, Online Press Release from Abu Dhabi and Al Ain
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Adnec Group Receives Bsi Kitemark for Innovation Management, Becoming the First Entity to Receive This Certification in the Exhibition Management Sector Worldwide

- This comes as part of the Group’s efforts to adopt long-term innovation to achieve continuity and efficiency in operations Abu Dhabi, UAE, 22nd of March 2023: ADNEC Group has been awarded with the BSI Kitemark Innovation Management Certification, which is a prestigious global certification offered by the British Standards Institution (BSI) to organisations that embrace innovation to drive continued growth in their operations and investments. The certificate was received in the presence of Humaid Matar Al Dhaheri, Managing Director and CEO of ADNEC Group, as he welcomed a number of officials from the BSI at the Abu Dhabi National Exhibition Centre. ADNEC Group is the first entity in the Exhibition Management sector worldwide to receive this prestigious certification, which is based on the international standard for more

MBZUAI and IBT Join Forces to Tackle Challenges in Brain Health

Abu Dhabi, UAE, March 20, 2023: Infinite Brain Technologies (IBT) and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have this week entered a five-year research and development agreement. The two industry thought leaders will form a joint research lab in order to develop precise, personalized Digital Therapeutics (DTx) for human brain health by optimizing the power of artificial intelligence technologies. The collaboration looks to capitalize on IBT capacity in the development and commercialization of digital therapeutics alongside MBZUAI expertise in artificial intelligence, with the ultimate goal of realizing powerful, personalized brain and mental disorder treatments. "The marriage between brain science and AI technology will lead to critical breakthroughs in brain health. The collaboration between IBT and more

Sanad Group takes off with Edelman

• A new press office has been set up for Sanad as it drives its strategy to become a global industrial services champion for Abu Dhabi and Mubadala Investment Company.   • Sanad Group is wholly owned by Mubadala Investment Company and has over 35 years of experience in providing maintenance, repair, and overhaul (MRO) services for commercial aircraft engines in addition to providing linked financing solutions. Sanad services engine models including the Rolls-Royce Trent 700, IAE V2500, and next generation engines such as the GEnx among others.   • Headquartered in Abu Dhabi with offices in Zurich, Sanad provides flexible, innovative and tailored solutions to a growing global customer base, which includes airlines such as Etihad Airways, American Airlines, Emirates Airlines, Saudia Airlines, Wizz Air, more

Abu Dhabi-based Technology Innovation Institute Introduces Falcon LLM: Foundational Large Language Model (LLM) outperforms GPT-3 with 40 Billion Parameters

• Enables On-Premises Solutions for Companies and Governments to maintain data privacy • Falcon LLM advances UAE’s sovereign capabilities in AI with proprietary LLM   Abu Dhabi-UAE: 15th March 2023 – The Technology Innovation Institute (TII), a leading global scientific research center and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), has upped its generative AI credentials with the launch of “Falcon LLM,” a foundational large language model (LLM) with 40 billion parameters. AI and Digital Science Research Center’s (AIDRC) AI Cross-Center Unit, the team behind building Noor the world’s largest Arabic language model, builds Falcon LLM, the 40B model which outperforms GPT3. Falcon LLM 40B model is trained on one trillion tokens. The more

The Abu Dhabi Sustainability Group Organised a Digital Hiwar Session on 'The Path to a Nature-Positive Future'

This Hiwar (Arabic for dialogue), is part of a series of events and activities that the Abu Dhabi Sustainability Group (ADSG) hosts to accelerate knowledge mobilisation among its members and stakeholders, empowering various sectors in the Emirate to engage and support the delivery of the UAE Government’s agenda to tackle biodiversity loss and achieve Net Zero by 2050.   Abu Dhabi, 13 March 2023 – The Abu Dhabi Sustainability Group (ADSG), with the support of the Environment Agency – Abu Dhabi (EAD) and in collaboration with Abu Dhabi Sustainability Week (ADSW), the global platform for accelerating sustainable development hosted by Masdar, held a digital knowledge sharing session on the ‘Path Towards a Nature-Positive Future.’  The session was held on 2nd March, 2023 in Abu Dhabi to more

Gulf Capital Receives Full Asset Management Licence from the Financial Services Regulatory Authority in Abu Dhabi and Establishes its Global Headquarters in ADGM

Abu Dhabi, March8, 2023 - Gulf Capital, one of the largest and most active Private Equity firms investing from the GCC to South and Southeast Asia, has today announced that it has been awarded a Financial Services Permit (FSP) from the Financial Services Regulatory Authority (“FSRA”) of the Abu Dhabi Global Market (“ADGM”). The newly granted licence will enable Gulf Capital to manage assets and funds as well as to perform other regulated asset management activities in or from the Abu Dhabi Global Market. Launched in Abu Dhabi in 2006, Gulf Capital has now offices in Abu Dhabi, Dubai, Riyadh, Cairo, and Singapore, with its newly inaugurated global headquarters based in ADGM. The company, which was launched in Abu Dhabi in 2006, has a solid and long track record of investing private capital to build global more

Mubadala and Stone Point Capital Announce Agreement to Purchase Minority Stake in Truist Insurance Holdings, Valuing the Business at $14.75 billion

20% stake for $1.95 billion positions Truist Insurance Holdings for long-term success and growth Abu Dhabi, UAE – 7 March 2023 – Mubadala Investment Company, the Abu Dhabi based investment company, announced that it has partnered with primary investor Stone Point Capital, a leading private equity firm focused on the global financial services industry, alongside other co-investors, to purchase a 20% stake for $1.95 billion in Truist Insurance Holdings, Inc., a subsidiary of Truist Financial Corporation (“Truist”; NYSE: TFC).  Based in Charlotte, North Carolina, Truist Insurance Holdings is the sixth-largest insurance broker in the U.S. and operates more than 240 offices through its subsidiaries. The transaction represents an aggregate value of $14.75 billion for Truist Insurance Holdings. Upon closing more

e& Reports a Record 7.4% Growth in Consolidated Net Profit to AED 10.0 Billion in FY 2022

Board proposes dividend of AED 0.40 per share for H2 2022, representing a total dividend of AED 0.80 per share for FY 2022   Abu Dhabi, UAE 6 March 2023: e& today announced its consolidated financial results for fiscal year 2022 reporting an impressive growth in consolidated net profit by a record 7.4 per cent to AED 10.0 billion.   Consolidated revenues reached to AED 52.4 billion, a growth of 4.7 per cent year-over-year, at constant exchange rates, underpinned by the Group’s successful business transformation, expanding to new business verticals and diversifying the revenue streams.    Consolidated EBITDA increased by 3.7 per cent year-over-year at constant exchange rate, to AED 26.2 billion, leading to an EBITDA margin of 50 per cent, highlighting the strong profitability of e&’s more

ADIB Appoints Bushra Al Shehhi as Chief Human Resources Officer

Al Shehhi played a significant role in promoting Emiratisation initiatives at the bank, empowering UAE talents with the necessary tools and expertise to excel in the financial services sector Abu Dhabi, 03 March 2023: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announced today the appointment of Bushra Al-Shehhi as the new Chief Human Resources Officer. Bushra will now oversee the management of human resources affairs, operations, and related strategies for the entire Group, including branches and institutions outside the country that support the bank's business plan and strategic directions for the next phase of ADIB’s growth plan 2025. Commenting on the appointment, Nasser Al Awadhi, Group CEO of ADIB, said: "We are pleased to appoint Bushra to this important role. Her vast experience in the more

Emirates Development Bank approves AED 6.1 billion in financing during FY 2022, representing a 673% YOY increase

• AED 1.8 billion of financing approved to support UAE-based mSMEs   • AED 4.3 billion of loans approved for Large Corporates • EDB’s financing contributed AED 3.5 billion to non-oil GDP and 12,000+ industrial jobs    Abu Dhabi, UAE: 01 March 2023 – Emirates Development Bank (“EDB” or “the Bank”), a key financial engine for the economic development and industrial advancement of the UAE, conducted a Board meeting to review its results for the period ending 31 December 2022. The Board discussed the Bank’s milestone achievements over the course of the year, in addition to its ambitions for 2023 as the Bank continues to support and empower the UAE’s industrial development and economic competitiveness. The Board meeting was Chaired by H.E Dr Sultan more

Abu Dhabi Distribution Company Partners with Sharaf DG to Expand Green Corner Locations Across the Capital

Abu Dhabi, UAE, 27 February 2023 – Abu Dhabi Distribution Company, a subsidiary of the Abu Dhabi National Energy Company (TAQA), today signed a Memorandum of Understanding (MoU) with Sharaf DG, one of the leading retailers in the region, to promote energy efficient products at its stores in Abu Dhabi Mall, Al Wahda Mall, Dalma Mall and Mushrif Mall.  Using the Emirates Authority for Standardization and Metrology (ESMA) rating system, ADDC’s “Green Corner” initiative helps customers choose appliances from a dedicated space in participating retail stores. The products come with energy efficiency labels that include information on appliances’ annual energy consumption rate, providing information on the expected level of savings in their water and electricity consumption. Commenting on the more

EDGE to Supply Thermal Sights to UAE Armed Forces in AED 91 Million Deal

Abu Dhabi, UAE: 24 February, 2023 – EDGE Group, one of the world’s leading advanced technology groups for defence and beyond, today announced a contract with the UAE Armed Forces to supply individual compact thermal sights for decisive manoeuvres on land. Under the terms of the contract, they will deliver three variants of weapons sights that combine modular construction with superior thermal imaging technology. Omar Al Zaabi, President of the Trading & Mission Support cluster at EDGE, said: “EDGE is proud to sign this milestone deal, solidifying our strategic relationship with the UAE Armed Forces and contributing to the UAE’s national defence and security. We look forward to benefitting our customers through our exceptional thermal sight imaging technology, contributing to successful land operations, more

Hostmilano and Tuttofood, Hubs of Excellence in Dubai

• Trade between Europe and the GCC in the sectors represented at HostMilano totaled €1.2 bn in 2022 and will reach €1.5 bn in 2026 (CAGR +6.3%) • In the value chains represented at TUTTOFOOD, Europe-GCC bilateral flows totaled €7.5 bn and will reach €10 bn in 2026 (CAGR +7.4) • HostMilano and TUTTOFOOD are platforms created to offer growth opportunities: over 1,200 companies from at least 44 Countries will showcase at Host 2023, with over 1,200 brands from at least 35 Countries at TUTTOFOOD 2023 and buyers from all over the world at both • The presence in Dubai is part of a series of events scheduled to meet players and buyers on-site in global locations, including: Chicago, Orlando, Toronto and Mexico City in North America; Paris, Lyon, Frankfurt and Düsseldorf in Europe; Abu Dhabi, Dubai more

EDGE Signs Major EUR 1 Billion Milestone Deal with Angolan Navy

Landmark contract for state-of-the-art corvettes to be built by EDGE Group’s naval arm Abu Dhabi Ship Building   Abu Dhabi, UAE: 20 February, 2023 – EDGE Group today signed a major EUR 1 billion milestone contract which will see leading shipbuilder Abu Dhabi Ship Building (ADSB) build a fleet of best-in-class 71 metre corvettes for the Angolan Navy.  The BR71 MKII corvette is a highly sophisticated vessel fitted with advanced mission systems including a 3D radar, electronic warfare suite, secure communications, a main gun, and surface-to-surface and surface-to-air missile systems.  Khalid Al Breiki, President – Platforms & Systems, EDGE said: “Signing a EUR 1 billion defence export deal represents a momentous achievement for EDGE as well as ADSB. This demonstrates our strategic approach more

KEZAD Group Enhances UAE Vision for Food Security via Largest Integrated Hub

Abu Dhabi offers the most integrated industrial and economic hub for Food & AgTech Industry Abu Dhabi, UAE – 19 February 2023: By enhancing its integrated ecosystem and strengthening the food supply chain, Khalifa Economic Zones Abu Dhabi, KEZAD Group is working to realise the UAE’s vision of becoming the world’s best on the Global Food Security Index by 2051. KEZAD is participating in the 28th edition of Gulfood, one of the largest F&B sourcing events in the world, to showcase its products, services and business solutions, and create a strong understanding among the more than 5,000 companies from 125 countries participating in the event. It will be an opportunity for these companies to see how KEZAD creates possibilities in the food sector by providing the right environment for growth and success. Visitors more

EDGE Expands its Portfolio by Acquiring GRADEONE, Further Fortifying the Technology and Defence Conglomerate's Portfolio

• EDGE Group has taken a 70 per cent stake in Abu Dhabi-based GRADEONE • The mutually beneficial acquisition is in line with EDGE’s ongoing expansion plans in the defence sector   Abu Dhabi, UAE: 17 February 2023 – EDGE Group PJSC (‘EDGE’ or the ‘Group’) has taken a 70 per cent stake in Abu Dhabi-based GRADEONE. The company, which specialises in manufacturing non-lethal pyrotechnics, ammunition, defence-related components and packing solutions, as well as defence trading, will join EDGE under its Trading & Mission Support cluster. The announcement comes ahead of the International Defence Exhibition (IDEX) held at the Abu Dhabi Exhibition Centre (ADNEC) from 20 to 24 February.    As one of the world’s leading advanced technology and defence groups, EDGE more

ADNEC Group and Ministry of Defence launch IDEX Think Tank Sessions to Explore Sustainable Solutions for Industry Challenges

- For the first time in IDEX and NAVDEX 2023 Abu Dhabi, UAE, 15 February 2023: ADNEC Group, in cooperation with the Ministry of Defence, announced the launch of IDEX Think Tank sessions for the first time at the 16th edition of IDEX 2023 and the 7th edition of NAVDEX 2023. The exhibitions will be held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE from 20 to 24 February 2023 at the Abu Dhabi National Exhibition Centre. The IDEX Think Tank sessions are a new and innovative concept that will facilitate discussions around topics in the field of defence and security. The sessions will be held during IDEX and NAVDEX 2023 exhibitions, which will attract more than 130,000 defence and security professionals. These closed sessions will be divided among 6 groups of leading defence and security more

EDGE Acquires Majority Stake in Milrem Robotics, Europe's Leading Developer of Robotics and Autonomous Systems

• EDGE takes a majority controlling share  • Tallinn-based Milrem Robotics will expand its capabilities internationally as part of EDGE Group    Abu Dhabi, United Arab Emirates, 15 February, 2023: The UAE’s EDGE Group PJSC (‘EDGE Group’ or ‘EDGE’), one of the world’s leading advanced technology and defence groups, has announced the acquisition of a majority stake in Estonia-based Milrem Robotics, Europe’s leading developer of robotics and autonomous systems. The transactionis the largest foreign investment in Estonia’s growing defence industry, and will see Milrem Robotics join EDGE as a new entity within its Platforms & Systems cluster, complementing the group’s existing multi-domain capabilities.   Established in 2013, Milrem more

Abu Dhabi Chamber Signs Three MoUs to support the Private Sector

- In line with the launch of the Chamber’s new strategy   Abu Dhabi, UAE - 12 February 2023: In line with the launch of the Abu Dhabi Chamber of Commerce and Industry’s (ADCCI) new strategy for the next three years, the Chamber has signed three Memoranda of Understanding (MoUs) with the Federal Tax Authority (FTA), the Statistics Centre - Abu Dhabi (SCAD), and eBay, to support the private sector in the Emirate of Abu Dhabi and enable it to reach its full potential.   The signing of the MoUs comes as part of the Chamber’s efforts to promote the growth of Abu Dhabi’s economy by empowering the private sector. It reflects the Chamber’s role as a policy advocator, networker, and service provider, as part of its new strategy.   His Excellency Mohamed Helal Al Mheiri, Director more

Multiply Group Reports Net Profit of AED 18.56 billion for FY 2022

ABU DHABI, 10 February 2023 – Multiply Group (ADX: MULTIPLY), an Abu Dhabi-based investment holding company, reported AED 18.56 billion in net profit for 2022, driven by the strong performance of the Group's investments and growth in its operating portfolio.  Despite several global headwinds, most of its subsidiaries showed growth in operating profits in 2022, highlighting the strength of these businesses and the resilience of their industries. For example, Emirates Driving Company (EDC) grew by 51%; Viola Communications grew by 203%, supported by post-covid spending on events and out-of-home media and the growth of the economy; and Omorfia Group grew by 47%.  The Group deployed more than AED 12 billion in 2022, making strategic investments in dynamic and healthy businesses across high-growth thematic industries more

Abu Dhabi Exports Office Signs AED445 Million Green Finance Agreements with Angola

Abu Dhabi, 10th of February 2023 – The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), signed two green finance agreements with the government of Angola, valued at AED445 million (US$121.3 million). The financing is provided in cooperation with Standard Chartered Bank.    One agreement, valued at AED330 million (US$90 million), relates to the acquisition of an analytical platform, main data center, backup data center and national cloud platform in order to strengthen the Angolan IT sector. The project will be carried out by Presight, a G42 company, which specializes in big data analysis powered by artificial intelligence and cloud computing.   The other agreement, valued at AED115 million (US$31.3 million), will allow Mark Cables, a UAE company specialized in more

LG Announces 2022 Financial Results

Highest Full-Year Revenue in LG Electronics’ History with Continuous Growth Based on Strong Fundamentals DUBAI, January 30, 2023 — LG Electronics Inc. (LG) announced full-year 2022 consolidated revenue of KRW 83.5 trillion with operating profit of KRW 3.6 trillion.  In 2022, LG achieved its highest annual revenue ever – surpassing KRW 80 trillion for the first time in its history – increasing 12.9 percent over 2021, when sales exceeded KRW 70 trillion for the first time. The record sales reflect continuous growth based on strong fundamentals, although full-year profitability was impacted by challenging global economic conditions. The company’s revenue growth 2022 was driven by strong demand for premium home appliances and automotive parts. For the seventh consecutive year, the appliance more

AD Ports Group Receives World-Class Recognition for Outstanding Investment in Employees

AD Ports Group has maintained its ‘We Invest in People’ Platinum Accreditation for 2023, demonstrating its pledge to holistic employee growth and dynamic people development   Abu Dhabi, UAE – 29 January 2023: Having been the first organisation in the region to be awarded the prestigious IIP Platinum Accreditation by Investors in People (IIP) in 2019, AD Ports Group announced today that it has retained its ‘We Invest in People’ platinum-level accreditation for the fourth consecutive year, following a thorough strategic review assessment.  This prestigious accreditation is the highest accolade the ‘Investors in People’ bestows and is the highest that can be achieved against the IIP standard. Only two percent of 50,000 participating organisations from 66 countries, reached this more

Arab Bank Group Reports Net Profits of $544.3 million for 2022, 25% Cash Dividends

Dubai, UAE, 28th January 2023: Arab Bank Group achieved solid results for the period ending December 31, 2022, with net income after tax of $544.3 million as compared to $314.5 million in 2021. The Group’s performance was driven by robust growth in its core banking business across different markets, as net profit before provisions and tax increased by 23% to reach 1.35 billion US dollars. Excluding the impact of devaluation of several currencies against the US dollar, loans and deposits grew by 5% to reach $35.4 billion and $ 47.7 billion, respectively, despite the volatile operating environment. In view of these results, the Board of Directors has recommended to the shareholders, the distribution of 25% cash dividends for the financial year 2022. Mr. Sabih Masri, Chairman of the Board of Directors, commented that Arab more

SAP Announces Q4 and FY 2022 Results

• All financial outlook metrics met in FY 2022 • Cloud revenue up 33% and up 24% at constant currencies in FY 2022. Q4 S/4HANA cloud revenue further accelerates, up 101% and up 90% at constant currencies • Current cloud backlog exceeds €12 billion, up 27% and up 24% at constant currencies • IFRS cloud gross profit up 38%, non-IFRS cloud gross profit up 37% and up 28% at constant currencies in FY 2022 • IFRS operating profit flat, non-IFRS operating profit down 2% and down 7% at constant currencies in FY 2022. Q4 IFRS operating profit up 17%, non-IFRS operating profit up 5% and up 2% at constant currencies • 2023 outlook anticipates accelerating topline and double-digit non-IFRS operating profit growth • Targeted restructuring in 2023 reflects focus on strategic growth areas and more

BEACON RED Earns Great Place to Work® Certification for the Second Year in a Row

93 per cent of employees said BEACON RED is a Great Place to Work® Abu Dhabi-UAE: 19 January, 2023 – EDGE Group entity, BEACON RED, an advanced solutions provider that focuses on tackling complex national security challenges, is proud to be certified™ by Great Place to Work® for the second year in a row. The prestigious award is based entirely on what current employees say about their experience working at BEACON RED. This year, 93 per cent of employees voted that BEACON RED is a Great Place to Work®. BEACON RED benchmarks itself against leading global companies, and prides itself on developing a high-performance culture, embracing diversity, and working as one team to tackle the most complex security challenges. With more than 272 employees from 31 countries, BEACON RED attracts the world’s most elite more

CBI Net Profit Increases by 15% to AED 150 million in 2022

19 th January 2023:  Commercial Bank International (‘CBI’ or ‘the Bank’) has announced its full year 2022 financial results. Key financial result highlights:  • Annual net profit increased by 15%, from AED 131 million in 2021 to AED 150 million in 2022.   • Quarterly net profit increased by 11% from AED 45 million in Q3 2022 to AED 50 million in Q4 2022.   • Loans and advances increased from AED 11.8 billion in 2021 to AED 12.9 billion as of 31 December 2022, representing a year-on-year growth of 9%.   Commenting on the Bank’s 2022 performance, Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International, said: “Thanks to our continuous focus on being a client-centric bank with our dedicated colleagues relentlessly delivering highest more

Direct TT Granted SCA License for Financial Consulting and Financial Analysis in the United Arab Emirates

DTT Group plans to invest USD 10 million to further expand its regional operations and fintech research and development      Dubai, United Arab Emirates – January 19, 2023: Direct TT, one of the world’s leading financial consultancy firms and part of the DTT Group, a globally recognised and regulated financial services provider, acquired the UAE Securities and Commodities Authority (SCA) license for Financial Consultancy and Financial Analysis. The DTT Group further announced its plans to invest USD 10 million over the next two years in its regional operations and fintech research and development. As part of the acquisition, Direct TT will offer its clients regulated, reliable financial research and analysis, along with scientific data based on more than 25 years of experience, to forecast price trajectory more

Abu Dhabi Distribution Company Unveils AED 20 Million Investment to Reduce Electricity Consumption in Abu Dhabi Mosques

Partnership with General Authority of Islamic Affairs & Endowments will reduce 20% of electricity consumption in 850 mosques 18, January 2023: In line with the country’s strategy to conserve resources and rationalize consumption using the latest technology, Abu Dhabi Distribution Company (ADDC) has signed a Memorandum of Understanding (MoU) in collaboration with the General Authority of Islamic Affairs & Endowments (AWQAF) to invest approximately AED 20 million in a project that will optimize air conditioning (AC) equipment in 850 mosques, which equals 65% of the mosques in the Abu Dhabi and Al Dhafra regions. Combined, these mosques serve over half a million worshipers.  Through the collaboration between ADDC and AWQAF, the project will reduce 20% of electricity consumption in these mosques, saving 26 more

AD Ports Group Signs Strategic Agreements with KazMunayGas and Kazakhstan's Ministry of Industry & Infrastructural Development

Collaboration includes Marine Fleet and Coastal Infrastructure in Key Market for Energy, Transport and Logistics       Abu Dhabi, UAE – 18 January 2023: In the presence of the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the President of the Republic of Kazakhstan Kassym-Jomart Tokayev, AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics, and industry, has signed a strategic partnership agreement with Kazakh National Oil Company (KazMunayGas) and a Memorandum of Understanding (MoU) with the Ministry of Industry & Infrastructural Development for strategic cooperation in the development of a marine fleet and coastal infrastructure in the Caspian and Black seas. The agreements build upon the shareholder agreement signed in December with KMTF more

SCAD & DoE Sign Data Collaboration Agreement

Abu Dhabi - 17, January 2023 – Statistics Centre – Abu Dhabi (SCAD) and the Abu Dhabi Department of Energy (DoE) have signed a service-level agreement that allows collaboration between the two parties in the field of statistical integration as part of a strategy to develop an advanced statistical ecosystem which provides high-quality statistics through a decentralised model.  The agreement was signed by HE Ahmed Mahmoud Fikri, the Director General of SCAD and HE Eng. Ahmed Mohammed Belajer Al Rumaithi, Undersecretary of the Abu Dhabi Department of Energy (DoE), on the sidelines of the 15th edition of the Abu Dhabi Sustainability Week (ADSW) 2023, which is held on January 14-19, 2023, under the patronage of UAE President HH Sheikh Mohamed bin Zayed Al Nahyan.  According to the agreement, SCAD would support DoE more

ADEX Signs Agreement with Korea Trade Insurance Corporation to Promote Trade and Investment

Abu Dhabi, January 17, 2023 – Abu Dhabi Exports Office (ADEX), - signs an agreement with the Korea Trade Insurance Corporation (K-SURE), on the sidelines of the UAE-Korean Business Forum, organized by the Abu Dhabi Chamber of Commerce & Industry. His Excellency Yoon Suk-yeol, President of South Korea, was present at the event.   The agreement aims to promote Emirati exports, drive investment, and explore fresh opportunities to carry out partnership projects, especially in the field of hydrogen, nuclear and renewable energy, and electric vehicles, thus increasing the volume of trade between the UAE and South Korea.   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 Committee of the Abu Dhabi Exports more

A New Legacy Unfolds for Gargash Group with Launch of the All-New GAC EMPOW'

• EMPOW, the Sporty Sedan by GAC Motor makes debut in UAE and Middle East Market  • Customers can expect an exhilarating drive packed with advanced smart features, stunning racecar design and ultimate handling  • GAC Motor was the first ever Chinese brand to take part in the Gumball 3000, the world's most extravagant car rally     Abu Dhabi-UAE, January 2023: Gargash Group, one of the largest distributors of luxury performance-oriented cars in the UAE, today unveiled the all-new GAC EMPOW at an invite-only event held at the Yas Marina Circuit. where attendees got up close and personal with the new model.   The all-new EMPOW continues on GAC Motor’s tradition and is built to deliver an exhilarating drive packed with advanced smart features, stunning racecar design and more

Anwar Gargash Diplomatic Academy Hosts H.E. Ambassador Lana Nusseibeh on UAE's First Year on United Nations Security Council

• The UAE’s Ambassador and Permanent Representative to the United Nations shed light on the UAE’s progress and achievements over the past year on the UNSC   05, January 2023 – Abu Dhabi, United Arab Emirates:  The Anwar Gargash Diplomatic Academy (AGDA), the UAE’s leading diplomatic centre that trains and prepares current and future diplomats, yesterday hosted Her Excellency Lana Nusseibeh, Assistant Minister of Foreign Affairs and International Cooperation for Political Affairs and Permanent Representative of the UAE to the United Nations, in an eye-opening discussion that reflected back on the progress achieved during the UAE’s first year on the United Nations Security Council.   The discussion, which was moderated by His Excellency Nickolay Mladenov, Director General of more

ADNEC Group Signs Cooperation Agreement with ECSSR

- The MoU aims to enhance cooperation to establish Abu Dhabi’s position as a global destination for major events and conferences   Abu Dhabi, UAE - 3 January 2022: ADNEC Group has signed a cooperation agreement with the Emirates Center for Strategic Studies and Research (ECSSR), to enhance cooperation and support the conference and events sector specializing in defense, security.   The agreement was signed at ECSSR’s headquarters, in the presence of His Excellency Dr. Sultan Mohammed Al-Nuaimi, Director General of the ECSSR, Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, and senior officials from the two sides.   His Excellency Dr. Sultan Mohammed Al-Nuaimi, Director General of the ECSSR, said: “We are pleased of our collaboration with ADNEC Group, which has a more

Malaria No More and Reaching the Last Mile Announce Expansion of Climate & Health Initiative with a new $5 million grant

His Highness Sheikh Theyab bin Mohammed bin Zayed, Member of the Executive Council, oversaw the partnership signing between Nassar Al Mubarak from RLM, Martin Edlund, CEO of MNM, and Professor Dr. Eric Xing, President of MBZUAI    Abu Dhabi, January 03, 2023 – His Highness Sheikh Theyab bin Mohammed bin Zayed, Member of the Executive Council witnessed the Malaria No More (MNM) announcement of the expansion of its climate and health initiative, Forecasting Healthy Futures, through a new 3-year, US$5 million award from the Reaching the Last Mile initiative (RLM).    Forecasting Healthy Futures (FHF) is a consortium of leading health and technology organizations working to prevent the effects of climate change from hindering progress toward disease elimination. Launched in 2020 through seed more

AD Ports Group Delivers Remarkable Growth Story in Transformational 2022

AD Ports Group Achieved Global Expansion and Record Results in First Year as Publicly Listed Entity   Abu Dhabi, UAE, 1 January 2023: AD Ports Group delivered on its commitment to produce remarkable results and extend its international reach in its first year as a publicly traded company, with 2022 becoming one of the most important years in the company’s storied history so far. The year started with the listing of AD Ports Group’s shares for the first time on Abu Dhabi Securities Market (ADX) and continued with remarkable achievements through to December 2022, when it was honoured to welcome His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to inaugurate the expansion of Khalifa Port. The expansion works position Khalifa Port among the global elite of deep-water ports, with an estimated value more

KEZAD Group Advances Support for Abu Dhabi Industrial Strategy with 500,000 Metric Tonnes Dana Steel Project

New 50,000 sqm facility will help Dana Steel replace imported raw materials with ‘Made in UAE’ supply   Abu Dhabi, UAE – 30 December 2022: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial hub of Abu Dhabi, has signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomerate Dana Group, for the establishment of its first hot and cold rolling steel complex in Abu Dhabi.  Under the terms of the agreement, Dana Steel will invest to develop a 50,000 square metres facility in KEZAD. The new complex will facilitate backward integration of the company’s continuous galvanising and continuous colour coating lines and will have 500,000 Metric Tonnes Rolling Capacity. This approach will help boost Dana Steel’s more

MBZUAI brings together Global AI Experts in Abu Dhabi to Explore Deep Neural Networks

• The four-day event will offer more than 25 sessions aimed at finding solutions in fraud detection, gene mapping, and fake news. • The event will bring together more than 200 global experts in machine learning, applied mathematics, signal processing and optimization to discuss advances in their fields, artificial neural networks, and ways to strengthen deep learning. • Co-chaired by AI leaders Yi Ma (UC Berkeley) and Eric Xing (MBZUAI)   Abu Dhabi, UAE - December 29, 2022:  Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), will hold its first AI Quorum of 2023 on January 3-6, with more than 200 AI experts confirmed to join. The four-day event is focused on challenges and opportunities related to deep neural networks (DNN), which are key in helping computers have the resources and more

Major 450,000 sqm Metal Park Breaks Ground in KEZAD

The integrated Metal Park will help leading companies adapt to market demand without infrastructure constraint     Abu Dhabi, UAE – 26 December 2022: Senior executives from Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial hub of Abu Dhabi, have attended the ground breaking of Metal Park Investment ME LTD’s integrated Metal Park in Abu Dhabi. Covering a total land area of 450,000 square metres, the upcoming Metal Park in KEZAD will be equipped with state-of-the-art facilities to support storage and handling, processing, and fabrication activities, in addition to offering access to research and development amenities, rental office space, and associated financial services all in one location.  Membership will enable Metal Park Investment ME more

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Daman Consolidates its Leading Position with Five Global Awards…

- Al Mehyas earns three awards, including Insurance Personality of the Year - Daman wins two awards for its commitment to digital innovation and CSR.    Abu Dhabi, UAE; 22 December 2022: The National Health Insurance Company – Daman has won five international awards that emphasise its best practices and exceptional performance across a range of fields, including health more

Abu Dhabi's ASPIRE Announces Four Visiting International Professorships in Energy, Aerospace, ...…

21, December 2022 – In line with its vision of building a world-class R&D hub in Abu Dhabi, ASPIRE, today announced four Visiting International Professorships (ViPs). With AED10 million of research funding, the program has attracted the highest-caliber researchers from leading global institutes to build international networks and further advance meaningful research in priority areas for more

ADNEC Group Receives first Kitemark Innovation Management Certification within the Events Sector…

• As part of ADNEC Groups important achievements for their Innovation Management in the events industry • Further demonstrating the company’s level of excellence   Abu Dhai, UAE, 20th December 2022:  ADNEC Group has been awarded the Kitemark Innovation Management Certification from BSI Auditor and are the first organisation globally within the events sector to more

Euro Auctions Middle East to Expand UAE Operations with Region's Largest Auction House at KEZAD…

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Emirates Development Bank named Best Micro Finance Bank in the Middle East by 2022 Global Banking & ...…

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Tadweer transferred to ADQ's Portfolio…

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NYU Abu Dhabi Joins Forces with MBRSC on Its Much Anticipated Emirates Lunar Mission Launch…

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Emirates Development Bank and ADCB to Partner on Credit Guarantee Scheme for UAE SMEs…

Abu Dhabi, United Arab Emirates, 12 December 2022: Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the nation, and Abu Dhabi Commercial Bank PJSC (ADCB), the third largest bank in the UAE by assets, have announced the signing of a Memorandum of Understanding (MoU) to boost financial inclusion of small-to-medium sized enterprises more

The 200 M doses Hayat Biotech's Life Sciences Park Plant Opens in Abu Dhabi…

• Further establishing Abu Dhabi as a life sciences/biotech hub • Accelerate research and development for the region   The facility in Khalifa Economic Zone Abu Dhabi (KEZAD) is set to boost national and international drug security efforts   Abu Dhabi, UAE, December 9, 2022 - Hayat Biotech, the UAE based biotechnology leader, announced the completion of more

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