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Air Arabia Egypt launches service to Marseille

Air Arabia Egypt to launch new service between Cairo and Marseille

The service will commence from December 16

126-activities-added-to-Tajer-Abu-Dhabi

Abu Dhabi’s Fertiglobe reports 84% rise in adjusted net profit for Q3 2022

The company’s Q3 2022 revenues increased 52 per cent year-on-year to total $1.32bn

Abu Dhabi’s Adnoc acquires 24.9% stake in OMV

ADQ, Veolia, Vision Invest acquire ADNOC Refining’s waste management operations

ADQ, Veolia, and Vision Invest will own and operate two waste management plants, which sustainably treat and dispose of industrial waste generated from across ADNOC’s operations

ADNOC awards $4bn agreements for integrated drilling fluids services

ADNOC awards $4bn agreements for integrated drilling fluids services

The agreements were awarded to ADNOC Drilling Company, Schlumberger Middle East and Halliburton Worldwide Limited Abu Dhabi

ADNOC's offshore operations

ADNOC, India’s Gail sign MoU to explore LNG supply opportunities

Both companies will examine short and longer term LNG supply and trading optimisation opportunities

Middle East KFC operator set for Abu Dhabi, Riyadh dual listing

Americana Restaurants International received approval to sell a 30 per cent stake, or 2.53 billion shares

Alpha Dhabi reports nine-month results for 2022

Alpha Dhabi announces net profit of Dhs9bn for first nine months of the year

The holding company’s revenues also grew significantly, standing at Dhs26.6bn, which represents a year-on-year increase of 133 per cent

Abu Dhabi Airports

Abu Dhabi Airports unveils new brand identity

The new corporate identity underpins future growth plans for the airports operator

Borouge

Abu Dhabi’s Borouge reports 13.5% rise in nine-month revenue

The company’s revenue for the three months ending September 30, grew 8 percent year-on-year to equal $1.67bn

First Etihad Airways flight using SAF departs Tokyo

Flight EY871 departed Tokyo Narita airport at 3pm on Thursday, October 27

First Abu Dhabi Bank reports 19% rise in nine-month net profit

The bank’s total income for the first nine months of the year stood at Dhs18bn, up 13 per cent year-on-year over the previous year

ADIB reports highest quarterly net profit for Q3 2022

ADIB reports highest quarterly net profit for Q3 2022, crossing Dhs1bn

The bank registered Dhs2.45bn in net profit for the first nine months of 2022

UAE's Masdar acquires UK-based Arlington Energy to expand footprint

UAE’s Masdar acquires UK-based Arlington Energy to expand footprint

The acquisition will support Masdar’s offshore wind and renewables investment strategy

Abu Dhabi's ADCB reports 22% rise in net profit for first nine months of 2022

Abu Dhabi’s ADCB reports 22% rise in net profit for first nine months of 2022

The bank posted a 10 per cent rise in net interest income, totalling Dhs7.275bn

Abu Dhabi Global Market

Aliph Capital secures $125m investment from Abu Dhabi’s ADQ

Aliph Capital will seek to acquire sizeable positions in privately owned mid-market companies across the GCC

Former head of Portuguese national carrier named CEO of Etihad Aviation Group

Antonoaldo Neves succeeds Tony Douglas, who will serve during his transition period as an advisor to the board of ADQ Aviation and Aerospace Services Company

Mubadala Capital acquires US-based TruFood

Abu Dhabi’s Mubadala Capital acquires US-based TruFood

Financial details of the transaction were not disclosed

Masdar and Germany’s Uniper to build green hydrogen plant in UAE

Emerge signs agreement to develop solar plant to power Khazna data centre in Masdar City

The plant will have an installed capacity of 7-megawatt peak and will provide electricity to the Khazna Abu Dhabi 6 facility

etihad-airways-and-armani-casa-launch-world-first-luxury-partnership

Etihad Airways, Armani/Casa partner to deliver a premium travel experience

Launching onboard in December, the partnership will further enhance Etihad’s premium offering, exclusively curated with designer Giorgio Armani

Bayanat announces intent to list on ADX

Abu Dhabi G42-owned Bayanat announces intent to list on ADX

The subscription period for the listing will open on October 21 and close on October 25

Abu Dhabi Data Program

New ‘Abu Dhabi Data Program’ to help emirate’s government entities leverage data to drive growth

Abu Dhabi Data Program aims to harness data powered by a future-ready cross-government technology backbone built on UAE’s national sovereign cloud

Abu Dhabi Islamic Bank launches ‘small business finance’ to support SMEs

The lender aims to offer a financing solution up to Dhs1.5m to support developing needs of businesses

Etihad Airways launches inaugural flight to Guangzhou

Abu Dhabi’s Etihad Airways launches inaugural flight to Guangzhou

 The new twice-weekly service will be operated via a two-class Boeing 777

Abu Dhabi Accountability Authority launches internal audit platform at Gitex Global

Abu Dhabi Accountability Authority launches internal audit platform at Gitex Global

The integrated AI-based digital platform is a centralised database that connects the auditing departments of Abu Dhabi government entities

Healthcare provider Burjeel soars in debut of scaled-down IPO

Burjeel Holdings rose 20 per cent to almost Dhs2.4 in Abu Dhabi

ADNOC

ADNOC Drilling awarded $1.53bn contract to help expand ADNOC’s offshore operations

Over 80 per cent of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme

Abu Dhabi Securities Exchange adds stock futures to derivatives market

Abu Dhabi Securities Exchange adds five single stock futures to derivatives market

From October 6, stock futures on Abu Dhabi Islamic Bank, Abu Dhabi Commercial Bank, Fertiglobe, Borouge and AD Ports will be available for trading on the derivatives market

Wizz Air restarts fligths to Moscow

Wizz Air Abu Dhabi offers 15% discount on select flights

The discount will be on selective flights to and from Abu Dhabi until December 14, for bookings made between October 6 and 7

Free parking and Darb in Abu Dhabi for Prophet’s birthday

Free parking and Darb in Abu Dhabi this weekend for Prophet’s birthday

Private sector employees across the UAE will have a holiday on Saturday, October 8

Hub71

Abu Dhabi’s Hub71 appoints new deputy CEO

Ahmad Ali Alwan has been a founding member of Hub71 since 2019