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Abu Dhabi studying next-generation nuclear to make hydrogen

Hydrogen is considered a promising replacement for fossil fuels in the energy transition

Abu Dhabi’s Etihad Cargo launches Forever Home for animal rescues

Forever Home builds on Etihad Cargo’s existing animal welfare and conservation policy

Saudi Arabia maintained its position in the top 50 global rankings

Abu Dhabi records Dhs71.5bn of real estate transactions in 2021

There were a total of 14,958 sales and mortgage transactions, with Yas Island topping the list with Dhs4.1bn in real estate deals

mSME enabling platform, Setup in Abu Dhabi, launched

Setup in Abu Dhabi’s 25 partners, including ADIO, Twofour54, Masdar, Khalifa Industrial Zone, ADDED, Telr and Hub71, will support the platform

ADNOC awards framework agreements worth $1.94bn to boost drilling

The framework agreements cover ADNOC’s onshore and offshore fields and will run for five years with an option for an extension

DCT Abu Dhabi, Airbnb seal deal to boost holiday home sector in the emirate

Airbnb will launch a dedicated responsible hosting page on the platform, helping hosts follow local rules for holiday homes

Fertiglobe announces $340m dividend after Q4 2021 results

The company, a joint partnership between Abu Dhabi’s ADNOC and the Netherlands-based OCI, reported a revenue rise of 113 per cent to $3.31bn in 2021

Abu Dhabi Vaccine tourism

Abu Dhabi International Airport receives 5.26 million visitors in 2021

The airport handled 711,715 tonnes of freight in 2021

ADNOC, Borealis hiring banks for IPO of plastics joint venture

Borouge manufactures plastics used in everything from automobiles and food packaging to medicine vials and piping systems

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Abu Dhabi updates travel green list, adds Turkey

The list now has 72 destinations in total

UAE’s Aldar to receive $1.4bn investment from Apollo Global Management

The deal will see Apollo take a direct minority stake in Aldar Investment Properties at its net asset value

Abu Dhabi opens new urgent care centre for Covid-19 patients

The unit at Al Rahba Hospital is open daily from noon-10pm will provide cater to patients referred by Prime Assessment Centers in the emirate

UAE government awards Yahsat $247.5m for enhanced managed services

The five-year agreement builds on previous operations and maintenance services provided to the UAE government

Abu Dhabi’s Taqa Group reports net income of Dhs6bn for 2021

The group’s revenue was Dhs45.7bn, 11 per cent higher than the previous year

UAE’s ADQ, Alpha Dhabi, Etisalat and FAB to launch next-gen banking platform

Wio will offer customers in the UAE a fully digital banking choice with tailored products and services to meet their lifestyles and needs

Abu Dhabi to house zero-waste wholesale food trading hub

The food hub will assemble wholesale buyers, sellers, logistics players and distributors from across the world

UAE’s Alpha Dhabi Holding posts Dhs5.1bn in net profit for 2021

The company reported revenues of Dhs18.8bn

ADNOC announces $548m contract for a new main gas line at its lower Zakum field

ADNOC Drilling announces net profit of $604m for 2021

Revenue for the full year was $1.14bn, up 6 per cent over 2020, largely driven by new rigs and rig reactivations

Abu Dhabi: The 2022 edition of UMEX and SimTEX to return this month

The hybrid event will take place at Abu Dhabi’s ADNOC Business Centre

Aldar

Abu Dhabi’s Aldar achieves annual property sales of Dhs7.2bn in 2021

The company reported a preliminary full year net profit increase of 21 per cent

Abu Dhabi’s Aldar awarded development project contracts worth Dhs8.5bn in 2021

The company signed 16 contracts with UAE-based companies to support the National ICV programme

Abu Dhabi Ports surges on debut after $1.1bn share sale

In 2021, Abu Dhabi Ports handled 45 million tons of general cargo volumes

AD Ports Group

Abu Dhabi-based Al Seer Marine invests Dhs1.2bn in AD Ports Group

With this investment, Al Seer Marine has received a 7.36 per cent stake in Abu Dhabi Ports

AD Gaming partners with Attarius Network to underpin Abu Dhabi’s gaming sector

Via the agreement, Attarius will help developers in Abu Dhabi build blockchain-based games

Abu Dhabi

AD Ports Group lists shares on Abu Dhabi Securities Exchange

The company will commence trading on the main exchange from February 8

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Abu Dhabi-based French language school boosts security infrastructure with Fortinet

The school had to comply with their internal education auditing team as they store a significant amount of data ranging from financial to personal information

Vatican Embassy UAE

Abu Dhabi: Vatican opens embassy in UAE

The new Apostolic Nunciature in the UAE’s capital comes 15 years after the two countries established diplomatic relations

Power Letters 2022: Murshed Al Redaini, group CEO, Yas Holding

UAE-based investment firm Yas Holding – which has diversified operations across several industries including education, agriculture and healthcare – will continue its focus on leveraging technology and innovation to fuel its growth and expansion

Aldar Education Aldar Academies

Abu Dhabi’s Aldar to invest Dhs1bn in education portfolio

It aims to increase the student capacity in Aldar Education’s owned and managed schools to over 40,000 seats by the 2024-2025 academic year

Abu Dhabi-based Yahsat wins Dhs24m contract to build naval satcom systems

Yahsat will design, deliver and integrate advanced satellite communication solutions for Abu Dhabi Ship Building