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The Indian beauty sector received a significant shot in the arm recently with a $120 million investment in online retailer Purplle Group. The funding round, designated as Series E, was spearheaded by a subsidiary of the Abu Dhabi Investment Authority (ADIA), a prominent sovereign wealth fund. This investment, coupled with additional contributions from other participants, has propelled Purplle’s valuation to a staggering $1. 3 billion, solidifying its […]

Abu Dhabi’s airports witnessed a phenomenal increase in passenger traffic in 2023, with a staggering 40% surge compared to the previous year. This translates to a whopping 11. 1 million arrivals and 11. 3 million departures, according to official data released by the Statistics Centre – Abu Dhabi. This significant growth is attributed to a combination of factors, including strategic air transport agreements implemented by the country’s […]

The Abu Dhabi Islamic Bank (ADIB) emerged as a frontrunner in the UAE’s sustainable finance sector in 2023, facilitating a notable Dhs5. 6 billion ($1. 52 billion) towards various sustainable projects. This revelation came in the bank’s 2023 ESG Report, which outlined ADIB’s commitment to achieving net-zero carbon emissions by 2030. ADIB’s sustainable finance strategy encompasses a diverse range of activities, including financing renewable energy and clean […]

Abu Dhabi’s state-owned drilling company, ADNOC Drilling, has secured a significant contract worth approximately $733 million for three cutting-edge island drilling rigs. These rigs will bolster operations at the offshore Zakum field, a prolific oil and gas producer for the emirate. The new rigs will be constructed on existing and newly developed artificial islands, strategically positioned for optimal drilling and well completion within the Zakum field. Equipped […]

The energy sector is poised for a significant technological leap as the Abu Dhabi National Oil Company (ADNOC) and e&, a UAE-based tech and telecom group, announced a groundbreaking partnership to develop the industry’s largest private 5G network. Spanning an impressive 11, 000 square kilometers, this high-bandwidth connectivity solution will revolutionize ADNOC’s operations across both onshore and offshore facilities. This strategic collaboration marks a significant milestone in […]

Amazon is revving up its sustainability efforts in the Middle East by collaborating with authorities in the United Arab Emirates (UAE) to launch an electric vehicle (EV) delivery fleet. This initiative aligns with the UAE’s push for a greener transportation sector and complements Amazon’s global commitment to reduce its environmental footprint. Prashant Saran, a senior executive overseeing operations in Amazon Turkey, Middle East and Africa, revealed the […]

The United Arab Emirates (UAE) prepares to host the first edition of the Abu Dhabi Space Debate today, a landmark event designed to propel the global space industry forward. This two-day gathering, taking place on December 5th and 6th, 2022, will convene high-level government officials, industry leaders, and space exploration experts to tackle the most pressing challenges and opportunities facing the burgeoning space sector. The Abu Dhabi […]

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Mubarak Al Mansoori, a key figure at Agthia Group, has been selected to participate in the judging panel for the upcoming EEA 2024. This prestigious appointment underscores Agthia’s unwavering commitment to industry excellence and its ambitious plans for continued growth. The EEA, or Emirates Environmental Awards, is a highly respected program that recognizes and celebrates outstanding environmental efforts across various sectors in the United Arab Emirates. The […]

Etihad Airways, the national airline of the United Arab Emirates, has announced a significant pilot recruitment campaign to support its ambitious growth strategy. The Abu Dhabi-based carrier aims to double its fleet size by 2030, necessitating the hiring of hundreds of pilots over the next 18 months. This expansion plan reflects a renewed optimism within Etihad Airways. The airline, like many in the industry, navigated a turbulent […]

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and e& UAE, a leading integrated telecommunications conglomerate, have inked a strategic collaboration agreement aimed at propelling the growth of small and medium-sized enterprises (SMEs) in the Emirate. This partnership signifies a significant step towards bolstering the Emirate’s business environment by harnessing the power of innovative communication solutions and advanced digital services. Through this collaborative effort, the ADCCI […]

Dubai and Abu Dhabi, the glitzy emirates of the United Arab Emirates (UAE), have cemented their positions as regional leaders and climbed the ranks of the world’s most liveable cities according to the Economist Intelligence Unit’s (EIU) 2024 Global Liveability Index. The report, released on June 27th, highlights the UAE’s growing strength in liveability. Both Dubai and Abu Dhabi secured spots in the coveted “very high” liveability […]

Arabian Post Staff -Dubai For decades, Abu Dhabi National Oil Company (Adnoc) embodied the image of a traditional state-controlled oil producer, content to focus on its vast reserves. However, that perception is undergoing a dramatic transformation. Armed with a $150 billion war chest, Adnoc is rapidly emerging as a major player in the global energy market, actively pursuing strategic acquisitions. This week, Adnoc sent shockwaves through the […]

Singapore-based electric vehicle (EV) company SingAuto has announced a major expansion into the United Arab Emirates (UAE), bringing with it plans to develop a colossal commercial electric vehicle industrial district in Abu Dhabi. This initiative marks a significant step forward for both SingAuto’s ambition to be a leader in sustainable logistics and the UAE’s goal of becoming a prominent player in the global clean energy and smart […]

Arabian Post Staff -Dubai Masdar, a clean energy company headquartered in Abu Dhabi, is poised for a significant expansion in the United States, according to a recent report. The company, which has established itself as a leader in renewable energy development internationally, is looking to leverage its expertise in the booming US clean energy market. Masdar’s US ambitions come amid a growing demand for renewable energy sources […]

Arabian Post Staff -Dubai Middle Eastern sovereign wealth funds, which manage trillions of dollars in assets on behalf of governments, significantly increased their investments in China last year. According to a new report by research firm Preqin, these funds deployed a record $2. 3 billion into Chinese companies in 2023, marking a substantial leap from the previous year’s total of $300 million. Analysts attribute this surge in […]

The United Arab Emirates’ renewable energy champion, Masdar, announced a significant move into the European market on June 20th, 2024, with a definitive agreement to acquire a controlling stake in Greece’s Terna Energy. The deal, valued at €3. 2 billion ($3. 4 billion), positions Masdar to become a major player in the European renewable energy sector and propel Greece’s clean energy ambitions. Under the terms of the […]

British oilfield services and engineering company John Wood Group Plc is setting its sights on expanding its presence in the Middle East, even as it negotiates a potential takeover by Dubai-based engineering and consulting firm Sidara. This move comes amid growing demand for energy transition solutions in the region. Wood Group revealed plans to establish an energy transition hub in Abu Dhabi by August 2024. Gerry Traynor, […]

The Abu Dhabi Future Energy Company (Masdar), a leading force in the United Arab Emirates’ clean energy sector, announced a significant acquisition on June 20, 2024. Masdar has struck a definitive agreement with GEK TERNA SA and other shareholders of TERNA ENERGY SA, a prominent Greek renewable energy company. The deal signifies Masdar’s ambitious plans to solidify its presence in the European renewables market. The agreement entails […]

Nomura, a leading Japanese investment bank, has scored another win in its cryptocurrency ambitions after its digital asset unit, Laser Digital, secured a license from Abu Dhabi. This regulatory approval from the Financial Services Regulatory Authority (FSRA) permits Laser Digital to provide brokerage services for both traditional and digital assets, solidifying Abu Dhabi’s position as a burgeoning hub for crypto businesses. The license, officially a Financial Services […]

Arabian Post Staff -Dubai The Abu Dhabi government has announced the listing of $5 billion worth of bonds on the Abu Dhabi Securities Exchange (ADX), a move designed to strengthen the emirate’s financial market and attract new investment. The bond issuance will be divided into three tranches, with the listing process commencing on June 21st. This initiative aligns with Abu Dhabi’s broader economic goals of diversification and […]

Etihad Airways, the UAE’s national carrier, has inaugurated a new route connecting Abu Dhabi to Jaipur, a significant cultural and commercial center in northwest India. The service, marked by a celebratory event at Jaipur International Airport today, offers four non-stop flights per week. This expansion strengthens Etihad’s presence in the Indian market, a sector experiencing a surge in outbound travel. The airline has increased its India capacity […]

The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, has entered into a strategic partnership with a leading Indian defense company, according to sources familiar with the deal. Specific details regarding the agreement, including the identity of the Indian company and the size of the stake acquired, remain undisclosed. However, industry analysts suggest the move signifies ADIA’s growing interest in the burgeoning […]

The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, is partnering with private equity giant Advent International to invest up to $3 billion in Fisher Investments, a Texas-based independent money management firm. This significant investment marks a strategic move for both parties, with ADIA seeking to diversify its portfolio and Advent aiming to leverage its expertise to accelerate Fisher Investments’ growth. The […]

The Al Ain Police Officers Club is fostering a platform for dialogue and empowerment with its annual Women’s Forum. This year’s edition, launched in late June 2021, reflects the Abu Dhabi Police’s commitment to community engagement and social cohesion. Lieutenant Colonel Huda Ghareeb Al Shamesi, Head of Women Police at the Al Ain Police Directorate, emphasized the leadership’s dedication to women’s advancement during the forum’s launch. The […]

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