihad Engineering supply chain solutions locally in Abu Dhabi, to ensure the availability of high demanded aircraft parts. Etihad Engineering signed a Component Agreement with TDA, a global specialist in the supply, loan, exchange, and repair of aircraft components, regarding the same. Frederic Dupont, Vice...

Environmental assessment and permitting operations carried out by the Environment Agency – Abu Dhabi (EAD) in 2021 reveal that 60 square kilometers of marine critical habitats and 850,000 meters square of terrestrial critical habitats have been protected. This is in addition to a reduction of more than 2800 cubic meters...

QMM, part of ADQ, was launched in 2020.

The Bahrain-based firm looking to spend around €1 billion.

From the UAE to Saudi Arabia, the main indexes made up for their losses as the week came to a close.

The number of people in Abu Dhabi who have developed a habit of reading regularly has increased from 38 percent to 55 percent during the past three years, according to Reading Opinion Poll by Statistics Centre – Abu Dhabi (SCAD). The poll said 79 percent of population prefers reading online,...

ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investments, an Abu Dhabi-based private investment firm, announced they have established ADC Acquisition Corporation (ADC), the UAE’s first Special Purpose Acquisition Company (SPAC). ADC plans to raise AED367 million through an Initial Public Offering (IPO) of 36.7 million shares at...

Abu Dhabi has allowed Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, to operate as a broker-dealer in virtual assets in the emirate. Abu Dhabi Global Market (ADGM) introduced the world’s first comprehensive and robust virtual asset regulatory framework in 2018.

Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when it comes to power generation.

The GCC's main indices closed higher toward the end of week, spurred by higher oil prices. The Saudi index "TASI" reached 13,314 points, achieving an increase of 0.4 percent on Thursday, its last trading day. At the same time, the Dubai index increased by 0.2 percent during the week as...

The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has said that the Abu Dhabi's markets are completely free of Kinder products suspected of being linked to food poisoning in a number of European countries due to salmonella infections. In a statement, ADAFSA explained that as soon as they receive...

The two bourses have been adhering to the Monday-to-Friday workweek — the norm across most of the world — since the beginning of the current calendar year.

The UAE has earned a unique distinction of becoming the only Arab country to be propelled into the premier club of nations with the most technologically advanced governments.

Abu Dhabi issued 25,427 new economic licenses in 2021, an increase of 21.5 percent compared to the 2020 figure of 20,925, according to the 2021 Business Activity Report published by the Abu Dhabi Business Center at the Abu Dhabi Department of Economic Development (ADDED) . The report said that renewed...

Abu Dhabi’s non-oil GDP at constant prices grew by 4.1 percent in 2021, according to Statistics Centre-Abu Dhabi. The emirate’s GDP at constant prices grew by 1.9 percent in 2021 compared to the previous year, SCAD said, adding both oil and non-oil sectors witnessed growth. In 2020, a significant decline...

The UAE and Saudi stock markets posted considerable gains this week even as oil prices took a dip with the US tapping into its reserves to tame high crude oil prices.

Aldar Investment acquired the 715-room hotel that opened its doors in 2014, marking the company's second investment in the emirate this year.

ADQ, Abu Dhabi wealth fund, will buy a majority stake in Unifrutti Group, a fruit and vegetable producer, marketer, and distributor.

Amid a global pandemic, Dubai strategically turned a business and culture event into a public diplomacy spectacle unmatched in history.

The decision is said to have been taken in cooperation with Abu Dhabi Police's strategic partners.

Abu Dhabi and San Marino will explore new avenues of economic cooperation and boosting trade. Saeed Ghumran Al Remeithi, Deputy Treasurer of the Abu Dhabi Chamber’s Board of Directors, met with Fabio Righi, San Marino’s Minister of Industry. The meeting between the two was held at Chamber’s tower in Abu...

For the second time since the global financial crisis, the Middle East has surpassed Europe in terms of IPOs as regional investors seek liquidity from increased oil prices.

The Abu Dhabi Stock Exchange achieved weekly gains of 1.7 percent, while that for the Dubai stock exchange was 1.9 percent.

Analysts have said that "most" of the parties to Friday's meeting in Jordan are "historic allies and friends of Washington but are linked to Moscow."

Abu Dhabi-based Alpha Dhabi Holding is a subsidiary of the IHC.

US Secretary of State Antony Blinken will travel to Israel, the West Bank, Morocco, and Algeria over March 26-30 to discuss the Ukraine war, Israeli-Palestinian relations, the Iran nuclear deal, and gas from Algeria, among other things, the US State Department has announced.

The Emirates Nuclear Energy Corporation (ENEC) announced today the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant. Unit 2 adds 1,400 megawatts of zero-carbon emission electricity to the national grid, bringing the total produced by Units 1 and 2 to 2,800 megawatts and further securing...

ADQ of Abu Dhabi has partnered with Turkey Wealth Fund to launch Turkey Technology Fund that will invest in venture capital funds and high-growth potential companies in Turkey.

Egypt hosted the Israeli and UAE leaders for unprecedented three-way talks Tuesday as the Ukraine war rocks energy and food markets and major powers inch toward a revived Iran nuclear deal. The summit was held between Egypt's President al-Sisi, Israeli PM Naftali Bennett and Abu Dhabi Crown Prince Mohammed bin...

The production started by Abu Dhabi-based Mubadala Petroleum.

Assad's surprise trip on Friday was his first official visit to an Arab country since civil war erupted in his country in 2011.

After a week of losses, the Saudi index posted 0.9 percent increase even as the uncertainty spurred by the Ukraine conflict continued to weigh on the capital markets across the globe.

Renewable energy company Masdar announced the formal start of construction for its 230-megawatt (MW) Garadagh Solar PV Plant in Azerbaijan, the Central Asian nation's first foreign investment-based independent solar power project. Masdar also signed agreements related to developing additional clean-energy projects across Azerbaijan. Masdar signed agreements to develop the Garadagh...

NYU Abu Dhabi (NYUAD) will host the region’s first-ever Quantum Computing International Hackathon with a focus on innovation, entrepreneurship, and advanced industries.

Oil prices rose by more than 20 percent this week, due to ongoing concerns about supply disruptions and Russian output.

This action, among others, could be quite helpful in getting the UAE out of the so-called grey list of the FATF, where it was put earlier this month.

Abu Dhabi's agricultural production in 2020 was valued at AED13.7 billion ($3.72 billion) in 2020, with an increase of 12 percent compared to 2019, growing at a compound annual growth rate of 6.5 percent for 2017-2020. Statistics collected by the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) in collaboration...

Spain's former king Juan Carlos said he will stay in Abu Dhabi despite the closure of investigations into his financial dealings that led to his self-imposed exile in the UAE, the Spanish royal family announced on Monday. "For now, I prefer for personal reasons which concern nobody but myself, to...

Thanks to a spike in crude oil prices pushed beyond $100 by the Russian-Ukraine conflict, the stock markets of Saudi Arabia and the UAE posted gains in February.

The UAE's Department of Municipalities and Transport (DMT) said that service fees for real estate units’ owners and investors in development projects were reduced by 26.4 percent during 2020 and 2021. In 2020, the service charges were reduced by 18.1 percent, with another 8.3 percent reduction introduced in 2021. The...

Despite the global closures and economic crisis, the tourism sector in the Gulf region fared well in 2021 due to several factors such as the easing of restrictions and government support.

Crown Prince of Abu Dhabi led an entourage of high-profile officials to welcome king and queen upon their arrival at the Presidential Flight in Abu Dhabi.

The new trading office of PTT, Thailand’s largest corporation and the only Thai company listed in Fortune Global 500, was opened in Abu Dhabi Global Market on Thursday. The PTT Chairman, CEO and Board of Directors travelled to Abu Dhabi to mark the milestone, alongside representatives from ADNOC, IFAD and...

Deals worth more than AED2 billion ($544 million) were made by UAE’s Ministry of Defense during the fifth edition of UMEX and SimTEX 2022 exhibitions, which concluded on Wednesday at Abu Dhabi National Exhibition Centre. This was the largest edition of this event in terms of exhibition area and exhibitors,...

The meeting was held on the sidelines of the official visit of Turkish President to the UAE.

The entire amount resulted from a total of a combined 14,958 sales and mortgage transactions.

Abu Dhabi International Airport has welcomed 5.26 million visitors in 2021 thanks to a fourth-quarter surge that saw 2.43 million, which equates to 46 percent of the full year's passenger numbers, pass through the UAE capital's hub. Compared to 2020, which saw traffic of around 5.57 million passengers, there was...

US officials in the United Arab Emirates met with Afghans after a protest in Abu Dhabi this week and discussed their "potential" transfer to the United States, an embassy statement said.

Chelsea was handed the prestigious trophy by FIFA president Gianni Infantino.