Sheikh Mohammed inaugurates renovated Al Shindagha Museum

Sheikh Mohammed inaugurates renovated Al Shindagha Museum in Dubai

Al Shindagha Museum features 22 pavilions that include 80 historic houses showcasing the development of Dubai and the UAE

UAE Governments Net Zero 2050 Charter Dubai Media Office

New UAE Governments Net Zero 2050 Charter a nod to collective climate action

The charter was signed on the sidelines of the UAE Cabinet meeting held on March 6

UAE's e& reports 7.4% rise in consolidated net profit for 2022

UAE’s e& posts 7.4% rise in consolidated net profit for 2022

The group’s aggregate subscribers reached 163 million last year, increasing 2.5 per cent over 159 million in 2021

UAE corporate tax exemptions.

MENA M&A activity smashes record to top 700 deals in 2022

Domestic deals represented 34 per cent of the total M&A value at $28.4bn while outbound deals led in value at $40.1bn

EFG Hermes Holding group CEO Karim Awad gives keynote speech at One on One Conference in Dubai

GCC is key investment hub for regional, global investors: EFG Hermes

The 17th EFG Hermes One-on-One Conference is being held at Atlantis, The Palm in Dubai from March 6-9

ADQ, IHC to create MENA's largest independent investment manager

ADQ, IHC to create MENA’s largest independent investment manager

The new investment manager aims to launch a series of multi-asset class funds to invest in private equity, venture capital, credit and public equities

UAE, Oman sign agreement to boost environmental preservation efforts

UAE, Oman sign agreement to boost environmental preservation efforts

Both sides will conduct joint research in the fields of environmental preservation

SLG Group opens manufacturing facility

Dubai’s SLG Group to build Dhs200m manufacturing facility in food security push

SLG Group’s new facility is the latest in a number of manufacturers producing and exporting foodstuffs globally from the Dubai Industrial City

John Cleese photo_Motivate Talent

British comedy legend John Cleese returns to Dubai Opera on March 18

Tickets for John Cleese’s show start at Dhs235 and are available on dubaiopera.com and www.platinumlist.net

AD Ports form new venture with Uzbekistan company Image courtesy Ad Ports Group media centre

AD Ports Group to drive presence in Uzbekistan logistics market via JV

AD Ports said the venture will offer a range of digital solutions to boost service integration and efficiency in Uzbekistan’s logistics market

International Boat Show

Dubai International Boat Show 2023 displays new innovations in marine industry

The show attracted more than 30,000 industry insiders who witnessed over 1,000 brands showcasing the latest advancements

Kuwait's Sheikh Ahmad Nawaf Al-Ahmad Al Sabah reappointed PM

Kuwait’s Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah reappointed PM

Sheikh Ahmed was first appointed as Prime Minister in July 2022

Dubai tourism dept relaunched carbon calculator Image courtesy Dubai-Media-Office

Dubai relaunches Carbon Calculator for hospitality sector

Nineteen ‘Sustainability Requirements’ have been put in place to establish a baseline across hotels in Dubai and unify hotels’ environmental practices

Saudi oil Europe

Saudi Arabia raises oil prices for Asia and Europe for April

Prices for US customers were left unchanged

IPO

Abu Dhabi says there’s more to come after year’s biggest IPO

A total of five IPOs in Abu Dhabi raised $5.37bn last year with state-related entities dominating the listings

UAE Italy sign agreements _President and Italian PM meet in Abu Dhabi March 2023 Photo courtesy WAM

UAE, Italy sign agreements, aim to strengthen partnership

The UAE and Italy signed an MoU to aid cooperation in the field of emissions reduction, new energy technologies, and low-carbon solutions

Alpha Dhabi FY 2022

UAE’s Alpha Dhabi sees net profit rise by 104% to Dhs10.6bn

The holding company’s revenue witnessed significant growth, reaching Dhs40bn, which represents an increase of 114 per cent year-on-year

Health survey

Healthcare: Transitioning from reactive to preventive care

Encouraging a proactive approach to healthcare rather than a reactive one is not only health-centric but kind on the pocket too

Abu Dhabi records Dhs77.6bn in real estate transactions in 2022

Abu Dhabi records Dhs77.6bn in real estate transactions in 2022

The emirate’s real estate sector recorded 9,010 sales transactions valued at Dhs23.5bn

UAE's Sultan Al Neyadi arrives at ISS to begin six-month space mission

UAE’s Sultan Al Neyadi arrives at ISS to begin six-month space mission

“I can’t be happier than this,” states Al Neyadi, in his first message from the International Space Station

ADNOC Gas raises $2.5bn from IPO

ADNOC Gas IPO raises $2.5bn, attracts $124bn in demand

The company increased the number of ordinary shares offered in the IPO to 3.8 billion on Monday, implying market capitalisation of Dhs182bn

ADNOC Drilling to acquire 10 hybrid rigs

ADNOC Drilling to acquire 10 hybrid power land rigs for $252m

The use of hybrid power land drilling rigs is an essential element of ADNOC Drilling’s decarbonisation strategy

Oman oil driller Abraj Energy hires banks for $500m IPO

Omani ministry signs nickel extraction agreement with UK’s Knights Bay

The first mining agreement is Oman’s first with a foreign investor

Drydocks World now an affiliate of Dubai Ports Authority media centre

New law establishes Drydocks World as Dubai Ports Authority affiliate

The law outlines the authority’s responsibilities, including planning and policy development for overseeing the emirate’s seaports and terminals

Shareek programme to suppport Saudi Arabia's private sector

Aramco, ACWA Power, SABIC to receive support from Saudi’s Shareek programme

The first wave of supported projects, which will have strategic impact on several economic sectors, will benefit from investments worth SAR192.4bn

Air Arabia Abu Dhabi to begin direct flights to Baku

Air Arabia Abu Dhabi to begin direct flights to Baku from Sept 13

The service will connect Abu Dhabi International Airport to Heydar Aliyev International Airport

Renewable energy in Saudi Arabia and UAE

UAE, Saudi Arabia lead GCC renewable energy investments: S&P Global

The Gulf states are accelerating the decarbonisation of their energy sectors by investing heavily in renewable energy

FAB facilitated over $9bn in sustainable projects

UAE’s FAB facilitated over $9bn in sustainable projects in 2022

More than half of FAB’s bond issuances in 2022 were in a ‘green’ format, with the bank aiming to further grow its range of sustainable offerings

Aramco, Geely and Renault venture

Saudi Aramco plans to set up powertrain JV with Renault, Geely

Aramco will be a minority stakeholder in the venture while Geely and Renault are expected to retain equal equity stakes

Saudi Aramco

Aramco completes acquisition of Valvoline’s global products business

The transaction expands Aramco’s lubricants business globally