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Strong cash flows for UAE stocks in Christmas Day trade

UAE stocks in Dubai and Abu Dhabi recorded strong cash flows on Monday, surpassing Dhs1bn in market liquidity

Institutional investors were hungry for Dubai, Abu Dhabi Stocks in 2023

Institutional investors dominated the UAE equity market in 2023, capturing nearly 78 per cent of total trading activity on the Dubai and Abu Dhabi bourses

Sam Altman of OpenAI

OpenAI in talks to raise new funding at $100bn valuation

The terms, valuation and timing of the funding round have not yet been finalised and could still change

Sheikh Zayed Grand Mosque. (Source: WAM)

67 million visitors for Abu Dhabi’s Sheikh Zayed Grand Mosque

Ever since opening on 20 December 2007, the mosque has seen millions of visitors come to see the iconic building

ADNOC signs 15-year LNG supply deal with ENN Natural Gas

ADNOC signs multi-year LNG supply deal with China’s ENN Natural Gas

The deal is subject to a final investment decision including regulatory approvals and reaching a definitive sale and purchase agreement

ADX FADX 2022

PureHealth soars 69% after nearly $1bn IPO in Abu Dhabi

Shares in PureHealth traded at Dhs5.5 on Wednesday as the Abu Dhabi market opened against an IPO offer price of Dhs3.26 per share.

GCC region M&A blazes trail as global deals decline

UAE’s Bayanat and Yahsat agree potential Dhs15bn merger

The merger is subject to regulatory and shareholder approvals and is expected to close in the second half of 2024

Abu Dhabi to ‘buy’ stake in key Turkish port: Reuters

ADPorts Group could invest in an entity established by the Turkey Wealth Fund to run the Aegean coast port of Izmir, reports Reuters.

KUWAIT RULER

UAE declares 3-day mourning period to condole Kuwait Emir Sheikh Nawaf’s death

The mourning period has been confirmed for three days, during which flags will be flown at half-mast across all official departments within the country

Winter weather

UAE: Winter weather brings rain, mist with minimum temperatures dropping below 10 degrees C

Winter weather has set in with slight rain and mist along with windy conditions forecast for the weekend

Abu Dhabi launches free Hala Wi-Fi across emirate

Abu Dhabi launches free Hala Wi-Fi across emirate

The initiative is provided in collaboration with UAE service providers and offers public Wi-Fi coverage in various locations

abu dhabi road closure

Abu Dhabi: 8 hour-long road closure for ADNOC marathon on Saturday

The ITC has released details of the closure that will follow the path of the marathon

James Hartt, director at ad gaming on the growth of abu dhabi as a gaming and esports powerhouse

Insights: Abu Dhabi strengthens its status as a global gaming and esports powerhouse

More than 70 game developers and esports teams are now based in the UAE capital, and this is set to grow rapidly over the coming years

Air Arabia Abu Dhabi launches flights to colombo

Air Arabia Abu Dhabi commences direct flights to Colombo

The airline will connect the UAE’s capital to Colombo with three flights a week on Wednesday, Friday, and Sunday

Michelin Guide Abu Dhabi 2024 Image supplied

Abu Dhabi: Here are the UAE capital’s latest Michelin starred restaurants

Erth, an Emirati restaurant is the latest entrant to the ‘star’ line-up

ADIO, Faraday Future partner to make electric cars in Abu Dhabi

ADIO, Faraday Future partner to make electric cars in Abu Dhabi

The company’s R&D centre in Abu Dhabi is aimed at accelerating the pace of AI and EV innovation for mobility applications

solar energy

UAE’s e& secures Dhs366m loan for green projects

The loan will be used to finance or refinance eligible sustainable development projects covering a range of areas, including renewable energy

UAE Union Day 2023: Free parking, toll announced in Abu Dhabi

Free parking, toll announced in Abu Dhabi for Union Day

ITC said surface parking will be free during the holiday from Saturday, December 2, until 7:59 a.m. on Tuesday December 5

Etihad Rail and ADNOC to launch passenger train service in Abu Dhabi Image courtesy Etihad Rail

Etihad Rail: Abu Dhabi announces new passenger train service

Based on the agreement with Etihad Rail, ADNOC employees will be able to travel between Abu Dhabi and Dhannah via the railway network in the future

Abu Dhabi with skyscrapers against fireworks in UAE

UAE National Day 2023: Where to watch the official show, fireworks in Dubai, Abu Dhabi

Abu Dhabi will host multiple venues that plan to put up a dazzling display in honour of the 52nd National Day

ETIHAD AIRBUS A380 SUPERJUMBO - to fly to NEW YORK

Etihad Airways to fly A380 on popular Abu Dhabi to New York route from April 2024

The US route becomes the second destination after London to enjoy the A380 experience since Etihad returned its superjumbo to the skies

Abu Dhabi International Airport - UAE megaprojects

Abu Dhabi Airports anticipates over 22 million travellers in 2023

Top international events and an increase in airport capacity is pushing up air passenger numbers

ADDED launches SME finance facilitator programme

ADDED launches SME finance facilitator programme

The programme aims to foster trust between SMEs and financial institutions, and lead to collaborative credit assessment

ADGM - JP MORGAN

JP Morgan to expand payments, corporate banking services in Abu Dhabi

The bank had set up a legal entity in ADGM in 2021, but has had a physical presence in the UAE for more than a decade

ADNOC opens H2GO - the regions first high-speed hydrogen refuelling pilot station Image WAM

ADNOC unveils high-speed green hydrogen refuelling pilot station

The station, located in Masdar City, will produce green hydrogen from water, using an electrolyser powered by clean grid electricity

Les Roches-managed Hospitality Academy to open in Abu Dhabi Image supplied

Abu Dhabi: Les Roches managed hospitality academy to open in 2024

Les Roches ranks fourth in the world’s higher education institutions for hospitality and leisure management

NZ1 Masdar city's first net zero commercial building completed Image Masdar City

Introducing NZ1, the region’s first net zero commercial building

The building is designed to use 53 per cent less energy than conventional buildings and produce all of its annual energy requirements on-site

Etihad Airways plans to double passengers, fleet size by 2030

Etihad Airways plans to double passengers, fleet size by 2030

The carrier’s growth strategy signifies a pivotal turning point in the airline’s journey with a significant economic contribution to Abu Dhabi

GymNation buyout: original founders take back control

The ownership of UAE fitness brand, GymNation, has changed hands back to its founders following the conclusion of a buyout deal.

PureHealth to list on ADX image ADX

Abu Dhabi-based PureHealth announces intention to list on ADX

Subject to obtaining regulatory approvals and other relevant considerations it is expected that trading on ADX will commence in December