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Abu Dhabi’s Adnoc acquires 24.9% stake in OMV

ADQ, Veolia, Vision Invest acquire ADNOC Refining’s waste management operations

ADQ, Veolia, and Vision Invest will own and operate two waste management plants, which sustainably treat and dispose of industrial waste generated from across ADNOC’s operations

uae traffic fine

In pics: UAE leaders, residents, citizens, offices celebrate Flag Day

The nation marked the 10th UAE Flag Day with flag-hoisting ceremonies held at government buildings, private offices and schools

ADIPEC 2022 concludes, event attended by 15,000 industry professionals

Held under the theme of ‘The future of energy: secure, affordable and sustainable’, ADIPEC brought together global leaders to discuss critical issues around energy security and sustainability

CBUAE launches new website

UAE Central Bank raises interest rate by 75 basis points

The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time

ADNOC awards $4bn agreements for integrated drilling fluids services

ADNOC awards $4bn agreements for integrated drilling fluids services

The agreements were awarded to ADNOC Drilling Company, Schlumberger Middle East and Halliburton Worldwide Limited Abu Dhabi

Empower

Dubai’s Empower increases IPO stake size from 10% to 15%

The company’s market capitalisation at listing is expected to be between $3.56bn and $3.62bn

AMAZON LAUNCHES INTELLECTUAL PROPERTY ACCELERATOR IN THE UAE

Amazon.ae reveals dates for ‘11.11’ sale

Amazon Prime members in the UAE can avail exclusive deals from November 1-8

Dubai telecom operator Du posts $87m net profit

UAE’s du reports 12.7% rise in net profit for Q3 2022

The increase in service revenues lifted the gross margin to 65.2 per cent compared to 62.2 per cent in Q3 2021

New UAE visa laws

Five things you should know about the new UAE visa laws

Earlier this year, the UAE cabinet announced major changes to the UAE visa system, which will result in simplified requirements and more benefits for visitors and residents

ADNOC's offshore operations

ADNOC, India’s Gail sign MoU to explore LNG supply opportunities

Both companies will examine short and longer term LNG supply and trading optimisation opportunities

Middle East KFC operator set for Abu Dhabi, Riyadh dual listing

Americana Restaurants International received approval to sell a 30 per cent stake, or 2.53 billion shares

UAE raises fuel prices for November 2022

The price of Super 98 has been increased to Dhs3.32 per litre

UAE's finance ministry amends some provisions of VAT law

UAE’s finance ministry amends some provisions of VAT law

The amendments were based on past experiences, challenges faced by various business sectors and recommendations received from relevant parties

UAE education provider Taaleem plans to raise $204m from IPO

Taaleem shares are expected to start trading on or around November 29, 2022

Wizz air

Wizz Air Abu Dhabi commences first flight to Kuwait

The new route will strengthen connectivity within the GCC

Empower reports robust growth of 41.3%

Dubai seeks to raise $362m from district cooling firm IPO

Empower will start taking investor orders for the IPO from Monday, with final pricing scheduled for November 9

Alpha Dhabi reports nine-month results for 2022

Alpha Dhabi announces net profit of Dhs9bn for first nine months of the year

The holding company’s revenues also grew significantly, standing at Dhs26.6bn, which represents a year-on-year increase of 133 per cent

Trading recycled plastic through Rebound Plastic Exchange

How trading recycled plastics will help build a sustainable future

To enable global circularity, UAE-based Rebound has launched a global B2B digital trading platform for recycled plastic

Abu Dhabi Airports

Abu Dhabi Airports unveils new brand identity

The new corporate identity underpins future growth plans for the airports operator

Dubai’s DFSA signs MoU with Bangladesh Securities and Exchange Commission

The agreement provides a framework for facilitating cross-border collaboration between the two authorities on supervision and enforcement actions

Borouge

Abu Dhabi’s Borouge reports 13.5% rise in nine-month revenue

The company’s revenue for the three months ending September 30, grew 8 percent year-on-year to equal $1.67bn

Masdar inaugurates new office in Saudi Arabia to expand presence

Masdar inaugurates new office in Saudi Arabia to expand presence

Masdar aims to add to existing projects in the kingdom, including a 400MW wind farm and a 300MW solar power plant

Habib Bank AG Zurich opens branch in DIFC to expand footprint

Habib Bank AG Zurich opens branch in DIFC to expand footprint

The new branch will offer clients a Swiss platform, with a focus on wealth preservation and legacy planning

Haider Khan, head of EMPG MENA

Dubai-based EMPG, which owns Bayut & dubizzle, raises $200m in funding

The funding round was led by US-based growth equity fund Affinity Partners, with new funding from KCK, Acacia Partners

UAE and Austria sign energy partnership

UAE and Austria sign energy partnership

The partnership will focus on projects of mutual interest in refined products, liquefied natural gas, renewables and hydrogen

Dubai Fitness Challenge

A complete guide to Dubai Fitness Challenge 2022

The challenge, which starts on October 29, encourages residents and visitors to adopt a more healthier and active lifestyle by exercising 30 minutes daily for 30 days

Dubai Financial Market Company

Dubai Financial Market Company posts 133% rise in net profit for nine-month period

The company’s total revenue reached Dhs237.8m during the first nine months of the year

First Etihad Airways flight using SAF departs Tokyo

Flight EY871 departed Tokyo Narita airport at 3pm on Thursday, October 27

Emirates NBD

Emirates NBD reports 25% rise in net profit for first nine months of 2022

The lender posted total income of Dhs22.7bn, rising 31 per cent year-on-year

National Bank of Fujairah posts 155.1% rise in nine-month net profit

National Bank of Fujairah posts 155.1% rise in nine-month net profit

The lender posted an operating profit of Dhs932.5m for the first nine months of the year, marking a 25.1 per cent rise compared to the previous year