Abu Dhabi is poised to become a key player in the future of secure space communications with the inauguration of the Middle East’s largest quantum optical ground station. Developed by the Technological Innovation Institute (TII), the Abu Dhabi Quantum Optical Ground Station (ADQOGS) marks a significant leap for the United Arab Emirates (UAE) in the space technology sector. The ADQOGS is a specialized telescope facility designed to […]
The Abu Dhabi Entertainment Company (ADEC) has unveiled a collaborative effort to elevate the emirate’s sporting infrastructure. The initiative, announced on March 8th, 2024, signifies a commitment to fostering a more vibrant sporting community within Abu Dhabi. This ambitious project will see ADEC join forces with Sanad, Strata Manufacturing, and Solutions+. Sanad, a prominent Emirati defense and security solutions provider, brings its dedication to community empowerment through […]
The Sheikh Zayed Festival in Abu Dhabi, a vibrant celebration of Emirati culture and heritage, has secured its place in the 2024 Guinness World Records. The festival’s dazzling New Year’s Eve extravaganza culminated in the official recognition of four awe-inspiring feats. The record-breaking night unfolded with a pyrotechnic spectacle unlike any other. Three of the festival’s achievements were related to the fireworks display, a mesmerizing display of […]
The Abu Dhabi Judicial Department (ADJD) has announced plans to facilitate virtual visits for inmates in Correction and Rehabilitation Centres across the emirate during the holy month of Ramadan. This initiative aims to maintain family connections and offer a sense of normalcy for those observing Ramadan while incarcerated. Inmates will be able to connect with families and relatives through a designated app called “Nafidhaty,” which translates to […]
Rulers of the United Arab Emirates (UAE) sent messages of congratulations to King Hamad bin Isa Al Khalifa of Bahrain on the 25th anniversary of his accession to the throne. This momentous occasion, referred to as the Silver Jubilee, marks a significant milestone in Bahrain’s recent history. The messages, delivered by the Supreme Council Members and Rulers of each of the seven emirates, conveyed warm wishes and […]
The United Arab Emirates’ (UAE) defense conglomerate, Edge Group, and Spanish technology firm Indra have announced a strategic partnership to develop and manufacture next-generation radar systems. This collaboration leverages the expertise of both companies, aiming to position them as leading suppliers in the global defense market. The joint venture, established in Abu Dhabi, will focus on creating a portfolio of advanced radars catering to air and ground […]
The World Trade Organization (WTO) recently concluded its 13th Ministerial Conference (MC13) in Abu Dhabi, United Arab Emirates, and the organization itself has hailed the event as a success. Held from February 26th to 29th, the conference brought together trade ministers and senior officials from all 164 WTO member countries to discuss pressing issues in global trade and the future of the organization. One of the key […]
The United Arab Emirates’ (UAE) property market is defying the global economic slowdown, with Dubai and Abu Dhabi projected to see continued growth in 2024. This positive outlook comes amidst a backdrop of strong economic fundamentals, government initiatives, and rising investor confidence. Experts at a recent JLL event in Dubai, titled “Navigating the Growth Spectrum: Exploring Strategies for Sustained Success,” expressed strong optimism for the UAE’s real […]
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K Raveendran A reported move by Abu Dhabi to launch an Initial Public Offering (IPO) for Etihad Airways has sent ripples through the Gulf’s aviation sector. This potential move, if realized, would mark a historic first for the region, potentially setting a precedent for other major airlines to follow. Firstly, an Etihad listing would be a significant step away from the traditional state-owned model prevalent in the […]
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Etihad Rail, the developer and operator of the UAE’s national railway network, has taken a significant leap towards connecting the bustling emirates of Dubai and Abu Dhabi. The company recently unveiled its prototype passenger train, marking a major milestone in the development of its passenger services. Sheikh Ahmed bin Tahnoun Al Nahyan, Deputy Chief of Staff of the UAE Armed Forces, himself experienced the comfort and efficiency […]
Dubai-based Arabian Adventures Meetings, Incentives & Events (AAMIE), has won the prestigious SITE Crystal Award for Excellence in Incentive Travel, Africa and the Middle East for the fourth time. The specialist events division of Arabian Adventures, the UAE’s leading destination management company (DMC), part of the Emirates Group, has been recognised for designing and delivering an exceptional, multi-city event in the UAE for top-performing employees of a France-based renewable energy company, in association […]
The Abu Dhabi National Oil Company (Adnoc) emerged as the top investor in low-carbon solutions among national oil companies in 2023, according to a report by Energy Intelligence. This achievement comes despite a significant decline in low-carbon spending across the global oil and gas sector last year. While many energy companies prioritized profitability and meeting the rising demand for fossil fuels, Adnoc, responsible for almost all of […]
First Abu Dhabi Bank (FAB) has announced 50% dividend to its share holders in United Arab Emirates. The FAB has created a huge record by breaking its own estimation of profit in the fourth quarter. The bank has achieved a high level growth in the year 2023. The First Abu Dhabi Bank has been working hard to meet the needs of its customers. In addition, the bank […]
The Abu Dhabi National Oil Company (Adnoc) announced the successful completion of its acquisition of a 24.9% stake in OMV AG, a global energy and chemicals company headquartered in Vienna, Austria. The acquisition, finalized on February 29, 2024, was purchased from Mubadala Investment Company, a sovereign wealth fund based in the United Arab Emirates. This strategic move aligns with Adnoc’s ambitions to expand its footprint in the […]
The 13th Ministerial Conference of the World Trade Organization (WTO) wrapped up yesterday in Abu Dhabi, UAE, after a day of extended negotiations. While progress was made on tackling harmful fishing subsidies, the long-awaited breakthrough on e-commerce tariffs and the WTO’s broader reform agenda remained elusive. The issue of e-commerce tariffs proved to be the most contentious. Developed nations, led by the United States and the European […]
The 13th World Trade Organization (WTO) Ministerial Conference in Abu Dhabi concluded with a landmark agreement aimed at facilitating and streamlining global digital trade. The deal, signed by representatives from participating countries, marks a significant step towards establishing a framework for e-commerce, fostering innovation, and promoting economic growth in the digital age. Negotiations for the agreement, officially titled the “Joint Declaration on Enhancing Trade in the Digital […]
Merger and acquisition (M&A) activity in the Middle East and North Africa (MENA) region is facing headwinds due to rising global tensions, according to a recent report by Bain & Company. While the region experienced a 4% increase in M&A deals in 2023 compared to the previous year, with a total value of $86 billion, experts warn that this momentum could be short-lived. The report highlights the […]
The 13th Ministerial Conference of the World Trade Organization (WTO) in Abu Dhabi grapples with securing progress on further regulating harmful fisheries subsidies. While the 2022 meeting yielded a landmark agreement addressing illegal and overfished stocks, the current discussions focus on the remaining pillar: subsidies contributing to overcapacity. Developed nations, like the European Union, advocate for stricter regulations, arguing that overcapacity fuels overfishing, a major threat to […]
Abu Dhabi’s International Holding Company (IHC) recently created sensation by inducting a non-voting board observer position for an Artificial Intelligence (AI) entity named Aiden Insight. This groundbreaking decision marks a potential turning point in how companies in the Gulf region, and perhaps globally, are governed and highlights the growing capabilities and disruptive potential of AI technologies. Aiden Insight, powered by IHC subsidiary G42 and developed in collaboration […]
The International Holding Company (IHC), a prominent Abu Dhabi-based conglomerate, has taken a groundbreaking step by appointing an artificial intelligence (AI) system named “Aiden Insight” as an observer to its board of directors. This move marks a first not only for the company but for the entire Gulf Cooperation Council (GCC) region, placing the IHC at the forefront of technological innovation and corporate governance. Sheikh Tahnoun bin […]
The United Arab Emirates (UAE) announced it will disburse over Dh760 million ($207 million) in pensions for the month of February. This disbursement caters to Emirati retirees who fall under the regulations of Federal Law No. 7 of 1999 concerning Pension and Social Security, along with other eligible beneficiaries managed by the General Pension and Social Security Authority (GPSSA) on behalf of the Ministry of Finance. The […]
Abu Dhabi – Edge, a global advanced technology and defense group based in Abu Dhabi, and Fincantieri, one of the world’s largest shipbuilding companies, have officially launched a multi-billion euro joint venture (JV). The agreement, solidified during a recent visit to Rome, aims to capitalize on global shipbuilding opportunities, particularly in the manufacturing of sophisticated naval vessels. Under the terms of the agreement, Edge will hold a […]
Abu Dhabi: The Emirates Tourism Council has unveiled the ‘National Tourism Charter,’ a pivotal component of the National Tourism Strategy 2031. The initiative, launched during the second meeting of the Emirates Tourism Council for 2024, chaired by H.E. Abdulla bin Touq Al Marri, Minister of Economy and Council Chairman, aims to synchronize national efforts to foster sustainable growth in the UAE’s tourism industry. The primary goal is […]
Etihad Airways is celebrating the arrival of three new Boeing 787-9 aircraft this weekend. The national airline of the UAE welcomed the latest additions to its expanding fleet at Abu Dhabi Zayed International Airport. The new aircraft will begin operations this month, helping Etihad to expand in line with its ambitious roadmap which will see it fly to 125 destinations with more than 160 aircraft by […]
