ABU DHABI, UAE - The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the fifth auction of the Islamic Treasury Sukuks (T-Sukuks).This is part...

ABU DHABI, UAE - A recent report revealed that 29 initial public offerings (IPOs) were recorded in the Middle East and North Africa (MENA) region during the first nine months of this year, with total proceeds of US$5.8 billion.The report, issued on Tuesday by Ernst Young (EY) on IPO activity...

Abu Dhabi, UAE -- AD Ports Group (ADPORTS) has purchased 10 offshore vessels for $200 million that will bolster offshore operations in the Middle East and Southeast Asia.The investment in the diversified fleet with an average age of around nine years is significantly less than the industry average. All ten...

The firm recently launched steps to optimize its cost structure.

Abu Dhabi, UAE - The National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organizations Committee (NAMLCFTC) and UAE supervisors, issued guidance on combating the use of unlicensed virtual asset service providers. Prepared by the supervisory subcommittee, the guidance aims to educate licensed financial institutions (LFIs) and...

ANAVIA focuses on developing unmanned helicopters.

Abu Dhabi, UAE - Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East Limited are working together in the first regional collaboration of its kind to develop digital fixed-income securities, paving the way for the introduction of a broader array of capital market use cases in the Middle East.The...

The company's adjusted EBITDA reaching $446.5 million.

Abu Dhabi, UAE - The non-oil trade volume between the UAE and Jordan has reached AED16.5 billion ($4.5 billion) in 2022, a 47.4% increase from 2021, the UAE news agency WAM reported on Wednesday.Non-oil UAE exports and re-exports reached about AED14.7 billion ($4 billion) in 2022.On Tuesday, Jordan King Abdullah...

Abu Dhabi, UAE - Setting up a "loss and damage" fund for poorer nations hit by climate change dominated preliminary talks on Tuesday, one month before COP28 in Dubai where delegates look set to tussle over the future of fossil fuels.Around 70 ministers have gathered since Monday at the Emirates Palace,...

The firms will continue to work closely on future global projects.

ABU DHABI, UAE - Trade between the two countries is on an upswing with volumes this year expected to surpass that of last year, Radha Krishna Panday, Ambassador of Canada to the UAE, told the Emirates News Agency (WAM).He said that the UAE has created a value-added platform that offers...

ABU DHABI, UAE -  Upcoming UN climate talks in Dubai will be open to the private sector on an unprecedented scale, the conference's chief said on Monday, calling it a chance to "reimagine entire economies".Sultan Al Jaber, the COP28 president and head of state-owned oil giant ADNOC, was speaking at the...

The company has issued a dividend of $1.3 billion.

Abu Dhabi, UAE - Mubadala has issued its first-ever Green Bond for US$750 million with a tenor of 10.5 years, at a yield of 6.03 percent and coupon at 5.875 percent. The issue saw strong demand from the market.The order books peaked at more than $6 billion with robust demand...

RIYADH, SAUDI ARABIA - GFH Capital is considering the offering of its unit in Saudi Arabia on the Tadawul.GFH Group's plans are unchanged with regard to listing in other markets, CEO Razi Al Murbati said.The group is listed on the stock exchanges of Bahrain, Dubai, Abu Dhabi and Kuwait, indicating...

Abu Dhabi, UAE – The UAE president Sheikh Mohamed bin Zayed Al Nahyan Thursday discussed climate financing with the President of the World Bank Group Ajay Banga at Qasr Al Shati in Abu Dhabi.The meeting also discussed global economic conditions, the economic impact of crises, and the contributions of the World...

The company gained from regional food processing.

Abu Dhabi, UAE--The UAE's Ministry of Interior and the Gulf Police Service hosted the seventh edition of the strategic dialogue focused on developing an efficient, multilateral framework for global police work.This dialogue serves as a global platform under INTERPOL's auspices, uniting regional police organizations and major intergovernmental bodies concerned with...

Abu Dhabi, UAE-- The UAE and Canada have reviewed bilateral ties at the first joint committee meeting in Abu Dhabi on Monday.The meeting was co-chaired by Reem Al Hashimy, UAE's Minister of State for International Cooperation, and Mélanie Joly, the Minister of Foreign Affairs of Canada.During the meeting, both sides...

ABU DHABI, UAE - Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the integrated trade, logistics, and industrial hub of Abu Dhabi announced the signing of a land lease agreement with Advanced Petro Services (APS), a leading provider of specialised services in the energy industry.KEZAD’s world-class industrial ecosystem is equipped with...

ABU DHABI, UAE – Emirati Minister of Economy Abdullah bin Touq Al Marri has announced that the Gulf Cooperation Council (GCC) countries will roll out a unified Gulf tourist visa within the next two years which will grant travelers, access to six countries.Al Marri said the seventh meeting of GCC...

Abu Dhabi, UAE - Aldar Properties achieved a 97% occupancy rate across its prime Grade A commercial properties, which includes its four buildings at Abu Dhabi Global Market (ADGM), HQ, and International Tower, the company said today.Occupancy rates at the towers located at ADGM, the international financial centre on Al...

It's net profit was AED 26.5 million ($7.21m) in Q3 2023.

Abu Dhabi, UAE – UNCTAD's 8th World Investment Forum came to a close on Friday in Abu Dhabi with a powerful call to public and private investors to play a role in reshaping the world economy, and seize the emerging opportunities offered by the energy transition, transformation of the agrifood...

Its revenues rose 77% to US$92m in the same period.

The bank reported total revenue of $5.6 billion.

"The Gulf country is set to host the WTO's 13th Ministerial Conference in the first quarter of 2024 in Abu Dhabi. This event will position the UAE at the epicenter of discussions shaping global trade's future. Ossa underscored that this conference ranks among the most significant events in the WTO's...

ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative foreign direct investment from the United Arab Emirates to Turkey has surged to $5.6 billion (AED 20.6 billion) from 2002 through August 2023.Speaking to the WAM during the eighth edition...

ABU DHABI, UAE - Archer Aviation on Tuesday announced that it has entered into an agreement with Abu Dhabi Investment Office (ADIO) with plans to commence air taxi operations in Abu Dhabi in 2026.As part of this initiative, ADIO plans to support Archer with incentives for establishing its first international...

ABU DHABI, UAE - Chairman of the Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi has said that investors from over 170 countries have chosen the UAE to invest, grow and expand over the past decade.He said that this reaffirms the trust of the global investment community...

ABU DHABI, UAE - Al Seer Marine, a subsidiary of Abu Dhabi-based International Holding Company, has announced the takeover of the very large gas carrier (VLGC) North Gas.This strategic move marks the second VLGC delivery under the US$134 million (AED495 million) deal signed by ABGC DMCC, a joint venture (JV)...

Abu Dhabi, UAE -- The Abu Dhabi Investment Office (ADIO) announced that Marakeb Technologies will become the first anchor company to develop maritime applications in the Emirate’s new smart and autonomous vehicle industry (SAVI) cluster. Centred in Masdar City, the cluster provides facilities and value-added services within an enabling regulatory...

It is the first crypto entity to be listed on a Middle East bourse.

ABU DHABI, UAE - The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), has signed a Memorandum of Understanding (MoU) with South Korea to enhance their bilateral air transport relations.This MoU includes an agreement to increase the number of national carrier flights between the two countries to...

"While the world has abundant funds, there's a need for innovative strategies to channel them into vital sectors like sustainable development, renewable energy, and the blue economy," she adds while sharing her optimism for the World Investment Forum (WIF) in Abu Dhabi, scheduled between October 16 and 20, 2023.

Abu Dhabi, UAE - Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse will invest US$8 billion in Malaysia to develop up to 10 gigawatts (GW) of renewable energy projects by 2035.  To this end, Masdar signed an MoU with Malaysian Investment Development Authority (MIDA). The project will include ground...

ABU DHABI, UAE – Al Etihad Payments (AEP), a wholly-owned subsidiary of the Central Bank of the UAE (CBUAE), and NPCI International Payments Limited (NIPL), have announced a strategic partnership to develop the UAE’s first national Domestic Card Scheme (DCS).The agreement was exchanged between Saif Humaid Al Dhaheri, Assistant Governor...

Abu Dhabi, UAE--The UAE Cybersecurity Council will organise the Regional Cybersecurity Week 2023 from October 8-12, under the title "Cybersecurity Innovation and Industry Development."The event will be held in cooperation with the International Telecommunication Union (ITU) and the Arab Regional Cybersecurity Centre (ARCC).More than 100 experts and speakers from 70...

ABU DHABI, UAE - In the first seven months of the year, hotel establishments in the UAE generated revenues of US$7 billion (AED 26 billion), said Abdullah bin Touq Al Marri, Minister of Economy and Head of the Emirates Tourism Council.The hotels witnessed a growth of up to 24 percent...

ABU DHABI, UAE - Emiratis are casting their votes on Saturday, the main day of the Federal National Council elections, to select 20 candidates for the 40-member FNC.This is the first time that Emiratis have been able to vote online, and many have shared their joy at being able to...

ABU DHABI, UAE – ADNOC on Thursday announced the final investment decision (FID) and award of contracts for the Hail and Ghasha Offshore Development project.The project aims to operate with net zero carbon dioxide (CO2) emissions, reinforcing ADNOC’s legacy of responsible energy production and supporting its Net Zero by 2045...

Abu Dhabi, UAE-- The Arab Development Establishment (ARDECO) has revealed that it is in talks with several international companies in the oil and gas sector to establish joint ventures boosting Abu Dhabi's industrial base.Yousef Al Nowais, CEO of the Arab Development Establishment (ARDECO), said the joint ventures will help support...

They will conduct a study to build a direct air-capture facility.

ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC carbon capture unit at Fertiglobe’s 100 percent owned nitrogen fertilizer plant in the Al Ruwais Industrial Complex here.Fertiglobe was formed as a strategic partnership between ADNOC and OCI Global.The CycloneCC...

Abu Dhabi, UAE - Global demand for all forms of energy is forecast to rise by 25% through 2045, according to Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC).“By 2045, the world's energy demand is expected to increase by 25% from current levels, as the...

Abu Dhabi, UAE-- The UAE will produce 19.8 gigawatts of clean energy by 2030, Suhail bin Mohamed Al Mazrouei, Minister of Energy and Infrastructure, told a global audience of energy leaders at opening of ADIPEC 2023, which convened today under the theme of ‘Decarbonising. Faster. Together.’Speaking at ADIPEC’s ministerial panel...

President of the upcoming COP28 climate talks Sultan Al Jaber, also the head of UAE state-owned oil firm ADNOC, told an oil conference that the fossil fuel industry would play an essential role in addressing the crisis. "This industry has been viewed as part of the problem, that it's not...

Statistical estimates published by the Statistical Centre Abu Dhabi said the construction sector grew by 19.1 percent in the second quarter and contributed 8.8 percent to the UAE capital's GDP during the quarter.

Abu Dhabi, UAE - Abu Dhabi International Progressive Energy Congress (ADIPEC) 2023 begins today here to deliberate decarbonization of the energy system and to collaborate on the energy system of tomorrow.ADIPEC 2023 is expected to attract more than 160,000+ attendees from 164 countries for its biggest edition ever.The Congress will...