Abu Dhabi’s private sector grows by over 35 percent in 2023
ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office (ADIO), the second edition of Al Multaqa quarterly meetings, presenting business community with recent updates on the Emirate’s economy and achievements in 2023 and highlighting future opportunities.Launched in Q4-2023, Al...
Investors may prefer this new Abu Dhabi license
New license for professionals to be issued by ADDED allows 100 foreign ownership of a business. ADDED also highlighted that opening a commercial branch without prejudice to the professional license or its features could be possible if the commercial activity is consistent with or complementary to the professional activity.Pact signed to measure Abu Dhabi workers’ quality of life
The aim of the cooperation is to activate the role of DCD and SCAD within a set of future programs and initiatives that will help them to amplify their contributions to society, a statement issued by the DCD said. The DCD was established in 2018 to oversee, empower and regulate...New flights from Baghdad to Abu Dhabi
The inaugural flight of Iraqi Airways landed at Abu Dhabi International Airport on August 7.Etihad Rail inks transport deal with Western Bainoona Group
Etihad Rail will now provide rail freight services to transport construction materials from Western Bainoona Group’s facilities to its construction hubs.ADNOC sells its first cargo of blue ammonia to Itochu
The sale was made in partnership with Fertiglobe, which will produce blue ammonia at its Abu Dhabi plant for delivery to ADNOC’s customers in Japan.Abu Dhabi cuts procedures to start business by 71 percent
Discussions with stakeholders helped the Abu Dhabi government identify and remove duplicate requirements and modify existing requirements to facilitate the process, ADDED said.A project to extract water from air at Masdar soon
It will evaluate the performance of US-based water technology firm AQUOVUM’s Atmospheric Water Generation technology.Grandweld delivers second Surfer 2 boat to Abu Dhabi group
This was the second of the three boats, which Grandweld Shipyards brands as the Grand Superior, that Allianz Middle East Ship Management had ordered.Abu Dhabi’s 5G speed rates among three fastest in world
Abu Dhabi has been rated as one of the three capitals with the fastest 5G speed, with the fastest median download speeds of 421.26 Mbps in the first half of 2021.BCCI announces remaining IPL match schedule across UAE
The 31 remaining matches of this year’s IPL will be spread across Abu Dhabi, Dubai, and SharjahFee for setting up business in Abu Dhabi cut by 94 percent
The reduced fee includes six activities within the business license and covers all fees for several government entitiesSEHA introduces specialized Saturday clinics
A recent patient experience survey conducted by SEHA revealed people delay healthcare due to long working hours on weekdaysHub71 to evaluate, endorse applications for Entrepreneur Golden Visa
Applications endorsed by Hub71 will be finalized by Abu Dhabi Residents Office and the Federal Authority For Identity and CitizenshipAbu Dhabi Crown Prince, Israeli PM review ways to boost relations
The leaders of the two states also discuss regional and international issues of common interest and efforts to achieve peace and prosperity regionally and internationally.Dubai’s most expensive villa rental signed for $1.06 million
Dubai likely saw its most expensive villa rental deal, with a villa on Palm Jumeirah being rented annually for AED 3.88 million ($1.06 million)ADCB’s H1 net profit surges 76% to AED 2.524 billion
Abu Dhabi Commercial Bank has reported a 76 per cent jump in first-half net profit to AED2.524 billion on the back of higher fee income, lower cost of funds and improved cost to income ratio.Versace opens new boutique at Galleria Al Maryah Island
Versace has opened a boutique at the Galleria Al Maryah Island, where it will showcase the Pre-Fall 2021 collectionAl Dhafra festival to begin in October in Abu Dhabi, prize money to be AED110m
This year the festival will include camel beauty contest The 15th edition of the festival will coincide with the country's 50th year of birth The fifteenth edition of Al Dhafra Festival will be begin in October and would continue till January, and would include camel mazayna (beauty...Abu Dhabi implements comprehensive action plan for Eid Al Adha
The Abu Dhabi Waste Management Centre, or Tadweer, now has a comprehensive sanitation plan for Eid Al AdhaNon-Arabs invest $87m in UAE markets from Jan-May 2021
Growth indicates a steady capital inflow into the two markets due to the increased investor confidence in UAE capital marketsAbu Dhabi unveils new entry rules, reintroduces night curbs
Abu Dhabi has set out new entry rules that will come into effect from Monday. The emirate also plans to reintroduce its overnight sterilisation programme from July 17.Partial lockdown in Abu Dhabi on July 19 to carry out sanitation program
The lockdown will come into effect at midnight and will go on until 5 am The movement of traffic and the public will be restricted and there will be no transportation services There will be a partial lockdown in Abu Dhabi on July 19 in order to carry out...Eid holidays in Abu Dhabi: ITC won’t charge for Darb or parking
The toll gate system or Darb in Abu Dhabi will not charge anything during Eid al Adha holidays beginning 19 July and the charges will resume on 24 July.Saudi, UAE reach deal over oil output quotas
Major OPEC producers Saudi Arabia and the United Arab Emirates have reached a compromise in a standoff over crude output quotas.ADFD provides $15 million concessionary loan to Rwanda
Rwanda has signed a loan agreement with ADFD to get a loan of AED55 million, or around $15 million, for a key road projectEGA starts 2nd phase of Al Taweelah smelter expansion ahead of schedule
Emirates Global Aluminium (EGA) has announced the start-up of the second phase of its expansion to Al Taweelah smelter in Abu Dhabi.Aldar Properties recieve $81.67-million loan from HSBC
HSBC has sanctioned a loan of $81.67 million to Aldar Properties that has its interest linked to achievement of sustainability targets This reportedly made Aldar the first real-estate company in the Middle East and North Africa region to get such a loan Global lender HSBC has sanctioned a loan...Mubadala sells 4.5 percent Oil Search stake for $275m
Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has offloaded A$363 million ($274.82 million) share in Oil Search, which has major stakes in Papua New Guinea’s emerging liquefied natural gas (LNG) sector. Mubadala sold a 4.5 percent stake in Oil Search Ltd, the oil and gas producer said in a...Abu Dhabi to allow vaccinated people in some public places from August 20
The first phase of this allowance will include shopping centers, restaurants, cafes, and all retail outlets, but not supermarkets and pharmacies The decision does not apply to unvaccinated individuals with vaccination exemption, nor to children under the age of 15. The Abu Dhabi Emergency, Crisis and Disasters Committee...IHC to become Abu Dhabi’s most valuable firm after unit lists
The company reported a first-quarter profit of Dh1.5 billion, up from Dh112.2 million a year earlier Its shares rose 15 percent after the listing of a subsidiary company Abu Dhabi’s firm, International Holding Company (IHC), vaulted in value to become its most valuable listed company when its shares rose nearly...Alpha Dhabi plans IPO, ADX listing with $2.2-billion capital
Alpha Dhabi also announced that it was moving ahead with its initial public offering The IPO may comprise a sale of existing shares to individuals and other investors Abu Dhabi-based Alpha Dhabi Holding is planning to list its ordinary shares on the Abu Dhabi Securities Exchange or ADX on June...Fledgling UAE rail network step towards bridging the Gulf
When completed, Etihad Rail will operate 1,200 km of track connecting all of the emirates *Authorities believe freight train will cut carbon emissions substantially In the desert emirate of Abu Dhabi, Ibrahim al-Hammadi inspects a freight train on the UAE's first railway line. He climbs aboard the locomotive, does a...Abu Dhabi announces updated list of ‘green’ destinations
*Passengers from Green List destinations only need PCR testing upon arrival at Abu Dhabi Airport *Green List countries will be regularly updated based on international developments The Department of Culture and Tourism Abu Dhabi (DCT Abu Dhabi) has issued the updated list of 'green' destinations people can travel from if...Cruises set to return to Abu Dhabi
In 2019, around 500,000 cruise visitors had arrived in the Emirate’s ports, marking a 46 percent increase compared to 2018 Abu Dhabi is also witnessing the development of several landmark projects Come September, Abu Dhabi will welcome cruise liners back after months of closure in 2020 due to the COVID-19...Abu Dhabi announces resumption of cruise liners
In 2019, 500,000 cruise visitors arrived in the Emirate’s ports, a 46% percent increase compared to 2018 Abu Dhabi Ports initiating several health and safety measures for passengers and crew The Department of Culture and Tourism, Abu Dhabi, has announced the resumption of cruise liners in Abu Dhabi starting...Moody’s and Fitch assign investment-grade credit ratings of Aa2 and AA to ADQ
ADQ, one of the largest holding companies in the region, have been assigned these long-term issuer credit ratings that both mean “stable,” said the reports The credit ratings are reportedly on par with the Abu Dhabi government’s credit ratings, said the reports Global credit ratings agencies Moody’s and Fitch...ADNEC launches Tourism 365 to scale up tourism sector in Abu Dhabi
ADNEC is looking to create experiential travel opportunities for tourists coming to Abu Dhabi through a new company called Tourism 365 The company will aim to enhance the emirate’s regional and global positioning in the wider tourism sector The Abu Dhabi National Exhibitions Company is looking to create experiential...Mubadala’s satellite unit IPO on the cards in Abu Dhabi
Mubadala will follow it up with its aluminum venture It is intended to strengthen Abu Dhabi bourse The initial public offering (IPO) of Mubadala’s satellite unit in Abu Dhabi is on the cards as the UAE capital intends to bolster its bourse. Musabbeh Al-Kaabi, the CEO of Mubadala's UAE investments...UAE Microsoft Cloud centers have a positive impact on economic growth
A study has shown Cloud ecosystem will generate $27 billion in the next four years Microsoft and its partner ecosystem will spend about $2.3 billion in the data centers for services and products Microsoft's UAE cloud data centers are having a positive impact on the economic growth, the company said...Sojern’s Co-Op solution helps Abu Dhabi boost tourism recovery
Abu Dhabi hotels increase direct bookings through a targeted, digital display and social media advertising campaign DCT Abu Dhabi has launched a series of stimulus initiatives to support tourism recovery Sojern, a leading provider of digital marketing solutions for travel, Saturday announced an extension of their partnership with the Department...Abu Dhabi to get a Small Claims Court soon
The court can settle civil, commercial and labor disputes The final decisions of this court rendered at the same hearing Abu Dhabi will soon get a Small Claim Court, following a recent decision-signing in this regard by the emirate’s Deputy Prime Minister Sheikh Mansour bin Zayed Al Nahyan, said local...Abu Dhabi Police warns against fraud, scam calls requesting bank data
The police have warned people not to fall for small text messages that simulate government institutions Fraudsters obtain information about an individual's bank account and then steal their money The Abu Dhabi Police have warned people against a slew of cybercrimes that target people in the name of government...Abu Dhabi to instal ‘state-of-the-art’ scanners to detect Covid-19
Abu Dhabi to instal advanced scanners to detect Covid-19, starting with entry points to the emirate The scanners will be instaled outside shopping malls and places frequented by the general public If all goes well, Abu Dhabi will be instaling state-of-the-art scanners that can detect Covid-19 in a person infected...Morocco aims to be a major green hydrogen producer in the region
Morocco to transition to renewable source of energy The country will team up with the Abu Dhabi-based International Renewable Energy Agency to speed up the energy transition Morocco has set its sights on becoming a major green hydrogen producer, and in this regard it will be working with the...Hub71 launches new program with New York Firm Modus Capital to build, invest in startups
The program is expected to enable early-stage founders from around the world to develop successful and scalable startups from Abu Dhabi FinTech, Direct-to-Consumer, HealthTech, and EdTech startups will reportedly gain preference Abu Dhabi’s global tech ecosystem Hub71 and New York-based venture-capital and venture-builder firm Modus Capital have launched a...ACCA members eligible to apply for UAE Chartered Accountant tag
ACCA members can apply for UAE Chartered Accountant designation AAA and ACCA will agree to share information with technical knowledge and professional development as priorities All members of the Association of Chartered Certified Accountants (ACCA) will be eligible to apply for and subsequently use the UAE Chartered Accountant designation. This...Abu Dhabi most liveable city in Middle East
The Economist Intelligence Unit's Global Liveability Index ranks 140 most liveable cities in the world Abu Dhabi's top rank attributed to the government's social and economic development The UAE capital Abu Dhabi moved up seven places in the 2021 global quality of life ranking and was named as the most...Abu Dhabi Chamber discusses boosting cooperation with Polish entrepreneurs
Poland’s Deputy Foreign Minister Pavel Jablonsk highlights the advantages of investing in his country Deputy director Helal Al Hameli highlighted a range of services provided by the Chamber for private sector Boosting investment and business cooperation among entrepreneurs were among the various topics that Abu Dhabi Chamber of Centers and...UAE’s SCA registers 114 foreign investment funds in 2020
Number of investment funds registered with SCA fell to 46 in 2019China in talks with Abu Dhabi National Energy to buy 10% stake
The negotiations are ongoing and there is no certainty about reaching an agreement Based on its current share price, the stake could cost China $4.2 billion China Southern Power Grid Co. is on the verge of acquiring about 10 percent of Abu Dhabi National Energy Co. (TAQA), according to Bloomberg....



















































