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Abu Dhabi

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 […]

Abu Dhabi – The Ministry of Economy proudly welcomes KERNO, a cutting-edge enterprise specializing in infrastructure products, to its esteemed NextGenFDI program. This initiative, aimed at fostering the growth of innovative companies, supports KERNO’s establishment and expansion in the UAE, a move poised to bolster the nation’s knowledge-based economy.KERNO, spearheaded by industry veterans from Read the full story on 1arabia.com

ServeU, a leading facilities management solutions provider in the UAE and a subsidiary of Union Properties, has unveiled an innovative approach to cleaning with the integration of advanced robots into its services. The robots, named “Leo” and “Rex,” mark a significant step towards increased efficiency and environmental responsibility in the cleaning industry. Engineered to excel in tasks such as mopping, washing, and scrubbing, Leo and Rex bring […]

Matein Khalid Saudi Arabia’s unique role in the oil market as Opec’s swing producer, the de facto central bank of oil, owes as much to its spare capacity as it does to its colossal reserves, the world’s lowest drilling cost and the sheer scale of its oil exports. However, the kingdom has also historically not hesitated to cut planned increases in spare capacity, when the Saudi government […]

Abu Dhabi, the capital of the United Arab Emirates (UAE), has emerged as the Gulf Cooperation Council’s (GCC) prime model for smart city initiatives. The city’s journey towards technological urban transformation showcases a commitment to innovation and sustainability. In recent years, Abu Dhabi has strategically invested in advanced technologies to enhance urban living. The meticulous integration of smart solutions in various aspects of city management, from transportation […]

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Abu Dhabi, a key player in global sustainability efforts, has disclosed a comprehensive international strategy aimed at advancing environmental education. This initiative underscores the emirate’s commitment to fostering awareness and knowledge on crucial ecological issues across the globe. The unveiled roadmap outlines a multifaceted approach to enhancing environmental literacy at both local and global levels. By establishing partnerships with educational institutions, governmental bodies, and non-profit organizations, Abu […]

Dubai’s real estate landscape witnesses a significant financial surge as the Abu Dhabi Judicial Department’s (ADJD) Auction App successfully generates a whopping $925 million through property sales. The digital platform’s prowess in facilitating seamless transactions marks a milestone in the region’s property market. The substantial financial influx is indicative of the growing reliance on innovative auction technology within the United Arab Emirates (UAE). The ADJD Auction App, […]

Abu Dhabi’s prominent artificial intelligence entity, G42, is strategically positioning itself for expansion into the African market, with a particular focus on providing cutting-edge financial services solutions. The move reflects the company’s commitment to leveraging its advanced AI capabilities to foster growth and innovation in the rapidly evolving financial technology sector across the African continent. G42, recognized globally for its pioneering work in artificial intelligence and data-driven […]

Tenaris, the global steel pipe manufacturer, solidifies its dedication to the United Arab Emirates (UAE) by revealing its new industrial complex in Abu Dhabi. The company’s substantial investment underscores its long-term commitment to contributing to the UAE’s economic growth and industrial development. The industrial complex, strategically located in Abu Dhabi, represents a significant milestone in Tenaris’s expansion plans in the region. The state-of-the-art facility is equipped with […]

Abu Dhabi-based investment firm Waha Capital has revealed a substantial 38% increase in its profits for the fiscal year 2023. The company’s recently released financial results depict a noteworthy growth trajectory, showcasing resilience and strategic acumen in navigating the economic landscape. This surge in profits is indicative of Waha Capital’s effective financial management and successful investment strategies, contributing to its robust performance in a dynamic market. The […]

Sydney, Australia – February 15, 2024 — The University of Technology Sydney (UTS) Australian Artificial Intelligence Institute (AAII) and VADR Media are excited to announce a new research and development partnership aimed at combating cheating in online chess. This collaboration follows VADR Media’s recent acquisition of Szuperchess, a renowned European company known for its ground-breaking Computer Vision Anti-Cheat technology for Checkmate.live, a next-gen chess and broadcast and tournament […]

The vibrant spirit of the Chinese New Year reverberated across the United Arab Emirates as Dubai and Abu Dhabi hosted spectacular events to mark the onset of the Year of the Dragon. Dazzling Dubai Fireworks Illuminate Night Sky Dubai kicked off the celebrations with a breathtaking fireworks display that painted the city’s skyline with vibrant colors. Thousands gathered at iconic landmarks, witnessing the mesmerizing spectacle that lit […]

Dubai and Abu Dhabi have witnessed safety alerts due to weather conditions this Monday. Authorities in both cities have issued precautionary measures to ensure the well-being of residents and visitors. Forecasted adverse weather patterns, including strong winds and potential sandstorms, prompted authorities to issue safety alerts. Residents are advised to exercise caution while commuting and take necessary precautions to mitigate the impact of the challenging weather conditions. […]

Abu Dhabi-based real estate developer Aldar Properties has announced a groundbreaking 40% increase in net profit, attributed to a significant surge in sales. The company’s stellar financial performance underscores its resilience in the dynamic real estate market. The robust growth in net profit for the fiscal period reflects Aldar’s strategic initiatives and adept management in capitalizing on heightened market demand. With an unwavering focus on customer needs, […]

Indian Prime Minister Narendra Modi’s recent visit to the United Arab Emirates (UAE) marked a pivotal moment in diplomatic relations. The trip aimed at reinforcing the strategic partnership between the two nations and fostering cultural ties took a significant turn with the inauguration of the BAPS Hindu Temple.

During the visit, Prime Minister Modi engaged in high-level discussions with UAE leaders, emphasizing mutual cooperation in areas such as trade, security, and technology. The leaders expressed commitment to enhancing economic collaboration, with discussions centering around investments, infrastructure development, and joint ventures.

The highlight of the visit was the unveiling of the BAPS Hindu Temple, a symbol of the strong cultural connection between India and the UAE. The temple, located in Abu Dhabi, stands as a testament to the rich heritage shared by the two nations. Its inauguration underscores the significance of religious harmony and cultural diversity, fostering a sense of unity among the Indian diaspora in the UAE.

In addition to diplomatic and cultural engagements, the visit saw discussions on regional and global issues of mutual concern. Prime Minister Modi and UAE leaders addressed challenges such as climate change, terrorism, and the ongoing global health crisis. Both sides reiterated their commitment to collaborative efforts in addressing these pressing issues on the international stage.

The strategic importance of the UAE in India’s foreign policy was highlighted during the visit. The nations acknowledged the need for continued cooperation in the fight against terrorism and extremism, recognizing the impact on regional stability and global security.

As the UAE and India move forward with strengthened ties, the BAPS Hindu Temple stands as a symbol of the enduring friendship and shared values between the two nations. The cultural and religious significance of the temple reinforces the deep-rooted connections that go beyond diplomatic agreements.

Prime Minister Modi’s visit to the UAE not only solidifies bilateral relations but also underscores the importance of diplomacy in building bridges across nations. The inauguration of the BAPS Hindu Temple serves as a landmark moment in the history of India-UAE relations, emphasizing the shared commitment to diversity, tolerance, and cooperation on the global stage.

Abu Dhabi-based Aldar Properties has announced a substantial 39% year-on-year surge in its net profit for the fourth quarter, attributing the boost to increased sales. The real estate giant’s financial results underscore its resilience amid market dynamics, reflecting a positive trajectory in the real estate sector.

Aldar Properties’ Q4 financial report reveals a robust performance, with net profit climbing to noteworthy levels. The company’s strategic initiatives and effective management have contributed to this remarkable growth, positioning Aldar as a key player in the region’s real estate landscape.

The surge in net profit is primarily fueled by heightened sales, indicating a strong demand for Aldar’s offerings in the real estate market. The company’s ability to capitalize on market opportunities and meet customer needs has propelled its financial success, showcasing a dynamic and responsive business approach.

As the real estate sector continues to evolve, Aldar Properties’ performance stands as a testament to its adaptability and market acumen. The positive financial results are expected to bolster investor confidence and reinforce Aldar’s position as a leading entity in the real estate development domain.

Market analysts suggest that Aldar Properties’ growth is indicative of the overall resilience and potential within the UAE’s real estate market. The strategic location of the UAE, coupled with Aldar’s commitment to quality and innovation, positions the company favorably for sustained success in the foreseeable future.

The impressive fourth-quarter results are likely to have a ripple effect on the company’s overall fiscal year performance, further solidifying Aldar Properties’ standing in the real estate industry. Investors and stakeholders are keenly observing the company’s trajectory, anticipating continued growth and value creation.

Aldar Properties’ positive financial report comes amidst a backdrop of economic recovery, and the company’s ability to outpace the market trends highlights its strategic foresight and operational efficiency. The real estate giant’s Q4 success sets a promising tone for the upcoming fiscal year, signaling potential opportunities for both the company and its investors in the dynamic real estate landscape of the UAE.

India will oppose any move by the developed world to get any non-trade issue like labour and environmental standards included in the formal talks at the World Trade Organisation (WTO) during the 13th ministerial conference of the global trade regulating body scheduled this month-end at Abu Dhabi. Developed countries are also pushing to include issues […]

The post India To Oppose Inclusion Of Non-Trade Issues In WTO Agenda first appeared on Latest India news, analysis and reports on IPA Newspack.

Oil India aims to spend Rs 6,000 crore in the exploration and production of oil and gas in the financial year 2024-25, Harish Madhav, the company’s director of finance, said in an interview. “For the next financial year, the investment target is close to Rs 6,000 crore. Depending on the requirement, we can invest more,” […]

The post Oil India To Invest Rs 6,000 Crore On Exploration And Production In FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

Arabian Post Staff The Abu Dhabi International Arbitration Centre (arbitrateAD) will launch operations on February 1, 2024, the Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced.  This strategic initiative aligns with the Chamber’s commitment to fortify Abu Dhabi’s standing as a preeminent global hub for arbitration. At the forefront of international dispute resolution, arbitrateAD signifies a paradigm shift in the institutional landscape of the Emirate. Not […]

Marcelle van der Merwe, Design Manager at Gensler Middle East, explains how airports are adapting and evolving to meet the demands placed on them by growing passenger numbers across the UAE In a post-pandemic world, there’s an opportunity to rethink airport terminals to allow people to ‘choose’ their own custom journey, appealing to leisure travellers who prefer to linger, business travellers who want to get to their destination quickly […]

NEW DELHI: India will not agree to an “asymmetrical”  agreement on reducing fisheries subsidies that contribute to overfishing and will insist on specific carveouts to protect its resource poor fishers and preserve the space to develop its capacities at the WTO, officials have said. “In India, the livelihood of 9 million people, mostly resource-poor, dependent […]

The post India To Insist On Carveouts To Protect Poor Fishers At WTO first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU: Foreign investments in the Indian real estate sector, led by the US, experienced a decline in 2023 due to high inflation and geopolitical concerns. Notably, office spaces emerged as the most favoured investment asset. Investments from American institutions in the Indian real estate market fell by 39 per cent in 2023 to $1.35 billion […]

The post Global Investments In Indian Real Estate Sector Dip Due To High Inflation first appeared on Latest India news, analysis and reports on IPA Newspack.

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