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First Abu Dhabi Bank, Mastercard introduce virtual corporate debit card

The virtual cards can be created for single- or multiple-use

Abu Dhabi’s ADNOC announces discovery of new natural gas resources offshore

Estimates indicate that the reserve of raw gas discovered is between 1.5–2 TSCF

First Abu Dhabi Bank, Etihad and Visa to launch sustainability-linked credit card

The credit card will reward members for making sustainable choices, while providing options to offset emissions for their spending

Abu Dhabi’s EDGE Group appoints ADQ’s group CIO as new CEO

Mansour Mohamed AlMulla is also a board member of the Abu Dhabi National Energy Company, Abu Dhabi Ports Company, Abu Dhabi Global Market, and Etihad Aviation Group

Seha Ettihad Heroes Healthcare Centre in Abu Dhabi

Abu Dhabi opens dedicated children’s Covid-19 vaccination centre

The Ettihad Heroes Healthcare Centre will specialise in providing Covid-19 vaccines to children aged 3 to 16 years

First Abu Dhabi Bank reports 19% rise in group net profit for 2021

Its total assets exceeded Dhs 1 trillion, marking a 9 per cent year-on-year increase

ADNOC

UAE oil producer ADNOC may aim for $5bn of bonds this year

Crude has surged around 14 per cent this year to more than $85 a barrel

Sheikh Khalifa issues new law to regulate family business ownership in Abu Dhabi

The law is not applicable to family-owned businesses where non-family members own more than 40 per cent of shares

UAE’s top oil producer forms entity to sell bonds for first time

ADNOC said the new entity “intends to closely monitor market conditions and explore potential funding opportunities”

Abu Dhabi’s GlobalOne Healthcare increases stake in Alvotech

Iceland-based Alvotech develops and manufactures biosimilar medicines

UAE’s Chimera Capital announces second close of VC fund at $10bn

The fund will target businesses with a focus on fintech, AI, life sciences, consumer internet and B2B sectors

Etihad

Abu Dhabi’s Etihad offers talabat users option to offset carbon emissions with every order

In partnership with CarbonClick, the project will offset each ride made by a talabat rider through Etihad Guest’s Miles on the Go programme

UAE’s Aldar signs agreement with EWEC to promote clean energy adoption

Via the agreement, 100 per cent of Aldar’s owned and managed operating assets will be powered by EWEC’s clean energy sources for up to five years

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UAE’s Securities and Commodities Authority approves GCC’s first SPAC regulatory framework

The framework will provide international investors with access to growth opportunities

Fund in Abu Dhabi tracking Saudi shares is a first for Gulf ETFs

The fund tracks the S&P Saudi Arabia Shariah Liquid Top 30 35/20 Capped Index

Abu Dhabi

UAE intercepts two missiles over Abu Dhabi

The missiles were reportedly fired by the Houthi group. No injuries have been reported

UAE’s Masdar looks to deals for growth

Masdar wants to generate 50 gigawatts of clean power by 2030

Abu Dhabi plans solar, water plants in drive for net-zero target

The emirate will build two solar plants and two waste-to-energy plants, adding 2.15 gigawatts of power

Abu Dhabi’s Masdar, ENGIE sign agreement with Fertiglobe to develop green hydrogen

The three companies will study the development, design, financing, operation, and maintenance of an industrial-scale facility in Al Ruwais, Abu Dhabi

Tadweer

Abu Dhabi’s Tadweer signs four contracts worth Dhs235m

These include the complete management of controlled waste landfills as well as pest control services in the emirate

Abu Dhabi Global Market

Abu Dhabi Global Market becomes world’s first carbon-neutral international financial centre

ADGM purchased and retired all its 2021 carbon credits via the Rimba Raya project in Indonesia

Etihad corporate conscious choices

Abu Dhabi’s Etihad launches green loyalty programme for corporates

Corporate Conscious Choices has been developed around initiatives such as sustainable aviation fuel investments, green surcharge fares and carbon offsets

UAE’s Aldar to reduce carbon emissions by 80,000 tons annually across assets

It will enable Aldar to save approximately Dhs40m per year in energy consumption costs

Masdar Green REIT signs green financing commitment with First Abu Dhabi Bank

FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator and account bank for this transaction

Aldar properties

Aldar to develop Dhs1.8bn The Sustainable City – Yas Island project in Abu Dhabi

The community will span an area of 397,000 sqm in Yas North, with construction scheduled to commence in Q4 2022

Abu Dhabi’s Masdar to explore renewable energy export from Indonesia to Singapore

Singapore is looking to import as much as 4 GW of low-carbon electricity by 2035

UAE security

UAE says it “reserves right to respond” to Houthi militia attack in Abu Dhabi

The UAE added that those responsible for the targeting of its civilian facilities on Monday will be held accountable

Abu Dhabi’s Taqa and EWEC price first green bond linked to solar PV plant

The $700m placement is the largest green bond issued in the region

Abu Dhabi Police confirms explosion of three petroleum tankers

Preliminary investigations suggest that the cause of the fires are small flying objects, possibly belonging to drones

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Sporting tours with Eric Cantona are offered by this Abu Dhabi startup

Looking FC offers four-day journeys designed by Cantona that take visitors on a sporting pilgrimage to discover worldwide football locations