#Abu Dhabi

Abu Dhabi 2022 GDP

Abu Dhabi economy grows 9.3% in 2022 on non-oil activities boost

The city’s non-oil sectors witnessed significant growth of Dhs43bn in 2022 and contributed 50 per cent to the overall GDP

ADAFSA

Abu Dhabi Agriculture and Food Safety Authority, Hub71 partner to develop agtech innovations

Both entities will work to address the challenges faced by the agtech sector by connecting businesses with startups offering technology-based solutions

ADGM to expand jurisdiction May 2023

ADGM Financial District to expand, making it one among world’s largest financial centres

The UAE Cabinet’s resolution has expanded ADGM’s jurisdiction to Al Reem island in addition to Al Maryah island

UAE booming tourism sector

Soaring tourism numbers bolster UAE’s economy

UAE’s tourism sector defies odds to attract record tourist numbers over the past year

Mubadala, ADIB deal

Mubadala offloads 7.6% ADIB stake to National Holding

The state investor said the deal is in line with its strategy to create long-term value by optimising a global portfolio of investments

Oracle

Oracle signs multiple partnerships at CloudWorld Tour Abu Dhabi

The Oracle CloudWorld Tour is the company’s annual event that showcases the latest innovations in cloud infrastructure, databases and applications across diverse industries

Emirates, Etihad partnership

Travel to UAE on a single booking: Emirates, Etihad Airways strengthen cooperation

Customers of each airline from this summer can buy a single ticket into either Dubai or Abu Dhabi, and return via the other airport

Jordan Tourism Board

ATM 2023: DCT Abu Dhabi, Jordan Tourism Board sign MoU

The MoU represents a one-year agreement to strengthen tourism and economic cooperation and build dual-destination awareness to drive incremental leisure traffic

Drydock

AD Ports Group to expand Khalifa Port with drydock services

With this expansion, Khalifa Port will expand its range of port and marine logistics services, from container and cargo handling to vessel repairs and maintenance

Aldar Properties group CEO Talal Al Dhiyebi

Abu Dhabi’s Aldar Properties posts 22% jump in Q1 2023 profit

The developer said its revenue backlog hit a record Dhs18.8bn, which provides visibility over the next two to three years

787 Dreamliner

ATM 2023: Etihad unveils new 787 Dreamliner seats

The Boeing 787 aircraft is the first in the world to offer the Elements seat

Etihad Cargo

Etihad Cargo bolsters presence in China with fourth gateway destination

The airline currently offers five passenger flights to Shanghai, Beijing Daxing and Guangzhou each week

AD Ports Group strengthens fleet

AD Ports Group bolsters its fleet with Dhs955m investment

The acquisition of the new vessels is part of the company’s expansion strategy that is aimed at broadening its portfolio of services

electric aircraft

Abu Dhabi to launch first sustainable electric aircraft manufacturing facility in MENA

Monarch Holding and EHang Holdings have signed a partnership agreement to establish the facility in the region

Al Ghurair Foods

KEZAD Group, Al Ghurair Foods team up for Dhs1bn food processing projects

The agreement will mark the first phase of Al Ghurair Foods division’s investments in KEZAD

Ethmar

Abu Dhabi royal-led firm Ethmar to list after capital raise

The firm which holds more than 25 subsidiaries is chaired by Sheikh Hamdan bin Mohammed bin Zayed Al Nahyan

Christian Hoehn, general manager of The Ritz-Carlton Abu Dhabi, Grand Canal (Image: Supplied by The Ritz-Carlton)

The Ritz-Carlton Abu Dhabi, Grand Canal launches on-site vertical farm

The farm is expected to generate 10kg of produce daily and has a 41 sqm footprint

Ray Dalio, hedge fund billionaire, opens family office in Abu Dhabi

Ray Dalio set to open branch of family office in Abu Dhabi

The Dalio Family Office helps handle the billionaire’s private investments as well as his philanthropic donations

Mubadala co-leads funding round.

Abu Dhabi’s Mubadala co-leads Hasten Biopharma’s $315m funding round

The firm plans to use the proceeds to fund acquisitions and business development of innovative assets in the pipeline

Abu Dhabi parking free

Free public parking in Abu Dhabi for Eid Al Fitr holiday

The transport authority urged drivers to avoid parking in prohibited areas and blocking traffic movement

TAQA power generation

Abu Dhabi’s TAQA sells $1.5bn in dual-tranche bonds

Proceeds from the five-year tranche will be used for general corporate purposes while the 10-year green bond will be used to finance projects as set out in the framework

ADCB Group Q1 2023 results

ADCB’s Q1 2023 profit surges to $509m on higher net interest

The bank’s net interest income rose by 33 per cent to Dhs2.85bn while non-interest income surged by 34 per cent to reach Dhs1.06bn

Mubadala and G42 launch of M42

Abu Dhabi’s Mubadala, G42 launch tech-enabled healthcare firm

The merged entity is expected to transform the way care is delivered while bridging the gap between the latest healthtech advancements and the clinical outcomes patients receive

AZADEA Group opens 23 new stores in Abu Dhabi’s Reem Mall

AZADEA Group expands footprint with 23 new stores in Abu Dhabi

The lifestyle retailer said the expansion will give visitors to Reem Mall a wider selection of top brands to pick from, including 10 franchises debuting in the city for the first time

SF Airlines

Etihad Cargo, SF Airlines to connect hubs and expand network

Etihad Cargo will operate the flights on a Boeing 777 freighter, with services commencing on April 28

Mubadala to invest in Brazil

Mubadala commits to invest $2.5bn in clean fuel in Brazil

The investment will be made through the company’s Acelen unit in Brazil and the company expects to start production in the first quarter of 2026

abu dhabi tourism

Abu Dhabi inaugurates new bridge, slashes travel time to 3 minutes

Situated on Abu Dhabi Al Ain Road (E22), the new highway improves traffic flow to and from Bani Yas and other nearby areas

Toronto (Image: Supplied by Etihad Airways)

Etihad to go daily to Toronto from Abu Dhabi

The additional weekly service will commence on May 30

UAE climate Tech announced dr-sultan-ahmed-al-jaber-COP28-president-designate

UAE Climate Tech: MoIAT to host ‘first-of-its-kind’ forum with ADNOC, Masdar

Ahead of COP28, the forum will explore innovations and economic opportunities supporting global efforts to net zero emissions by 2050

Abu Dhabi University

Abu Dhabi University to regulate use of ChatGPT in education

The guidelines presented emphasise the ethical use of ChatGPT, in line with the university’s policies and procedures