#UAE

Abu Dhabi’s Masdar lists green bond on ADX

Abu Dhabi’s Masdar lists $750m green bond on ADX

The 10-year notes, which were 5.6 times oversubscribed, carry a 4.87 per cent coupon rate and will mature in July 2033

DHL acquires remaining shares in Danzas AEI Emirates image DHL

DHL to acquire remaining shares in Danzas AEI Emirates

Danzas AEI Emirates to be fully integrated into DHL Global Forwarding network and to re-brand to the DHL brand

EDB advances food security with Dhs721m in funding

EDB supports food security with Dhs721m under its five-year strategy

Food security is one of the five priority sectors that the development bank supports to contribute to the country’s national development agenda

UAE GEORGIA CEPA

UAE and Georgia sign CEPA to boost trade

By removing or reducing tariffs on 95 per cent of product lines, the agreement is set to boost non-oil trade value beyond $1.5bn in the next five years.

Wizz Air Abu Dhabi (Image: Supplied by Wizz Air Abu Dhabi)

Wizz Air Abu Dhabi commences flights to Erbil

The twice-weekly services operate every Monday and Friday

UAE approves 2024-2026 federal budget of Dhs192bn

UAE approves 2024-2026 federal budget of Dhs192bn

The budget estimates expenditures of Dhs64.1bn in 2024, up 1.6 per cent from estimates for 2023

Abu Dhabi’s oil champion ADNOC bets on global expansion

Insights: Abu Dhabi’s oil champion ADNOC bets on global expansion

The company’s board brought forward to 2027 plans to up production capacity to five million barrels per day and approved a capital spending of $150bn

DEWA’s COP28 stand to focus on sustainability

DEWA’s COP28 stand to showcase sustainability projects

The stand will be located in the Green Zone and it will highlight the company’s efforts in energy, water and renewables

Botim hits Dhs1.3bn transactions in 4 months

Astra Tech’s Botim exceeds Dhs1.3bn transactions in 4 months

PayBy has witnessed a 75 per cent increase in the number of transactions quarter-on-quarter across its fintech offerings

ADNOC awards multibillion gas expansion contracts

UAE’s ADNOC awards multibillion gas expansion contracts

The company is increasing gas production as consumers around the world look to switch from crude and coal toward cleaner burning fuel

UAE unveils first wind power plants ahead of COP28

UAE inaugurates first wind power plants ahead of COP28

The clean energy project is expected to power more than 23,000 homes a year and displace 120,000 tonnes of carbon dioxide

ADNOC Distribution to use biofuel for its UAE vehicle fleet

ADNOC Distribution to use biofuel to power its UAE vehicle fleet

The company’s fleet plays a crucial role in supplying fuels and liquefied petroleum gas to corporate customers

Over 6.5 million subscribe to UAE’s unemployment insurance scheme

UAE unemployment insurance scheme: MOHRE reports over 6.5 million subscribers

The scheme provides a social safety net for citizens and residents while ensuring that they have a decent life until alternative employment arises

ADNOC, Occidental to build DAC facility in UAE

ADNOC, Occidental to advance direct air capture project in UAE

The energy firm is testing the world’s first fully sequestered CO2 injection well in a carbonate saline aquifer in Abu Dhabi

National Bonds unveils ‘millionaire’ saving plan

Millionaire in 10 years: National Bonds unveils ‘My One Million’ saving plan

Companies can contribute on behalf of their employees, which is expected to enhance employee retention

UAE President Sheikh Mohamed bin Zayed visits Qatar

UAE President visits Qatar for International Horticultural Expo 2023

Sheikh Tamim bin Hamad Al Thani welcomed President Sheikh Mohamed and his delegation upon their arrival in Doha

DEWA commissions second unit in Dhs15.8bn solar park

DEWA commissions second unit of 4th phase of Dubai solar park

The fourth phase is set to provide clean energy for approximately 320,000 residences and reduce carbon emissions by 1.6 million tonnes annually

New Anantara coming to Abu Dhabi (Image: Supplied by Minor Hotels)

New Anantara coming to Abu Dhabi

The 22-key Anantara Santorini Abu Dhabi Retreat is set to launch in Q4 2023

UAE announces fuel prices for October 2023

UAE announces petrol, diesel prices for October

The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 3 fils per litre in October

DIB acquires minority stake in Türkiye’s T.O.M. Group

DIB acquires minority stake in Türkiye’s T.O.M. Group

The transaction will be formalised after the clearance from the Turkish competition watchdog

How cloud technology is driving innovation in GCC banking sector

How cloud technology is driving innovation in GCC banking sector

The cloud allows banks to launch new products and services quickly and easily, such as mobile apps and digital wallets

Finding the right balance Virtual assets regulation in the UAE

Finding the right balance: Virtual assets regulation in the UAE

The new CBUAE guidance related to the virtual assets sector is aimed at strengthening the supervisory and regulatory frameworks of the country’s central bank and other relevant bodies in line with global best practices

DP World invested $6bn to become supply chain behemoth

Dubai’s DP World invested $6bn to become supply chain giant

The state-owned firm has undertaken substantial investments spanning multiple countries across the globe

Arijit Singh's chaleya leads Official UAE Chart which launched on Sept 27 pic supplied IFPI

Official UAE Chart launches on Sept 27; here are the top 20 chartbusters

The new chart – the first of its kind in the UAE – now provides music fans, artists and industry alike the definitive weekly ranking of the top streaming tracks in the country

UAE economy to grow 3% in 2023, says S&P Global

UAE economy to grow by 3% in 2023, says S&P Global

The government has implemented comprehensive economic and social initiatives that are designed to set the stage for sustained and long-term growth

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

RICE EXPORT

India to export rice to the UAE: 75,000 tonnes approved through NCEL

Despite the larger ban, India is shipping rice to friendly and food vulnerable countries on their request to meet their food security demands

UAE to announce petrol prices for October soon

UAE to announce petrol, diesel prices for October; will rates decrease?

The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 28 fils per litre in September

UAE President meets Netherlands PM Rutte

UAE President Mohamed bin Zayed meets Dutch PM Mark Rutte

During the meeting, the two sides reviewed bilateral cooperation in a range of sectors including trade, energy, and environment among others

Value of MENA’s hotel, residential projects top $1.9tn

Value of MENA’s hotel, residential projects top $1.9tn

The influx of new hospitality and tourism-related projects in the region is fostering new trends that add value and efficiency