#Abu Dhabi

Abu Dhabi announces free parking for Prophet Muhammad’s Birthday

Prophet Muhammad’s Birthday holiday: free parking, toll announced in UAE

The transport regulator is offering free parking during the holiday from Friday until 7:59 a.m. on Saturday

Dubai Government cuts public debt by Dhs29bn

Dubai Government reduces public debt by Dhs29bn

The emirate repaid Dhs20bn as part of its total financing from Abu Dhabi and the Central Bank of the UAE

Abu Dhabi to debut inaugural Travel and Tourism Week

Abu Dhabi’s debut Travel & Tourism Week set to drive growth

The platform is set to further enhance the city’s business and leisure tourism industries while advancing economic growth

ADCCI partners with three local banks

These 3 Abu Dhabi banks have partnered with ADCCI

The partnerships seek to introduce members and investors to a range of services, promotional packages, and financing assistance programmes

Maryam Al Mansoori CEO at Rebound- talks about the circular economy and platform models

Insights: Empowering the circular economy

We explore the business models powering the circular economy

UNION FORTRESS 9

Abu Dhabi: Be prepared for loud noise as armed forces practice for ‘Union Fortress 9’

The Ministry announced that the invitation to attend the military parade is open to the public

ADIB redeems sukuk worth $750m

ADIB redeems sukuk worth $750m

The trading of the certificates on the Irish Stock Exchange was cancelled upon redemption of the certificates

China’s AIIB expands global reach with Abu Dhabi office

China’s AIIB expands global reach with Abu Dhabi office

The overseas office brings the bank closer to the front lines of its sustainable development work in the Middle East and Africa

Yahsat gets Dhs18.7bn mandate from UAE govt for 17 years Image WAM

UAE: Yahsat receives Dhs18.7bn govt mandate for satellite related services

This agreement increases the group’s contracted future revenues to Dhs25.7bn, over 16 times its 2022 annual revenues

Fuze

UAE-headquartered Fuze raises $14m seed round

The investment was led by Abu Dhabi-based Further Ventures, along with participation by US-based Liberty City Ventures

Fertiglobe, AD Ports to explore supply chain opportunities

Fertiglobe, AD Ports partner to explore supply chain opportunities

The two entities agreed to leverage AD Ports’ cargo handling and storage infrastructure to advance urea and ammonia storage and shipping capabilities

Abu Dhabi’s ADGM posts robust growth in H1 2023

Abu Dhabi’s ADGM posts robust growth in H1 2023

The financial hub said a total of 102 asset managers, comprising investment firms and hedge funds, have set up shop in the city

Sagard grows global presence with Abu Dhabi office

Canada’s Sagard expands global footprint with Abu Dhabi office

The regional office will be led by Firas Mallah, managing director and head of the Middle East

Mubadala allots $1bn to Blue Owl Capital’s credit platform

Mubadala commits $1bn to Blue Owl Capital’s credit platform

The investment will initially focus on providing financing for technology and software companies

Spartan endurance race returns to Abu Dhabi

Spartan World Championship returns to Abu Dhabi; here are more details

Set in Abu Dhabi’s Al Wathba area for the second year, the race will be held from December 8-10

Aldar Estates acquires FAB Properties Image Aldar

Abu Dhabi: Aldar Estates expands portfolio, acquires FAB Properties

The move will see Aldar Estates integrate a property management portfolio of 22,000 residential units across 600 properties within its platform

IIT-Delhi to open campus in UAE IIT Director Image courtesy WAM

Indian Institute Of Technology Delhi to open campus in UAE

IIT Delhi’s Abu Dhabi campus will offer computer science, artificial intelligence, energy and sustainability, healthcare and research programmes

Aioka

Cover Story: How Aioka is transforming F1 customer experience

Bally Singh, chairman and founder of Aioka, reveals how the brand is pioneering bespoke and exclusive experiences for F1 aficionados across the region

G42 launches Jais, open source Arabic language AI model

Abu Dhabi’s G42 launches Jais, open source Arabic language AI model

The language is a transformer-based large language model that incorporates many cutting-edge features, including ALiBi position embeddings

UAE-President-Sheikh-Mohamed-bin-Zayed-Al-Nahyan issues new law covering prison management in Abu Dhabi photo courtesy WAM

UAE President passes new law; management of Abu Dhabi prisons to change hands

The Abu Dhabi Judicial Department will oversee the emirate’s punitive and correctional establishments from January 1, 2024

Abu Dhabi

Explore UAE’s Yas Island (and its top attractions) from ‘virtually’ anywhere

The virtual Yas Island experience allows users from around the world to digitally explore the entertainment and leisure hub and other iconic landmarks in the emirate

Abu Dhabi road closure

Abu Dhabi: Partial road closure on Corniche Street, Sheikh Zayed bin Sultan Street to end on this day

The Integrated Transport Centre has issued notifications for partial and complete road closures in Abu Dhabi

added

ADDED, e& enterprise to support transition to Industry 4.0, sustainability

The primary objective is to enhance the digital evolution within Abu Dhabi’s manufacturing industry

Abu Dhabi issues warning against fake currency dealers

Abu Dhabi warns residents, tourists against fake currency dealers

The department urged the public to always use authorised money exchange houses or banks to exchange foreign currency

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

Al Dhara and ADEX to supply wheat to Egypt in $500m deal image WAM

Al Dahra, ADEX partner to supply wheat to Egypt in $500m deal

Al Dahra currently farms 28,000 hectares in Egypt that help sustain the country’s food security by producing staple crops

AD Ports Group Q2 revenue surges by 66% to Dhs2.1bn

AD Ports Group Q2 revenue surges by 66% to Dhs2.1bn

The group’s net profit increased by 3 per cent year-on-year to Dhs310m in Q2 2023

UAE national banks provide Dhs745.5bn in financing by May

UAE banks provide Dhs745.5bn credit to business, industrial sectors

The central bank said the business and industrial sectors received credit financing mostly from traditional banks

Moove

Moove raises $76m with investment from Mubadala, BlackRock

The round brings total funding to over $335m since inception across equity and debt