Riyadh, Saudi Arabia - Jordan Henderson has moved a step closer to ending his much-criticized spell with Saudi club Al-Ettifaq by undergoing a medical with Dutch side Ajax, a source close to the negotiations told AFP on Thursday. The 33-year-old England midfielder has been with the Saudi club for just six...

Abu Dhabi, UAE -- EDGE, one of the world’s leading advanced technology and defense groups, has announced that it will conduct a six-month trial on a major public security initiative with the São Paulo state government. The partnership was announced during a high-level delegation visit by senior government members to...

The deal signifies PureHealth’s operational capabilities.

Dubai, UAE – Sales of properties worth more than $1.35 million and $2.70 million in Dubai hit record levels in 2023, reaching 10,296 and 3,806, up 54.5% and 68.4% from a year earlier, respectively, says CBRE in its study. Off-plan sales in both segments of the market have been the primary...

Abu Dhabi, UAE -- Real estate transactions in Abu Dhabi amounted to approximately AED 1.9 billion ($517 million) in the first two weeks of 2024, comprising 348 transactions of sales and mortgages on various types of real estate units. According to the "DARI" platform, affiliated with the Department of Municipalities...

ABU DHABI, UAE - Lunate Capital announced the launch of the Chimera SP India Shariah ETF, a physical, in-kind, liquid, and fully fungible exchange traded fund, that will list on the Abu Dhabi Securities Exchange (ADX). Lunate Capital is an Abu Dhabi-based management company licensed by the Securities and Commodities...

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company (First Insurance), an insurance company operating in the UAE. CBUAE struck First Insurance’s name off the Register, pursuant to Article 22 (2) of the Board of Directors Resolution No.15 of...

ABU DHABI, UAE - First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps, which resulted in an all-in yield of 4.779 percent. This marks the first Sukuk issued globally in 2024 and stands as the region's first offering for the year. The final...

Abu Dhabi, UAE - The UAE passport has climbed two positions to secure the 11th spot in the 2024 Passport Index by Henley & Partners. This advancement allows UAE citizens visa-free access to 183 countries. The UAE has been the most improved nation on the Index over the past decade,...

The emirate ranked 28th globally in the 2023 Urban Mobility Readiness Index, highlighting its efforts in creating a sustainable, future-ready transportation ecosystem.

On his fourth regional trip since the war began, US Secretary of State Antony Blinken arrived in Saudi Arabia after talks in Abu Dhabi. Blinken "emphasized the importance of preventing further spread of the conflict", during talks with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan, a US...

Abu Dhabi, UAE - The UAE has announced its participation in developing a module on Nasa’s Lunar Gateway Station alongside the USA, Japan, Canada and the European Union, in addition to sending the first Emirati astronaut into lunar orbit as part of the project. During the event held at Qasr...

Abu Dhabi, UAE - The aggregate market capitalization of the top 16 national companies listed on local exchanges stood at approximately $734 billion (AED2.7 trillion). Anticipated growth suggests this figure might reach around $1.63 trillion (AED6 trillion) in the coming years. The 16 listed companies accounted for about 74% of...

The aim is to redefine outdoor media advertising in Abu Dhabi.

ABU DHABI, UAE - The International Holding Company (IHC) announced the initiation of the transfer of 2PointZero, a next generation holding company comprising several diverse and dynamic companies, to IHC. Spanning multiple sectors, business combinations of entities under common control, have been combined to form 2PointZero, boasting an impressive asset...

ABU DHABI, UAE - The prices of petrol and diesel are set to decrease in the country in January following fluctuations in the global oil market. This change reflects a continuous trend observed in the fuel prices over the past few months, with September and October witnessing increases and November...

Abu Dhabi, UAE - The UAE on Friday extradited Gergely Franc, an Albanian national, charged with premeditated murder, to Belgium. The accused was transferred according to the extradition agreement, signed by the United Arab Emirates and Belgium, following the established legal and judicial process, a trial, and as per the...

ABU DHABI, UAE - The UAE insurance sector continues to exhibit robust growth, as evidenced by a 9.6 percent increase in total assets during the first nine months of 2023, reaching US$35.8 billion (AED 131.6 billion) by the end of the third quarter. This translates to an impressive US$3.1 billion...

ABU DHABI, UAE - The Statistics Center - Abu Dhabi (SCAD) has reported a substantial 7.7 percent growth in the real non-oil Gross Domestic Product (GDP) the Emirate during the third quarter of 2023, in comparison to the same period in 2022. This growth is attributed to the success of...

Abu Dhabi, UAE – ADQ, an Abu Dhabi-based investment and holding company, on Thursday announced the signing of a multi-year sponsorship agreement with Pyramids Football Club (Pyramids FC), an Egyptian Premier League professional sports club. As part of the agreement, ADQ will be the Official Partner of Pyramids FC. Since its...

ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy have joined hands to further decarbonize the Emirate’s booming industrial sector. The collaboration supports Abu Dhabi Industrial Strategy's vision to establish the Emirate as the most competitive industrial hub in...

ABU DHABI, UAE - The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural persons subject to the Corporate Tax Law, that came into effect on June 1 2023. The guide provides a comprehensive and simplified explanation and instructions for natural persons realizing income...

Deyaar is a leading real estate developer in Dubai.

Abu Dhabi, UAE - The United Arab Emirates was named the most economically competitive nation in the Arab world, a report on Arab Economic Competitiveness Index released by the Arab Monetary Fund (AMF). UAE's sustained progress across crucial sectors, including its economy and investment environment are said to be the...

Abu Dhabi's Shuweihat 4 desalination project secures $444 million.

The move is likely to enhance ESG’s manpower portfolio.

Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) has said that the UAE insurance sector continued to grow in Q3 2023, as reflected by the increase in the number of insurance policies in line with the increase in the gross written premiums (GWP). In its report, CBUAE...

It will benefit from revenue synergies, economies of scale.

ABU DHABI, UAE – Airports in the country witnessed a 15 percent increase in air traffic during the 28th Conference of the Parties (COP28) held at Expo City Dubai, said Director-General of the General Civil Aviation Authority (GCAA) Saif Mohammed Al Suwaidi. In a statement to the Emirates News Agency...

ABU DHABI, UAE - The UAE Government has issued a federal decree which aims to regulate and organize media in the UAE. The decree also aims to promote the UAE as a global media hub and establish an enabling environment to catalyze the growth and prosperity of the sector. The...

This follows an earlier investment of $738.5 million by CYVN in July.

ADNOC to buy OCI’s entire shareholding in Fertiglobe.

Both the firms will offer their expertise in the sector.

ABU DHABI, UAE -  Tabreed on Thursday announced the successful closure of its inaugural US$163 million (AED600 million) Green Revolving Credit Facility (RCF) in partnership with First Abu Dhabi Bank (FAB) as the Green Coordinator, alongside Abu Dhabi Commercial Bank (ADCB), and Emirates NBD. This financing agreement, spanning five years,...

ADCB to sell 80 percent stake in ADCP to Nine Yards Plus.

The company deals in risk management infrastructure for digital assets.

The partnership will utilize low-cost indoor farming solution.

The firms will collaborate on nuclear energy technologies.

ABU DHABI, UAE - International Monetary Fund (IMF), in collaboration with the UAE Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AMLCTF), held a "Fintech Roundtable" with Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) supervisors from across the globe. The event was attended by participants from 15 countries...

"COP28 is a very important conference because what it's doing is not just bringing people together, but it provides certainty about the deadline that everyone wanting to make any real commitment must adhere to," he adds, underscoring the significance of the UN Climate Change Conference being held in Dubai.

Dubai, UAE--The UK government has ordered a formal probe into the proposed sale of the Telegraph Media Group to an Abu Dhabi-backed investment fund. The investment fund, RedBird IMI, disclosed earlier this month that it was set to take control of The Daily and Sunday Telegraph sister newspapers and The...

Abu Dhabi, UAE - The Abu Dhabi Global Market (ADGM) was announced as the home of the newly launched catalytic climate vehicle ALTÉRRA established by Lunate the global alternative investment management company, the world’s largest private climate investment vehicle. The initiative, which saw the UAE commit a US$30 billion in...

TAMM becomes first to use UAE’s Falcon large language models.

ABU DHABI, UAE - CEO and Co-Founder of Astra Tech Abdallah Abu-Sheikh said that the company will launch its first financial services empowered by artificial intelligence (AI) in 2024. In statements to the Emirates News Agency (WAM) on the sidelines of the Abu Dhabi Financial Week (ADFW), Abu-Sheikh said that...

ABU DHABI, UAE - The Central Bank of the United Arab Emirates (CBUAE) hosted several events with Islamic finance infrastructure organizations dedicated to sustainable Islamic finance. The events, which took place in Abu Dhabi on November 27-28 2023, are part of CBUAE’s efforts to promote sustainable finance and expedite initiatives...

Abu Dhabi, UAE -- Abu Dhabi Global Market (ADGM), a leading international financial center of the UAE’s capital, Thursday announced that 14 major financial institutions representing a total Assets Under Management AUM of $452 billion have committed to establishing new operations in ADGM. A year into Abu Dhabi’s “Falcon Economy”,...

Abu Dhabi, UAE -- Dr. Karim El Solh, Co-Founder and Chief Executive Officer at Gulf Capital, said Thursday Abu Dhabi is positioned as one of the globe's fastest-growing financial hubs between West and East Asia. Speaking to the Emirates News Agency (WAM) during Abu Dhabi Finance Week, El Solh underscored...

Abu Dhabi, UAE--Abu Dhabi IPO Fund (ADIPOF) is working on three initial offerings in the technology, hospitality, restaurants, and financial sectors, expected toward the end of 2024. It was revealed by Bassel Al Khawaja, Advisory Head at Abu Dhabi IPO Fund (ADIPOF) on the sidelines of the 2nd day of...

Abu Dhabi, UAE - Martina A Strong, the US Ambassador to the UAE revealed on Monday that American companies secured over $128 billion in deals for cutting-edge American technology, innovative products, and premium services during the Dubai Airshow, including a $52 billion deal between Emirates Airlines and Boeing. In statements...

ABU DHABI, UAE - Emirates Water and Electricity Company (EWEC) on Monday announced that it will conduct its Q4 2023 auction for Clean Energy Certificates (CECs) here, with registration now open and the auction closing on December 14 2023. Introduced by the Abu Dhabi Department of Energy (DoE), CECs are...