#Abu Dhabi

Abu Dhabi unveils fund to boost tourism

Abu Dhabi launches fund to boost business tourism

The fund aims to boost business-to-business events, provide financial support and incentives to event organisers and agencies

AD Ports completes merger

AD Ports completes merger of KEZAD Communities and Al Eskan Al Jamae

The merger has created Abu Dhabi’s largest integrated staff accommodation company

Abu Dhabi announces new speed limits

Abu Dhabi: Speed limit on Sheikh Mohammed bin Rashid Road starts from May 1

Motorists driving below 120km/h on the first two lanes of the four-lane highway will be fined Dhs400

DFM and Dubai Chamber

DFM, Dubai Chamber of Commerce partner to boost IPOs

The two entities have partnered with advisory firms that are a key part of the city’s financial and business ecosystem

Aldar and Mubadala to work on developing Al Maryah Island Photo

Aldar Properties, Mubadala to jointly develop commercial tower on Al Maryah Island

Upon completion of the initial office tower’s construction, which is expected by the end of 2026, the property will be managed by Aldar Investment

Aldar unveils the Source

UAE’s Aldar Properties unveils homes dedicated to health and wellbeing

Construction of the project is set to start in the last quarter of 2023, with handovers projected for Q3 2026

shipping service

AD Ports Group introduces new shipping service to Kuwait

The service aims to improve commercial connectivity and facilitates trade with Kuwait

Ahmad Ali Alwan_Impact Event by HUb71

Abu Dhabi’s Hub71 sees robust 102% growth in in 2022

Hub71 and its focus on driving impact for startups and Abu Dhabi has led to the facilitation of 41 POCs for corporate partners valued at Dhs160m by the end of 2022

Mubadala Building jv with Ares.

Mubadala, Ares create $1bn JV to invest in credit secondaries

The venture represents a key milestone for both organisations and will enhance Mubadala’s positioning within the secondaries credit market

esports K-12 school

This K-12 school in Abu Dhabi launches first esports hub

The facility, located in Aldar Education’s West Yas Academy, will provide students access to gaming equipment, innovative software and immersive experiences

Dubai Police Ramadan Cannon

Ramadan 2023: UAE moon-sighting committee to meet Tuesday

The sighting of the moon signifies the start and the end of Ramadan, the ninth month of the Islamic calendar

Presight AI IPO oversubcribed

Presight AI’s $496m IPO attracts $25.8bn in orders

The IPO is Abu Dhabi Securities Exchange’s second listing this year and it was oversubscribed by 136 times

Abu Dhabi’s Etihad announces flash sale, offers 20% discount

Abu Dhabi’s Etihad announces flash sale, offers up to 20% discount

The promotion is valid on return and one-way journeys on Etihad-operated flights booked on the carrier’s website

Abu Dhabi foster innovation

Abu Dhabi expands patent service to foster innovation

Financial aid for all supported businesses will increase by up to 30 per cent to help inventors during the critical invention phase

Presight AI _Cover Image_IPO

Presight AI announces start of subscription for IPO

The listing is the latest in a series of IPOs in the Gulf region as governments seek to bring more international investors into their markets

Syed Basar Shueb, IHC CEO and Managing Director

Abu Dhabi-based IHC’s 2022 profit surges to a record $8.9bn

The conglomerate’s revenues surged by 78 per cent to Dhs50.9bn, driven by growth across all verticals and the company’s strategic acquisitions in 2022

IPO

Abu Dhabi says there’s more to come after year’s biggest IPO

A total of five IPOs in Abu Dhabi raised $5.37bn last year with state-related entities dominating the listings

Abu Dhabi records Dhs77.6bn in real estate transactions in 2022

Abu Dhabi records Dhs77.6bn in real estate transactions in 2022

The emirate’s real estate sector recorded 9,010 sales transactions valued at Dhs23.5bn

ADNOC Gas raises $2.5bn from IPO

ADNOC Gas IPO raises $2.5bn, attracts $124bn in demand

The company increased the number of ordinary shares offered in the IPO to 3.8 billion on Monday, implying market capitalisation of Dhs182bn

FAB facilitated over $9bn in sustainable projects

UAE’s FAB facilitated over $9bn in sustainable projects in 2022

More than half of FAB’s bond issuances in 2022 were in a ‘green’ format, with the bank aiming to further grow its range of sustainable offerings

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi adds new aircraft, routes to central Asia, Europe and Africa

The ninth aircraft will provide an additional 30,000 ultra-low-fare seats per month

Tawazun Industrial Park, Yellow Door Energy pact

Tawazun Industrial Park unveils new solar power project

Tawazun said the solar park is expected to produce 7.1 million kilowatt-hours of clean energy in the first year of operation

ADNOC- Gas IPO

ADNOC Gas eyes $2bn from world’s biggest IPO this year

ADNOC is selling a 4 per cent stake in ADNOC Gas, with each of the 3.07 billion shares being offered at between Dhs2.25 and 2.43

SAWA Group and AD Gaming sign agreement photo courtesy AD Gaming twitter

AD Gaming, SAWA Group to develop Abu Dhabi’s gaming ecosystem

AD Gaming and SAWA group will help facilitate the international expansion of Chinese gaming and esports companies via Abu Dhabi

Emirates Palace

Abu Dhabi’s Emirates Palace Hotel gets a new name

The beachfront property has been officially rebranded, and includes the region’s first vegan rooms

ADGM signs MoU with Zand Bank

Abu Dhabi Global Market, Zand Bank join hands to support SMEs

The entities will jointly drive UAE national work placements and offer finance training, SME financing platforms, a fintech sandbox and corporate innovation programmes

Flash Entertainment brings Blippi The Musical to Abu Dhabi

Interview: Josh Blackburn, producer of ‘Blippi, The Musical’

The popular musical has brought Blippi, the cheerful, energetic and educational children’s character, from the screen to the stage to entertain audiences

Khalifa

Khalifa University, ADAFSA join forces to diversify food imports through AI

Khalifa University is also developing an AI platform for smart inspection, which will include an algorithm-based model

AeroFarms opens faciltiy on Abu Dhabi photo WAM

AeroFarms debuts AgX indoor vertical farm in Abu Dhabi

At 65,000 square feet, AeroFarms AgX is the largest indoor vertical farm of its kind for research and development in the world

Hub71

Abu Dhabi launches ‘Hub71+ Digital Assets’ to accelerate growth of Web3 startups

The new ecosystem will benefit from the regulated environment of Abu Dhabi Global Market