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Abu dhabi judicial

Abu Dhabi Judicial Department launches auction app to bid directly

The app also has the ability to bid directly from a distance and complete all procedures in easy steps, in accordance with established legal procedures

Adnoc borouge

ADNOC delivers fourth consecutive record-setting IPO on ADX

The retail offering, which attracted higher retail demand than any UAE IPO in nearly 20 years, was 74 times oversubscribed

Borouge

Borouge’s $2bn Abu Dhabi IPO draws $83bn of orders

Borouge’s shares will start trading on June 3

plastic bags

Single-use plastic ban in Abu Dhabi begins: Everything you need to know

Major retailers in the UAE such as Carrefour, Spinneys and Lulu are geared up to implement this by providing sustainable and eco-friendly alternatives

Etihad Airways becomes first airline to participate in World Energy’s net-zero program

Etihad CEO says India sales higher, optimistic on China rebound

Etihad’s aircraft are flying 77 per cent full across the network, around 2 percentage points higher than the occupancy level in May 2019

SEHA MOBILE VISA

SEHA launches mobile visa screening clinic service in Abu Dhabi

Abu Dhabi Health Services Company (SEHA) has launched a new Mobile Visa Screening Clinic that can visit employees at workplaces across the UAE capital

UAE Ministry issues resolution on bank guarantees and employees’ protection insurance

UAE: New classification system for private sector will determine cost of work permits

The cost of the permits will range from Dhs250 to Dhs3,450, depending on each company’s compliance with the country’s labour regulations and guidelines

ADNOC

Abu Dhabi’s ADNOC, Masdar deepen partnership with BP

ADNOC, BP and Masdar also agreed to explore the production of sustainable aviation fuels in the UAE

Air Arabia Abu Dhabi

Air Arabia Abu Dhabi to begin flights to Baku

The thrice-weekly flights between Abu Dhabi and Baku will commence on June 28

Two killed and over 100 injured in Abu Dhabi gas explosion

The explosion occurred at a restaurant in the emirate’s Al Khalidiya area

IPO

Offer price for Abu Dhabi’s largest ever listing set at Dhs2.45 per share

The IPO subscription period has commenced today, May 23, and will close for retail investors on May 28, 2022

abu dhabi court money laundering

Abu Dhabi: 79 people convicted of fraud, money laundering

The group comprised 72 Chinese nationals, one Jordanian, two Nigerians, two Cameroonians, one Ugandan and one Kenyan

Digital transformation

ADDED, SAP sign MoU to accelerate digital transformation in Abu Dhabi

Both parties will explore opportunities to enhance industry innovation and digital transformation, and and foster local digital competencies

ADNOC

ADNOC begins process to list Borouge on Abu Dhabi Securities Exchange

It intends to float 10 per cent of its petrochemicals joint venture that it entered into with Austria’s Borealis

UAE

UAE to more than double LNG export capacity with Fujairah plant

ADNOC has appointed McDermott International as design contractor and intends to award a contract for the construction of the plant in 2023

Sheikh-Khalifa

Sheikh Khalifa: UAE spent Dhs40bn in development projects under former President’s rule

Sheikh Khalifa became President of the UAE on November 3, 2004, and remained in that role until his death on May 13, 2022

Hub71

Abu Dhabi’s Hub71 welcomes 16 new startups to join ecosystem

The new cohort will have the opportunity to develop advanced technologies and gain access to the emirate’s innovation ecosystem

Air arabia abu dhabi

Air Arabia Abu Dhabi to begin seasonal flights to Tbilisi

The airline will connect Abu Dhabi to Tbilisi with thrice weekly direct flights starting June 16

Abu Dhabi’s Mubadala reports 2021 as strongest financial year ever

Mubadala invested Dhs125bn in 2021 in high-growth sectors including technology, life sciences and consumer goods

Abu Dhabi non-oil trade

Abu Dhabi’s non-oil foreign trade reached Dhs61.5bn in Q1 2022

Exports recorded a growth of 35 per cent year-on-year and were valued at Dhs24.449bn

airport

Abu Dhabi International Airport welcomes 2.56 million passengers in Q1 2022

The airport currently offers flights to 99 destinations across the globe on 26 airlines compared to 81 destinations on 18 carriers during Q1 2021

Emirates DCT Abu Dhabi

ATM 2022: Emirates signs MoU with DCT Abu Dhabi to boost tourism

The two partners will collaborate on advertising and cross promotional marketing campaigns, familiarisation programmes and promotional competitions

Solar Plant

UAE invites companies to bid for 40% stake in 1.5 GW solar plant

Abu Dhabi already has two solar parks that will have a capacity of 3.2 GW when fully operational

ADNOC Distribution

Abu Dhabi’s ADNOC Distribution reports Dhs671m in net profit for Q1 2022

ADNOC Distribution posted a 7.8 per cent year-on-year increase in EBITDA, totalling Dhs881m

Hellenic Development Bank

Mubadala extends co-investment partnership with Hellenic Development Bank of Investments

The Mubadala-HDBI co-investment partnership was first established in 2018 with an initial focus on minority direct private equity investments in Greek businesses

Etihad Airways

Abu Dhabi’s Etihad Airways performs 42 ecoflights over five days

Etihad Airways’ ecoflights tested a range of operational efficiencies and technologies

Flydubai

Flydubai to operate flights to select destinations from Dubai World Central from May 9

Passengers travelling from DWC will enjoy complimentary parking at the airport

Abu Dhabi

Abu Dhabi’s tourist attractions and events can now operate at full capacity

It has also approved an extension of the green pass validity period on the Al Hosn app from 14 to 30 days for those who are fully vaccinated

AD Islamic bank

Abu Dhabi Islamic Bank to set up asset management firm

The Shariah-compliant lender is also continuing to look at organic and inorganic growth opportunities for its banking business

TA’ZIZ, Reliance Industries Limited

UAE’s Ta’ziz, Reliance sign agreement for Ruwais chemicals project

These chemicals will be produced in the UAE for the first time creating new revenue streams and opportunities for local manufacturers