1. ADAFZ will welcome companies referred by Masdar City Free Zone, offering benefits including zero cost free zone branch licenses and manufacturing space
2. Collaboration will boost strategic partnerships and synergies between free zones and will benefit customers operating in both zones with minimal cost whilst increasing commercial space occupancy levels
Abu Dhabi, UAE – 03 October 2023: Abu Dhabi Airports Free Zone (ADAFZ), a subsidiary of Abu Dhabi Airports, has announced a new partnership with Masdar City Free Zone, a thriving business community and sustainability hub, located in Masdar City. The new agreement will enhance space offerings and end-to-end logistics services for businesses in both free zones.
The collaboration will mean that Masdar City Free Zone companies that establish operations ......read more
United Arab Emirates, Abu Dhabi 02 October 2023: The Statistics Centre – Abu Dhabi (SCAD) has announced the Gross Domestic Product (GDP) estimates for the second quarter of 2023, revealing a whopping 12.3% growth of non-oil economy, and a 3.5% increase in the total GDP compared to the same period in 2022, a testament to Abu Dhabi economy’s competitiveness and resilience, enabling it to navigate global economic headwinds.
Abu Dhabi non-oil economic activities have maintained remarkable growth in Q2 2023, leading the value of the emirate's real non-oil GDP to AED 154 billion, the highest since 2014 to break a record registered in the first quarter of current year, where it surpassed AED 146 billion.
According to preliminary estimates, the value of Abu Dhabi’s real GDP in the second quarter of 2023 ......read more
Five-year partnership with Mubadala Foundation will support multiple DCT Abu Dhabi cultural programmes, initiatives and institutions, including Louvre Abu Dhabi and Zayed National Museum
Agreement creates opportunity for knowledge exchange and supports Abu Dhabi’s bold vision to transform the emirate into a global cultural centre
Abu Dhabi, UAE – 25 September 2023: The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) and Mubadala Foundation today signed a partnership agreement, where the latter will contribute AED 50 million to the emirate’s cultural industry over the next five years in a first-of-its-kind agreement.
The partnership marks a significant step forward in their shared mission to transform and elevate the emirate’s vast cultural landscape, with Mubadala Foundation also ......read more
- Held under the title "AI See a Solution: Computer Vision Hackathon 2023"
- 42 Abu Dhabi students developed an innovative technology which supports individuals with visual impairments
Abu Dhabi, UAE, 22 September 2023: 42 Abu Dhabi, the UAE capital’s innovative and disruptive coding school that provides a unique peer-to-peer, gamified learning methodology, held a hackathon titled “AI See a Solution: Computer Vision Hackathon 2023” from 13-14 September. The hackathon was held in collaboration with Al Hathboor Bikal.ai, a cutting-edge solutions provider dedicated to spearheading technological advancements for businesses and governments.
This two-day hackathon aimed to foster innovation and creativity among students by challenging them to harness the power of coding to solve real-world problems using ......read more
Panel discussions, workshops and events around our shared humanity, the value of cooperation, and the role of religious teachings in inspiring sustainable and peaceful coexistence
Abu Dhabi, UAE, 18 September 2023: The Abrahamic Family House has announced its upcoming programme of panel discussions and events on the themes of peaceful coexistence and the role of faith in fostering culture, inspiring the arts, and tackling global challenges. The programming will bring together a diverse group of experts including community leaders, academics, religious figures, and artists.
The Abrahamic Family House also maintains an active schedule of community events, workshops, and club activities that are open to all. In the coming months, sessions will include workshops on sustainable practices and group discussions, ......read more
Abu Dhabi, 14 September 2023: Infracapital, the infrastructure equity investment arm of M&G Plc, has successfully closed a co-investment process in Zenobē, providing the opportunity for a consortium of Infracapital’s strategic LPs, including Mubadala and Pantheon, to invest into a high-quality asset.
“This marks a significant milestone for the Infracapital platform as it represents the largest co-
investment raised by an Infracapital fund to date. It reiterates Infracapital’s ability to source high- quality assets benefiting from secular trends in decarbonisation of transport and battery storage” says Infracapital’s Head of Capital Formation and Investor Relations, Latifa Tefridj-Gaillard.
Since Infracapital’s initial investment in 2020, Zenobē has grown to establish itself as ......read more
First ever Mubadala Abu Dhabi Sail Grand Prix Presented by Abu Dhabi Sports Council to take place at Mina Zayed, January 13-14, 2024
Abu Dhabi, UAE - September 13, 2023 - Abu Dhabi will host the world’s most exciting racing on water as it gears up for the inaugural Abu Dhabi Sail Grand Prix. Tickets are now on sale to witness the sport’s best athletes representing national teams from around the globe unleash their prowess on the waters of Mina Zayed, Abu Dhabi’s historic port – on January 13-14, 2024. The event is presented in partnership with SailGP’s Global Series Partner Mubadala Investment Group and the Abu Dhabi Sports Council.
The highly anticipated global event was announced at a press conference held at the Saadiyat Beach Club in Abu Dhabi, in the presence of Sheikh Ahmed bin Hamdan Al ......read more
Abu Dhabi, 11 September 2023: Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has contributed AED 2 million to The Authority of Social Contribution - Ma’an, the Government of Abu Dhabi’s official channel to receive social contributions.
The contribution aligns with ADNIC’s efforts to support societal priorities in areas including Health, Education, Infrastructure and Environment.
Charalampos Mylonas, CEO of ADNIC, said: “We are proud to support causes that are dear and close to our hearts. We believe that everyone has the right to a healthy life, and we are committed to using our resources to make a positive impact on communities across the UAE. Our partnership with The Authority of Social Contribution ......read more
Valued at AED 225 million, the move positions Multiply Media as a key player in the UAE's media landscape
Abu Dhabi, UAE, September 06, 2023: Multiply Group (ADX: MULTIPLY), an Abu Dhabi-based investment holding company, confirmed today the completion of its acquisition of a 55% majority stake in Media 247, a leading outdoor advertising firm in the UAE, for AED 225 million. This strategic move follows Multiply Group’s announcement in April 2023 regarding its intent to invest, subject to regulatory approvals, which has since been secured. The acquisition price has been adjusted as a result of the Company’s strong financial performance during the first half of 2023, where it overachieved its revenue and profitability targets by about 10% and 37%, respectively.
Media 247, known for its extensive portfolio of over 45 ......read more
- This comes as part of the Group’s strategy to propel the growth of the tourism sector in the UAE
Abu Dhabi, UAE, 1 September 2023 - ADNEC Group, through its tourism arm Tourism 365, has announced the launch of new charter flight services in the UAE, enhancing travel options for international tourists from multiple destinations while propelling the UAE’s hospitality offering and reputation as a premier global destination.
This premium new service, available from Europe and central Asia is poised to increase visitor arrivals to the UAE, while further solidifying ADNEC Group’s position as a key player in the regional tourism sector. The new charter service complements the group’s wider hospitality offering, supporting the travel industry’s role in the nation’s economic growth, a ......read more
Abu Dhabi, 30 August 2023: The Abu Dhabi Securities Exchange (ADX) has partnered with five of the leading research providers in the UAE to launch the Investment Outlook Report (IOR).
Aimed at retail investors, the IOR is intended to educate individual investors on opportunities available on the Exchange and to assist them in making sound investment decisions. The five participating research providers are FAB Securities, Al Ramz Capital, Arqaam Capital, BHM Capital and International Securities.
ADX will send the report via e-mail on a daily basis to the existing subscribers, in addition to the possibility of sending the report to anyone interested in the research provided by the Exchange by having them register on ADX’s SAHMI app. The report will provide insights on the activity of the market and possible stock investment ......read more
A total of AED 190 billion in green financing was dedicated by 6 major UAE banks
Abu Dhabi, United Arab Emirates; 21 August 2023: UAE Banks Federation (UBF), the sole representative and unified voice of banks in the UAE, revealed the remarkable success of the UAE banking and financial sector in developing sustainable banking solutions in line with the UAE's strategy to reduce emissions and achieve climate neutrality by 2050 and with United Nations Sustainable Development Goals.
The Federation highlighted the proactive role of the banking sector in combating climate change through green financing commitments and climate initiatives and said that providing green finance and issuing green-oriented funds has emerged as a powerful mechanism to meet sustainability commitments of various organisations in the UAE in ......read more
Abu Dhabi, 21 August 2023: Abu Dhabi Securities Exchange (ADX) has partnered with Tawasal SuperApp, a secure multi-purpose messenger and super app, to enable investors to access real-time ADX updates directly within the super app.
As part of the partnership, Tawasal users will gain access to a comprehensive range of real-time stock market data provided by ADX. Investors and traders will be provided with the latest market statistics, including stock prices, trading volumes, indices, and more, all conveniently accessible within the Tawasal SuperApp.
The tie-up between the two parties reflects both ADX and Tawasal's commitment to enhancing financial literacy and facilitating sound financial decision-making. Millions of Tawasal’s users will no longer need to navigate between multiple platforms or rely on delayed ......read more
Abu Dhabi: August 15, 2023 – Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed an agreement with the Ministry of International Cooperation, Ministry of Finance, and the General Authority for Supply Commodities in Egypt. The agreement entails a revolving financing program valued at US$100 million, with annual renewals planned over a 5-year term, ultimately reaching a total of US$500 million. This initiative aims to facilitate the provision of wheat and essential commodities to the General Authority for Supply Commodities through Al Dahra Agriculture, an Emirati company.
On the UAE’s side, the agreement was signed by His Excellency Mohamed Saif Al Suwaidi, the Director General of Abu Dhabi Fund for Development and Chairman of the Exports Executive ......read more
Astro Min is a one of the fastest growing shipping & logistics company in GCC & India. We moved to new office & warehouse in KHAWANEEJ, DUBAI, UAE . We also have hubs in KSA, OMAN & INDIA
1. Providing door to door services in all cities of GCC
2. Best solution for small and medium enterprises wanting to grow their foot print
3. Last mile delivery of ships spares to all ports and shipyards in GCC
4. Scheduled/ regular LTL services to all major cities in GCC
5. In-house customs clearance services
6. Warehousing and distribution services
Actor, RJ & Influencer Mr. Mithun Ramesh
Humaid Abdurahman Abdullah ahmed altamimi – ASTRO MIN ......read more
• Yahsat’s Commercial team is exploring ways to take advantage of growing Chinese demand for its Thuraya products, in cooperation with its service partners
• The team met with the UAE Ambassador in Beijing to discuss how the Diplomatic Mission can support Yahsat and other UAE companies to expand operations in China
• This follows a recent visit by Chinese Embassy officials to Yahsat’s headquarters earlier this year to commend it on its crucial role in saving Chinese fishermen by using its satellite-enabled solutions
Abu Dhabi, 11 August 2023: Al Yah Satellite Communications Company PJSC (Yahsat), the UAE’s flagship satellite solutions provider, (ADX trading symbol: YAHSAT), today announced plans to reinforce its presence in China, as part of its growth strategy to diversify and ......read more
Abu Dhabi, UAE, August 9, 2023 - PETRONAS and AIQ, an Abu Dhabi-based technology company, have signed a Memorandum of Understanding (MoU) to share experiences in building Artificial Intelligence (AI) solutions that may potentially accelerate the energy transition and drive sustainability across energy operations.
AIQ is a technology pioneer focused on driving the transformation of the industrial sector powered by artificial intelligence (AI).
The MoU was signed by PETRONAS Head of Data Science, Dr Sambasivam Rajamani, and AIQ Chief Technology Officer, Saravan Kumar Penubarthi; and witnessed by PETRONAS Vice President of Group Technology and Commercialisation, Aadrin Azly and AIQ Senior Vice President of Commercial and Business Development, Dr Ahmed Salem.
PETRONAS and AIQ will leverage their deep understanding of the energy ......read more
The report captures the progress of DCT’s commitment to delivering on its promise to promote, protect and progress Abu Dhabi
Abu Dhabi, UAE – 8th August 2023: The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) today announced the release of its Annual Report 2022, available to download here.
A reflection of DCT’s promise to promote, protect and progress Abu Dhabi as a cultural and tourism destination, the report highlights the organisation’s commitment to delivering on its strategic ambition.
The annual report’s documented achievements include:
• Abu Dhabi welcomed a total of 18 million visitors
• 3 million people visited Abu Dhabi’s cultural sites, with a 99% satisfaction rate
• The Emirate recorded over 70% in ......read more
Dubai, UAE, 2nd August 2023: Commercial Bank International (CBI or “the Bank”) has announced its 2023 half-year financial results.
Key financial result highlights:
- Net profit increased by 44% year-to-date from AED 55 million in H1 2022 to AED 79 million in
- H1 2023.
- Net operating income increased year-to-date from AED 268 million in H1 2022 to AED 270 million in H1 2023.
- Loans and advances increased year-to-date from AED 12 billion in H1 2022 to AED 12.3 billion in H1 2023.
Commenting on the Bank’s H1 performance, Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International, said: “At CBI, our foundation rests on the "client first" principle, and it drives everything we do. We take immense pride in consistently providing ......read more
• The proposed transaction will create a world-class local home-grown platform through a combination of real estate and hospitality assets capable of delivering the highest service and value to Abu Dhabi
• The combination would deliver to Q Holding increased scale, revenue diversification, and cost synergies
Abu Dhabi, UAE – 2nd August 2023: ADQ, an Abu Dhabi-based investment and holding company, and IHC Capital Holding LLC (IHC Capital), a subsidiary of International Holding Company (ADX:IHC) have submitted an offer to Q Holding PJSC (Q Holding) (ADX: QHOLDING), a leading investment company in Abu Dhabi, to combine ADQ’s 100% shareholding of Abu Dhabi National Exhibitions Company PJSC (ADNEC), as well as its majority ownership interest in Modon Properties PJSC (Modon), and IHC Capital’s ......read more
• Six-month financial performance showcases robust revenue at AED 22.1 billion and net profit at AED 10.3 billion, signifying growth of 29% and 30% y-o-y respectively.
• Successful investments propel growth across diversified sectors, consolidating Alpha Dhabi’s position as a leading regional investment holding company.
Eng. Hamad Al Ameri, CEO of Alpha Dhabi Holding, said:
“Alpha Dhabi's dynamic performance in the first half of the year showcases our strength and the resilience of our diversified portfolio. With a noteworthy revenue of AED 22.1 billion and net profit soaring to AED 10.3 billion, we have experienced significant growth and are steering clear of the global market uncertainties.”
“As we navigate the rest of the year, we remain ......read more
Abu Dhabi, UAE –25 July 2023: Louvre Abu Dhabi, the Arab World’s first universal museum, today announced the appointment of seasoned professional Dr. Guilhem André as its Acting Director for Scientific, Curatorial and Collections Management. Dr. André, who previously served as the museum’s Chief Curator, will now oversee and lead Louvre Abu Dhabi’s curatorial strategy, the development of its narrative and collection, and exhibition programming, alongside managing its curatorial team.
Dr. André, an expert archaeologist and art historian, joined Louvre Abu Dhabi in 2018 as Chief Curator for the Medieval and Asian arts. A key focus for him during this time was the development and curation of the museum’s acclaimed permanent collection, aligning the acquisition process in the museum and setting up policies and ......read more
• The company’s revenue showed 18.9% YoY growth, driven by effective operation of seven vessels sailing since 2022
• ASM continued to diversify its portfolio with a significant investment in ADNOC Logistics and Services
• Operating income increased by 134.7% YoY to reach AED 53m in H1 2023
Abu Dhabi, UAE 24th July 2023: Al Seer Marine (ADX: ASM), the global player across multiple marine sectors and International Holding Company (IHC) Subsidiary, released today its financial results for the first half of 2023, ended on 30 June, reporting gross profit reached AED 74m, a significant 92.5% YoY increase over H1 2022, while operating income increased by 134.7% YoY to reach AED 53m.
The company has generated total revenues of AED 564m in H1 2023, marking an 18.9% YoY growth from the ......read more
Alpha Dhabi's MoU with Limak Group presents an opportunity to broaden its investment portfolio in Turkey.
The opportunities include construction and rehabilitation of areas impacted by the earthquake in Turkey.
Abu Dhabi, UAE; 20 July 2023: Alpha Dhabi Holding (ADX: ALPHADHABI), one of the fastest-growing investment holding companies in the United Arab Emirates (UAE), signed a Memorandum of Understanding (MoU) with Turkey-based Limak Group. The MoU aims to explore a range of business opportunities and joint ventures in construction, development, infrastructure, energy, and hospitality, all within a framework of sustainable development in the UAE and the Republic of Turkey.
This MoU marks a significant milestone in the economic relations between the two countries and presents an ......read more
• ADQ to finance up to USD 8.5 billion of earthquake relief financing bonds to accelerate earthquake reconstruction efforts
• Planned export credit facility worth up to USD 3 billion for Turkish companies to boost bilateral trade with the UAE and other markets
Abu Dhabi, UAE – 19 July 2023: ADQ, an Abu Dhabi-based investment and holding company, announced two memoranda of understanding (MoUs) with entities in the Republic of Türkiye to deepen bilateral cooperation and contribute to Türkiye’s economic development.
The earthquake relief agreement was signed during President Tayyip Erdogan’s visit to the UAE by His Excellency Mohamed Hassan Alsuwaidi, UAE Minister of Investment, Managing Director and CEO at ADQ, and His Excellency Mehmet Şimşek, Minister of Treasury and ......read more
Abu Dhabi, July 18, 2023: The Department of Municipalities and Transport has signed a letter of intent to establish Twin City relationships between Abu Dhabi and Beijing, the capital of the friendly People's Republic of China.
The signing took place during the official visit by a delegation from the Department of Municipalities and Transport (DMT), headed by His Excellency Mohamed Ali Al Shorafa, Chairman of the DMT, and a number of officials from the Department. The visit aimed to exchange expertise and learn about the best global practices in the field of municipal work, including supporting the efforts of the Emirate in building a sustainable public transportation system.
It also aimed to review Abu Dhabi's experience and efforts in the field of smart cities and explore ways to enhance cooperation and partnership, ......read more
Khalid Al Kaf, Yahsat’s Chief Operations Officer, accepted the TDRA Partner Recognition Award for the company’s role in developing an advanced satellite communications infrastructure in the UAE
Abu Dhabi, UAE, 13 July 2023: The UAE’s flagship satellite solutions provider, Al Yah Satellite Communications Company PJSC (ADX trading symbol: YAHSAT), has been honoured for its longstanding relationship with the Telecommunications and Digital Government Regulatory Authority (TDRA) with its Partner Recognition Award.
The award recognises Yahsat’s pivotal role in establishing a cutting-edge satellite telecommunications infrastructure within the UAE, which has given the country a leading position in the Information and Communications Technology (ICT) sector. As the UAE’s first and only publicly listed ......read more
Abu Dhabi, UAE; 12 July 2023: Multiply Group (ADX: MULTIPLY), an Abu Dhabi-based investment holding company, is acquiring a minority interest in Breakwater Energy for AED 367 million ($100 million). This investment comes under Multiply+, the Group’s sector-agnostic arm that is more opportunistic in nature.
Through this acquisition, Multiply Group will become part owner of a highly profitable and cash generative, diversified global upstream portfolio with significant gas weighting and reserve life, offering an attractive dividend profile.
EIG, a leading institutional investor in the global energy and infrastructure sectors, through its wholly owned subsidiary Breakwater Energy, acquired a 25% interest in Repsol E&P, a gas-weighted exploration & production company comprising Repsol’s entire global ......read more
Abu Dhabi, UAE, 23 June 2023: The Abu Dhabi Chamber of Commerce and Industry’s (ADCCI) Board of Directors has appointed Ahmed Khalifa Al Qubaisi as the new Chief Executive Officer (CEO), bolstering the chamber’s senior management team and its strategic mission of empowering businesses and enabling the business community to reach its full potential.
By employing his long experience in driving business transformation, Al Qubaisi's primary focus will be to establish a resilient and interconnected business community to realise the objectives of the Abu Dhabi Economic Vision 2030. He will play a pivotal role in supporting the Abu Dhabi Chamber in achieving its vision of strengthening the business community and positioning Abu Dhabi as the preferred choice for businesses and talent in the MENA region by 2025.
With ......read more
Abu Dhabi, UAE, 22 June 2023: The Abu Dhabi National Exhibition Centre (ADNEC), part of the ADNEC Group, has received a prestigious award in the Best Venue category at the Middle East Event Show (MEES) Awards. The MEES awards gather leaders in the MICE and live events industry to honour outstanding individuals, teams, and companies that have conceptualised and delivered the best event experiences across the region.
Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC said: “ADNEC's outstanding achievement at the MEES Awards highlights the Group’s ongoing commitment to elevating the events industry and cementing Abu Dhabi's position as a leading destination for exhibitions, conferences, and events in the Middle East. We are honoured to be recognised by industry peers and experts for our continuous ......read more
Al Nakheel Paper Mill produces a 13.2 gsm product at a speed of 2,222 meters per minute for 24 hours – and with an incredible efficiency rate of more than 96%
Dubai, UAE – June 19, 2023: Fine Hygienic Holding, one of the world’s leading manufacturers of high-quality hygiene products and the MENA region’s largest paper producer, has made history after setting a new record-breaking pace of productivity at its Al Nakheel Paper Mill in Abu Dhabi.
The mill set a world record related to production speed on its tissue machine manufacturing 13.2 grams per square-meter (gsm) at 2,222 meter per minute for 24 hours – running with an efficiency rate of 96.5 per cent.
The achievement was made possible due a combination of factors, including the exceptional capabilities of the team, a steadfast ......read more
Abu Dhabi, 13 June 2023: Abu Dhabi Commercial Bank (ADCB) has been recognised by the UAE government for the Bank’s strong track record in sustainability and social impact, receiving the Impact Seal “Platinum Tier” from Majra, the National CSR Fund.
The Impact Seal is the official federal recognition that certifies, measures and rewards organisations in the UAE with leading sustainable impact practices aligned with environmental, social, and governance (ESG) criteria, the UN Sustainable Development Goals (SDGs) and national priorities.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, presided over the award ceremony, where ADCB was one of 16 UAE companies to receive the prestigious accolade.
ADCB Group Chief Executive ......read more
Abu Dhabi, UAE: 13 June, 2023 – EDGE Group entity, AL TAIF, the UAE’s leading provider of maintenance, repair and overhaul (MRO) services for military equipment, today announced the signing of a Memorandum of Understanding (MoU) with Tembo ELV BV (Tembo), a subsidiary of VivoPower International PLC (VivoPower), to jointly collaborate and identify a framework of business opportunities towards sustainable energy solutions and joint commercial goals, including the conversion of internal combustion engines to fully electric vehicles. The companies may also participate in a transfer of knowledge and partner on product Research & Development (R&D), training in electric mobility and localised assembly operations.
Abu Dhabi, June 11, 2023: According to Mrs. Šarūnė Šablevičienė, Agricultural and Commercial Attaché at the Embassy of The Republic of Lithuania to the United Arab Emirates from January to March 2023, the exports of food and agricultural products to the UAE from Lithuania grew by 180%.
From January to March 2023, the main exports to the UAE were concentrated milk and cream of Lithuanian origin, accounting for 38.9% of the value of all agri-food products of Lithuanian origin exported to the UAE, and other foodstuffs, accounting for 18.1% of the total value of all agri-food products exported to the UAE. Cheese and curd - 10.1% (86.7% more than in the same period of 2022), malt beer - 7.2% (68.3% more than in the same period of 2022), fish fillets and other fish meat - 4.0%. ......read more
Abu Dhabi - 8 June 2023: The Abu Dhabi Securities Exchange (ADX) and the Luxembourg Stock Exchange (LuxSE) announced today the signing of a Memorandum of Understanding (MoU) between the two parties.
The purpose of the MoU is to establish a framework of cooperation between the two institutions to facilitate the dual listing of a broad range of financial instruments, maximise access to European, Middle Eastern and international investors for the parties’ respective issuers, expand pre- and post-listing services, provide access to training programmes to foster awareness around sustainable debt products, and leverage ESG data to enhance issuer and investor engagement both in the Middle East and Europe.
Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, said: “Forming partnerships and building relationships ......read more
ABU DHABI, United Arab Emirates, June 8, 2023 – Black Ice AI Inc., a US-based Delaware C Corporation and Presight, a G42 company, and the region’s leader in big data analytics powered by artificial intelligence (“AI”), have signed a strategic MOU to enhance their respective offerings and capabilities for the financial services and the public service sector solutions.
The MoU was signed by Elisar Nurmagambetov, Chief Executive Officer of Black Ice AI and
Thomas Pramotedham, Chief Executive Officer of Presight, at Astana Hub, Kazakhstan.
Under this agreement, Presight and Black Ice AI will leverage their expertise and respective offerings to jointly develop and market solutions and platforms to further enhance finance operational efficiencies, strengthen compliance efforts, and improve public ......read more
Arabian Gulf Business Insight reveals the top-rated sovereign wealth funds
• Fitch, S&P, Moody’s rate Abu Dhabi top in the GCC
• Saudi Arabia’s diversification helps score, but may be overinvested
• Bahrain and Oman are rated comparatively poor
Dubai, United Arab Emirates – 25 May, 2023: Arabian Gulf Business Insight (AGBI), a next-generation business news platform, today published findings by the three leading global rating agencies on the sovereign wealth funds (SWF) of the GCC.
UAE capital Abu Dhabi is the highest-rated sovereign in the GCC, while Bahrain and Oman are the only sub-investment grade credit ratings, according to the three major US agencies – Fitch, Moody’s and S&P Global.
All three ratings agencies use similar ......read more
Acquisition will enhance EDGE’s autonomous capabilities and enable access to technology and highly skilled engineers for a wider range of unmanned aerial systems (UAS)
Abu Dhabi, UAE: 23 May, 2023 – EDGE, one of the world's fastest growing and leading advanced technology and defence groups, today announced the acquisition of a majority stake in MARS Robotics, a leader in autonomous robotic solutions based in Jordan. The deal will see EDGE owning 80% of MARS Robotics, enabling the highly skilled and experienced engineering team to work closely with EDGE on a number of exciting projects. MARS Robotics will work closely within EDGE’s Advanced Concepts, which focuses on the rapid design, development, and deployment of advanced and innovative technologies. Announced at Langkawi International Maritime and ......read more
PIAP highlights the company’s continuous efforts to pilot initiatives that advance customer communication
Dubai, United Arab Emirates: Panasonic Marketing Middle East & Africa (PMMAF) has revealed the successful conclusion of the inaugural edition of the Panasonic Influencer Affiliate Program (PIAP), the company’s latest initiative in which Panasonic partners with social media influencers to promote increased engagement with its customers, while empowering more consumers to Create Today. Enrich Tomorrow.
PIAP is an affiliate program open to social media influencers based across the Middle East. For Panasonic, the annual campaign is a way to extend its reach online and across social channels, both of which have been an increasingly integral part of the company’s growth ......read more
New report unveiled during G20 event in Mumbai
Abu Dhabi, United Arab Emirates, 15 May 2023 – The International Renewable Energy Agency (IRENA), in partnership with the Indian G20 Presidency, launched a comprehensive report today on how low-cost finance can accelerate the energy transition. Titled “Low-Cost Energy Transition Finance”, and developed in close collaboration with India’s Ministry of New and Renewable Energy (MNRE), the report provides a toolbox to increase the availability of low-cost capital in G20 countries and beyond.
The report was introduced by IRENA's Deputy Director-General, Ms. Gauri Singh, alongside MNRE Secretary, Mr. Bhupinder S Bhalla, and India’s Power Ministry Secretary, Mr. Alok Kumar. The unveiling took place at a side-event, jointly organized with MNRE and ......read more
- Amna Lootah: ‘The visit reflects the confidence of the global business community in the integrated business system of Dubai Integrated Economic Zones.’
- Al Matrooshi: ‘Expanding our strategic partnerships globally contributes to attracting more foreign direct investment.’
Dubai, UAE - 14 May 2023: Dubai Integrated Economic Zones Authority (DIEZ) welcomed ......read more
• Solid revenue increase of 50% in Q1 2023 compared to Q1 2022, driven by positive performance in key segments including real estate, financial services, and marine and dredging.
• IHC completed AED 1.8 billion direct acquisitions in Q1 2023.
Abu Dhabi, 11 May, 2023: International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate, today ......read more
Yahsat delegation held one-on-one and small group meetings with multiple fund managers
Abu Dhabi, UAE, 11 May 2023: Al Yah Satellite Communications Company PJSC (“Yahsat” or the “Group”), the UAE’s flagship satellite solutions provider listed on the Abu Dhabi Securities Exchange, (“ADX”, under symbol: YAHSAT, ISIN: AEA007501017), today announced ......read more
Abu Dhabi, UAE, May 9, 2023: AIQ, Abu Dhabi based technology pioneer focused on driving the artificial intelligence (AI) powered transformation of the energy sector, is taking part at the upcoming UAE Climate Tech Forum.
The two-day event, set to kick off May 10th at the Abu Dhabi Energy Center, marks the first-ever decarbonization technology conference aimed at empowering organizations ......read more
Abudhabi, UAE, May 9, 2023 – Bayanat, an ADX listed company and leading provider of AI-powered geospatial solutions, will officially commence its participation at the 2023 UAE Climate Tech Forum tomorrow.
Hosted by the UAE Ministry of Industry and Advanced Technology (MoIAT) in partnership with ADNOC and Masdar, the UAE Climate Tech Forum is the country’s first-ever decarbonisation ......read more
Abu Dhabi's Robust Economy Continues to Outpace MENA Region retaining competitiveness in 2022 with a growth rate of 9.3%
• Abu Dhabi's Q4 2022 GDP grows by 5.9%
• Real GDP exceeds AED 1.1 trillion by end of 2022, as per estimates
• Non-oil sectors contribute to the real GDP by 50.0% in 2022
• Prominent growth in real estate ......read more
Net income and EBITDA both grew by 35% and 4% respectively year-on-year
Abu Dhabi, United Arab Emirates, 8 May 2023: Al Yah Satellite Communications Company PJSC (“Yahsat” or the “Group”), the UAE’s flagship satellite solutions provider listed on the Abu Dhabi Securities Exchange (”ADX”, under symbol: YAHSAT, ISIN: AEA007501017) announced ......read more
Dubai, May 5th, 2023: Abu Dhabi Securities Exchange (ADX) granted BHM Capital Financial Services PSC, a leading investment firm in the UAE’s financial market, the approval to use Omnibus accounts, making it the first financial services company in the UAE to offer this activity to its clients.
From his side, Abdel Hadi Al Sa’di, Chief Executive Officer, BHM Capital ......read more
Abu Dhabi, 04 May 2023: Abu Dhabi Securities Exchange (ADX), one of the Middle East’s fastest growing securities exchanges, has successfully completed an Exchange-led roadshow in New York in collaboration with J.P. Morgan, reinforcing the robust international demand for Abu Dhabi listed companies.
The two-day Exchange-led roadshow in New York City that ended on May 2 ......read more
Abu Dhabi, UAE – 28 April 2023: The Abu Dhabi Businesswomen Council (ADBWC), a subsidiary of the Abu Dhabi Chamber, today signed a Memorandum of Understanding (MoU) with Flat6Labs, the leading early stage venture capital firm in the Middle East and North Africa (MENA) region. The MoU aims to strengthen cooperation between the two parties to support and enable women entrepreneurs to grow ......read more