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New Takaful provider

Dubai, Abu Dhabi companies to merge to create new Takaful provider

The merged company would benefit from cross-selling opportunities via increased geographic footprint and via capitalising on larger underwriting capacity

air arabia gujarat

Air Arabia Abu Dhabi to begin flights to Indian city in Gujarat

It represents the seventh city in India that Air Arabia Abu Dhabi will connect with direct services

Adnoc

Adnoc, Borealis seek $2bn from IPO of plastics JV

The state-owned energy company and Austrian chemicals producer plan to sell a 10 per cent stake in their Borouge plastics unit by the end of the quarter

Suez Canal Economic Zone

UAE’s Masdar signs agreements to develop green hydrogen plants in Egypt

Egypt hosts abundant solar and wind resources that enable renewable power generation at competitive costs

Etihad

Abu Dhabi’s Etihad reduces carbon footprint by 56% between 2018-2021

Etihad aims to reach net zero emissions by 2050

Eid holidays

Eid Al Fitr 2022: Holidays declared for private sector employees in UAE

They will either receive a four- or five-day weekend contingent on the sighting of the moon which will indicate the end of Ramadan

Abu Dhabi invests in Egyptian firms to help shore up economy

Egypt’s central bank held a special policy meeting in March and hiked interest rates for the first time since 2017

Binance receives in-principle approval from Abu Dhabi Global Market

Upon completion of the application, Binance will be able to offer services regarding virtual asset offerings to customers across the MENA region

Etihad Airways could post annual profit for 2022, ahead of plan, CEO says

Tony Douglas confirmed that the carrier turned profitable in the first quarter

Abu Dhabi

Abu Dhabi reports 21.5% growth in new economic licences in 2021

There were 24,077 commercial sector licences issued in 2021, up 21.4 per cent year-on-year

Covid-19

Abu Dhabi: Covid-19 testing requirements outlined for private school students

ADEK has confirmed that all students, including those who are unvaccinated, must return to their campus in the new term

Plastic bags

Abu Dhabi to ban single-use plastic bags from June 1

The Environment Agency – Abu Dhabi will also phase out single-use styrofoam cups, plates and food containers by 2024

AirArabia-Abu-Dhabi-

Air Arabia Abu Dhabi to begin flying to additional destination in India

The low-cost carrier will start flights to the capital of Rajasthan on May 5, 2022

Abu Dhabi

Abu Dhabi’s non-oil real GDP grew 4.1% in 2021

Non-oil activities contributed 49.7 per cent of the GDP at constant prices last year

UAE developer FAM Holding plans Abu Dhabi second market listing

The company has been converted into a private joint-stock firm with a capital base of Dhs50m

Abu Dhabi’s twofour54 launches new offering for broadcasting and gaming sector

Twofour54’s new flexible, technology-driven solutions can enable production cost savings as high as 80 per cent, says the company

How Abu Dhabi is offering an expansive portfolio of affordable communities

The emirate’s sustainable communities come with high projected rental yields

ADX, FTSE Russell benchmark blue chip index to launch on March 30

The FTSE ADX 15 Index will include 15 of the largest and most liquid companies listed on the Abu Dhabi Securities Exchange

Abu Dhabi Global Market

World’s first regulated carbon credit trading exchange to launch in UAE

Corporates will be able to trade and finance carbon credits like conventional financial assets

bikes abu dhabi

Abu Dhabi issues new rules for use of bicycles, micro-mobility devices in the emirate

The new rules govern the use of as well as the supply or rental of these devices to individuals and companies

Abu Dhabi: Bloom Holding’s Cordoba sells out in four hours

Cordoba, which is part of the first phase of Bloom Living in Abu Dhabi, is scheduled for completion by the fourth quarter of 2024

Abu Dhabi’s Multiply Group to invest Dhs367m in DEWA IPO

In 2021, Multiply Group acquired stakes in UAE-based assets and international high growth firms such as Firefly, Savage X Fenty, Getty images and Viola

UAE: Unit 2 of Barakah nuclear energy plant starts commercial operations

Unit 2 adds a further 1,400MW of clean electricity to the national grid

Alpha Dhabi invests Dhs367m in DEWA’s IPO

The investment has been made through its subsidiary Alpha Dhabi Partners Holding

Khalifa University first in UAE to make courses globally available on Coursera

The university joins top institutions in Saudi Arabia and Jordan to make relevant content accessible to online learners

Etihad Airways

Etihad: New co-branded credit card gives complimentary gold tier status

The Emirates NBD Etihad Guest Visa Credit Cards are available as Elevate and Inspire variants

Natural History Museum Abu Dhabi

Abu Dhabi to open Natural History Museum in 2025

The museum, currently under construction, is located in the Saadiyat Cultural District

Abu Dhabi’s ADQ, Turkey Wealth Fund launch $300m venture capital fund

The fund will invest in companies developing emerging technologies or improving existing ones in key sectors

ADNOC

Abu Dhabi’s ADNOC signs agreements with German companies to collaborate on clean hydrogen

The partnerships build on ADNOC’s position in Asian clean hydrogen markets

Abu Dhabi Fund for Development opens five colleges in Jordan

The colleges were built with ADFD funding worth Dhs80.3m