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Abu Dhabi

JPMorgan, FAB poised to win roles on IPO of ADNOC drilling unit

ADNOC is looking to sell a minority stake in its drilling unit in a deal that could value the business at up to $10bn

Electromagnetic Compatibility

Abu Dhabi gets Arab world’s first electromagnetic compatibility labs

The facility includes three laboratories: an EMC semi-anechoic chamber, a pulsed power laboratory, and a low-noise emanation lab

Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank posts 125% rise in Q1 net profit

Its revenue increased 3.3 per cent to Dhs1.33bn

Abu Dhabi

Abu Dhabi records Dhs11.5bn real estate transactions in Q1 2021

The value of mortgages exceeded Dhs6.5bn generated from 2,092 transactions

Abu Dhabi Murban crude set at $63.35 a barrel on June futures

The official selling price for Murban is determined based on futures trading on the ICE Future Abu Dhabi exchange

Abu Dhabi National Energy Company TAQA

Abu Dhabi’s TAQA completes $1.5bn dual-tranche bond sale

Net proceeds from the sale of the notes will be used to repay outstanding debt

Abu Dhabi

Abu Dhabi updates Covid-19 testing and quarantine rules for vaccinated citizens and residents

The new rules effective Monday, May 3, require vaccinated citizens and residents to show proof of their jabs on the Alhosn app

Wizz Air Abu Dhabi to operate twice-weekly flights to Greece

Starting April 19, permanent residents of the UAE can enter Greece without being quarantined

Seychelles pays $1 to acquire Etihad’s stake in its flag carrier

Etihad accepted a 79 per cent haircut on $72.3m of debt owed by Air Seychelles Ltd

Abu Dhabi Ports

Abu Dhabi Ports issues $1bn 10-year bond

The issuance was more than 4.5 times oversubscribed

Seha drive-through Covid-19 vaccination

New drive-through Covid-19 screening and vaccination centre opens in Al Ain

SEHA also announced the closure of its drive-through screening center in Al Masoudi effective Friday May 30, 2021

Tiktok Abu Dhabi

Abu Dhabi tourism department partners with Tiktok

The tourism department has launched its Tiktok channel called Visit Abu Dhabi

Abu Dhabi, OCI said to pick banks for IPO of fertilizer venture

The company could be valued at about $7bn including debt in the listing

Etihad Airways partners with Team Nigma

UAE’s Etihad becomes first major airline to sponsor an esports team

Team Nigma will be relocating to Abu Dhabi, under their partnership with AD Gaming

ADCB

Abu Dhabi Commercial Bank reports Dhs1.121bn in Q1 net profit, up 436 per cent y-on-y

Operating expenses of Dhs1.061bn decreased 20 per cent year-on-year and 1 per cent sequentially

Miral Yas Island Oracle Cloud

Abu Dhabi’s Miral selects Oracle Cloud for ERP, HCM applications

Miral is the developer behind Ferrari World Abu Dhabi, Yas Waterworld and Warner Bros. World Abu Dhabi

Abu Dhabi adds nine countries, including the UK, to its ‘green list’

Passengers arriving from the green list destinations are exempt from mandatory quarantine measures

How Abu Dhabi is developing an entire gaming ecosystem

Abu Dhabi plots a path to gaming hub status

Abu Dhabi’s Mubadala announces $1.5m annual funding for conservation

Funding will go to Mohamed bin Zayed Species Conservation Fund to protect endangered species

ABu Dhabi Pfizer-BioNTech vaccine

Abu Dhabi now offering Pfizer-BioNTech vaccine; updates list of centres for free jabs

Prior appointments are necessary to avail of the Pfizer-BioNTech jabs

Etihad Airways

Etihad begins IATA Travel Pass trials on flights from Abu Dhabi to North America

The pass allows users to create a ‘digital passport’ to receive Covid-19 test results and verify they are eligible to undertake their journey

UAE’s G42 sets up data JV with Israel’s Rafael

Group 42 signed an agreement with Rafael to form Presight.AI and plans to establish a research and development center in Israel

Abu DHabi

Abu Dhabi issues two PPP tenders to private sector

The projects include the construction of three schools and a street lighting upgrade programme

Wizz Air Abu Dhabi’s inaugural flight touches down in Israel

The route between Tel Aviv and Abu Dhabi will operate thrice a week in April 2021

Covid-19 vaccine 93% effective at preventing hospitalisation – Abu Dhabi study

In case of contracting the infection after vaccination, patients have mild symptoms and do not require admission to a hospital or an ICU

Saadiyat

Abu Dhabi issues first district cooling licence to Saadiyat Cooling

The licence was issued to provide services to Saadiyat Island, including Saadiyat Beach, and Saadiyat Cultural District

Sheikh Mohammed bin Rashid Al Maktoum

Sheikh Mohammed launches National Behavioural Reward Programme

It aims to incentivise positive behaviour through a point-based system that can be used in payments for government services

UAE’s ADNOC keen to explore hydrogen market with India’s public, private sectors

Dr. Al Jaber said the UAE is well placed to capitalise on the potential of Hydrogen as a zero-carbon fuel

etihad

Air Seychelles in talks with Etihad Airways to end alliance

The Seychelles government is set to become the sole owner of the airline

Uber UAE

Uber offers free rides for Covid-19 vaccinations at Mediclinic centres in Dubai and Abu Dhabi

Its latest initiative is supported by Dubai’s Road and Transport Authority and Abu Dhabi’s Integrated Transport Centre