Abu Dhabi Fund for Development (ADFD) will provide the Butha-Buthe District in Lesotho with $20 million in finance for the development of a water supply system in the area.

The ADX and ADDED, in conjunction with legal and investment specialists, have worked together to produce the proposed SPAC regulations, assessing the regulatory landscape and benchmarking US and international SPAC regulations. Following its review by the SCA, the SPAC proposal will require formal regulatory approval.

Its profit in the first nine months last year was $77 million.

The Middle East now accounts for more than 12.6 percent of the world’s luxury yachts as the services match the most renowned marinas across the globe. Dubai's foreign commerce in marine-related items, for example, increased by 30 percent in the first half of 2021, adding that Dubai has 17 marinas...

The emirate of Abu Dhabi has proclaimed a new law in order to regulate personal status matters for non-Muslims, providing a mechanism for the determination of personal status disputes.

YahSat said its contracted future revenues are over $2 billion.

Emirates Global Aluminium (EGA) has increased the production capacity at Abu Dhabi's Al Taweelah smelter by 78,000 tons per year. As part of the expansion at the plant, which is one of the largest aluminum smelters in the world, a total 66 new reduction cells were added to the three...

TASI fluctuated during the week, owing to a rise in Aramco shares. The energy giant's net income grew to $30.4 billion in Q3.

The new market will give investors and traders the opportunity to benefit from increased leverage, two-way market exposure, and hedging capabilities.

Among the 3,932 real estate transactions involving land and buildings generated AED 4.6 billion, while 2,224 mortgage transactions generated AED 11.6 billion.

Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and King Willem-Alexander of the Netherlands have discussed friendship and cooperation between the two countries and ways to enhance them in various fields. Al Nahyan conveyed the greetings of President Sheikh Khalifa bin Zayed Al Nahyan to King Willem-Alexander...

Hub71, Abu Dhabi’s global tech ecosystem, and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will identify and collaborate with startups to advance the tourism and culture sectors, collaborate on high-impact events and provide mentorship to founders and entrepreneurs. Saeed Al Fazari, Executive Director at DCT...

It will be the first time since the oil price crash in the second quarter of last year when the COVID-19 pandemic devastated demand that ADNOC has not implemented any supply cuts.

In order to expand the emirate’s knowledge economy, a program designed by Yale University has been launched in Abu Dhabi under the patronage of Sheikh Khaled bin Mohamed bin Zayed Al Nahyan.

A key aim of the initiative was to understand how organised crime attempts to move illicit assets, such as the flows of cash and gold.

In the UAE, the Abu Dhabi index added 0.2% with the International Holding Company gaining 0.7%. Dubai index ended the week 0.1 percent down.

The Abu Dhabi National Exhibitions Company (ADNEC) has announced plans to expand its facilities and infrastructure in Abu Dhabi and London. The company said the expansion plans boost its competitiveness and ability to attract and hold major international events for all sectors. The development operations at Abu Dhabi National Exhibition...

A consortium will hold the Arena shares in a 70:30 ratio.

Technology Innovation Institute (TII) has announced that its Secure Systems Research Centre (SSRC) has partnered with three universities on secure mesh communications research projects.

The Chimera Global Fund has surpassed its target of $50 million in its second raise, as it aims to deploy investments to a dozen companies in Series A and pre-IPO stages.

The virtual license covers 13 economic sectors on top of the strategic sectors targeted by the Abu Dhabi government to attract FDI.

The oil price rise is expected to raise the economic growth of Saudi Arabia and the UAE. The kingdom is expected to grow by 5.1 percent next year.

Non-resident foreign investors can obtain a virtual license for doing business in Abu Dhabi from any location outside the UAE and without having to meet residence procedures. The Abu Dhabi Department of Economic Development (ADDED) made this announcement at the 41st session of the GITEX Global (Dubai 2021). Mohamed Ali...

The project will be used to make power and desalinate water.

Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan reviewed developments in Syria and the Middle East in a phone chat with Syria's President Bashar al-Assad on Wednesday.

The two parties have signed an MoU to promote business establishments and Foreign Direct Investments.

The agreement is part of the UAE’s endeavors to strengthen and activate means of economic and investment cooperation globally.

Diversification, new leases, and partnerships fueled the rise.

The Saudi and UAE bourses saw quite some ups and downs in the week that began on Sunday, October 10.

ADQ has entered into a definitive agreement to acquire the remaining 20 percent equity stake of The National Health Insurance Company – Daman – PJSC, from Munich Re, one of the world’s leading providers of reinsurance.

Mubadala Capital, the financial investment arm of Abu Dhabi’s sovereign investor Mubadala, has acquired one of the largest Taco Bell Corp. franchisees in the US.

The Department of Municipalities and Transport (DMT) has announced a new Code of Practice (CoP) encompassing the primary Health, Safety and Environment (HSE) considerations expected of commercial marina activities within Abu Dhabi. The new code provides the drive to regulate and facilitate the safe management of Abu Dhabi’s marine assets...

CBUAE and ADGM will collaborate on the development and growth of the FinTech ecosystem in the UAE.

FAB is the first bank in the UAE and GCC to join the NZBA.

International Holding Company (IHC), Abu Dhabi conglomerate, has agreed to acquire 51% of Bin Suhail Group through a subsidiary to form a beauty industry joint venture, it said on Monday.

Miral in collaboration with Warner Bros. announced today that The WB Abu Dhabi hotel on Yas Island, operated by Hilton under the Curio Collection brand, will open its doors to guests on 11 November 2021.

An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online

The main Saudi stock index closed trading on October 7, with an increase of 19.45 points, to close at the level of 11,591.33 points, with transactions worth 6.5 billion riyals.

The network, called the AD SME Tribe, will enable the growth of enterprises through community-focused guidance.

The Abu Dhabi Development Fund received a delegation from the Central Bank of Egypt.

Abu Dhabi-based renewable energy company Masdar on Thursday announced it will develop five solar photovoltaic (PV) projects in Iraq with a combined capacity of 1 gigawatt (GW). The company signed an implementation agreement with Iraq’s Ministry of Electricity and the National Investment Commission to develop a 450-megawatt (MW) plant in...

The diplomatic relations between the two countries have shown a fair degree of warmth in recent months, after a few years of frost and unfriendliness. 

The UAE recorded fewer than 200 new cases of Covid this month, the lowest figure since Aug 2020. While life in the emirates has largely returned to normal, masks and social distancing rules remain in force. Heavily reliant on tourism, Dubai was one of the first destinations to reopen its...

Entities registered with the Abu Dhabi Global Market or ADGM will now be able to offer and list shares on UAE capital markets.

KUWAIT: A delegation from the Federation of UAE Chambers of Commerce and Industry and officials of the Kuwait Chamber of Commerce and Industry have discussed ways of boosting cooperation and promoting investment opportunities in the two countries. The discussion happened at a meeting attended by Abdullah Mohamed Al Mazrouei, Chairman...

Fertiglobe is a fertilizer partnership of Adnoc and OCI.

Abu Dhabi-based firm will acquire Eltizam Asset Management for AED111.6 million.

According to the National Centre of Meteorology (NCM) latest forecasts, the movement of Tropical Cyclone Shaheen will continue towards the coasts of the Sultanate of Oman on Sunday , October 3, affecting some regions of the country. Some flights to Muscat airport were canceled and a child died in Oman...

The move is expected to reduce the litigation time and costs and increase the rate of disposition of cases in the emirate.

Digital transformation brought about by COVID-19 has made banks more open to branchless and cashless banking enabling them to perform better in H1 2021 than they did in the same period last year.