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Guy Hutchinson to step down as CEO of Rotana (Image: Supplied by Rotana)

Guy Hutchinson to step down as CEO and president of Rotana

After nearly a decade at the Abu Dhabi-headquartered hotel management company, he will be leaving the group in early 2024

New Abu Dhabi industrial licences surge 16.6% in H1 2023

New Abu Dhabi industrial licences surge 16.6% in H1 2023

Capital investments by manufacturers operating in the emirate grew by Dhs12.4bn to Dhs384.1bn over the same period

ADNOC, TABREED advance efforts for geothermal energy

ADNOC, Tabreed announce advances in effort to harness geothermal energy

Leveraging geothermal heat for district cooling operations has the potential to reduce electricity demand helping decarbonise an energy-intensive sector

ADNIC H1 2023 earnings

ADNIC reports net profit of Dhs204m in H1 2023

ADNIC in its earnings release reported its underwriting profitability continued to be robust with a combined ratio of 87.60 per cent and a net insurance service profit of Dhs178.1m

KBBO Group debt pile

Abu Dhabi revises hotel fees to boost hospitality sector

The change, which follows directives from the Abu Dhabi Executive Council, is set to take effect from September 1

AD Ports Food Hub Image Image Ad Ports

How AD Ports’ logistics cluster is supporting global trade

Qusai Kankazar, chief operations officer of AD Ports’ Logistics Cluster, tells us how the group is growing its global presence while bolstering its regional operations

Bloom Arjaan by Rotana

Bloom Holding partners with Rotana for hotel apartment on Saadiyat Island

The property is being developed to combine the comforts of a home and the convenience of a hotel and easy access to Saadiyat Island’s attractions

Yahsat reinforces presence in China image WAM

UAE’s Yahsat reinforces presence in China

The Asia Pacific region is amongst the main international markets for the company due to its popular solutions, which includes Thuraya’s MarineStar

ADIB finances UK real estate assets worth $128m in H1 2023

ADIB finances UK real estate assets worth $128m in H1 2023

The banking group has closed senior financing transactions worth more than GBP650m over the past five years

DCT Abu Dhabi

DCT Abu Dhabi, Air France-KLM partner to boost connectivity

The partnership expands Abu Dhabi’s global connectivity through daily flights to Paris

US NSA Jake Sullivan in UAE

US National Security Advisor Jake Sullivan in UAE to meet President Sheikh Mohamed

The importance of joint action to ensure peace and stability in the Middle East was discussed at the meet

ADFD Tanzania sign loan agreement Image ADFD

Abu Dhabi Fund for Development finances Dhs110m energy security project in Tanzania

The project’s financing will reduce energy import dependency, stimulate economic activities, develop existing industries and create job opportunities for the population

ADNOC Gas awards $3.6bn contract to boost gas processing

ADNOC Gas invests $3.6bn to boost gas processing capabilities

The project seeks to increase ethane extraction from the company’s existing onshore facilities in the Habshan complex

ADQ to open next gen greehouse in ADQ Image ADQ twitter

Abu Dhabi’s ADQ, Safe Haven Solutions to construct high-tech greenhouse in KEZAD

The new project will use advanced technology to sustainably cultivate tomatoes and cucumbers year-round in the UAE

Abu Dhabi International Airport - UAE megaprojects

Abu Dhabi International Airport passenger traffic rises 67% in H1 2023

The airport welcomed 10,258,653 passengers during the first half of the year

Agthia Group posts 6.6% first-half profit rise to Dhs144m

Agthia Group posts 6.6% increase in first-half profit to Dhs144m

The group’s revenues in the six months to June 30 surged by 10.3 per cent year-on-year to Dhs2.2bn

Etihad Airways adds Boston to its US network

Etihad Airways adds Boston to its US network

The airline will operate flights to Boston four times a week with its Boeing 787-9 Dreamliner aircraft

Abu Dhabi's ADQ, IHC look to merge with Q Holding Image GettyImages-1366647006

ADQ, IHC Capital propose merger with Q Holding to create $12bn entity

The proposed transaction would create one of the largest real estate, hospitality, events and catering platforms in the region

e& c

Abu Dhabi’s e& enterprise concludes majority stake acquisition in Beehive

The telecom company announced it was acquiring 63.3 per cent of the peer-to-peer lending platform in May

Aldar boosts education portfolio investment to $368m

Aldar boosts investment in education portfolio to $368m

The expansion plan includes the establishment of Cranleigh Bahrain and the acquisition of Kent College Dubai and Virginia International Private School in Abu Dhabi

Abu Dhabi DMT announces H1 real estate transactions Image Abu Dhabi DMT

Abu Dhabi real estate sector records over Dhs46.33bn in deals in H1 2023

Al Saadiyat Island topped the list with transactions worth Dhs3bn, with Yas Island coming in at second place with transactions worth Dhs2.6bn

Carbon markets

Abu Dhabi firm plans to raise $250m for carbon fund

Carbon markets are witnessing a shift, with new guidelines and greater oversight after a boom in demand

UAE President’s brother Sheikh Saeed bin Zayed

UAE President’s brother Sheikh Saeed bin Zayed passes away

The Presidential Court declared a three-day official mourning period for Sheikh Saeed bin Zayed with flags flown at half-mast

Masdar to co-invest in Germany’s EUR1.6bn Baltic Eagle wind farm

Masdar, Iberdrola to invest in Germany’s $1.8bn Baltic Eagle wind farm

The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours, enough to power 475,000 homes

Image: Twitter / Etihad Airways

Etihad Airways among most punctual airlines in Middle East for H1 2023

Four million passengers will fly with Etihad over the summer months via its home base in Abu Dhabi

FAB’s quarterly profit up 61% on higher rates

FAB’s quarterly profit up 61% on higher rates

The banking group’s operating income reached Dhs6.8bn in Q2 2023, a 37 per cent YoY increase from the same period a year earlier

ADCB

ADCB’s Q2 2023 net profit jumps 23% to Dhs1.93bn

The bank said its strong performance was driven by broad-based income growth and improved efficiency metrics

OYO to add 2000 apartments in Abu Dhabi

Hospitality tech firm OYO adds 2000 apartments in Abu Dhabi

The ready-to-move-in accommodations provide fully managed long-term housing rental spaces for professionals

Abu-Dhabi based Multiply Group invest in EIG GettyImages-1331237787

Air France to commence daily direct flights to Abu Dhabi from Paris

It will begin operations on the route from October 29, 2023