ABU DHABI, UAE -  UAE Ministry of Economy organized two workshops, in Arabic and English, to promote the awareness of suspicious transactions among traders and business owners in the gold and precious stones sector.The workshops, through the Department of Anti-Money Laundering, also made the traders and business owners aware of...

Abu Dhabi, UAE--Emirates Development Bank (EDB) has signed a memorandum of understanding (MoU) with the Abu Dhabi Department of Economic Development’s Industrial Development Bureau (IDB) to continue its support of the Financial Ecosystem Programme.The MoU signing took place on the first day of the at Make It in the Emirates...

ABU DHABI, UAE - The Ministry of Industry and Advanced Technology (MoIAT) and MEXT signed a memorandum of understanding (MoU) to implement the UAE’s Industrial Technology Transformation Index (ITTI) and deploy the index overseas for the first time.The move is part of the UAE's efforts to accelerate decarbonization and digitalization...

Abu Dhabi, UAE - Eight new projects were announced on Thursday during the Make it in the Emirates Forum in Abu Dhabi. The Abu Dhabi Investment Office (ADIO) and its partners signed Memorandum of Understanding with high-growth companies covering key areas, including manufacturing, banking, oil & gas, pharmaceuticals, and healthcare...

Abu Dhabi, UAE - The UAE and Switzerland have discussed opportunities for cooperation between the Abu Dhabi Public Prosecution Office and the Swiss Public Prosecution Office and the means to develop the services provided.Ali Mohammed Alblooshi, Attorney-General of Abu Dhabi, met with Stefan Blatler, Attorney-General of Switzerland and Massimo Badji,...

ABU DHABI, UAE - UAE Ministry of Industry and Advanced Technology (MoIAT) has signed a Letter of Intent (LoI) with Shahin in a move towards sustainable industrial development and promoting electric mobility.The LoI, signed at the Make it in the Emirates Forum on Wednesday, underlines the country’s commitment to decarbonization...

Shares in UAE state oil company ADNOC's logistics unit soared 50 percent as they hit the market in a $769 million initial public offering on Thursday. The listing comes just weeks after ADNOC floated its gas unit in a $2.5 billion IPO in March.

Abu Dhabi, UAE -- Strata Manufacturing (Strata) and Mohammed Bin Rashid Space Centre (MBRSC) have established a local satellite component manufacturing of aluminium honeycomb panels for the first time. This partnership is a step towards localization.in the UAE's space industry.Strata Manufacturing will play a vital role by supplying locally built...

“Cities such as Dubai and Abu Dhabi have rapidly established themselves as the hospitality destination of choice for business and leisure. Emirates such as Ras Al Khaimah are also heavily investing in these sectors, offering international tourists diverse offerings across the leisure and entertainment sectors,” he adds.

Abu Dhabi, UAE - ADNOC signed deals with more than 60 UAE-based and international companies to locally manufacture key non-oil products in its supply chain, local media reports said.The deals were signed at the Make it in the Emirates Forum in Abu Dhabi, and bring ADNOC closer to its target...

"As a result of our ongoing evaluation of effective security cooperation with all partners, two months ago, the UAE withdrew its participation in the Combined Maritime Forces," a statement carried by the official WAM news agency said. The Bahrain-headquartered CMF was established in 2001, initially as a partnership between 12...

Dubai, UAE - Flat6Labs, a seed and early-stage venture capital firm in the MENA region, has invested $10.2 million in start-up funding in Abu Dhabi. The investments were made through the Flat6Labs Ignite Program, which is a specialized seed program dedicated to supporting start-ups in Abu Dhabi.The program, in partnership...

Abu Dhabi, UAE: The UAE on Tuesday issued three new decisions to further smoothen implementation of the Corporate Tax in the country which is set to come into force on June 1. These include fresh rules on tax grouping, interest capping, and unincorporated partnerships.Younis Haji Al Khouri, Undersecretary of the...

ABU DHABI, UAE  -  The Economic Integration Committee held its second meeting this year and discussed a range of key economic issues, including access to legislation supporting the growth of new economy sectors in the UAE.The meeting was chaired by Abdullah bin Touq Al Marri, Minister of Economy, and attended...

Abu Dhabi, UAE - Falcon 40B, the UAE’s first large-scale open-source, 40-billion-parameter AI model launched by Abu Dhabi’s Technology Innovation Institute (TII) last week, soared to the top spot on Hugging Face’s latest Open Large Language Model (LLM) Leaderboard.Hugging Face, an American company seeking to democratize artificial intelligence through open-source...

ABU DHABI, UAE - Abu Dhabi Quality Conformity Council (QCC) has joined Setup in Abu Dhabi, a comprehensive SME enabling platform, to support SMEs, providing local businesses with guidance and services related to export product standards and compliance.Setup in Abu Dhabi was  launched by Creative Zone in 2022 in collaboration...

ABU DHABI, UAE - Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei headed the UAE delegation to the Development Road Conference in Iraq.The one-day conference brought together transport ministers and officials from the Gulf Cooperation Council, Iran, Turkey, Syria and Jordan and representatives of the European Union and...

ABU DHABI, UAE -  Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the UAE, signed a Memorandum of Understanding (MoU) with Paraguay’s Development Finance Agency (Agencia Financiera de Desarrollo, AFD).The signing was witnessed by José Agüero Avila, Ambassador of Paraguay to the...

The Gulf, with its millions of South Asian residents and migrant workers, is a "huge market" for Bollywood, said industry expert Akshaye Rathi, director of the Aashirvad Cinemas chain. "These kinds of events don't overcome a crisis overnight," Rathi told AFP ahead of the 23rd IIFA, the second edition in...

The goal is to simplify establishing the initial balance sheet, guaranteeing a fair method for managing assets and liabilities preceding the new Corporate Tax system implementation.

ABU DHABI, UAE - The UAE Ministry of Interior (MOI) and Etihad Rail Company, the developer and operator of the country's national railway network, have signed a Memorandum of Understanding (MoU) to enhance cooperation and strategic coordination between them.The MoU was signed by Under-Secretary of the Ministry of Interior Major...

Development and operation of the Mirfa 2 Reverse Osmosis Independent Water Project, and the running of six power and water plants in the country are also a part of ENGIE's investments.

Dubai, UAE -- ADNOC and Abu Dhabi National Energy Company (TAQA) Wednesday announced the award of a strategic investment project estimated at up to $2.4 billion (AED 8.8 billion) to provide sustainable water supply for ADNOC’s onshore operations.The project will develop a centralized seawater treatment facility and transportation network for...

Abu Dhabi, UAE - EDGE, a technology and defence group, on Tuesday announced the acquisition of an 80 percent stake in MARS Robotics, a leader in autonomous robotic solutions based in Jordan.MARS Robotics will work closely with EDGE’s Advanced Concepts, which focuses on the rapid design, development, and deployment of...

Abu Dhabi, UAE-- In order to advance the United Nations Social Development Goals, the UAE institutional investors should concentrate on transition investment, taking advantage of their access to emerging markets.This is the conclusion of a NYU Abu Dhabi (NYUAD) report. The annual report "Transition Investment Lab (TIL)" was launched during...

Abu Dhabi, UAE - AD Gaming has expanded its gaming ecosystem by welcoming MY.GAMES to Abu Dhabi, marking the latest multinational gaming business to select the emirate as its regional hub.Headquartered in Amsterdam, MY.GAMES is a leading publisher and developer of mobile, PC, and console games, with over one billion...

ABU DHABI, UAE -   The Abu Dhabi Judicial Department (ADJD) discussed legal and judicial issues with a delegation from Norway.The Norwegian delegation was given a tour of the main building of ADJD, introduced to all divisions and courts and to the different sections and chambers of the courts.This move is...

Abu Dhabi, UAE - Abu Dhabi National Energy Company (TAQA) has announced a collaboration with the Government of Uzbekistan to explore strategic opportunities for investment in Uzbekistan’s power sector.These opportunities include new and existing power plants as well as associated power infrastructure which collectively could be worth more than$3 billion.A...

Abu Dhabi, UAE-- Mubadala will continue to advance the UAE's knowledge-based economy in a way that contributes to solutions for critical global challenges in sectors such as health innovation, the climate emergency and future energy sources.This was stated by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister...

ABU DHABI, UAE -  The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has launched an ambitious program to develop and sustain beekeeping and honey production in the Emirate.The program is based on scientific, applied studies and research to develop the best methods and practices suitable for the UAE environment.In...

ABU DHABI, UAE -  A senior UAE official of the Ministry of Energy and Infrastructure (MoEI) visited Germany and the Netherlands to reinforce existing partnerships and discuss common goals, energy transition, technology deployment and potential projects.Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs MoEI visited Germany and the Netherlands....

Abu Dhabi, UAE - Mubadala Investment Company invested AED 107 billion ($29 billion) in sectors that shape the future, including life sciences, renewable energy, and digital infrastructure, the company reported in its 2022 financial results, surpassing global benchmarks despite a challenging economic environment. It participated in significant deals in the healthcare...

ABU DHABI, UAE -  UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and Burjeel Holdings have signed a Memorandum of Understanding (MoU) regarding specialized healthcare services for MoFAIC employees and their families.The memorandum was signed by Abdullah Mohammad Al Blooki, Assistant Undersecretary for Support Services Affairs at MoFAIC and...

Abu Dhabi, UAE - Bank investments in the UAE hit $147 billion by the end of February, the highest level in the country's history, a report by the Central Bank of the United Arab Emirates revealed.The report, issued on Thursday, showed a YoY growth of 15.2 percent in the month...

ABU DHABI, UAE -  Abu Dhabi Future Energy Company (Masdar) has announced that it has nearly doubled its clean energy capacity and CO2 displacement in just two years.Masdar said that it is on track to fulfill its ambition of becoming one of the world’s largest renewable energy companies by 2030.According...

The convicts were found guilty of engaging in economic activity using the provision of credit facilities through points of sale (POS) without obtaining a license from competent authorities. The court sentenced four accused, who were present during the trial and others at large in absentia to prison ranging from five...

Abu Dhabi, UAE -- The UAE has said that the second Make it in the Emirates Forum is an open invitation to investors from around the world to launch their businesses in the UAE.“The second Make it in the Emirates Forum will showcase unique opportunities, incentives, and enablers for entrepreneurship...

The 10-year sukuk was priced with a 4.875% coupon rate.

ABU DHABI, UAE -  The Central Bank of the UAE (CBUAE) imposed administrative sanctions on eight banks operating in the UAE.The administrative sanctions take into account the banks' failures to comply with the CBUAE's instructions not to grant any loans or credit facilities to the beneficiaries of loans granted by...

Alcoa is now EGA's largest third-party supplier of alumina.

Abu Dhabi, UAE-- Iran is keen to boost transportation ties with the UAE and has invited investors from the country to take part in transportation projects in the Islamic Republic.In this connection, Iran Minister of Roads and Urban Development, Mehrdad Bazrpash, met with Sheikh Mansour Bin Zayed Al Nahyan, the...

ABU DHABI, UAE - First Abu Dhabi Bank (FAB) is hosting a one-day summit that brings together aviation thought leaders and industry stakeholders to explore economic development opportunities as the sector transitions to net-zero. The Aviation Sector Summit, held in collaboration with Boston Consulting Group (BCG), consist of talks, panel...

Oil alone will make up almost 29 percent of the world’s energy needs by 2045, requiring an investment of over $500 billion each year to maintain a steady supply, Al Ghais said.

ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor Market Award, organized under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court.The award aims to recognize the efforts...

ABU DHABI, UAE - Emirates Development Bank (EDB) displayed its flexible and customized financing solutions in the Annual Investment Meeting, held at ADNEC here, local media reports said.The two-day event served as a platform for networking and connecting with experts, investors, companies, and SMEs.EDB's CEO, Ahmed Mohamed Al Naqbi, said:...

Its profit vaulted to US$150 million in Q1 of 2023

ABU DHABI, UAE - Masdar has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a major international knowledge project setting out the means to triple global renewable energy capacity by 2030.During the UAE Climate Tech Forum in Abu Dhabi, Mohamed Jameel Al Ramahi, CEO of...

ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S) announced on Thursday it has signed an agreement with SeaOwl for the design of unmanned Remotely Operated Vessels (ROV).The ROVs are capable of transporting vehicles, equipment and supplies to and from offshore sites, reports say.The innovative design of the ROV...

As per pact, e& is a cornerstone shareholder of Vodafone.

Abu Dhabi, UAE - ADNOC and Baker Hughes announced Wednesday a deal to accelerate the development and commercialization of technology solutions for green and low-carbon hydrogen, as well as graphene.The agreement will see ADNOC collaborate with Baker Hughes as a strategic partner to study and pilot, the deployment of innovative...