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e& increase stake in Vodafone Group

UAE’s e& raises stake to 14% in Vodafone

The telecom operator, which initially acquired a 9.8 per cent stake in Vodafone for $4.4bn in May 2022, said its investment rationale remains unchanged

DCT Abu Dhabi signs MoYU with Inpex fpr teamlab Phenomena Abu Dhabi sponsorship

TeamLab Phenomena Abu Dhabi receives ¥1bn in sponsorship deal from Japan’s Inpex Corporation

The Department of Culture and Tourism – Abu Dhabi has signed an MoU with Inpex subsidiary, Japan Oil Development, for the sponsorship deal for teamLab Phenomena Abu Dhabi

ADNOC- Gas IPO

ADNOC Gas eyes $2bn from world’s biggest IPO this year

ADNOC is selling a 4 per cent stake in ADNOC Gas, with each of the 3.07 billion shares being offered at between Dhs2.25 and 2.43

Abu Dhabi Fund _photo courtesy WAM Wam

How Abu Dhabi Fund’s first development project in Nigeria will serve the community

The project is expected to stimulate commercial activities and improve transport links between the main cities in the country

Air Arabia Abu Dhabi

Air Arabia Abu Dhabi to launch direct flights to these Iraqi cities

The carrier currently serves a total of 31 destinations from Abu Dhabi International Airport

Emirates Palace

Abu Dhabi’s Emirates Palace Hotel gets a new name

The beachfront property has been officially rebranded, and includes the region’s first vegan rooms

Edge Group acquires Gradeone

Abu Dhabi-based Edge Group acquires 70% stake in Gradeone

Gradeone, which has partnerships within the defence, rescue, and security sectors, will join Edge’s Trading and Mission Support cluster

ADNOC Gas

ADNOC Gas announces intent to list 4% stake on ADX

More than three billion shares will be offered in the IPO

ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Marketing Egypt

ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Marketing Egypt

The deal includes a downstream portfolio of 240 fuel retail stations, more than a 100 convenience stores, and over 250 lube changing stations

Abu Dhabi economy achieves 10.5% growth in first 9M of 2022

Abu Dhabi economy shows 10.5% growth in first nine months of 2022: SCAD

Non-oil sectors contributed 50.3 per cent to the GDP, with an increase of Dhs39bn compared to the same period in 2021 to reach Dhs417.3bn in total by the end of Q3 2022

Abu Dhabi to deploy laser-based technology to measure vehicle emissions

Abu Dhabi to begin clinical trials to develop new thalassemia treatment

The trials will be conducted at Burjeel Medical City, and will include clinical, radiologic, and laboratory assessments

Air Arabia Abu Dhabi to launch direct route to Kolkata

Air Arabia Abu Dhabi to launch direct route to Kolkata

The new service to Kolkata will mark the carrier’s seventh destination in India

Aldar Manarat Living

Aldar unveils Manarat Living on Saadiyat Island in Abu Dhabi

Apartments are available for purchase from February 9

Abu Dhabi to deploy laser-based technology to measure vehicle emissions

Abu Dhabi to deploy laser-based technology to measure vehicle emissions

The three-week study will detect and quantify emissions from moving vehicles in real time at six locations in Abu Dhabi

Abu Dhabi Chamber launches new strategy to boost economy

Abu Dhabi Chamber launches new strategy to boost economy

The chamber has focused on six strategic objectives, in its 2023-2025 strategy

Abu Dhabi's Etihad Airways to increase flights to Frankfurt

Abu Dhabi’s Etihad Airways to increase flights to Frankfurt

The new services will increase the total number of weekly flights to the German destination to 11

National

National Marine Dredging Group achieves 30% growth in net profit during 2022

The group’s total assets increased to Dhs16bn, an increase of 24 per cent compared with total assets at December 31, 2021

Ardian

Buyout firm Ardian to open in Abu Dhabi to tap sovereign wealth

The company, with $25bn of assets and $8bn of capital in the region, will start with 10 employees in Abu Dhabi and may look to hire more

Air Arabia Abu Dhabi launches direct flights to Amman

Air Arabia Abu Dhabi to launch direct flights to Amman

The new service will connect Abu Dhabi International Airport to Queen Alia International Airport

developer portal

Abu Dhabi Islamic Bank reports 55% rise in net profit for 2022

The lender reported revenue worth Dhs6.8bn in 2022, up 23 per cent year-on-year

Wizz Air Abu Dhabi transports over 1.2 million passengers in 2022

Wizz Air Abu Dhabi transports over 1.2 million passengers in 2022

Wizz Air currently flies to a total of 36 destinations to 25 different countries from Abu Dhabi

First Abu Dhabi Bank reports highest ever net profit in 2022

First Abu Dhabi Bank reports highest ever net profit in 2022

The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021

AD Ports Group

AD Ports Group signs MoU with Türkiye’s Tosyalı

The agreement will enable collaboration across shipping, logistics, freight forwarding and port management

Abu Dhabi hotels enjoy a good year in 2022_GettyImages-1316754718

Abu Dhabi hotels generate Dhs5.4bn in revenue in 2022

The average revenue per available room was Dhs263, up 19 per cent

Aldar announces record sales for period ending Sept 30, 2022

UAE telcos partner with Aldar Properties to deliver advanced services

By virtue of the agreement, both service providers will deliver telecommunications infrastructure for the developer’s major projects

Teh sustainable City - Yas Island first phase sold out

The Sustainable City – Yas Island’s first phase sold out, sales value crosses Dhs1bn

A total of 512 homes were available during the first phase of the project, with 76 per cent of the units purchased by expatriates, of which 24 per cent were overseas investors

Wizz Air Abu Dhabi's inaugural flight lands in Turkiye

Wizz Air Abu Dhabi’s inaugural flight lands in Turkiye

Flights from Abu Dhabi to Ankara will operate on Tuesdays, Thursdays and Saturdays

Etihad Airways to double flights on Abu Dhabi-Jakarta route

Etihad Airways to double flights on Abu Dhabi-Jakarta route

The flights will be operated using Etihad’s fleet of Boeing B787 and B777 aircraft

Masdar

UAE’s Masdar targets $750m bond sale

The firm plans to grow its renewables capacity five-fold by the end of the decade

ADNOC Distribution, Taqa partner to offer EV charging points across UAE

ADNOC Distribution, Taqa partner to offer EV charging points across UAE

The E2GO joint venture will play a critical role in delivering EV charging infrastructure across Abu Dhabi