Abu Dhabi, UAE – In a meeting held on June 15, 2024, UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan met with Dhoihir Dhoulkamal, Minister of Foreign Affairs, Cooperation, African Integration and Comorians Abroad of the Union of the Comoros. The discussion focused on solidifying the bond between the two nations and exploring avenues for broader cooperation. Sheikh Abdullah bin Zayed […]
The United Arab Emirates (UAE) is poised to become a major player in the global hydrogen industry with the announcement of a new $272 million hydrogen equipment manufacturing complex. The project, a collaboration between Abu Dhabi’s Department of Economic Development (ADDED) and Dubai-based Broaden Energy, signifies a significant step forward for the UAE’s National Hydrogen Strategy, which aims to position the country as a top 10 producer […]
One million people will be trained with AI within three years By 2031, 40% of GDP is to be generated with AI Global giants such as Microsoft, Google, and IBM are at the start DUBAI, UAE – Newsaktuell – 14 June 2024 – Dubai is increasingly becoming a global center for artificial intelligence. To this end, the metropolis of the day after tomorrow on the Gulf has […]
Hedge funds from Britain are increasingly choosing Abu Dhabi as their new frontier, lured by the emirate’s thriving financial sector and its role as a gateway to the region’s burgeoning wealth. This trend comes amid a surge in Abu Dhabi Global Market (ADGM), the international financial center, which reported a staggering 211% increase in Assets Under Management (AUM) in the first quarter of 2024 compared to the […]
Emirates Global Aluminium (EGA), a titan of UAE industry outside the oil and gas sector, has taken a significant step towards its sustainability goals. The company announced that its recent acquisition of Leichtmetall, a European specialty foundry, was financed entirely through its first-ever green loan facility. Financial details of the acquisition remain undisclosed, but the innovative use of green financing underscores EGA’s commitment to environmental responsibility. Leichtmetall’s […]
Arabian Post Staff -Dubai The opening of the opulent “Arabian Nights” casino complex just outside Dubai has sent shockwaves through the region’s investment landscape, triggering a surge of interest and igniting a gold rush for land and property near the glitzy new resort. For decades, Dubai has thrived as a financial center and tourist destination, but its strict adherence to Islamic law, which prohibits gambling, limited its […]
Abu Dhabi’s upcoming SHA Emirates Island, envisioned as the world’s first well-being focused community, is set to become a pioneer in self-driving transportation. A collaboration between Bayanat, a geospatial data specialist, and Imkan Properties, the developer behind SHA Emirates, aims to create a comprehensive and AI-powered transportation ecosystem on the island. This initiative will see SHA Emirates rely heavily on autonomous vehicles for moving people, goods, and […]
By Saifur Rahman Property developers in the UAE and the GCC countries have raised US$4.3 billion (Dh15.48 billion) utilising debt market instruments such as bonds and Islamic sukuks to fund existing and future real estate projects, according to latest announcements. These include the successful closure of the latest US$400 million (Dh1.46 billion) sukuk issuance by Arada Developments LLC, a Sharjah-based developer of mixed-use communities, that was oversubscribed […]
ADNOC Drilling Company and Alpha Dhabi Holding, a strategic investment firm, announced a significant development for their joint venture, Enersol RSC LTD. Enersol has agreed to acquire an additional 42. 206% stake in Gordon Technologies LLC, a US-based leader in oil and gas measurement and drilling technology. This acquisition elevates Enersol to the position of majority shareholder in Gordon Technologies. The deal, valued at approximately $270 million, […]
The United States Embassy in Abu Dhabi has reiterated its commitment to the well-being of Emirati students studying in American institutions. This renewed assurance comes amidst ongoing concerns about the safety of international students, particularly those from the Middle East. The embassy’s message of support was delivered during a recent meeting with representatives from the UAE Ministry of Higher Education. Officials emphasized the paramount importance placed on […]
The Bermuda Monetary Authority (BMA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced a significant collaboration aimed at streamlining the development and oversight of digital asset businesses within their respective jurisdictions. This partnership, formalized through a Memorandum of Understanding (MoU), establishes a framework for the two regulatory bodies to work together on information sharing, regulatory cooperation, and fostering a secure environment […]
Dubai-based property technology (PropTech) company Stake has secured $14 million in a Series A funding round. The investment, led by Middle East Venture Partners (MEVP), a prominent UAE venture capital firm, signifies growing confidence in the future of fractional real estate ownership facilitated by digital platforms. Stake’s funding round attracted a diverse group of investors. Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi, participated alongside […]
The Emirate of Abu Dhabi is poised to become a key player in the global pharmaceutical and life sciences distribution landscape. This ambitious goal is taking flight thanks to a strategic partnership between four major entities:the Department of Health – Abu Dhabi (DoH), the Abu Dhabi Investment Office (ADIO), Etihad Airways, and AD Ports Group. The collaborative effort, announced in June 2024, aims to leverage Abu Dhabi’s […]
Arabian Post Staff -Dubai In a move designed to bolster its appeal as a business hub, Abu Dhabi has unveiled a streamlined licensing process for companies operating within the emirate. The Abu Dhabi Department of Economic Development (ADDED), working alongside the Abu Dhabi Free Zones Council, launched the Unified Economic License initiative. This new system promises to simplify business setup across the emirate, including its free zones. […]
Arabian Post Staff -Dubai The Abu Dhabi real estate sector is experiencing a surge in foreign investment, buoyed by a record-breaking first quarter (Q1) of 2024. According to the Abu Dhabi Real Estate Centre (Adrec), the custodian and regulator of the emirate’s real estate sector, foreign direct investment (FDI) reached a staggering $482 million (AED 1. 81 billion) during this period. This windfall represents a significant increase […]
Abu Dhabi Police officials recently conducted a comprehensive review of the Medical Services Directorate’s development initiatives. The evaluation aimed to assess the Directorate’s effectiveness in providing high-quality healthcare services to police personnel, their families, and other beneficiaries. During the review, Major General Khalil Dawood Badran, Director General of Finance and Services at Abu Dhabi Police GHQ, emphasized the department’s unwavering commitment to enhancing the caliber of medical […]
Sheikh Saif bin Zayed Al Nahyan, brother to the President of the United Arab Emirates (UAE), Sheikh Mohamed bin Zayed Al Nahyan, donned his graduation robes (though figuratively this time) to celebrate the achievements of Zayed University’s Class of 2024. The esteemed guest attended the university’s commencement ceremony, underscoring the importance the nation places on education and its future generation of leaders. Zayed University, a prestigious institution […]
The United Arab Emirates (UAE) has taken a significant step towards safeguarding its natural heritage with the identification of nine crucial areas classified as Key Biodiversity Areas (KBAs). This designation, recognized by the Key Biodiversity Areas Secretariat, highlights the UAE’s commitment to environmental conservation and its contribution to global biodiversity efforts. These KBAs encompass a remarkable variety of ecosystems, ranging from the arid desertscapes of Dubai and […]
The Abu Dhabi Municipality recently hosted a symposium titled “Shaping Skylines with Silicon:AI and the Future of Urban Planning, ” bringing together urban planners, technologists, and academics to explore the burgeoning role of artificial intelligence in city development. The gathering underscored the immense potential AI holds for optimizing urban spaces, with discussions ranging from traffic management and resource allocation to infrastructure design and disaster preparedness. Dr. Layla […]
VOYEX is the first female-founded Private Jet and 360-Luxury Solutions company in the MENA region, proudly pioneering the way for diversity in the industry and championing women as they make their move to the skies and executive roles. Founded by Lilit Avetikyan, an accomplished executive with 11+ years in the aviation industry, VOYEX stands out for travellers seeking a truly curated end-to-end journey. We speak with Avetikyan, […]
The Liwa Date Festival, a cornerstone of Abu Dhabi’s cultural calendar, is set to return this summer for its 20th edition. The festival, which celebrates the region’s rich date-growing heritage, will be held from July 15th to 28th in Liwa City, located in the Al Dhafra region. Organized by the Abu Dhabi Heritage Authority, the event aims to showcase the importance of date farming and support local […]
Abu Dhabi marked a significant milestone for the Make-A-Wish Foundation, hosting the organization’s annual conference, the Global Wish Summit, for the very first time in Asia. Held on June 3rd, 2024, the summit brought together over 150 leading figures in local, regional, and international charity and community work. The Make-A-Wish Foundation UAE, along with 37 other chapters from around the world, participated in the landmark event. Hani […]
Germany’s national railway company, Deutsche Bahn (DB), has narrowed down the contenders vying to acquire its logistics subsidiary, Schenker, to a select group. After a rigorous selection process, four finalists have been chosen to enter the final round of bidding. These finalists represent a diverse range of industry players. Maersk, a global leader in container shipping, seeks to expand its logistics footprint. DSV, a Danish freight forwarding […]
The ruler of Fujairah, His Highness Sheikh Hamad bin Mohammed Al Sharqi, expressed his deepest condolences on the passing of Saeed bin Ahmed bin Khalfan Al Otaiba. Sheikh Hamad conveyed his sincere sympathies to the Al Otaiba family and the wider UAE community in a message sent on May 31, 2024. Praising Al Otaiba’s lifetime of service, Sheikh Hamad recognized his significant contributions to the nation. Al […]
