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Mubadala kkr tie-up

Davos 2023: Mubadala says Emirates Global Aluminium IPO may happen this year

A listing of the company this year would follow a boom for IPOs in the region that started in 2022 and fetched almost $23bn

ADNOC begins work on new carbon capture and storage project

Abu Dhabi’s ADNOC begins work on new carbon capture and storage project

Once operational, the project will initially fully sequester a minimum of 18,000 tons per annum of carbon dioxide

Abu Dhabi opens new clinical trials unit to boost medical research

The new unit will conduct research and trials focused on key disease areas

World Future Energy Summit is hosted by Masdar and is part of Abu Dhabi Sustainability Week

Abu Dhabi Sustainability Week 2023: World Future Energy Summit opens on Jan 16

A summit highlight is the new one-day ENOWA ENACT conference on January 17 from the energy, water, and hydrogen subsidiary of NEOM

UAE President Sheikh-Mohamed bin Zayed Al Nahyan issues law to establish Abu Dhabi Media Office _photo WAMcourtesy

UAE President issues law establishing Abu Dhabi Media Office

The new entity will form strategic partnerships with local, regional, and international media organisations to advance Abu Dhabi’s media sector

Ferrari

Ferrari World Abu Dhabi’s new mega-coaster is now open to public

Mission Ferrari brings the park’s offerings to over 44 Ferrari-inspired attractions

Mubadala

Mubadala, US-based Resilience to manufacture biopharma in UAE

As part of the agreement, Mubadala will construct the new facility, where Resilience will manufacture biopharmaceutical-related products

ADNOC

Abu Dhabi’s ADNOC sets up new gas processing, operations and marketing entity

ADNOC Gas will serve domestic and international customers with an expanding portfolio of gas products

Aldar, Diamond Developers launch sales for The Sustainable City – Yas Island project

Construction of the project will commence in Q2 2023, with first handovers expected in Q4 2025

EAD launches new digital system for compliance checks

The Environment Agency – Abu Dhabi launches new digital system for environmental and compliance checks

The system allows EAD inspectors to comprehensively review any aspect of an organisation’s activities that can cause potential environmental harm

Flat6Labs, Wio Bank ink MoU to enhance SME-centric banking services in Abu Dhabi

In addition to banking services, Wio Bank will provide experts and mentors to support startups in Flat6Labs Ignite’s programme

NYE Sheikh Zayed Festival courtesy WAM

Abu Dhabi: More than one million visitors visit Sheikh Zayed Festival to watch fireworks

The largest fireworks display lasted for more than 40 minutes, with more than 3,000 drones in the air during the show

Environment Agency – Abu Dhabi imposes Dhs328,000 administrative fines on environmental legislation violators

The largest fine issued to date was Dhs50,000, and was imposed for discharging materials into the marine environment

Dana Steel Kezad sign agreement

Kezad Group, Dana Steel ink agreement to establish steel rolling complex

The agreement with KEZAD Group marks Dana Steel’s first venture in Abu Dhabi

Ben Crompton is the managing partner of Crompton Partners

The outlook for Abu Dhabi’s real estate sector in 2023

Abu Dhabi can expect to see modest single-digit growth in property valuations and rents across most sectors

Hasan Jasem Al Nowais, Chief Executive Officer of Mubadala Health

Mubadala Health, ADPF to launch personal health programme for pensioners

The programme will provide all ADPF-registered pensioners with comprehensive annual check-ups at Mubadala Health’s healthcare facilities

Modon Properties launches two waterfront destinations in Al Dhafra

Modon Properties unveils two integrated waterfront destinations in Al Dhafra

The two integrated waterfront destinations are adjacent to Modon’s eco-tourism campsite project, Bab Al Nojoum – Al Mugheirah Resort

Abu Dhabi’s Adnoc acquires 24.9% stake in OMV

Abu Dhabi’s ADNOC acquires 24.9% stake in OMV

Through this investment in OMV, who hold a 75 per cent stake in Borealis, ADNOC will increase its shareholdings in both Borealis and Borouge

Ferrari World Abu Dhabi to launch mega-coaster in January 2023

Ferrari World Abu Dhabi’s new mega-coaster to launch in Jan 2023

Mission Ferrari will provide a 5D rollercoaster experience that includes the world’s first sideways coaster drop

KEZAD signs lease agreement with Star Paper Mill

Abu Dhabi’s KEZAD signs lease agreement with Star Paper Mill

The agreement is for the establishment of a new facility to manufacture recycled Kraft Paper Jumbo reels to serve a growing demand for biodegradable packaging papers

Abu Dhabi transfers Tadweer to ADQ portfolio

The transfer complements ADQ’s energy and utilities portfolio and its efforts in supporting the nation’s circular economy

Etihad appoints former TAP Air Portugal executive as CFO

Etihad appoints former TAP Air Portugal executive as CFO

Raffael Quintas will be succeeding Adam Boukadida, who has left Etihad after nine years to pursue a new role

Etihad to increase frequency on Abu Dhabi-New York route

Etihad to increase frequency on Abu Dhabi-New York route

The carrier will offer a total of 28 weekly services this summer between Abu Dhabi and the US

ADNOC awards $4bn agreements for integrated drilling fluids services

Abu Dhabi’s ADNOC Drilling purchases two offshore jack-up rigs for $200m

The company aims to operate a total fleet of at least 122 owned rigs by 2024

Americana, Luberef IPO managers set to share $74m in fees

Americana and Luberef IPOs take the proceeds of Gulf listings this year to over $20bn

Abu Dhabi Police signs MoU with Burjeel Holdings

A privilege card will be issued to the employees of Abu Dhabi Police and their families, enabling them to seek treatment in hospitals under Burjeel Holdings

Lenskart

Abu Dhabi Investment Authority to invest in eyewear retailer Lenskart

ADIA is in advanced talks with Lenskart to invest $350m to $400m at a valuation of $4.5bn

Etihad Airways to deploy four A380s on Abu Dhabi-London route from 2023

The return of A380s will be supported by the addition of five A320 aircraft

ADNOC, TAQA and Mubadala complete transaction to acquire Masdar stakes

Abu Dhabi’s ADNOC, TAQA and Mubadala complete deal to acquire Masdar stakes

Masdar targets a minimum of 100GW in renewable energy capacity and the production of up to one million tons of green hydrogen by 2030

Togo

Abu Dhabi Exports Office signs Dhs92m financing agreement with Togo

The cooperation seeks to increase Mohammed bin Zayed Solar Park’s production capacity in the country from 50 megawatts to 70 megawatts